Polytetrafluoroethylene Market: Rising Use in Cookware and Automotive Industries to Spur Growth, TMR
The global polytetrafluoroethylene (PTFE) market is highly concentrated, with the large-scale manufacturers at the fore. Some of the most prominent names in the market are 3M, Solvay, Daikin Industries, Chemours Company, and Asahi Glass Co., Ltd., finds Transparency Market Research (TMR) in a new study. These companies cumulatively held over 62.7% in the global market in 2015. Besides this, small- and medium-scale companies are present in the market, however, they are much limited in number. In order to gain stronger foothold, a majority of companies operating in the market focus on expanding existing production sites, exploring new regions, and product development. A common aspect among the companies holding dominance, is their widespread regional footprint. On account of having penetrated into untapped markets, these companies enjoy greater sales prospects, which have inevitable contribution towards their lead in the global PTFE mark...