Global PTFE tapes industry is expected to reach 638.54M Sqm in 2022 www.qyresearch.com
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• The PTFE tapes market is marked with intense competition due to the presence of a large number of players. New product launches and acquisitions are the key strategies adopted by market players to expand their business in the industry. The PTFE tapes market is dominated by several large players such as 3M, Saint-Gobain, Henkel, Berry, Nitto, Technetics Group, A. W. Chesterton Company, Dixon Valve, Oatey, DeWAL Industries (Rogers), RectorSeal, SSP Corporation, Gasoila Chemicals, JC Whitlam Manufacturing, Electro Tape and so on.
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QYResearch • There are major four classification of PTFE tapes in this report: Low Density, Standard Density, Medium Density and High Density. Globally, the production value share of each type of PTFE tapes is 15.99%, 25.39%, 24.10% and 34.52% in 2016. • PTFE tapes are used for aerospace, appliance, automotive, chemical, electronic and electrical, plumbing and pipe and others. Plumbing and pipe has the largest market share, about 28.51% in 2016. • Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition. www.qyresearch.com
QYResearch Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
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