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Polytetrafluoroethylene (PTFE) Market

Polytetrafluoroethylene (PTFE) Market (Product - Granular, Fine Powder, Micro Powder, Dispersions, and Liquids; Application - Industrial and Chemical Processing, Automotive, Electricals, Electronics, Cookware, Building & Construction, and Medical) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Polytetrafluoroethylene (PTFE) Market – An Overview

As per Transparency Market Research, the global Polytetrafluoroethylene (PTFE) Market is set to grow at a sturdy rate, compounded annually from 2016 to 2024. It also notes that the market growth would be a result of some very notable factors. It is significant to note here that the market would witness growing popularity of the product because of its superior attributes such as high chemical resistance and good heat tolerance. This is the reason that it is being extensively used in nonstick cookware. Additionally, it is worth noting here that its use in electronics is growing along with its use in electricals. And, this is set to contribute to the growth curve of the global Polytetrafluoroethylene (PTFE) Market.

Other notable factors of growth are explained below:

  • Growth in chemicals and industrial processing is anticipated over the forecast period and this is set to drive growth in the global Polytetrafluoroethylene (PTFE) Market. It is significant to note here that it is a preferred material in manufacturing of rings, seals, vessel linings, spacers, gaskets, dip tubes, and so on. As extraction and exporation of oil and gas increases, demand is therefore created for Polytetrafluoroethylene (PTFE).
  • In the year 2019, new hotspots of oil and gas were in the news. The regions include Latin America, Africa, and the Mediterranean. About 26 discoveries were made offshore. That comes to a massive volume of discovery in terms of Barrels of Oil Equivalent or BOE.
  • It is significant to note here that demand for oil and gas is only increasing as demand for energy and fuel rises. An increase in global population is set to drive it further up. By the year 2050, world population will be an extra 2 billion – taking the total up to 9.7 billion.

Global Polytetrafluoroethylene (PTFE) Market: Snapshot

The global polytetrafluoroethylene (PTFE) market is developing at a healthy pace and is expected to witness high growth in the coming years, thanks to the rising opportunities from developing nations across the globe. The rise in the development of the cookware industry and the rising demand for non-stick cookware are estimated to ensure the growth of the global polytetrafluoroethylene (PTFE) market in the next few years. With these factors, the Global polytetrafluoroethylene (PTFE) market is projected to register high growth in the coming few years. Among the key products, the micro powder PTFE segment is anticipated to witness a high demand in the next few years and hold a major share of the overall market.

polytetrafluoroethylene market

Rising Number of Application Segments to Propel PTFE Market

A research study by Transparency Market Research stated that, in 2015, the global market for PTFE stood at US$3.48 bn and is projected to reach a value of US$5.18 bn by the end of year 2024. Furthermore, the global polytetrafluoroethylene (PTFE) market is predicted to register a healthy 4.60% CAR between 2016 and 2024.

The rise in the demand for PTFE from the diverse industrial sectors is likely to enhance the development of the market in the next few years. The rise in the need for PTFE, especially in emerging economies, which is projected to support the growth of the overall market in the coming years. In addition to this, the rising penetration in the medical applications is another factor that is estimated to ensure market growth in the near future. On the flip side, the increasing cost of PTFE and the increasing use of reprocessed PTFE and the strict rules and regulations for environment are predicted to restrict the market growth in the near future. Nonetheless, the rise in the use of MPTFE is expected to support the market growth and offer growth prospects for players in the near future.

Development of Chemical Industry to Push Market Growth in Near Future

From a regional viewpoint, Asia Pacific led the global polytetrafluoroethylene (PTFE) market with a massive share of the market and is likely to remain in the same position over the next few years. The rapid development of the chemical industry is projected to enhance the growth of this region in the coming years. Furthermore, the growing demand for PTFE from the industrial and chemical industries and the developing automotive sector are some of the other factors estimated to enhance the growth in the near future. Furthermore, Europe and the Middle East and Africa markets for PTFE are projected to grow at a healthy pace in the next few years.

The global polytetrafluoroethylene (PTFE) market is concentrated in nature with a few international and local players operating in it across the globe. In addition to this, several small-size and medium-size vendors are also operating in market, however, they are comparatively less in number. The developments and innovations in this field and the expansion of the manufacturing capacities are likely to enhance the competitive scenario of the global polytetrafluoroethylene (PTFE) market in the coming few years. Also, the rise in the research activities is expected to ensure market growth in the next few years. Some of the leading players in the global PTFE market are Daikin Industries, Ltd., The Chemours Company, Solvay, 3M, and Asahi Glass Co., Ltd.

Polytetrafluoroethylene (PTFE) Market predicted to Gain from Growing Demand from Automobile Industry

The fast development in the electrical and gadgets industry, driven by macroeconomic development and expanding interest for inventive items in the non-industrial countries of APAC, has supported the creation of electrical and electronic gadgets. This, alongside an increment in the reception of polytetrafluoroethylene coatings for semiconductors, wires and links, electrical tapes, and protections, is relied upon to drive the material interest in the coming years.

It likewise noticed that the market development would be an aftereffect of some entirely prominent elements. It is important to note here that the market would observer developing prominence of the item on account of its prevalent ascribes like high substance obstruction and great warmth resilience. This is the explanation that it is as a rule widely utilized in nonstick cookware. Also, it is significant here that its utilization in hardware is developing alongside its utilization in electrical.

PTFE can withstand amazingly high temperatures (up to 2500 degree Celsius). Simultaneously, the item offers low compound opposition and erosion. Because of these properties, polytetrafluoroethylene is by and large generally embraced in the auto business. A few parts utilized in vehicles, for example, brake lines, sump hoses, grip, and brake can utilize PTFE. Rally vehicles which need pressure driven liquid, grasp liquid, and cooling, can likewise utilize the item generally. The developing interest from these areas is adding to the development of the polytetrafluoroethylene market.

3D assembling measure is relied upon to give improved adaptability to plastics producers. Novel advancements, for example, these are relied upon to help the development of the worldwide polytetrafluoroethylene (PTFE) market throughout the next few years. a vital seller in the worldwide polytetrafluoroethylene (PTFE) market 3M has built up a novel PTFE preparing innovation. The procedure utilizes 3D printing innovation as another and to measure completely fluorinated polymers like PTFE. This cycle permits the creation of mind boggling and little volume PTFE parts without the requirement for costly customary handling strategies.

The report segments the global PTFE market as follows:

by Product

  • Granular
  • Fine Powder
  • Micro Powder
  • Others (include dispersions, liquids etc.)

by Application

  • Industrial and chemical processing
  • Automotive
  • Electrical and Electronics
  • Others (cookware, building & construction, and  medical, etc.)

by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Spain
    • Italy
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
Polytetrafluoroethylene (PTFE) Market

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Chapter 01 Preface
1.1 Report Scope and Market Segmentation 
1.2 Research Highlights

Chapter 02 Assumptions and Research Methodology
2.1 Assumptions and Acronyms Used
2.2 Research Methodology

Chapter 03 Executive Summary
3.1 PTFE Market: Market Size, by Value (US$ Mn), by Region

Chapter 04 Market Overview
4.1 Product Overview
4.2 Key Industry Developments
4.3 Market Indicators

Chapter 05 Market Dynamics
5.1 Drivers
5.2 Restraints
5.3 Opportunity Analysis
5.4 Opportunity
5.5 PTFE Market: Global Demand Supply Scenario 
5.6 Global PTFE Market Analysis and Forecast 
5.7 Porter’s Analysis 
5.8 Value Chain Analysis 

Chapter 06 PTFE Market Analysis, by Type
6.1 Key Findings
6.2 Introduction 
6.3 PTFE Market Value Share Analysis, by Type
6.4 PTFE Market Forecast, by Type
6.5 PTFE Market Analysis, by Type
6.6 Type Comparison Matrix
6.7 PTFE Market Attractiveness Analysis, by Type

Chapter 07 PTFE Market Analysis, by Application
7.1 Key Findings
7.2 Introduction
7.3 PTFE Market Value Share Analysis, by Application
7.4 PTFE Market Forecast, by Application
7.5 PTFE Market Analysis, by Application 
7.6 Applications Comparison Matrix
7.7 PTFE Market Attractiveness Analysis, by Application

Chapter 08 PTFE Analysis, by Region
8.1 Global Regulatory Scenario
8.2 PTFE Market Value Share Analysis, by Region
8.3 PTFE Market Forecast, by Region
8.4 PTFE Market Attractiveness Analysis, by Region

Chapter 9 North America PTFE Market Analysis
9.1 Key Findings
9.2 North America PTFE Market Overview
9.3 North America PTFE Market Value Share Analysis, by Type
9.4 North America PTFE Market Forecast, by Type
9.5 North America PTFE Market Value Share Analysis, by Application
9.6 North America PTFE Market Forecast, by Application
9.7 North America Market Value Share Analysis, by Country
9.8 North America Market Forecast, by Country
      9.8.1 U.S.
      9.8.2 Canada
9.9 North America Market Attractiveness Analysis

Chapter 10 Europe PTFE Market Analysis
10.1 Key Findings
10.2 Europe PTFE Market Overview
10.3 Europe PTFE Market Value Share Analysis, by Type
10.4 Europe PTFE Market Forecast, by Type
10.5 Europe PTFE Market Value Share Analysis, by Application
10.6 Europe PTFE Market Forecast, by Application
10.7 Europe Market Value Share Analysis, by Country
10.8 Europe Market Forecast, by Country
      10.8.1 Germany
      10.8.2 France
      10.8.3 Spain
      10.8.4 Italy
      10.8.5 U.K.
      10.8.6 Rest of Europe
10.9 Europe Market Attractiveness Analysis

Chapter 11 Asia Pacific PTFE Market Analysis
11.1 Key Findings
11.2 Asia Pacific PTFE Market Overview
11.3 Asia Pacific PTFE Market Value Share Analysis, by Type
11.4 Asia Pacific PTFE Market Forecast, by Type
11.5 Asia Pacific PTFE Market Value Share Analysis, by Application
11.6 Asia Pacific PTFE Market Forecast, by Application
11.7 Asia Pacific Market Value Share Analysis, by Country
11.8 Asia Pacific Market Forecast, by Country
      11.8.1 China
      11.8.2 Japan
      11.8.3 India
      11.8.4 ASEAN
      11.8.5 Rest of Asia Pacific
11.9 Asia Pacific Market Attractiveness Analysis

Chapter 12 Latin America PTFE Market Analysis
12.1 Key Findings
12.2 Latin America PTFE Market Overview
12.3 Latin America PTFE Market Value Share Analysis, by Type
12.4 Latin America PTFE Market Forecast, by Type
12.5 Latin America PTFE Market Value Share Analysis, by Application
12.6 Latin America PTFE Market Forecast, by Application
12.7 Latin America Market Value Share Analysis, by Country
12.8 Latin America Market Forecast, by Country
      12.9.1 Brazil
      12.9.2 Mexico
      12.9.3 Rest of Latin America
12.9 Latin America Market Attractiveness Analysis

Chapter 13 MEA PTFE Market Analysis
13.1 Key Findings
13.2 MEA PTFE Market Overview
13.3 MEA PTFE Market Forecast, by Type
13.4 MEA PTFE Market Forecast, by Type
13.5 MEA PTFE Market Value Share Analysis, by Application
13.6 MEA PTFE Market Forecast, by Application
13.7 MEA Market Value Share Analysis, by Country
13.8 MEA Market Forecast, by Country
      13.8.1 South Africa
      13.8.2 GCC
      13.8.3 Rest of MEA
13.9 MEA Market Attractiveness Analysis

Chapter 14 Competition Landscape
14.1 PTFE Market Share Analysis by Company (2015)
14.2 Competition Matrix
14.3 Company Profiles
      14.3.1 3M
              14.3.1.1 Company Details
              14.3.1.2 Company Description
              14.3.1.3 Business Overview
              14.3.1.4     SWOT Analysis
              14.3.1.5 Strategic Overview
      14.3.2 Solvay
              14.3.2.1 Company Details
              14.3.2.2 Company Description
              14.3.2.3 Business Overview
              14.3.2.4     SWOT Analysis
              14.3.2.5 Strategic Overview
      14.3.3 Gujarat Fluorochemicals Limited
              14.3.3.1 Company Details
              14.3.3.2 Company Description
              14.3.3.3 Business Overview
              14.3.3.4     SWOT Analysis
              14.3.3.5 Strategic Overview
      14.3.4 DAIKIN INDUSTRIES, Ltd.
              14.3.4.1 Company Details
              14.3.4.2 Company Description
              14.3.4.3 Business Overview
              14.3.4.4     SWOT Analysis
              14.3.4.5 Strategic Overview
      14.3.5 The Chemours Company
              14.3.5.1 Company Details
              14.3.5.2 Company Description
              14.3.5.3 Business Overview
              14.3.5.4     SWOT Analysis
              14.3.5.5 Strategic Overview
      14.3.6      Saint-Gobain Performance Plastics Corporation
              14.3.6.1 Company Details
              14.3.6.2 Company Description
              14.3.6.3 Business Overview
              14.3.6.4     SWOT Analysis
              14.3.6.5 Strategic Overview
      14.3.7      Asahi Glass Co., Ltd.
              14.3.7.1 Company Details
              14.3.7.2 Company Description
              14.3.7.3 Business Overview
              14.3.7.4     SWOT Analysis
              14.3.7.5 Strategic Overview
      14.3.8 HaloPolymer OJSC
              14.3.8.1 Company Details
              14.3.8.2 Company Description
              14.3.8.3 Business Overview
      14.3.9      Shamrock Technologies
              14.3.9.1 Company Details
              14.3.9.2 Company Description
              14.3.9.3 Business Overview
      14.3.10      Micro Powders, Inc.
              14.3.10.1 Company Details
              14.3.10.2 Company Description
              14.3.10.3 Business Overview
      14.3.11      Reprolon Texas
              14.3.11.1 Company Details
              14.3.11.2 Company Description
              14.3.11.3 Business Overview

List of Table

Table 1 PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Type, 2015–2024
Table 2 PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 3 PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Region (2016–2024)
Table 4 North America PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Type, 2015–2024
Table 5 North America PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 6 North America PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 7 Europe PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Type, 2015–2024
Table 8 Europe PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 9 Europe PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country and Sub-region, 2015–2024
Table 10 Asia Pacific PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Type, 2015–2024
Table 11 Asia Pacific PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 12 Asia Pacific PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country and Sub-region, 2015–2024
Table 13 Latin America PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Type, 2015–2024
Table 14 Latin America PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 15 Latin America PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country and Sub-region, 2015–2024
Table 16 Middle East & Africa (MEA) PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Type, 2015–2024
Table 17 Middle East & Africa (MEA) PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 18 Middle East & Africa PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country and Sub-region, 2015–2024

List of Figures

Figure 1 Global PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 2 PTFE Market Average Price (US$/Kilo Ton), 2015–2024
Figure 3 PTFE Market Value Share Analysis, by Type, 2015 and 2024
Figure 4 PTFE Market Attractiveness Analysis, by Type
Figure 5 PTFE Market Value Share Analysis, by Application, 2015 and 2024
Figure 6 PTFE Market Attractiveness Analysis, by Application
Figure 7 PTFE Market Value Share Analysis, by Region, 2015 and 2024
Figure 8 PTFE Market Attractiveness Analysis, by Region 
Figure 9 North America PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 10 North America PTFE Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 11 North America Market Attractiveness Analysis, by Country
Figure 12 North America PTFE Market Value Share Analysis, by Type, 2015 and 2024
Figure 13 North America PTFE, Market Value Share Analysis, by Application, 2015 and 2024
Figure 14 North America Market Value Share Analysis, by Country, 2015 and 2024
Figure 15 North America PTFE Market Attractiveness Analysis, by Type
Figure 16 North America PTFE Market Attractiveness Analysis, by Application
Figure 17 Europe PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 18 Europe PTFE Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 19 Europe Market Attractiveness Analysis, by Country and Sub-region
Figure 20 Europe PTFE Market Value Share Analysis, by Type, 2015 and 2024
Figure 21 Europe PTFE Market Value Share Analysis, by Application, 2015 and 2024
Figure 22 Europe Market Value Share Analysis, by Country and Sub-region, 2015 and 2024
Figure 23 Europe PTFE Market Attractiveness Analysis, by Product Type
Figure 24 Europe PTFE Market Attractiveness Analysis, by Application
Figure 25 Asia Pacific PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 26 Asia Pacific PTFE Market Size and Volume, Y-o-Y Growth Projection, 2015–2024
Figure 27 Asia Pacific Market Attractiveness Analysis, by Country and Sub-region
Figure 28 Asia Pacific PTFE Market Value Share Analysis, by Type, 2015 and 2024
Figure 29 Asia Pacific PTFE Market Value Share Analysis, by Application, 2015 and 2024
Figure 30 Asia Pacific Market Value Share Analysis, by Country and Sub-region, 2015 and 2024
Figure 31 Asia Pacific PTFE Market Attractiveness Analysis, by Product
Figure 32 Asia Pacific PTFE Market Attractiveness Analysis, by Application
Figure 33 Latin America PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 34 Latin America PTFE Market Size and Volume, Y-o-Y Growth Projection, 2015–2024
Figure 35 Latin America PTFE Market Attractiveness Analysis, by Country and Sub-region
Figure 36 Latin America PTFE Market Value Share Analysis, by Type, 2015 and 2024
Figure 37 Latin America PTFE Market Value Share Analysis, by Application, 2015 and 2024
Figure 38 Latin America PTFE Market Value Share Analysis, by Country and Sub-region, 2015 and 2024
Figure 39 Latin America PTFE Market Attractiveness Analysis, by Product Type
Figure 40 Latin America PTFE Market Attractiveness Analysis, by Application
Figure 41 Middle East & Africa PTFE Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 42 Middle East & Africa PTFE Market Size and Volume, Y-o-Y Growth Projection, 2015–2024
Figure 43 Middle East & Africa PTFE Market Attractiveness Analysis, by Country
Figure 44 Middle East & Africa (MEA) PTFE Market Value Share Analysis, by Type, 2015 and 2024
Figure 45 Middle East & Africa (MEA) PTFE Market Value Share Analysis, by Application, 2015 and 2024
Figure 46 Middle East & Africa PTFE Market Value Share Analysis, by Country and Sub-region, 2015 and 2024
Figure 47 Middle East & Africa (MEA) PTFE Market Attractiveness Analysis, by Product Type
Figure 48 Middle East & Africa (MEA) PTFE Market Attractiveness Analysis, by Application
Figure 49 Global PTFE Market Share Analysis, by Company, 2015

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