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Excellent Corrosion and Thermal Resistance Make Polytetrafluoroethylene Essential in Automotive Sector

The global polytetrafluoroethylene (PTFE) market is projected to be driven by rising demand from different application sectors, particularly the electrical and electronics industry. Globally, PTFE is a very significant and popular fluoropolymer. It is a strong, non-resilient material, and flexible material, with good thermal as well as chemical characteristics. It is also a great insulator over a wide temperature and frequency range, which is likely to bode well for the market in the years to come.

Weather and heat resistance, good electric insulation, chemical inertness, and an excellent corrosion resistance are amongst the qualities that make polytetrafluoroethylene useful in a variety of end use sectors, comprising chemical processing and automotive and transportation. PTFE is manufactured commercially using two processes, which are granular polymer and dispersion of a polymer with a considerably lower molecular weight and smaller particle size. Other production processes include electric arc decomposition of Tetrafluoroethylene (TFE) and emulsion polymerization employing peroxide initiators like hydrogen peroxide (H2O2).

The Chemours Company, Asahi Glass Co., Ltd., Daikin Industries, Ltd., Solvay S.A., and The 3M Company are a few of the leading players in the global polytetrafluoroethylene (PTFE) market.

As per Transparency Market Research, the global polytetrafluoroethylene (PTFE) market is likely to grow at a 4.6% CAGR over the forecast period, from 2016 to 2024. By 2024, the market is expected to reach a value of around US$ 5.18 Bn.

polytetrafluoroethylene market

Rapid Development of Chemical and Industrial Processing Sectors to Boost Growth in Asia Pacific Region

In terms of region, the global polytetrafluoroethylene (PTFE) market is classified into the principal regions of Latin America, North America, Asia Pacific, Middle East and Africa, and Europe. It is anticipated that regional classifications would provide a better knowledge of the market dynamics at play at the regional level.

Asia Pacific is likely to emerge as one of the most prominent regions in the global polytetrafluoroethylene (PTFE) market and this trend is expected to continue during the forecast period, from 2016 to 2024. The rapid development of the chemical and industrial processing sectors in developing countries like India and China is largely responsible for the expansion of the regional market. In addition, the region's rapidly expanding automobile industry is expected to add to the product demand even further.

Electronics sector is a mature industry in both Europe and North America, which has resulted in continual advancements in technology for end commodities. This factor is expected to boost demand for polytetrafluoroethylene in both Europe and North America over the forecast period, from 2016 to 2024.

High Thermal Resistance to Drive Demand for PTFE in the Automobile Sector

Extremely high temperatures are no problem for PTFE, they can resist temperature till 2500 degree Celsius. At the same time, the product comes with a low resistance to friction and low chemical. Polytetrafluoroethylene is frequently used in the automobile sector because of these characteristics. PTFE may be found in a variety of automotive components, including brakes, sump hoses, clutches, and brake lines. Rally cars that require clutch fluid, cooling can, and hydraulic fluid benefit greatly from the product. As a result, the global polytetrafluoroethylene (PTFE) market is expected to expand in the near future.

3M, a major player in the global polytetrafluoroethylene (PTFE) market, has announced the development of a new PTFE processing technique. The method employs a novel 3D printing technique to treat completely fluorinated polymers like PTFE. This method enables the manufacture of small-volume and complicated PTFE components sans any use of costly conventional processing methods. Plastics producers are expected to benefit from this new 3D manufacturing technique since it is likely to provide them with more flexibility. In the next few years, novel technologies like these are likely to drive innovation in the global polytetrafluoroethylene (PTFE) market.

The information shared in this review is based on a TMR report, bearing the title, “Polytetrafluoroethylene (PTFE) Market (Product - Granular, Fine Powder, Micro Powder, Dispersions, and Liquids; Application - Industrial and Chemical Processing, Automotive, Electricals, Electronics, Cookware, Building and Construction, and Medical) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

The global polytetrafluoroethylene (PTFE) market is segmented based on:

Product

  • Granular
  • Fine Powder
  • Micro Powder
  • Dispersions
  • Liquids

Application

  • Industrial and Chemical Processing
  • Automotive
  • Electricals
  • Electronics
  • Cookware
  • Building and Construction
  • Medical

Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Rest of Europe
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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