Global Polytetrafluoroethylene (PTFE) Market to Grow at 4% During 2024-2032, Bolstered by Increasing Applications in Diverse Industries

July 07, 2021 | Chemical & Materials

The latest report by IMARC Group, titled “Polytetrafluoroethylene (PTFE) Market Report by Form (Granular, Micro Powder, Fine Powder, and Others), Type (, Virgin PTFE, Stainless Steel Filled PTFE, Carbon Filled PTFE, Bronze Filled PTFE, Glass Filled PTFE, and Others), Application (Sheet, Coatings, Pipes, Films, and Others), End-Use Industry (Industrial & Chemical Processing, Electrical & Electronics, Automotive, and Others), and Region 2024-2032”, finds that the global polytetrafluoroethylene (PTFE) market reached a value of US$ 2.7 Billion in 2023. PTFE refers to a synthetic resin that is produced from the polymerization of monomer tetrafluoroethylene. It has a high molecular weight and is unreactive due to the highly stable nature of the fluorine and carbon bonds in its structure. PTFE offers chemical resistance and inertness, low friction, mechanical toughness, stress cracking, flexibility, and thermal resistance. It is non-flammable in nature, due to which it is used in pipe works and containers for corrosive and reactive chemicals. It is also commonly utilized as a nonstick coating for cookware.

Global Polytetrafluoroethylene (PTFE) Market Trends:

The global PTFE market is primarily driven by its increasing demand in the electrical and electronics sector. PTFE is an excellent insulator over a wide range of frequencies and temperatures. In the healthcare sector, it is utilized as a graft material in bone grafting procedures and as coatings on catheters. In the automotive industry, it is used to manufacture various parts of the engine that improve the performance and durability of automobiles. PTFE-based lubricants also result in lower emissions and increased fuel efficiency as they reduce the wear and improve the fuel consumption in the machinery. Besides this, PTFE is employed as a fire-retardant in aerospace applications, as it emits low smoke and toxic gases while withstanding aggressive conditions under a broad range of temperatures. Furthermore, the employment of PTFE in chemical and industrial processing, along with coatings and form fillings, is also positively influencing the market growth. Looking forward, the market is expected to exhibit a CAGR of 4% during the forecast period (2024-2032).

Market Summary:

Based on the form, the market has been segmented into granular, micro powder, fine powder and others.
On the basis of the type, the market has been classified into virgin, stainless steel filled, carbon filled, bronze filled, glass filled, and other types of PTFE.
The market has been categorized based on the application into sheet, coatings, pipes, films, and others.
On the basis of the end use industry, the market has been segregated into industrial and chemical processing, electrical and electronics, automotive, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being AGC Inc., Zhonghao Chenguang Research Institute, Daikin Industries Ltd., Dongyue Group, Gujarat Fluorochemicals Limited, Halopolymer OJSC, Jiangsu Meilan Chemical Co. Ltd, Shanghai 3F New Material Co. Ltd, Solvay SA, The 3M Company, The Chemours Company and Zhejiang Juhua Co. Ltd.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Form, Type, Application, End-Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	AGC Inc., Zhonghao Chenguang Research Institute, Daikin Industries Ltd., Dongyue Group, Gujarat Fluorochemicals Limited, Halopolymer OJSC, Jiangsu Meilan Chemical Co. Ltd, Shanghai 3F New Material Co. Ltd, Solvay SA, The 3M Company, The Chemours Company and Zhejiang Juhua Co. Ltd
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Polytetrafluoroethylene (PTFE) Market to Grow at 4% During 2024-2032, Bolstered by Increasing Applications in Diverse Industries

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.