Polytetrafluoroethylene (PTFE) is a synthetic fluoropolymer of tetrafluoroethylene that has numerous applications. PTFE is a fluorocarbon solid, as it is a high-molecular-weight compound consisting wholly of carbon and fluorine. PTFE is hydrophobic: neither water nor water-containing substances wet PTFE, as fluorocarbons demonstrate mitigated London dispersion forces due to the high electronegativity of fluorine. PTFE has one of the lowest coefficients of friction of any solid.
Market Analysis and Insights: Global PTFE Market
Due to the COVID-19 pandemic, the global PTFE market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Granular accounting for % of the PTFE global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Chemical & Industrial Processing segment is altered to an % CAGR throughout this forecast period.
APAC is the largest and the fastest-growing market for PTFE. The high growth of the chemical industry has led to increased investments in chemical manufacturing units in APAC. Moreover, countries such as China and India are at the forefront of the ongoing industrial revolution. These factors have provided growth opportunities to the PTFE market.
Global PTFE Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global PTFE Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Granular
Fine Powder
Dispersion
Micronized
Segment by Application
Chemical & Industrial Processing
Electronics & Electrical
Automotive & Aerospace
Consumer Goods
Building & Construction
Others
By Company
Chemours
Dongyue
Daikin
Gujarat Fluorochemicals
3M
Asahi Glass
Halopolymer
Shanghai 3f New Materials
Solvay
Zhejiang Juhua
Shamrock Technologies
Jiangsu Meilan Chemical
Dupont-Mitsui Fluorochemicals
Chenguang Research Institute of Chemical Industry
Micro Powders
Hubei Everflon Polymer
Quadrant
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina