PTFE (Polytetrafluoroethylene) Market Research Report - Global Forecast to 2030

Polytetrafluoroethylene (PTFE) Market Information: by Form (Granular/Molded Powder, Fine Powder, Dispersion), Application (Chemical and Industrial Processing, Aerospace, Automotive, Others) and Region Forecast till 2030

ID: MRFR/CnM/1208-HCR | February 2021 | Region: Global | 144 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Polytetrafluoroethylene (PTFE) Market

5 Industry Overview of Global Polytetrafluoroethylene (PTFE) Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Polytetrafluoroethylene (PTFE) Market, by Form

7.1 Introduction

7.2 Granular/Molded Powder

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Fine Powder

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Dispersion

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.5 Micronized Powder

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Polytetrafluoroethylene (PTFE) Market, by Application

8.1 Introduction

8.2 Chemical & Industrial Processing

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Automotive

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Pharmaceuticals

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Aerospace

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

8.6 Electrical and Electronics

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, by Region, 2020–2027

8.7 Building and Construction

8.7.1 Market Estimates & Forecast, 2020–2027

8.7.2 Market Estimates & Forecast, by Region, 2020–2027

8.8 Consumer Goods

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, by Region, 2020–2027

8.9 Others

8.9.1 Market Estimates & Forecast, 2020–2027

8.9.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Polytetrafluoroethylene (PTFE) Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Form, 2020–2027

9.2.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.4 U.S.

9.2.4.1 Market Estimates & Forecast, 2020–2027

9.2.4.2 Market Estimates & Forecast, by Form, 2020–2027

9.2.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Form, 2020–2027

9.2.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Form, 2020–2027

9.3.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020–2027

9.3.4.2 Market Estimates & Forecast, by Form, 2020–2027

9.3.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Form, 2020–2027

9.3.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Form, 2020–2027

9.3.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Form, 2020–2027

9.3.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.8 U.K.

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Form, 2020–2027

9.3.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Form, 2020–2027

9.3.9.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Form, 2020–2027

9.3.10.3 Market Estimates & Forecast, by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Form, 2020–2027

9.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Form, 2020–2027

9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Form, 2020–2027

9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.6 Japan

9.4.5.1 Market Estimates & Forecast, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Form, 2020–2027

9.4.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Form, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Form, 2020–2027

9.4.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Form, 2020–2027

9.4.9.3 Market Estimates & Forecast, by Application, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Form, 2020–2027

9.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020–2027

9.5.4.2 Market Estimates & Forecast, by Form, 2020–2027

9.5.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Form, 2020–2027

9.5.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Form, 2020–2027

9.5.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Form, 2020–2027

9.5.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast, by Form, 2020–2027

9.5.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Form, 2020–2027

9.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020–2027

9.6.4.2 Market Estimates & Forecast, by Form, 2020–2027

9.6.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast, by Form, 2020–2027

9.6.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Form, 2020–2027

9.6.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast, by Form, 2020–2027

9.6.7.3 Market Estimates & Forecast, by Application, 2020–2027

10. Company Landscape

11. Company Profiles

11.1 The Chemours Company

11.1.1 Company Overview

11.1.2 Form/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Daikin Industries

11.2.1 Company Overview

11.2.2 Form/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Asahi Glass Company

11.3.1 Company Overview

11.3.2 Form/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Solvay

11.4.1 Company Overview

11.4.2 Form/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 3M

11.5.1 Company Overview

11.5.2 Form/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Halopolymer

11.6.1 Company Overview

11.6.2 Form/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 DowDupont

11.7.1 Company Overview

11.7.2 Form/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.7 Solexis SA

11.8.1 Company Overview

11.8.2 Form/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.8 China Haohua Chemical Group

11.8.1 Company Overview

11.8.2 Form/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Hubei Everflon Polymer CO., Ltd

11.9.1 Company Overview

11.9.2 Form/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population in Major Region (2020–2030)

Table 2 Global Polytetrafluoroethylene (PTFE) Market, by Region, 2020–2027

Table 3 North America: Polytetrafluoroethylene (PTFE) Market, by Country, 2020–2027

Table 4 Europe: Polytetrafluoroethylene (PTFE) Market, by Country, 2020–2027

Table 5 Asia-Pacific: Polytetrafluoroethylene (PTFE) Market, by Country, 2020–2027

Table 7 Middle East & Africa: Polytetrafluoroethylene (PTFE) Market, by Country, 2020–2027

Table 6 Latin America: Polytetrafluoroethylene (PTFE) Market, by Country, 2020–2027

Table 8 Global Polytetrafluoroethylene (PTFE) by Form Market, by Region, 2020–2027

Table 9 North America: Polytetrafluoroethylene (PTFE) by Form Market, by Country, 2020–2027

Table 10 Europe: Polytetrafluoroethylene (PTFE) by Form Market, by Country, 2020–2027

Table11 Asia-Pacific: Polytetrafluoroethylene (PTFE) by Form Market, by Country, 2020–2027

Table13 Middle East & Africa: Polytetrafluoroethylene (PTFE) by Form Market, by Country, 2020–2027

Table12 Latin America: Polytetrafluoroethylene (PTFE) by Form Market, by Country, 2020–2027

Table14 North America: Polytetrafluoroethylene (PTFE) for Application Market, by Country, 2020–2027

Table13 Europe: Polytetrafluoroethylene (PTFE) for Application Market, by Country, 2020–2027

Table14 Asia-Pacific: Polytetrafluoroethylene (PTFE) for Application Market, by Country, 2020–2027

Table16 Middle East & Africa: Polytetrafluoroethylene (PTFE) for Application Market, by Country, 2020–2027

Table15 Latin America: Polytetrafluoroethylene (PTFE) for Application Market, by Country, 2020–2027

Table23 Global Form Market, by Region, 2020–2027

Table24 Global Application Market, by Region, 2020–2027

Table25 North America: Polytetrafluoroethylene (PTFE) Market, by Country, 2020–2027

Table26 North America: Polytetrafluoroethylene (PTFE) Market, by Form, 2020–2027

Table27 North America: Polytetrafluoroethylene (PTFE) Market, by Application, 2020–2027

Table28 Europe: Polytetrafluoroethylene (PTFE) Market, by Country, 2020–2027

Table29 Europe: Polytetrafluoroethylene (PTFE) Market, by Form, 2020–2027

Table30 Europe: Polytetrafluoroethylene (PTFE) Market, by Application, 2020–2027

Table31 Asia-Pacific: Polytetrafluoroethylene (PTFE) Market, by Country, 2020–2027

Table32 Asia-Pacific: Polytetrafluoroethylene (PTFE) Market, by Form, 2020–2027

Table33 Asia-Pacific: Polytetrafluoroethylene (PTFE) Market, by Application, 2020–2027

Table36 Middle East & Africa: Polytetrafluoroethylene (PTFE) Market, by Country, 2020–2027

Table37 Middle East & Africa Polytetrafluoroethylene (PTFE) Market, by Form, 2020–2027

Table33 Middle East & Africa: Polytetrafluoroethylene (PTFE) Market, by Application, 2020–2027

Table34 Latin America: Polytetrafluoroethylene (PTFE) Market, by Country, 2020–2027

Table35 Latin America Polytetrafluoroethylene (PTFE) Market, by Form, 2020–2027

Table33 Latin America: Polytetrafluoroethylene (PTFE) Market, by Application, 2020–2027

LIST OF FIGURES

FIGURE 1 Global Polytetrafluoroethylene (PTFE) Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Polytetrafluoroethylene (PTFE) Market

FIGURE 4 Value Chain of Global Polytetrafluoroethylene (PTFE) Market

FIGURE 5 Share of Global Polytetrafluoroethylene (PTFE) Market in 2020, by Country (in %)

FIGURE 6 Global Polytetrafluoroethylene (PTFE) Market, 2020–2027

FIGURE 7 Sub-Segments of Form, 2020

FIGURE 8 Global Polytetrafluoroethylene (PTFE) Market Size, by Form, 2020

FIGURE 9 Share of Global Polytetrafluoroethylene (PTFE) Market, by Form, 2020–2027

FIGURE 10 Sub-Segments of Application

FIGURE 11 Global Polytetrafluoroethylene (PTFE) Market Size, by Application, 2020

FIGURE 12 Share of Global Polytetrafluoroethylene (PTFE) Market, by Application, 2020–2027

Polytetrafluoroethylene (PTFE) Market

Polytetrafluoroethylene (PTFE) Market is projected to be worth USD 1.87 Billion by 2030, registering a CAGR of 5.4% during the forecast period (2021 - 2030).

$1.87 Billion

Market Size


5.4%

CAGR


Asia Pacific

Dominating Region

2021-2030

Forecast Period

Segmentation

By Form Granular/Molded Powder Fine Powder Dispersion
By Application Chemical And Industrial Processing Aerospace Automotive Others

Key Players

  • The Chemours Company
  • Daikin Industries
  • Asahi Glass Company
  • Solvay
  • 3M
  • Halopolymer
  • Dow
  • Dupont
  • Solexis SA
  • China Haohua Chemical Group
  • Hubei Everflon Polymer CO. Ltd

Drivers

  • demand from the chemical and industrial processing and automotive industries
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Polytetrafluoroethylene (PTFE) Market Overview:


The polytetrafluoroethylene (PTFE) market is very lucrative and is mainly driven by the demand from the chemical and industrial processing and automotive industries. According to MRFR analysis, the global market is expected to register a CAGR of over 6% during the forecast period. 

Polytetrafluoroethylene (PTFE) is a fluorocarbon solid that is formed by the process of polymerization of the monomer tetrafluoroethylene (TFE). PTFE is non-reactive and, hence, is extensively used in pipe works and containers for corrosive and reactive chemicals. It is also used as a lubricant owing to its ability to reduce wear and fuel consumption in machinery and as graft material in the healthcare industry. PTFE possess excellent properties such as chemical inertness, excellent resistance to heat, low frictional coefficient, and optimum dielectric properties which paves the way for its application in several industries. The major end-use applications of PTFE include chemical and industrial processing, pharmaceuticals, automotive, aerospace, electrical and electronics, and building and construction. The global polytetrafluoroethylene (PTFE) market is very lucrative and is mainly driven by the demand from the chemical and industrial processing and automotive industries. According to MRFR analysis, the global market is expected to register a CAGR of over 6% during the forecast period. The global market has been segmented on the basis of form, application, and region. On the basis of form, the granular/molded powder segment was the largest in 2017 and is expected to remain so during the forecast period. The cost-competitive nature of granular PTFE along with the ease of production is accountable for the growth of the segment. Moreover, granular PTFE offers excellent properties such as high thermal resistance, water repellency, and enhanced chemical resistance, making it ideal for the manufacturing of rods, gaskets, plates, seals, pistons, valves, and expansion joints among others. On the basis of application, the chemical and industrial processing segment is expected to be dominant during the forecast period. PTFE is widely used to form films, coatings, and components and machinery in the chemical and industrial processing sector.


Key Players


Some of the key players in the global polytetrafluoroethylene (PTFE) market are The Chemours Company (U.S.), Daikin Industries (Japan), Asahi Glass Company (Japan), Solvay (Belgium), 3M (U.S.), Halopolymer (Russia), DowDupont (U.S., Solexis SA (Switzerland), China Haohua Chemical Group (China), and Hubei Everflon Polymer CO., Ltd (China).


Polytetrafluoroethylene (PTFE) Market Share, by Product, 2017 (%)


 Polytetrafluoroethylene (PTFE) Market Share


Regional Analysis


The global polytetrafluoroethylene (PTFE) market has been segmented, by region, into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest-growing regional market. Increasing automobile production in the region is acting as a major driver for the growth of the market. PTFE is extensively used in automobiles, replacing metal, due to its light weight which, in turn, improves the fuel efficiency of vehicles. Additionally, rapid industrialization, mainly in China, India, and Japan, is further driving the demand for PTFE in chemical and industrial processing applications.


North America was the largest market in 2017 and is expected to maintain its dominance during the review period. The presence of developed aerospace and automobile industries contributes substantially to the growth of the market mainly in the U.S. and Canada. Moreover, the growing adoption of PTFE in the pharmaceuticals, healthcare, and electrical and electronic industries is fueling market demand. The European market is expected to closely follow the North American market during the review period. The developed automobile and healthcare industries in the region are substantially contributing to the growth of the market.

Recent Development

July 2021-Terumo Medical Corporation (TMC) introduces AZUR Vascular Plug, which is the first ever plug that is compatible with a microcatheter for occluding arteries up to a diameter of 8mm. this latest addition to the company’s extensive embolization range is indicated for applications in reduction and blocking of the blood flow rate in arteries present inside the peripheral vasculature.
This device comes with a polytetrafluoroethylene (ePTFE) as well as polyethylene terephthalate (PET) inner composite membrane that assist in smoother mechanical occlusion.

November 2021-Parker Hannifin, the world-renowned developer of motion & control technologies, unveils 2030T-V70CON convoluted PTFE hose, supplied by the Polymer Hose Division Europe. This product is suitable for a vast series of demanding use-cases, including those that involve high pressure, aggressive media, high temperature, mechanical stress, UV, and corrosion. The PTFE hose type is a combination of innovative design and advanced optimized materials.


Segmentation


The global polytetrafluoroethylene (PTFE) market has been segmented by form, application, and region. On the basis of form, the market has been segregated into granular/molded powder, fine powder, dispersion, and micronized powder. On the basis of application, the market has been further segregated into chemical and industrial processing, automotive, aerospace, pharmaceuticals electrical and electronics, building and construction, consumer goods, and others. Based on region, the market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


Intended Audience



  • PTFE manufacturers

  • Traders and distributors of PTFE materials

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories

Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   6% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Form, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   polytetrafluoroethylene (PTFE) market are The Chemours Company (U.S.), Daikin Industries (Japan), Asahi Glass Company (Japan), Solvay (Belgium), 3M (U.S.), Halopolymer (Russia), DowDupont (U.S., Solexis SA (Switzerland), China Haohua Chemical Group (China), and Hubei Everflon Polymer CO., Ltd (China)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   demand from the chemical and industrial processing and automotive industries


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Frequently Asked Questions (FAQ) :

The global PTFE market is expected to exhibit a CAGR over 6% from 2018 to 2023.

Properties of PTFE such as heat resistance, low frictional coefficient, and chemical inertness can drive the global PTFE market demand till 2023.

By ‘form’, the granular/molded powder segment can dominate the global PTFE market till 2023.

The APAC region can dominate the global PTFE market due to the large production rate of automobiles.

Solvay, Halopolymer, Solexis SA, Daikin Industries, 3M, The Chemours Company, Hubei Everflon Polymer CO., Ltd, Asahi Glass Company, China Haohua Chemical Group, and DowDupont are key players of the global PTFE market.