Global PTFE Market Demand Augmenting in Automotive Industry

Owing to the unique properties of polytetrafluoroethylene (PTEE), it is in demand in the industries such as construction and chemical. Due to its numerous useful properties such as high heating point, excellent insulation, and stability at low temperatures, it has gained an augmented demand in other sectors too which is significantly adding up to the revenues generated in the polytetrafluoroethylene market. The analyst of IndustryARC has valued the market at $3,245 million as of 2018, and the demand for polytetrafluoroethylene is projected to grow at a healthy compound annual growth rate (CAGR) of 5.47% during the forecast period of 2019 to 2025.

 

The IndustryARC report is titled “Polytetrafluoroethylene (PTFE) Market: By Type (PTFE, FEP, PFA, ETFE); Property Type (Not Sticky, Heat Resistance, Wear Resistance, Corrosion Resistance); Coating Material(Fine, Micronized Granular, Aqueous Dispersion) & By Industry - Forecast 2019 – 2025.”

Polytetrafluoroethylene is a synthetic fluoropolymer which is produced by free-radical polymerization, and it is a thermoplastic polymer in nature. One of the most important applications of PTFE is the wiring in aerospace and computer application. It is widely used in the production of carbon fiber composites and fiberglass as well. Furthermore, PTFE is widely and commonly used in medical fields for the preparation of implantable medical devices as it exhibits excellent mechanical and chemical properties.

APAC holds the largest dominance in the globe in the PTFE market. Owing to the increasing demand and investment by the potential investors, APAC has been dominating the PTFE market. APAC has observed that the emerging countries such as China, India, South Korea, and Japan have contributed to the growth of the PTFE market. These countries help in generating regional revenue due to heavy demand from the chemical, electronic and electrical devices, automobiles, and industrial products. APAC had a regional share of 45% which is equivalent to almost the total contribution of the rest of the world (RoW). However, the application segment in the electric and electronic industry is expected to grow at a CAGR of 7% during the forecast period of 2019 to 2025.

PTFE is widely used in the automobile and transportation industry. They play a very vital role in automobile manufacturing, as they possess the properties that can be exposed to high temperature. There is a high demand of UHMW-PE, POM, PA, PEEK, and PTFE, and this augmented demand drive the growth of the PTFE market.

PTFE is used majorly in the chemical and industrial sector in the form of coatings, liners, tubes, and gaskets in machinery and equipment. It is also used in the manufacturing of valves and pumps, shafts seals, and friction bearings, which is creating growth prospects in the Polytetrafluoroethylene market. 

As consumers are buying more electronics and electric products, the demand for PTFE is increasing. It has a tremendous ability to insulate to 500 volts per mil. PTFE wires are found in almost every high-technology machinery. Due to this, the PTF market is growing at a significant pace.

PTFE helps to avoid the biggest challenges that are faced in the oil and gas industry. It has the ability to protect important instrumentation from extreme temperatures, pressure, and corrosive chemicals.

When the medical devices require a smooth coating which is thin and precise, PTFE is being used as it provides good coverage and protection to the devices. The insulated PTFE wires are being used in medical applications often than any other.

 

Some of the key companies identified in the report that are currently holding majority shares in the global polytetrafluoroethylene market are Daikin, Chemours, 3M Company, Solvay, DowDupont, AGC Chemicals, Arkema, Kureha Corporation, Saint Gobain, Gujarat, and Fluorochemicals Limited.

What can you expect from the report?

The polytetrafluoroethylene market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data            12. Country level Analysis

3. Manufacturer Landscape            13. Competitor Analysis

4. Distributor Landscape            14. Market Shares Analysis

5. Pricing Analysis            15. Value Chain Analysis

6. Top 10 End user Analysis            16. Supply Chain Analysis

7. Product Benchmarking            17. Strategic Analysis

8. Product Developments            18. Current & Future Market Landscape Analysis

9. Mergers & Acquisition Analysis             19. Opportunity Analysis

10. Patent Analysis              20. Revenue and Volume Analysis

Frequently Asked Questions:

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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services. 

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.