Polytetrafluoroethylene Market Size, Growth Opportunities, Revenue Share Analysis, and Forecast To 2028


Posted August 17, 2022 by reportsanddata1234

The global Polytetrafluoroethylene Market is expected to reach USD 4.99 Billion by 2028, according to a new report by Reports and Data.

 
The global Polytetrafluoroethylene Market is expected to reach USD 4.99 Billion by 2028, according to a new report by Reports and Data. Polytetrafluoroethylene is a synthetic fluoropolymer of tetrafluoroethylene with an extensive variety of uses. It is a robust, tough, waxy, non-flammable synthetic resin manufactured by the process of polymerization of tetrafluoroethylene. It is distinguished by its typical characteristics like resistance to chemicals, greasy surface, and high melting point.

The market demand is forecasted to be driven by a rise in demand for better efficiency and emission control in the transportation and automotive sector. These sectors seek the application of polytetrafluoroethylene which provides various benefits like low frictional coefficient, high electrical resistance, heat resistance, and chemical inertness among others.

PTFE is known to be one of the most excellent insulators. In thin sections, PTFE will insulate to 500 volts/mil. There are certain grades of PTFE that have even greater dielectric strength. PTFE is often used in cable and wire wrap, and as the separator for conductive surfaces in capacitors. Thickly walled, close-tolerance extruded tubing is the most sought after PTFE shape where machining or drilling long lengths to close tolerances is impossible. PTFE can be machined into standoff insulators and several different types of high voltage encapsulation devices for electrical components.

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Further key findings from the report suggest

Granular product form is estimated to capture the largest market share with a CAGR of 5.2% during the forecast period, due to the extensive use of granular polytetrafluoroethylene in molding and stock shaping applications.
Chemical and Industrial sectors are projected to lead the market throughout the forecast period due to the various application in the industrial sector such as processing of gaskets, washers, and interiors of pumps among others. The chemical inertness of PTFE makes it a suitable component in various application in chemical sector.
Asia Pacific is expected to occupy the largest market share during the forecast period with a growth rate of 5.2%. This is chiefly because of the growth of end-user sectors such as automotive, transportation, chemical, and healthcare. Chemical is estimated to give a significant boost to the market.
Key participants include 3M, Asahi Glass Co. Ltd., Gujarat Fluorochemicals Ltd., Solvay SA, Daikin Industries, Shanghai 3f New Material Co. Ltd., Dongyue, Chemours, Halopolymers Ojsc and Zhejiang Juhua among others.
On December 2016, 3M, a leading company in the market, developed a new patent-pending technology for 3D printing fluoropolymers.
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Product Form Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

Granular
Fine Powder
Micronized powder
Aqueous Dispersions
PTFE Grade Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

Virgin PTFE
Glass Filled PTFE
Bronze Filled PTFE
Carbon Filled PTFE
Stainless Steel Filled PTFE
Application Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

Sheet & Film
Industrial Coatings
Teflon Coating & Non-Stick Wear
PTFE Powder
Others
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Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Polytetrafluoroethylene Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Polytetrafluoroethylene Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Polytetrafluoroethylene Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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Issued By Reports And Data
Country United States
Categories Business
Last Updated August 17, 2022