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Report
Polytetrafluoroethylene (PTFE) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-09-04 I 145 Pages I IMARC Group
Market Overview:
The global polytetrafluoroethylene (PTFE) market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
Polytetrafluoroethylene (PTFE) refers to a tough, waxy and non-flammable synthetic resin that consists of carbon and fluorine atoms. It is manufactured through the free-radical polymerization process of chloroform, fluorspar and hydrochloric acid. PTFE is usually used to give a non-stick coating to surfaces, especially cookware, such as pans and baking trays and industrial products. It is commonly available in granular, powder and micronized forms and exhibits various physical properties, including resistance to chemicals, heat, ultraviolet (UV) rays and fatigue, along with low water absorption and high electrical insulation. Owing to these benefits, it finds extensive applications across various industries, including oil and gas, chemical processing, electrical, automotive and construction.
Significant growth in the chemical and industrial processing sectors is one of the key factors driving the growth of the market. PTFE is extensively utilized to manufacture industrial products, such as gaskets, vessel linings, pump interiors, rings, seals and well-drilling equipment. Furthermore, PTFE is also used for improving the overall functioning and minimizing the downtime of these machines and automotive components, thereby enhancing its utilization across industries. In line with this, PTFE also finds applications in the oil and gas exploratory activities, owing to its high resistance to harsh chemicals, acids and caustic. The growing medical industry across the globe is acting as another growth-inducing factor. There is an increasing preference among medical practitioners for various membranes and grafts manufactured using biocompatible PTFE for cardiovascular, orthopaedic, ophthalmic and dental procedures. This, along with the development of reprocessed PTFE with higher compressive strength and durability, is projected to drive the market further in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polytetrafluoroethylene (PTFE) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on form, type, application and end-use industry.
Breakup by Form:
Granular
Micro Powder
Fine Powder
Others
Breakup by Type:
Virgin PTFE
Stainless Steel Filled PTFE
Carbon Filled PTFE
Bronze Filled PTFE
Glass Filled PTFE
Others
Breakup by Application:
Sheet
Coatings
Pipes
Films
Others
Breakup by End-Use Industry:
Industrial & Chemical Processing
Electrical & Electronics
Automotive
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also 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, Zhejiang Juhua Co. Ltd, etc.
Key Questions Answered in This Report:
How has the global polytetrafluoroethylene market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global polytetrafluoroethylene market?
What is the breakup of the market based on the form?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global polytetrafluoroethylene market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Polytetrafluoroethylene Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Form
6.1 Granular
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Micro Powder
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fine Powder
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Type
7.1 Virgin PTFE
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Stainless Steel Filled PTFE
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Carbon Filled PTFE
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Bronze Filled PTFE
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Glass Filled PTFE
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Application
8.1 Sheet
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Coatings
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Pipes
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Films
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End-Use Industry
9.1 Industrial & Chemical Processing
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Electrical & Electronics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Automotive
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AGC INC
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Zhonghao Chenguang Research Institute
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Daikin Industries Ltd.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Dongyue Group
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Gujarat Fluorochemicals Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Halopolymer OJSC
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Jiangsu Meilan Chemical Co. Ltd
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Shanghai 3F New Material Co. Ltd
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Solvay SA
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 The 3M Company
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 The Chemours Company
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Zhejiang Juhua Co. Ltd
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
Figure 1: Global: Polytetrafluoroethylene Market: Major Drivers and Challenges
Figure 2: Global: Polytetrafluoroethylene Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Polytetrafluoroethylene Market: Breakup by Form (in %), 2022
Figure 4: Global: Polytetrafluoroethylene Market: Breakup by Type (in %), 2022
Figure 5: Global: Polytetrafluoroethylene Market: Breakup by Application (in %), 2022
Figure 6: Global: Polytetrafluoroethylene Market: Breakup by End-Use Industry (in %), 2022
Figure 7: Global: Polytetrafluoroethylene Market: Breakup by Region (in %), 2022
Figure 8: Global: Polytetrafluoroethylene Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Polytetrafluoroethylene (Granular) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Polytetrafluoroethylene (Granular) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Polytetrafluoroethylene (Micro Powder) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Polytetrafluoroethylene (Micro Powder) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Polytetrafluoroethylene (Fine Powder) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Polytetrafluoroethylene (Fine Powder) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Polytetrafluoroethylene (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Polytetrafluoroethylene (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Polytetrafluoroethylene (Virgin PTFE) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Polytetrafluoroethylene (Virgin PTFE) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Polytetrafluoroethylene (Stainless Steel Filled PTFE) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Polytetrafluoroethylene (Stainless Steel Filled PTFE) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Polytetrafluoroethylene (Carbon Filled PTFE) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Polytetrafluoroethylene (Carbon Filled PTFE) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Polytetrafluoroethylene (Bronze Filled PTFE) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Polytetrafluoroethylene (Bronze Filled PTFE) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Polytetrafluoroethylene (Glass Filled PTFE) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Polytetrafluoroethylene (Glass Filled PTFE) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Polytetrafluoroethylene (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Polytetrafluoroethylene (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Polytetrafluoroethylene (Sheet) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Polytetrafluoroethylene (Sheet) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Polytetrafluoroethylene (Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Polytetrafluoroethylene (Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Polytetrafluoroethylene (Pipes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Polytetrafluoroethylene (Pipes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Polytetrafluoroethylene (Films) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Polytetrafluoroethylene (Films) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Polytetrafluoroethylene (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Polytetrafluoroethylene (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Polytetrafluoroethylene (Industrial & Chemical Processing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Polytetrafluoroethylene (Industrial & Chemical Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Polytetrafluoroethylene (Electrical & Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Polytetrafluoroethylene (Electrical & Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Polytetrafluoroethylene (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Polytetrafluoroethylene (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Polytetrafluoroethylene (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Polytetrafluoroethylene (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: North America: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: North America: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United States: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United States: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Canada: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Canada: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia Pacific: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Asia Pacific: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: China: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: China: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Japan: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Japan: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: India: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: India: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: South Korea: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: South Korea: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Australia: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Australia: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Indonesia: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Indonesia: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Europe: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Europe: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Germany: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Germany: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: France: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: France: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: United Kingdom: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: United Kingdom: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Italy: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Italy: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Spain: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Spain: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Russia: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Russia: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Latin America: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Latin America: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Brazil: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Brazil: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Mexico: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Mexico: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Middle East and Africa: Polytetrafluoroethylene Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Middle East and Africa: Polytetrafluoroethylene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Global: Polytetrafluoroethylene Industry: SWOT Analysis
Figure 96: Global: Polytetrafluoroethylene Industry: Value Chain Analysis
Figure 97: Global: Polytetrafluoroethylene Industry: Porters Five Forces Analysis
Table 1: Global: Polytetrafluoroethylene Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Polytetrafluoroethylene Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 3: Global: Polytetrafluoroethylene Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Polytetrafluoroethylene Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Polytetrafluoroethylene Market Forecast: Breakup by End-Use Industry (in Million US$), 2023-2028
Table 6: Global: Polytetrafluoroethylene Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Polytetrafluoroethylene Market: Competitive Structure
Table 8: Global: Polytetrafluoroethylene Market: Key Players
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