Please Wait.....
Report
Polytetrafluoroethylene (Ptfe) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 150 Pages I Mordor Intelligence
The polytetrafluoroethylene (PTFE) market size was estimated at over 156 kiloton in 2021, and the market is projected to register a CAGR of over 5% during the forecast period (2022-2027).
The market was negatively impacted by the COVID-19 outbreak in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecast to grow steadily in the future.
Key Highlights
Over the short term, the major factors driving the market's growth are the supreme chemical resistance and thermal characteristics, growing demand for non-stick cookware, and increasing applications in the electrical and electronics sector.
The chemical and industrial processing industry segment dominated the market, and it is expected to continue its dominance during the forecast period.
The growing healthcare applications are expected to provide opportunities for the studied market during the forecast period.
Asia-Pacific dominated the market across the world. The share-trend is expected to remain the same during the forecast period, where chemical and industrial processing will still dominate the market in terms of volume.
Polytetrafluoroethylene Market Trends
Chemical and Industrial Processing Industry Segment to Dominate the Market Demand
In the chemical and industrial processing industry, PTFE is the material of choice for gaskets, vessel linings, pump interiors, washers, rings, seals, spacers, dip tubes, and well-drilling components. PTFE is unaffected by virtually all acids and caustics and functions in an extreme environment. Thus, it is widely used in this industry.
Additional usage for the chemical industry includes coatings for heat exchangers, pumps, diaphragms, impellers, tanks, reaction vessels, autoclaves, containers, etc.
The oil and gas industry is also a major consumer of PTFE coatings. Oil and gas exploration and recovery demand the harshest of all applications for polymeric materials.
The demand in the global oil and gas industry has been severely affected by the COVID-19 pandemic and the volatile raw material prices.
Overall, global oil demand is expected to rise by a total of 5.7 mb/d (million barrels per day), with China and India accounting for about half of the growth through 2025. At the same time, the world's oil production capacity is expected to rise by 5.9 mb/d. Non-OPEC supply will rise by 4.5 mb/d while OPEC builds another 1.4 mb/d of crude and natural gas liquids capacity.
The temperature and pressures, the corrosive chemicals present, and the operational life, which are expected of such materials, require premium, high-performance grades.
Another benefit that it offers to the manufacturing and processing industry is the facilitation of smooth functioning of the machinery, thereby saving the time required during downtime.
The growing chemical and industrial processing industry is expected to dominate the market for PTFE through the forecast period.
Asia-Pacific to Dominate the Market
The Asia-Pacific region dominated the global market share, with China dominating the market.
China is the largest importer of oil and gas. The primary energy consumption in the country is dominated by coal. However, owing to air pollution and environmental concerns, the country is employing policies to increase the share of gas and reduce the share of coal in the total energy mix.
China's state-owned oil and gas operators, namely China National Petroleum Corp. (CNPC), China Petrochemical Corp. (Sinopec), and China National Offshore Oil Corp., monopolized the oil and gas market.
However, the new reforms are expected to make it easier for private companies to invest in the country, which, in turn, is expected to help reduce the monopoly of state-owned companies. The growing investment by the private sector is also expected to improve the oil and gas industry, thus driving the PTFE market in the country.
Furthermore, the Japanese electrical and electronics industry is one of the world's leading industries. The country is a world leader in the production of video cameras, compact discs, computers, photocopiers, fax machines, cell phones, and various other key computer components.
Hence, all such market trends are expected to drive the demand in the PTFE market during the forecast period.
Polytetrafluoroethylene Market Competitor Analysis
The polytetrafluoroethylene (PTFE) market is partially consolidated in nature. Some of the major players in the market (in no particular) include Dongyue Group, The Chemours Company, 3M, Gujarat Flurochemical Limited, and Daikin Industries Ltd.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Supreme Chemical Resistance and Thermal Characteristics
4.1.2 Growing Demand for Non-stick Cookware
4.1.3 Increasing Applications in the Electrical and Electronics Sector
4.2 Restraints
4.2.1 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Production Process Analysis
4.6 Price Analysis
4.7 Capacity Analysis
4.8 Trade Analysis
5 MARKET SEGMENTATION (Market Size by Volume)
5.1 Form
5.1.1 Granular
5.1.2 Powder
5.1.3 Dispersion
5.2 Application
5.2.1 Sheet
5.2.2 Coatings
5.2.3 Pipes
5.2.4 Films
5.2.5 Other Applications (Tubes, Tapes, Rods, etc.)
5.3 End-user Industry
5.3.1 Automotive and Transportation
5.3.2 Chemical and Industrial Processing
5.3.3 Healthcare
5.3.4 Construction
5.3.5 Cookware
5.3.6 Electrical and Electronics
5.3.7 Other End-user Industries
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 ASEAN Countries
5.4.1.6 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 France
5.4.3.4 Italy
5.4.3.5 Spain
5.4.3.6 Russia
5.4.3.7 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AGC Inc.
6.4.2 Aidmer (JiangXi Aidmer Seal & Packing Co. Ltd)
6.4.3 BEMU Fluorkunststoffe GmbH
6.4.4 3M
6.4.5 Gujarat Fluorochemicals Limited
6.4.6 HaloPolymer
6.4.7 Hindustan Fluorocarbons Ltd
6.4.8 Jiangsu Meilan Chemical Co. Ltd
6.4.9 KWO Dichtungstechnik GmbH
6.4.10 Dongyue Group
6.4.11 Shanghai 3F New Materials Co. Ltd
6.4.12 Solvay
6.4.13 The Chemours Company
6.4.14 Zhonghao Chenguang Research Institute of Chemical Industry
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Advancements in Surface Activation Methodologies of PTFE
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security