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Written by domon » Updated on: November 05th, 2024
The Global Polytetrafluoroethylene market is anticipated to expand significantly through 2028 due to the increasing demand from the chemical and industrial processing industry. In 2021, the production volume of the chemical industry in Europe was expected to increase by around 3.1%.
Global Polytetrafluoroethylene (PTFE) market is expected to expand during the projected period due to increasing demand from the chemical and industrial processing industry as it offers improved strength against harsh substances. Polytetrafluoroethylene (PTFE) is a synthetic resin produced after the polymerization of tetrafluoroethylene and has properties such as superior chemical resistance, tough, non-flammable and producing a waxy surface finish. Rising demand for non-stick kitchenware like pans, baking trays, and industrial goods with a non-stick coating result in increasing demand of polytetrafluoroethylene.
For instance, WEILBURGER produces GREBLON PTFE coatings for pans, waffle irons, baking pans, and secateurs.
In addition, belts and conveyors made with polytetrafluoroethylene (PTFE) coatings are used in cooking and food processing for mass-produced foods such as eggs, bacon, sausage, chicken, and hamburgers.
For instance, Ammeraal Beltech’s PTFE belts are the smart solution for a wide variety of baking and freezing applications.
Along with this, expanding uses of PTFE in the electrical & electronics, automobile & aerospace industries drive the growth of Global Polytetrafluoroethylene (PTFE) market in the projected period.
Furthermore, advancements in PTFE manufacturing technologies have enabled the development of new and innovative PTFE products with improved properties and performance. These advancements include the use of advanced manufacturing techniques such as extrusion, compression molding, and sintering, which have led to the production of PTFE materials with higher strength and improved flexibility. This, in turn, is expected to create huge prospects for market growth in the upcoming years.
For pump interiors, rings, dip tubes, gaskets, rings, spacers, vessel linings, seals, and washers in the chemical and industrial processing sector, PTFE is the choice. Nearly all bases and acids do not affect PTFE and can operate in harsh conditions. It is, therefore, commonly utilized in this sector. The chemical industry also uses coatings for autoclaves, impellers, pumps, reaction vessels, containers, diaphragms, and other equipment.
For instance, Chemours Company produces PTFE (polytetrafluoroethylene) resins to line tanks and containers, as well as returnable drums, that store and dispense ultra-pure and aggressive chemical fluids.
Another important market for PTFE coatings is the petroleum and gas sector. The most demanding uses for polymeric materials are exploring oil and gas and recovery. Premium, high-performance grades are necessary due to the temperature and pressure, the corrosive chemicals present, and the working life required of such materials. Another advantage it provides to the production and processing sector is the facilitation of the machinery’s seamless operation, reducing the time needed for downtime. Moreover, PTFE is coated on the surface of pipelines and many equipment that are used in the petroleum & gas sector as this coating provides high corrosion resistance, high chemical resistance, anti-galling properties, low coefficient of friction, and UV protection.
For instance, Solvay produces Polymist and Algoflon L PTFE micronized powders that can enhance some properties of the host material also help to resist the effects of hostile processing conditions.
Additionally, PTFE is used in various applications such as fuel hoses, brake systems, aircraft fuel systems, hydraulic systems, electrical insulation, and electrical components. The increasing demand for lightweight and fuel-efficient vehicles, as well as high-performance materials, increases the demand for PTFE due to their unique properties such as high thermal stability, chemical resistance, low coefficient of friction, low dielectric constant and inflammability and non-stick properties make it an ideal material for the automotive & aerospace industries.
For instance, Polyfluor Plastics produces PTFE (polytetrafluorethylene) which is used in aviation and aerospace industry.
All these factors are anticipated to the substantial growth of Global Polytetrafluoroethylene (PTFE) market in the forecast years.
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Because it is biocompatible and chemically inert, PTFE is used in medical applications because it prevents any adverse responses when it comes into touch with the body. This property is referred to as inertness. Additionally, it is neither harmed by medicinal fluids or wetted by biological liquids nor chemically transformed by them. PTFE, which offers properties like lubricity & biocompatibility, especially for membranes and grafts, is one of the most widely utilized materials in the healthcare industry. Peripheral vascular grafts, plastic surgery, orthopedics, ophthalmology, and dental treatments are other uses of PTFE’s exceptional properties in the healthcare industry. The use of PTFE in the healthcare industry is growing in both the developing & developed countries. Therefore, increasing demand of polytetrafluoroethylene (PTFE) from the healthcare industry for various application dominate the growth of Global Polytetrafluoroethylene (PTFE) market in the projected period.
For instance, Mitsubishi Gas Chemical (MGC) will use a PTFE stopper coated with little silicone oil and a polypropylene plunger rod in its Oxycapt syringe from May 2022.
As a result of its consistent ability to tolerate temperatures of up to 533.15 Kelvin, PTFE is utilized in the construction of solar panels. It is resistant to weather, powerful against heat and cold, and has high light and UV resistance. Due to its extremely durable qualities in various weather and exposure, PTFE is the primary material used by solar panel makers.
For instance, for the lamination process of solar panels, Smartech offers glass sheet PTFE materials that give durability and resilience to corrosion, water, changing temperatures & chemicals.
In addition, W. L. Gore & Associates, a global materials science company with its U.S. headquarters in Newark, Delaware, is one of the leading suppliers of membrane electrode assemblies (MEAs) and produces items derived from fluoropolymers mainly Polytetrafluoroethylene and helps to initiate the electrochemical reaction required to separate electrons in fuel cells. Therefore, the increasing demand for polytetrafluoroethylene led to the growth of Global Polytetrafluoroethylene (PTFE) market in the projected years.
However, PTFE is a synthetic polymer that does not biodegrade and is not recyclable, and its production and disposal can have negative impacts on the environment. The manufacturing process of PTFE involves the use of hazardous chemicals that can have adverse effects on the environment and human health.
In addition, governments around the world have imposed strict regulations on the use of PTFE due to its potential adverse effects on the environment and human health which restrain the growth of the market. Moreover, the price of raw materials used in the production of PTFE, such as fluorine and tetrafluoroethylene, is subject to instability due to factors such as supply and demand, geopolitical issues, and natural disasters.
This instability can have a significant impact on the cost of PTFE production and the prices of PTFE products. Growing usage of reprocessed PTFE since it modifies the resin’s important qualities as porosity is introduced into the material, causing problems with water absorption and dielectric strength poses a threat to the market growth.
Along with this, increasing the availability of alternative materials that offer similar or better performance characteristics at a lower cost in various applications, for example, materials such as rubber and plastic provide competition to PTFE in the automobile industry, similarly, materials such as silicone and epoxy provide competition to PTFE in the electronics industry poses a significant challenge in the market growth.
For instance, in Europe, PTFE is classified as a persistent organic pollutant (POP) and is subject to strict regulations under the Stockholm Convention.
Global Polytetrafluoroethylene (PTFE) Market is segmented based on form, end-use industry, and region. Based on the form, the market is categorized into granular, fine powder, aqueous dispersion, and micronized powder. Based on the end-use industry, the market is segmented into automotive & aerospace, chemical & industrial processing, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa, By Company.
3M Co., Solvay S.A., AGC Inc., Standard Fluoromers Pvt. Ltd., Vandit Polycraft Pvt. Ltd., Dongyue Group, Gujarat Fluorochemicals Limited, HaloPolymer OJSC, Jiangsu Meilan Chemical Co., Ltd., Chemours Co. are some of the key players of Global Polytetrafluoroethylene (PTFE) Market.
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1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Form (Granular, Fine Powder, Aqueous Dispersion, Micronized Powder)
5.2.2. By End Use Industry (Automotive & Aerospace, Chemical & Industrial Processing, Others)
5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.4. By Company (2022)
5.3. Market Map
5.3.1. By Form
5.3.2. By End Use Industry
5.3.3. By Region
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Form
6.2.2. By End Use Industry
6.2.3. By Country
6.3. Pricing Analysis
6.4. North America: Country Analysis
6.4.1. United States Polytetrafluoroethylene (PTFE) Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Form
6.4.1.2.2. By End Use Industry
6.4.2. Mexico Polytetrafluoroethylene (PTFE) Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Form
6.4.2.2.2. By End Use Industry
6.4.3. Canada Polytetrafluoroethylene (PTFE) Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Form
6.4.3.2.2. By End Use Industry
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