Polytetrafluoroethylene (PTFE) Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Form (Granular, Fine Powder, Aqueous Dispersion, Micronized Powder), By End Use Industry (Automotive & Aerospace, Chemical & Industrial Processing, Others), By Region and Competition 2018-2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPolytetrafluoroethylene (PTFE) Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Form (Granular, Fine Powder, Aqueous Dispersion, Micronized Powder), By End Use Industry (Automotive & Aerospace, Chemical & Industrial Processing, Others), By Region and Competition 2018-2028
In 2021, the production volume of the chemical industry in Europe was expected to increase by around 3.1%.
Global
For instance, WEILBURGER produces GREBLON PTFE coatings for pans, waffle irons, baking pans, and secateurs.
In addition,
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
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.
Growing Demand from the Chemical and Industrial Processing Industry
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
Download Free Sample Report Rising Adoption from Pharmaceutical Industry
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.
Growing Application on Solar Segment & Fuel Cell Sector
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
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 launched 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.
Recent Developments
- In October
2022, Porvair Sciences developed a range of Vyon PTFE porous plastic materials
for applications where temperature or chemical resistance is essential.
- The
international coatings division of Bayer, which operates out of Méréville,
France, and engages in tolling operations in the United States and Brazil, was
bought by Solvay in July 2021.
- To
develop a new mining operation in Wayne County, The Chemours Firm committed USD
86 million to buy a Georgia-based company in September 2020.
- An
Italian producer of fluoropolymer compounds named Heroflon S.p.A. has agreed to
be purchased by Daikin Industries, Ltd in August 2017.
Market Segmentation
Global Polytetrafluoroethylene (PTFE) Market
Market Players
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.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue
in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
|
Report
coverage |
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
covered |
Form End Use
Industry |
|
Regional
scope |
North
America, Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United
States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China,
India, South Korea, Japan, Vietnam, Brazil, Argentina, South Africa, Saudi
Arabia, UAE |
|
Key companies
profiled |
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. |
|
Customization
scope |
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and
purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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