Polytetrafluoroethylene (PTFE) Films Market - Growth, Trends, and Forecast (2019 – 2024)

The Market is Segmented by Application (Film/Foil, Sheet, Membrane), End-user Industry (Medical, Electrical and Electronics, Chemicals, Pharmaceuticals, Aerospace and Defense, Automotive, and Other End-user Industries), and Geography.

Market Snapshot

Global PTFE Films Market - Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for polytetrafluoroethylene (PTFE) films is anticipated to register a CAGR of around 4.5% during the forecast period (2019-2024).

  • Increasing demand for PTFE films from aviation and chemical industries is expected to drive the demand for the market, during the forecast period.
  • Increasing usage of PTFE films in the engineering industries and OEM industries is projected to act as an opportunity for the market, in the future.
  • Asia-Pacific dominated the global market, with the largest consumption from countries, such as China, Japan, India, and ASEAN countries.

Scope of the Report

The scope of the report includes:

Application
Film/Foil
Sheet
Membrane
End-user Industry
Medical
Electrical and Electronics
Chemicals
Pharmaceuticals
Aerospace and Defense
Automotive
Other End-user Industries
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Aerospace and Defense Industry

  • Polytetrafluoroethylene (PTFE) Films are excellent insulators and possess unique thermal, mechanical, and chemical properties. PTFE films are the best substitute for Teflon, FEP, and PFA, owing to their properties and advantages.
  • The global aerospace industry is worth USD 860 billion, comprising of aircraft and engine OEM’s, aircraft system and component manufacturing, satellite and space, and civil and military MROs. The Americas alone account for 54% of the industry, followed by Europe, Middle East & Africa (31%), and Asia-Pacific (15%).
  • The US space systems grew in 2018, driven by a surge in commercial space launches and payloads. In total, 300 spacecraft were manufactured, including satellites, probes, on-orbit vehicles, and related platforms that were delivered to the US government and commercial customers.
  • China may become the world’s largest passenger aviation market by 2024. However, its aircraft are still sourced from companies around the world. The Chinese market has been a boon for companies, like Boeing, which announced a USD 37 billion sale to China, last November 2017. The company also predicts that the Chinese airlines may purchase new aircraft worth USD 1.1 trillion, by 2036.
  • Thus, with a growth in manufacturing and the number of exports of various aerospace components to different regions around the world, the consumption of high-performance film/foils in various applications is increasing, subsequently igniting the market for polytetrafluoroethylene (PTFE) films.
Global PTFE Films Market - Segmentation

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Asia-Pacific Region Expected to Dominate the Market

  • The Asia-Pacific region dominated the global market in 2018. According to the Government of India, large projects for manufacturing PTFE film-coated electronic chips, with a view to creating an ecosystem that lays the focus on high-end innovation, is likely to boost the demand for the market studied.
  • Other prominent end-user industries, such as chemical and automotive, are likely to boost the consumption of polytetrafluoroethylene (PTFE) films with upcoming projects in countries, such as China, India, and Japan.
  • Japanese manufacturers are actively developing and manufacturing civil aircraft, due to the demand led by passenger transport. Production volume has been on the rise in recent years. In the present scenario, civil aircraft manufacturing is surpassing the defense aircraft manufacturing. Japan’s total aerospace market size increased from USD 16,167 million in 2015, to USD 17,452 million in 2018.
  • South Korea is the fourth-largest electronics manufacturer, with a total output of USD 140.2 billion in 2017. Due to the surge for thin insulation in semiconductors, in the electronics industry, the output was estimated to increase by 22.1% in 2018, a 4% increase from the previous year.
  • Japan’s electronics industry, the third-largest in the world, significantly drives the demand for the sales of semiconductors in Japan.  
  • All the aforementioned factors are expected to drive the demand for \polytetrafluoroethylene (PTFE) films, during the forecast period.
Global PTFE Films Market - Regional Trends

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Competitive Landscape

The polytetrafluoroethylene (PTFE) films market is fairly consolidated, with the top five players accounting for a major chunk of the market. Key players in the market include 3M, the Chemours Company, Daikin Industries Ltd, Saint-Gobain, Nitto Denko Corporation. The other prominent players include Shandong Dongyue Group, HaloPolymer, Asahi Kasei Corporation, and Ningbo Taifno PTFE Plastic Products Corporation.

Major Players

  1. Nitto Denko Corporation
  2. 3M
  3. Saint Gobain
  4. Rogers Corporation
  5. Lenzing Plastics GmbH & Co. KG

* Complete list of players covered available in the table of contents below

Global PTFE Films Market - Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Increased Consumption in Aviation, Chemical and Other Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Market Restraints

      1. 4.2.1 Governmental Framework and Entry Constraints

      2. 4.2.2 Other Restraints

    3. 4.3 Value Chain/Supply Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Raw Material Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Film/Foil

      2. 5.1.2 Sheet

      3. 5.1.3 Membrane

    2. 5.2 End-user Industry

      1. 5.2.1 Medical

      2. 5.2.2 Electrical and Electronics

      3. 5.2.3 Chemicals

      4. 5.2.4 Pharmaceuticals

      5. 5.2.5 Aerospace and Defense

      6. 5.2.6 Automotive

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 ASEAN Countries

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 DUNMORE Corporation

      3. 6.4.3 Guarniflon SpA

      4. 6.4.4 Jiangsu Taifulong Technology Co. Ltd

      5. 6.4.5 Jiangxi Aidmer Seal and Packing Co. Ltd

      6. 6.4.6 Lenzing Plastics GmbH & Co. KG

      7. 6.4.7 Markel Corporation

      8. 6.4.8 Ningbo Taifno PTFE Plastic Products Corporation

      9. 6.4.9 Nitto Denko Corporation

      10. 6.4.10 Rogers Corporation

      11. 6.4.11 Saint-Gobain

      12. 6.4.12 Technetics Group

      13. 6.4.13 *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Engineering Film Industries

    2. 7.2 Other Opportunities

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