Polytetrafluoroethylene (PTFE) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Polytetrafluoroethylene (PTFE) Market is segmented by End User Industry (Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Polytetrafluoroethylene (PTFE) Market Size

Polytetrafluoroethylene (PTFE) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.46 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 1.92 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Industrial and Machinery
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 5.64 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Polytetrafluoroethylene (PTFE) Market Analysis

The Polytetrafluoroethylene (PTFE) Market size is estimated at 1.46 billion USD in 2024, and is expected to reach 1.92 billion USD by 2029, growing at a CAGR of 5.64% during the forecast period (2024-2029).

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1.46 Billion

Market Size in 2024 (USD)

1.92 Billion

Market Size in 2029 (USD)

5.18 %

CAGR (2017-2023)

5.64 %

CAGR (2024-2029)

Largest Market by End-user Industry

37.53 %

value share, Industrial and Machinery, 2023

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The industrial and machinery industry registered the largest market share due to the high demand for PTFE resin for coating and lining applications.

Fastest Growing Market by End-user Industry

7.54 %

Projected CAGR, Aerospace, 2024-2029

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PTFE coatings and components help improve engine efficiency and reduce emissions in the aircraft. Thus, they are projected to have the fastest growth rate in the industry during the forecast period.

Largest Market by Region

49.79 %

value share, Asia-Pacific, 2023

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Asia-Pacific was driven by major developing economies like India, China, Japan, and South Korea. These countries also happen to be the largest consumers of PTFE in automotive, food and beverages, etc.

Fastest Growing Market by Region

8.88 %

Projected CAGR, Africa, 2024-2029

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Africa witnessed a significant increase in investments in various industries, including automotive, construction, packaging, etc. It is projected to witness the fastest growth.

Leading Market Player

18.06 %

market share, Dongyue Group, 2022

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Dongyue Group is the largest fluoropolymer resin producer, with a production capacity of 75 kilotons per year, out of which PTFE resin accounts for 65 kilotons per year.

Industrial and machinery sector may dominate the demand

  • Polytetrafluoroethylene (PTFE) is a fluoropolymer with slippery nature; it is widely known as a nonstick coating in kitchen cookware. Its low friction coefficient and resistance to chemicals, heat, and radiation make it a desirable material for numerous applications across multiple end-user industries. In 2022, it accounted for 50.74% of the total volume consumption of all fluoropolymer sub-resins combined.
  • The industrial and machinery industry is the largest end user of PTFE. PTFE offers chemical resistance and non-stick properties, making it a preferred choice for the production of components such as bearings, seals, gaskets, and various corrosion-resistant fluid handling components and equipment. PTFE helps manufacturers to fulfill stringent industry standards for product purity, cleanability, durability, and low maintenance costs. The demand for PTFE in several end-user industries is expected to record a CAGR of 3.57% (in volume) during the forecast period of 2023-2029.
  • The second-largest end-user industry of PTFE is electrical and electronics. PTFE resin offers rigidity, flexibility, hydrophobicity, low flammability, and dielectric properties for the production of electronic goods. PTFE is widely used to produce PCBs, transistors, semiconductor parts, microprocessors, sensor bodies or housings, and electro-wetting displays. Due to its strong fire safety and electrical performance in telecommunications and data transmission applications, it is witnessing growth in the demand for the production of cable insulation and jacketing systems. Considering the rapidly growing demand for semiconductors and consumer electronics, the industry is likely to be the fastest-expanding end-user of PTFE, with an expected CAGR of 6.22% (in volume) during the forecast period.
Global Polytetrafluoroethylene (PTFE) Market

PTFE market expanding the fastest in Africa

  • PTFE is a synthetic fluoropolymer, which is widely known by the brand name Teflon. Its major end-user industries include industrial & machinery, electrical & electronics, and automotive, which collectively accounted for 74.95% of the total volume consumption in 2022, owing to the properties like chemical resistance, good resistance to heat and low temperature, low coefficient of friction, and more.
  • Asia-Pacific is the largest market owing to large-scale manufacturing outputs by nations like China, Japan, India, South Korea, and others. This led to around 52% of the overall consumption by all regions combined in 2022. The most profitable end-user industries in the region include industrial & machinery, electrical & electronics, and automotive, collectively contributing to 80.84% of the total value in 2022. India is the region's fastest-growing market, with revenue expected to register a CAGR of 8.14% during the forecast period.
  • North America is the second-largest market and accounted for 28.58% of total consumption volume in 2022. The United States, Canada, and Mexico are the most industrialized nations in North America. The biggest end-user industries in the region are automotive, industrial & machinery, and electrical & electronics, which collectively constituted 67% of the total volume consumption in 2022. The market is expected to register a CAGR of 4.93% in terms of volume during the forecast.
  • Africa is the fastest-growing region in terms of value for the market. It is expected to grow at a CAGR of 8.23%, respectively, in the forecast (2023-2029), which is mainly driven by improved economic governance and the private sector. Nigeria and South Africa are the largest markets here, constituting 69.68% of the overall volume consumption in 2022.

Global Polytetrafluoroethylene (PTFE) Market Trends

Technological advancements in electronics industry may foster the growth

  • The rapid pace of technological innovation in electronic products is driving the consistent demand for new and fast electrical and electronic products. In 2022, the global revenue of electrical and electronics stood at USD 5,807 billion, with Asia-Pacific holding a 74% market share, followed by Europe with a 13% share. The global electrical and electronics market is expected to record a CAGR of 6.61% during the forecast period.
  • In 2018, the Asia-Pacific region witnessed strong economic growth owing to rapid industrialization in China, South Korea, Japan, India, and ASEAN countries. In 2020, due to the pandemic, there was a slowdown in global electrical and electronics production due to the shortage of chips and inefficiencies in the supply chain, which led to a stagnant growth rate of 0.1% in revenue compared to the previous year. This growth was driven by the demand for consumer electronics for remote working and home entertainment as people were forced to remain indoors during the pandemic.
  • The demand for advanced technologies, such as digitalization, robotics, virtual reality, augmented reality, IoT (Internet of Things), and 5G connectivity, is expected to grow during the forecast period. Global electrical and electronics production is expected to register a growth rate of 5.9% in 2027.​ As a result of technological advancements, the demand for consumer electronics is expected to rise during the forecast period. For instance, the global consumer electronics industry is projected to witness a revenue reach of around USD 904.6 billion in 2027, compared to USD 719.1 billion in 2023. As a result, technological development is projected to lead the demand for electrical and electronic products during the forecast period.
Global Polytetrafluoroethylene (PTFE) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Fast-paced growth of aviation industry and increased aircraft contracts may aid market growth
  • Fast-paced urbanization and investments in Asia-Pacific region may boost the industry
  • China will dominate the PTFE market with largest exports around the world
  • Growing demand for electric vehicles may boost automobile industry growth
  • Demand for flexible packaging from the food and beverage industry boosting market growth
  • PTFE coatings may remain dominant during the forecast period

Polytetrafluoroethylene (PTFE) Industry Overview

The Polytetrafluoroethylene (PTFE) Market is moderately consolidated, with the top five companies occupying 51.92%. The major players in this market are 3M, Daikin Industries, Ltd., Dongyue Group, Gujarat Fluorochemicals Limited (GFL) and The Chemours Company (sorted alphabetically).

Polytetrafluoroethylene (PTFE) Market Leaders

  1. 3M

  2. Daikin Industries, Ltd.

  3. Dongyue Group

  4. Gujarat Fluorochemicals Limited (GFL)

  5. The Chemours Company

Polytetrafluoroethylene (PTFE) Market Concentration

Other important companies include AGC Inc., HaloPolymer, Shanghai Huayi 3F New Materials Co., Ltd., Sinochem, Zhejiang Juhua Co., Ltd..

*Disclaimer: Major Players sorted in alphabetical order.

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Polytetrafluoroethylene (PTFE) Market News

  • October 2022: AGC Inc. introduced Fluon+ Composites functionalized fluoropolymers that improve the performance of carbon fiber-reinforced thermoplastic (CFRP and CFRTP) composites used in automobiles, aircraft, sports products, and printed circuit boards.
  • July 2022: Daikin Industries Ltd. invested in a US-based start-up company, TeraWatt Technology, to develop applications and further enhance battery technologies for lithium-ion batteries.
  • February 2022: Gujarat Fluorochemicals Limited invested in the expansion of its PTFE capacity in its integrated manufacturing facility at Dahej in India. The PTFE capacity is expected to be operational in 2023.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

Global Polytetrafluoroethylene (PTFE) Market
Global Polytetrafluoroethylene (PTFE) Market
Global Polytetrafluoroethylene (PTFE) Market
Global Polytetrafluoroethylene (PTFE) Market

Polytetrafluoroethylene (PTFE) Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Import And Export Trends

      1. 2.2.1. Polytetrafluoroethylene (PTFE) Trade

    3. 2.3. Form Trends

    4. 2.4. Regulatory Framework

      1. 2.4.1. Argentina

      2. 2.4.2. Australia

      3. 2.4.3. Brazil

      4. 2.4.4. Canada

      5. 2.4.5. China

      6. 2.4.6. EU

      7. 2.4.7. India

      8. 2.4.8. Japan

      9. 2.4.9. Malaysia

      10. 2.4.10. Mexico

      11. 2.4.11. Nigeria

      12. 2.4.12. Russia

      13. 2.4.13. Saudi Arabia

      14. 2.4.14. South Africa

      15. 2.4.15. South Korea

      16. 2.4.16. United Arab Emirates

      17. 2.4.17. United Kingdom

      18. 2.4.18. United States

    5. 2.5. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Building and Construction

      4. 3.1.4. Electrical and Electronics

      5. 3.1.5. Industrial and Machinery

      6. 3.1.6. Packaging

      7. 3.1.7. Other End-user Industries

    2. 3.2. Region

      1. 3.2.1. Africa

        1. 3.2.1.1. By Country

          1. 3.2.1.1.1. Nigeria

          2. 3.2.1.1.2. South Africa

          3. 3.2.1.1.3. Rest of Africa

      2. 3.2.2. Asia-Pacific

        1. 3.2.2.1. By Country

          1. 3.2.2.1.1. Australia

          2. 3.2.2.1.2. China

          3. 3.2.2.1.3. India

          4. 3.2.2.1.4. Japan

          5. 3.2.2.1.5. Malaysia

          6. 3.2.2.1.6. South Korea

          7. 3.2.2.1.7. Rest of Asia-Pacific

      3. 3.2.3. Europe

        1. 3.2.3.1. By Country

          1. 3.2.3.1.1. France

          2. 3.2.3.1.2. Germany

          3. 3.2.3.1.3. Italy

          4. 3.2.3.1.4. Russia

          5. 3.2.3.1.5. United Kingdom

          6. 3.2.3.1.6. Rest of Europe

      4. 3.2.4. Middle East

        1. 3.2.4.1. By Country

          1. 3.2.4.1.1. Saudi Arabia

          2. 3.2.4.1.2. United Arab Emirates

          3. 3.2.4.1.3. Rest of Middle East

      5. 3.2.5. North America

        1. 3.2.5.1. By Country

          1. 3.2.5.1.1. Canada

          2. 3.2.5.1.2. Mexico

          3. 3.2.5.1.3. United States

      6. 3.2.6. South America

        1. 3.2.6.1. By Country

          1. 3.2.6.1.1. Argentina

          2. 3.2.6.1.2. Brazil

          3. 3.2.6.1.3. Rest of South America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. 3M

      2. 4.4.2. AGC Inc.

      3. 4.4.3. Daikin Industries, Ltd.

      4. 4.4.4. Dongyue Group

      5. 4.4.5. Gujarat Fluorochemicals Limited (GFL)

      6. 4.4.6. HaloPolymer

      7. 4.4.7. Shanghai Huayi 3F New Materials Co., Ltd.

      8. 4.4.8. Sinochem

      9. 4.4.9. The Chemours Company

      10. 4.4.10. Zhejiang Juhua Co., Ltd.

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, GLOBAL, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, GLOBAL, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, GLOBAL, 2017 - 2029
  1. Figure 6:  
  2. IMPORT POLYTETRAFLUOROETHYLENE (PTFE) TRADE BY TOP COUNTRIES, USD, GLOBAL, 2017 - 2021
  1. Figure 7:  
  2. EXPORT POLYTETRAFLUOROETHYLENE (PTFE) TRADE BY TOP COUNTRIES, USD, GLOBAL, 2017 - 2021
  1. Figure 8:  
  2. REVENUE OF FLUOROPOLYMER BY FORM TYPE, USD, GLOBAL, 2017, 2023, AND 2029
  1. Figure 9:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, GLOBAL, 2017 - 2029
  1. Figure 10:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, GLOBAL, 2017 - 2029
  1. Figure 11:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 13:  
  2. VOLUME SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 14:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 15:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN AEROSPACE INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN AEROSPACE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN AUTOMOTIVE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 24:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 27:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 29:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 30:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN PACKAGING INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 31:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN PACKAGING INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 32:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN PACKAGING INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 33:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 34:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 35:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 36:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY REGION, TONS, GLOBAL, 2017 - 2029
  1. Figure 37:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY REGION, USD, GLOBAL, 2017 - 2029
  1. Figure 38:  
  2. VOLUME SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 39:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 40:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 41:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
  1. Figure 42:  
  2. VOLUME SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 43:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 44:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, NIGERIA, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, NIGERIA, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
  1. Figure 47:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
  1. Figure 48:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
  1. Figure 49:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
  1. Figure 50:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
  1. Figure 51:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, REST OF AFRICA, 2017 - 2029
  1. Figure 52:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
  1. Figure 53:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 54:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 55:  
  2. VOLUME SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 56:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 57:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
  1. Figure 58:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, AUSTRALIA, 2017 - 2029
  1. Figure 59:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
  1. Figure 60:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, CHINA, 2017 - 2029
  1. Figure 61:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, CHINA, 2017 - 2029
  1. Figure 62:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
  1. Figure 63:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 64:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 65:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 66:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, JAPAN, 2017 - 2029
  1. Figure 67:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, JAPAN, 2017 - 2029
  1. Figure 68:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, JAPAN, 2022 VS 2029
  1. Figure 69:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, MALAYSIA, 2017 - 2029
  1. Figure 70:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, MALAYSIA, 2017 - 2029
  1. Figure 71:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2029
  1. Figure 72:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, SOUTH KOREA, 2017 - 2029
  1. Figure 73:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 74:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2022 VS 2029
  1. Figure 75:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 76:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 77:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2022 VS 2029
  1. Figure 78:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 79:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
  1. Figure 80:  
  2. VOLUME SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 81:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 82:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, FRANCE, 2017 - 2029
  1. Figure 83:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, FRANCE, 2017 - 2029
  1. Figure 84:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
  1. Figure 85:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, GERMANY, 2017 - 2029
  1. Figure 86:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, GERMANY, 2017 - 2029
  1. Figure 87:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
  1. Figure 88:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, ITALY, 2017 - 2029
  1. Figure 89:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, ITALY, 2017 - 2029
  1. Figure 90:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
  1. Figure 91:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, RUSSIA, 2017 - 2029
  1. Figure 92:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, RUSSIA, 2017 - 2029
  1. Figure 93:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
  1. Figure 94:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
  1. Figure 95:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
  1. Figure 96:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
  1. Figure 97:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
  1. Figure 98:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, REST OF EUROPE, 2017 - 2029
  1. Figure 99:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
  1. Figure 100:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 101:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 102:  
  2. VOLUME SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 103:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 104:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, SAUDI ARABIA, 2017 - 2029
  1. Figure 105:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, SAUDI ARABIA, 2017 - 2029
  1. Figure 106:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2022 VS 2029
  1. Figure 107:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 108:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 109:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, UNITED ARAB EMIRATES, 2022 VS 2029
  1. Figure 110:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 111:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 112:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST, 2022 VS 2029
  1. Figure 113:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 114:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 115:  
  2. VOLUME SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 116:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 117:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, CANADA, 2017 - 2029
  1. Figure 118:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, CANADA, 2017 - 2029
  1. Figure 119:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
  1. Figure 120:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, MEXICO, 2017 - 2029
  1. Figure 121:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, MEXICO, 2017 - 2029
  1. Figure 122:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
  1. Figure 123:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, UNITED STATES, 2017 - 2029
  1. Figure 124:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, UNITED STATES, 2017 - 2029
  1. Figure 125:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
  1. Figure 126:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 127:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 128:  
  2. VOLUME SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 129:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 130:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, ARGENTINA, 2017 - 2029
  1. Figure 131:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, ARGENTINA, 2017 - 2029
  1. Figure 132:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
  1. Figure 133:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, BRAZIL, 2017 - 2029
  1. Figure 134:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, BRAZIL, 2017 - 2029
  1. Figure 135:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
  1. Figure 136:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 137:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 138:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
  1. Figure 139:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
  1. Figure 140:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
  1. Figure 141:  
  2. PRODUCTION CAPACITY SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) BY MAJOR PLAYERS, %, GLOBAL, 2022

Polytetrafluoroethylene (PTFE) Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Polytetrafluoroethylene (PTFE) is a fluoropolymer with slippery nature; it is widely known as a nonstick coating in kitchen cookware. Its low friction coefficient and resistance to chemicals, heat, and radiation make it a desirable material for numerous applications across multiple end-user industries. In 2022, it accounted for 50.74% of the total volume consumption of all fluoropolymer sub-resins combined.
  • The industrial and machinery industry is the largest end user of PTFE. PTFE offers chemical resistance and non-stick properties, making it a preferred choice for the production of components such as bearings, seals, gaskets, and various corrosion-resistant fluid handling components and equipment. PTFE helps manufacturers to fulfill stringent industry standards for product purity, cleanability, durability, and low maintenance costs. The demand for PTFE in several end-user industries is expected to record a CAGR of 3.57% (in volume) during the forecast period of 2023-2029.
  • The second-largest end-user industry of PTFE is electrical and electronics. PTFE resin offers rigidity, flexibility, hydrophobicity, low flammability, and dielectric properties for the production of electronic goods. PTFE is widely used to produce PCBs, transistors, semiconductor parts, microprocessors, sensor bodies or housings, and electro-wetting displays. Due to its strong fire safety and electrical performance in telecommunications and data transmission applications, it is witnessing growth in the demand for the production of cable insulation and jacketing systems. Considering the rapidly growing demand for semiconductors and consumer electronics, the industry is likely to be the fastest-expanding end-user of PTFE, with an expected CAGR of 6.22% (in volume) during the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Region
Africa
By Country
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
Middle East
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polytetrafluoroethylene market.
  • Resin - Under the scope of the study, virgin polytetrafluoroethylene resin in the primary forms such as liquid, powder, pellet, etc. are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
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Polytetrafluoroethylene (PTFE) Market Research FAQs

The Global Polytetrafluoroethylene (PTFE) Market size is expected to reach USD 1.46 billion in 2024 and grow at a CAGR of 5.64% to reach USD 1.92 billion by 2029.

In 2024, the Global Polytetrafluoroethylene (PTFE) Market size is expected to reach USD 1.46 billion.

3M, Daikin Industries, Ltd., Dongyue Group, Gujarat Fluorochemicals Limited (GFL) and The Chemours Company are the major companies operating in the Global Polytetrafluoroethylene (PTFE) Market.

In the Global Polytetrafluoroethylene (PTFE) Market, the Industrial and Machinery segment accounts for the largest share by end user industry.

In 2024, Asia-Pacific accounts for the largest share by region in the Global Polytetrafluoroethylene (PTFE) Market.

In 2023, the Global Polytetrafluoroethylene (PTFE) Market size was estimated at 1.46 billion. The report covers the Global Polytetrafluoroethylene (PTFE) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Polytetrafluoroethylene (PTFE) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Polytetrafluoroethylene Industry Report

Statistics for the 2023 Polytetrafluoroethylene (PTFE) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polytetrafluoroethylene (PTFE) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Polytetrafluoroethylene Market Report Snapshots

Polytetrafluoroethylene (PTFE) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029