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

The market is segmented by Form (Granular, Powder, and Dispersion), Application (Sheet, Film/Foil, Coatings, Pipes, and Others), End-user Industry (Automotive, Aviation and Aerospace, Building and Construction, Chemical Processing, Cookware, Electrical and Electronics, Food Processing, Medical, Oil & Gas, Packaging, and Others), and Geography

Market Snapshot

Polytetrafluoroethylene (PTFE) Market - Market Summary
Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The polytetrafluoroethylene (PTFE) market is expected to grow at a CAGR of around 5.2% during the forecast period of 2019-2024. The major factors driving the growth of market studied are the supreme chemical resistance and thermal characteristics, growing demand for non-stick cookware and increasing applications in electrical and electronics sector. On the flipside, the increasing price of fine powder and micronized PTFE hampers the growth of the studied market.

  • Automotive segment dominated the market in 2018 and is likely to grow during the forecast period, with growing production and continuous innovation in the automotive industry.
  • The growing healthcare applications are further likely to provide opportunities for the studied market during the forecast period.
  • Asia-Pacific dominated the market across the globe, owing to the growing construction activities, rising automotive production, rising electrical & electronics production, in the region.

Scope of the Report

The polytetrafluoroethylene (PTFE) market report includes:

Others (Tubes, Rods, etc.)
End-User Industry
Aviation and Aerospace
Building and Construction
Chemical Processing
Electrical and Electronics
Food Processing
Oil & Gas
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Automotive Segment to Dominate the Market Demand

  • Automotive dominates the consumption of PTFE, among end-user industries segment.
  • PTFE exhibit properties, such as low friction, and exceptional thermal and chemical resistance, which makes PTFE suitable for automotive and transportation applications.
  • The ability of PTFE to withstand temperatures in excess of 2500 °C, makes it an ideal for high temperature fluid transfer, making it widely popular for use in automotive industry.
  • It is highly used in brake lines, brake, clutch, fuel, and sump hoses for high performance cars in rally and hydraulic brake fluid, clutch fluid, fuel and oil, and cooling.
  • Though the automotive production witnessed decline in 2018 by 1.1%, factors such as increasing investments into the sector to increase production, continuous efforts of the automakers to develop & launch new cars, and efforts towards development & promotion of electric vehicles of the industry are likely to drive the growth of automotive industry.
  • Asia-Pacific is already witnessing numerous investments by the global automakers, like BMW, Hyundai Motors, and Honda into the automotive industry to increase production, and cater to the increasing automotive demand of the masses in the region.
  • Hence, such factors and market trends in the automotive industry is expected to drive the demand for PTFE market during the forecast period.
Polytetrafluoroethylene (PTFE) Market - Segmentation

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Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominated the global market share in 2018. The increasing investment & production in automotive industry, increasing electrical & electronics production, growing construction activities, and healthy growth in packaging industry in the region, are expected to drive the demand for PTFE market in the coming years.
  • China stands to be the world’s largest automotive producer. However, in 2018, the country witnessed about 4.16% decline in the production of vehicles. However, China is majorly focusing on increasing the production and sale of electric vehicles in the country. For this purpose, the country has planned to increase the production of electric vehicles (EVs) to 2 million a year by 2020, and 7 million a year by 2025.
  • India is witnessing investments in automotive industry, which is expected to increase domestic production in the coming years. For instance, in 2018, Hyundai planned investment of USD 1 billion in India by 2020. SAIC Motor has also announced to invest USD 500 million in India by 2020.
  • China currently has numerous airport construction projects, such as, which are either in development or planning stage. These include - Beijing Capital International Airport, Chengdu Shuangliu International Airport, Guangzhou Baiyun International Airport, etc. Besides, the government rolled out massive construction plans, including making provision for the movement of 250 million people to its new megacities over the next ten years.
  • In India, the government’s investment target of USD 120.5 billion for developing 27 industrial clusters; this is expected to boost commercial construction in the country.
  • Besides, construction has also been increasing in the countries, such as Indonesia, Singapore, and Vietnam, at a healthy rate.
  • Besides, China has the world’s largest electronics production base. Electronic products, such as smartphones, OLED TVs, tablets, wires, cables, earphones, and so on, have the highest growth in the electronics segment. With the increase in the disposable income of middle-class population in the country, and increasing demand for electronic products in the countries importing electronic products from China, the production of electronics has been increasing.
  • Hence, all such market trends are expected to drive the demand for PTFE market during the forecast period.
Polytetrafluoroethylene (PTFE) Market - Regional Trends

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Competitive Landscape

The PTFE market is a consolidated market, where few major players hold significant share of the market demand. Some of the major players in the market include Shandong Dongyue Group, The Chemours Company, Dyneon GmbH & Co KG (3M), HaloPolymer, and Zhonghao Chenguang Research Institute of Chemical Industry, amongst others.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Supreme Chemical Resistance and Thermal Characteristics

      2. 4.1.2 Growing Demand for Non-Stick Cookware

      3. 4.1.3 Increasing Applications in Electrical and Electronics Sector

    2. 4.2 Restraints

      1. 4.2.1 Increasing Price of Fine Powder and Micronized PTFE

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters 5 Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Production Process Analysis

    6. 4.6 Price Analysis

    7. 4.7 Capacity Analysis

    8. 4.8 Trade Analysis


    1. 5.1 Form

      1. 5.1.1 Granular

      2. 5.1.2 Powder

      3. 5.1.3 Dispersion

    2. 5.2 Application

      1. 5.2.1 Sheet

      2. 5.2.2 Film/Foil

      3. 5.2.3 Coatings

      4. 5.2.4 Pipes

      5. 5.2.5 Others (Tubes, Rods, etc.)

    3. 5.3 End-User Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Aviation and Aerospace

      3. 5.3.3 Building and Construction

      4. 5.3.4 Chemical Processing

      5. 5.3.5 Cookware

      6. 5.3.6 Electrical and Electronics

      7. 5.3.7 Food Processing

      8. 5.3.8 Medical

      9. 5.3.9 Oil & Gas

      10. 5.3.10 Packaging

      11. 5.3.11 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers & 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 AGC Inc.

      2. 6.4.2 Aidmer

      3. 6.4.3 Asahi Kasei Corporation


      5. 6.4.5 Daikin Industries, Ltd.

      6. 6.4.6 Dyneon GmbH & Co KG (3M)

      7. 6.4.7 Gujarat Fluorochemicals Limited9.12 Hindustan Fluorocarbons Ltd

      8. 6.4.8 HaloPolymer

      9. 6.4.9 Jiangsu Meilan Chemical Co. Ltd.

      10. 6.4.10 KWO Dichtungstechnik GmbH

      11. 6.4.11 PTFE Compounds Germany GmbH

      12. 6.4.12 Shandong Dongyue Group

      13. 6.4.13 Shanghai 3F New Materials Co. Ltd

      14. 6.4.14 Shanghai Huayi Group Co., Ltd.

      15. 6.4.15 Solvay

      16. 6.4.16 The Chemours Company

      17. 6.4.17 Zhonghao Chenguang Research Institute of Chemical Industry

    5. *List Not Exhaustive

    1. 7.1 Growing Healthcare Applications

**Subject to Availability

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