published Date SEP 2018

Polytetrafluoroethylene (PTFE) Market Segmentation - By Product Type, Application, Geography

Polytetrafluoroethylene (PTFE) coatings market’s opportunity to leverage the gaining popularity as an excellent candidate for military applications.

Enormous demand for non-stick applications in the food industry, and augmenting demand for chemical process vessels and chemical seals and diaphragms are the factors driving the global polytetrafluoroethylene (PTFE) coatings market.

September 2018: The market for polytetrafluoroethylene (PTFE) coatings is expected to register a significant growth during the forecast period, 2018 to 2023, as per a new report published by Mordor Intelligence LLP. This significant growth is primarily driven by the enormous demand for non-stick applications in the food industry, and augmenting demand for chemical process vessels and chemical seals and diaphragms. In addition, growing prominence of PTFE coatings in the semiconductors of electronic appliances, and gaining popularity as an excellent candidate for military applications are expected to reinforce growth prospects over the forecast period.

The need for faster communications has driven the PCB industry to develop high speed resin systems, like PTFE coatings suitable for high bandwidth radio frequency (RF) applications. PTFE coated wire boasts of unique low-temperature durability and fire resistance, which makes it a good choice for a constantly augmenting list of products, components, and applications. Printed circuit boards (PCBs) are deployed in almost all electronic products, ranging from consumer gadgets such as PCs, tablets, smartphones, and gaming consoles, to industrial and even high-tech products in the strategic and medical electronics domains. The rapid growth of Internet of Things (IoT) devices represents an unprecedented opportunity for the PCB Assembly industry. The huge market size for Printed Circuit Board (PCB) market (According to the World PCB Production Report for the Year 2017, USD 62.1 billion) ignites the demand for the PTFE coatings market.

PTFE coating is one of the global most preferred non-stick products. One of the most popular uses of PTFE coatings is for non-stick applications and cookware needed for food grade coatings. Owing to the compliance to regulations, nearly half of the demand of PTFE coatings market is created through cookware and food processing industries. In addition, key advantages of PTFE coatings, like the highest operating temperature of any fluoropolymer and extremely low coefficient of friction, fair abrasion resistance, and good chemical resistance, make it applicable where a dry lubricant, or low friction, or corrosion resistant coating is necessary.

The combination of extreme low and high temperature stability favors the use of PTFE over a wider temperature range than any other coating material. PTFE coatings for the oil and gas sector provide reduced torque and galling levels, even after long term exposure to corrosion. PTFE coatings are the materials of choice for the oil and gas industry, serving as linings for downhole tools, vessels, piping, pumps, valves, columns, column internals, hoses, expansion joints, seals and gaskets, sight glasses, venturi, vessels, tanks, mixers, stirrers, baffles, manhole covers, and product handling equipment, such as chutes. The market for PTFE coatings has significantly benefitted from the increasing investments in oil refineries. Additionally, with the expansion plans of current refineries, the demand for PTFE coatings is expected to increase during the forecast period, thus benefitting the market to a great extent.

The reportPolytetrafluoroethylene (PTFE) Market Segmentation - By Product Type, Application, and Geographyis now available and can be purchased directly at: https://www.mordorintelligence.com/industry-reports/polytetrafluoroethylene-ptfe-coatings-market

Key Insights from the Report:

  • North America is expected to account for the second-highest share, by 2023. This immense demand for polytetrafluoroethylene (PTFE) coatings is a consequence of the growing trends of fiber optics, chemical processing, and oil and gas industries in the region.
  • Asia-Pacific is expected to register the largest regional share and highest CAGR, by 2023. This region is expected to open several opportunities for market players over the forecast period.
  • The polytetrafluoroethylene (PTFE) coatings market is semi-fragmented and competitive in nature, owing to the presence of multiple manufacturers. Key players in the market include AGC. Inc., DAIKIN INDUSTRIES Ltd, 3M (Dyneon GmbH), DowDuPont, Solvay, and others.

Polytetrafluoroethylene (PTFE) coatings market segmentation, based on product type, application, and regional coverage.

Polytetrafluoroethylene (PTFE) Coatings Market - By Product Type:

  • Product Type
  • Powder Coating
  • Liquid Coating Antidepressants

Polytetrafluoroethylene (PTFE) Coatings Market - By Application:

  • Cookware and Food Processing
  • Chemical Processing
  • Oil and Gas
  • Electrical and Electronics
  • Building and Construction
  • Medical
  • Other Applications

Polytetrafluoroethylene (PTFE) Coatings Market - By Region:

 Asia-Pacific    

  • China
  • India
  • Japan
  • South Korea
  • ASEAN Countries
  • Rest of Asia-Pacific

North America

  • United States
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • United Kingdom
  • France
  • Italy
  • Russia
  • Rest of Europe

South America           

  • Brazil
  • Argentina
  • Rest of South America

Middle East & Africa  

  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

About Mordor Intelligence LLP

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