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 report “Polytetrafluoroethylene (PTFE) Market Segmentation - By Product Type, Application, and Geography” is now available and can be purchased directly at: https://www.mordorintelligence.com/industry-reports/polytetrafluoroethylene-ptfe-coatings-market
Polytetrafluoroethylene (PTFE) coatings market segmentation, based on product type, application, and regional coverage.
Polytetrafluoroethylene (PTFE) Coatings Market - By Product Type:
Polytetrafluoroethylene (PTFE) Coatings Market - By Application:
Polytetrafluoroethylene (PTFE) Coatings Market - By Region:
Middle East & Africa
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