Polytetrafluoroethylene (PTFE): Global Strategic Business Report

Global Polytetrafluoroethylene (PTFE) Market to Reach $5.1 Billion by 2030

The global market for Polytetrafluoroethylene (PTFE) estimated at US$3.4 Billion in the year 2022, is projected to reach a revised size of US$5.1 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030. Granular, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$2.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fine Powder segment is readjusted to a revised 5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $920.9 Million, While China is Forecast to Grow at 8.8% CAGR

The Polytetrafluoroethylene (PTFE) market in the U.S. is estimated at US$920.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 8.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$693.7 Million by the year 2030.

Select Competitors (Total 23 Featured) -

• 3M Company
• AGC Chemicals Americas Inc.
• Asahi Glass Company Limited
• Chenguang Research Institute of Chemical Industry
• Daikin Industries Ltd.
• Dongyue Group Limited
• Gujarat Fluorochemicals Limited
• HaloPolymer OJSC
• Juhua Group Corporation
• Saint-Gobain Performance Plastics Corporation
• Shanghai 3F New Material Co. Ltd.
• Solvay
• The Chemours Company

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