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Polytetrafluoroethylene (PTFE): Global Strategic Business Report

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    Report

  • 184 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1882058

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

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Polytetrafluoroethylene (PTFE)

What is the estimated value of the Global Market for Polytetrafluoroethylene (PTFE)?

The Global Market for Polytetrafluoroethylene (PTFE) was estimated to be valued at $3.4 Billion in 2022.

What is the growth rate of the Global Market for Polytetrafluoroethylene (PTFE)?

The growth rate of the Global Market for Polytetrafluoroethylene (PTFE) is 5.2%, with an estimated value of $5.1 Billion by 2030.

What is the forecasted size of the Global Market for Polytetrafluoroethylene (PTFE)?

The Global Market for Polytetrafluoroethylene (PTFE) is estimated to be worth $5.1 Billion by 2030.

Who are the key companies in the Global Market for Polytetrafluoroethylene (PTFE)?

Key companies in the Global Market for Polytetrafluoroethylene (PTFE) include 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 and Saint.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Polytetrafluoroethylene (PTFE): A Versatile Material with Applications in Varied End-Use Industries
  • Current & Future Analysis
  • China Spearheads Growth in the PTFE Market
  • Chemical Processing Industry Leads the PTFE Market
  • Granular and Micronized Forms of PTFE
  • PTFE Production Scenario
  • Recent Market Activity
  • Positive Global Economy Buoys General Market Optimism
  • Global PTFE Trade - An Overview
  • Polytetrafluoroethylene (PTFE) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • 3M (USA)
  • Asahi Glass Company Limited (Japan)
  • AGC Chemicals Americas, Inc. (USA)
  • Chenguang Research Institute of Chemical Industry (China)
  • Daikin Industries Ltd. (Japan)
  • Daikin America, Inc. (USA)
  • Dongyue Group Limited (China)
  • Gujarat Fluorochemicals Limited (India)
  • HaloPolymer, OJSC (Russia)
  • Juhua Group Corporation (China)
  • Saint-Gobain Performance Plastics Corporation (USA)
  • Shanghai 3F New Material Co., Ltd. (China)
  • Solvay (Belgium)
  • The Chemours Company (USA)
3. MARKET TRENDS & DRIVERS
  • Micronized PTFE Powder Market: Applications in Diverse Industries Power Growth
  • Demand for Potable Drinking Water - A Major Growth Driver for PTFE Membranes Market
  • Hydrophobic PTFE Membranes Dominate PTFE Membranes Market
  • Riding on Industrialization and Urbanization, Asia-Pacific Leads PTFE Membranes Market
  • Polytetrafluoroethylene (PTFE) Films Market: Chemical Processing and Pharma & Medical Industries Spur Demand
  • Teflon Coatings Market Exhibits Significant Growth
  • Novel Technologies Fuel Demand for Teflon Coatings
  • Demand for Dry Film Lubricants Continues to Grow
  • Innovations Sustain PTFE Market
  • A Glance at Latest Innovations in the PTFE Space
  • PTFE Application in Renewable Energy Systems - A Promising Growth Opportunity
  • Automotive Industry: PTFE and Other Fluoropolymers Essential to Improve Performance and Durability of Components
  • Consumer Appliances: Need for Durability and Long Working Life Drives Demand for Teflon™ PTFE Products
  • Thermoplastic to Improve PTFE Processing Technology
  • PTFE Market - Pricing Dynamics
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Polytetrafluoroethylene (PTFE) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Polytetrafluoroethylene (PTFE) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 3: World 18-Year Perspective for Polytetrafluoroethylene (PTFE) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Granular by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Granular by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 6: World 18-Year Perspective for Granular by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 9: World 18-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Fine Powder by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Fine Powder by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 12: World 18-Year Perspective for Fine Powder by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Dispersion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Dispersion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 15: World 18-Year Perspective for Dispersion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Micronized by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Micronized by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 18: World 18-Year Perspective for Micronized by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Chemical & Industrial Processing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Chemical & Industrial Processing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 21: World 18-Year Perspective for Chemical & Industrial Processing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Electronics & Electrical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Electronics & Electrical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 24: World 18-Year Perspective for Electronics & Electrical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Automotive & Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Automotive & Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 27: World 18-Year Perspective for Automotive & Aerospace by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Consumer Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Consumer Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 30: World 18-Year Perspective for Consumer Goods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 31: World Polytetrafluoroethylene (PTFE) Market Analysis of Annual Sales in US$ Million for Years 2012 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Polytetrafluoroethylene (PTFE) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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