Sliding Off: Demand for Ptfe Will Likely Rise in a Variety of Industrial and Household Product Markets
The PTFE (Teflon) coating manufacturing industry produces polytetrafluoroethylene (PTFE), a synthetic chemical formed entirely of carbon and fluorine. The PTFE polymer is nonstick and nonreactive, with low friction and high thermal resistance. As a result, it can be highly desirable in various applications, including automotive lubrication and cookware coating. PTFE also has excellent electrical insulation properties, making it ideal for insulating cable, wires and circuit boards. However, the rising price of PTFE has constrained demand and revenue. In addition, the COVID-19 pandemic further hindered industry revenue through limited downstream demand and increased operating costs. Over the five years to 2023, revenue has declined slightly at a CAGR of 0.1% to $1.3 billion, including an expected 13.4% decline in 2023 alone. Profit is expected to climb to 7.7% of revenue in 2023, up from 7.3% in 2018.
Operators in this industry manufacture polytetrafluoroethylene (PTFE). PTFE is a synthetic chemical that is nonstick and thermally resistant. Polytetrafluoroethylene is used in a variety of applications including cable insulation, automotive lubrication and cookware coating.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The Chemours Company
Methodology
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