Polytetrafluoroethylene (PTFE) Market by Form, End-Use Industry, and Region - Global Forecast to 2022

  • ID: 4530280
  • Report
  • Region: Global
  • 135 Pages
  • Markets and Markets
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Polytetrafluoroethylene (PTFE) Market Projected to Grow at a CAGR of 6.1%

FEATURED COMPANIES

  • 3M
  • Chemours
  • Dongyue
  • Halopolymer
  • Jiangsu Meilan Chemical
  • Quadrant
  • MORE

"Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion, and Micronized), End-Use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region - Global Forecast to 2022"

"The Polytetrafluoroethylene (PTFE) market is projected to grow at a CAGR of 6.1% during the forecast period"

The PTFE market is estimated to be USD 1.97 billion in 2017 and is projected to reach USD 2.66 billion by 2022, at a CAGR of 6.1% from 2017 to 2022. Exceptional properties of PTFE, increasing demand for high-performance polymers, high-growth end-use industries, and demand for PTFE in emerging countries are driving the PTFE market.

"Among end-use industries, the electronics & electrical segment is projected to grow at the highest CAGR during the forecast period"

Electronics & electrical is the fastest-growing end-use industry of the PTFE market. Exceptional properties of PTFE such as thermal stability, chemical inertness, temperature resistance, and insulation properties make it suitable in this end-use industry. PTFE is majorly used in high-growth electronics & electrical applications such as wire coating, cable coating, fiber optics, and insulation applications.

"Among forms, the granular segment is projected to grow at the highest CAGR from 2017 to 2022"

Granular PTFE is the most widely used form of PTFE, as it is preferred due to its low price. Also, the technology required for the production of granular PTFE is less complicated and has a lower manufacturing cost. It is used in various applications such as gaskets, films, coatings, impregnation, and insulation.

"The PTFE market in Asia Pacific is projected to grow at the highest CAGR during the forecast period"

The PTFE market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Economic growth, the growth of manufacturing industries, cheap labor, increasing foreign investments and expanding application area of PTFE in chemical & industrial processing and electronics industries are expected to fuel the growth of the PTFE market. Countries such as China, Japan, and South Korea, which are the major hubs for the production of electronic components, are expected to witness significant market growth in Asia Pacific.

This study was validated through primaries conducted with various industry experts worldwide. The primary sources were divided into 3 categories, namely company type, designation, and region.

  • By Company Type - Tier 1 - 70%, Tier 2 - 20%, and Tier 3 - 10%
  • By Designation - C Level - 5%, Director Level - 20%, and Others - 75%
  • By Region - North America - 10%, Europe - 30%, Asia Pacific - 40%, Middle East & Africa - 15%, and South America - 5%

Companies Profiled in the Report:

Key players profiled in the report include Chemours Company (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan) , Shandong Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).

Research Coverage:

The report offers insights on PTFE used in various end-use industries across regions. It aims at estimating the size of the PTFE market during the forecast period and projects future growth of the market across different segments, such as form, end-use industry, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the PTFE market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants in the PTFE market by providing them the closest approximations of the revenues for the overall market and its various subsegments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities affecting the growth of the PTFE market.

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FEATURED COMPANIES

  • 3M
  • Chemours
  • Dongyue
  • Halopolymer
  • Jiangsu Meilan Chemical
  • Quadrant
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary

4 Premium Insights
    4.1 Significant Opportunities in the PTFE Market
    4.2 PTFE Market, By Form
    4.3 PTFE Market, By Region

5 Market Overview
    5.1 Introduction
    5.2 Production Process
    5.3 Major Importers & Exporters
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 High Demand in the End-Use Industries
                    5.4.1.2 High Demand in Emerging Countries of APAC
           5.4.2 Restraints
                    5.4.2.1 Increasing Prices of Ptfe
           5.4.3 Opportunities
                    5.4.3.1 High Penetration in Medical Applications
                    5.4.3.2 High Demand for Eptfe
                    5.4.3.3 Increasing Use of Mptfe
           5.4.4 Challenges
                    5.4.4.1 Use of Reprocessed Ptfe
                    5.4.4.2 Stringent Environmental Regulations
    5.5 Porter’s Five Forces Analysis
           5.5.1 Threat of New Entrants
           5.5.2 Threat of Substitutes
           5.5.3 Bargaining Power of Buyers
           5.5.4 Bargaining Power of Suppliers
           5.5.5 Intensity of Competitive Rivalry
    5.6 Macroeconomic Indicators
           5.6.1 Introduction
           5.6.2 Gdp Growth Rate Forecast of Major Economies
           5.6.3 Automotive Industry
           5.6.4 Chemical Industry
           5.6.5 Construction Industry
                    5.6.5.1 Construction Industry in North America
                    5.6.5.2 Construction Industry in Europe
                    5.6.5.3 Trends and Forecast of the Construction Industry in APAC

6 PTFE Market, By Form
    6.1 Introduction
    6.2 Granular/Molded Powder
           6.2.1 Manufacturing
           6.2.2 Properties
           6.2.3 Applications
    6.3 Fine Powder
           6.3.1 Manufacturing
           6.3.2 Properties
           6.3.3 Applications
    6.4 Dispersion
           6.4.1 Manufacturing
           6.4.2 Properties
           6.4.3 Applications
    6.5 Micronized Powder
           6.5.1 Manufacturing
           6.5.2 Properties
           6.5.3 Applications

7 PTFE Market, By End-Use Industry
    7.1 Introduction
    7.2 Chemical & Industrial Processing
           7.2.1 Chemical Processing
           7.2.2 Oil & Gas
           7.2.3 Pharmaceutical
           7.2.4 Other Industrial Processing Applications
    7.3 Automotive & Aerospace
           7.3.1 Automotive
           7.3.2 Aerospace
    7.4 Electrical & Electronics
           7.4.1 Telecommunication
           7.4.2 Semiconductors
           7.4.3 Electronic Components & Gadgets
           7.4.4 Electrical
    7.5 Building & Construction
    7.6 Consumer Goods
    7.7 Others
           7.7.1 Healthcare
           7.7.2 Defense
           7.7.3 Agrochemical

8 PTFE Market, By Region
    8.1 Introduction
    8.2 APAC
           8.2.1 China
           8.2.2 India
           8.2.3 Japan
           8.2.4 South Korea
           8.2.5 Rest of APAC
    8.3 North America
           8.3.1 US
           8.3.2 Canada
           8.3.3 Mexico
    8.4 Europe
           8.4.1 Germany
           8.4.2 UK
           8.4.3 Italy
           8.4.4 France
           8.4.5 Rest of Europe
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
           8.5.2 South Africa
           8.5.3 Rest of the Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of South America

9 Competitive Landscape
    9.1 Overview
    9.2 Market Share Analysis of Key Players
           9.2.1 Chemours
           9.2.2 Dongyue
           9.2.3 Daikin
           9.2.4 Gujarat Fluorochemicals
           9.2.5 3M
           9.2.6 Others
    9.3 Competitive Scenario
           9.3.1 Investment & Expansion
           9.3.2 Merger & Acquisition
           9.3.3 Agreement, Partnership & Joint Venture
           9.3.4 New Product Launch

10 Company Profile
     10.1 Chemours
     10.2 Dongyue
     10.3 Daikin
     10.4 Gujarat Fluorochemicals
     10.5 3M
     10.6 Asahi Glass Company
     10.7 Halopolymer
     10.8 Shanghai 3f New Materials Company
     10.9 Solvay
     10.10 Zhejiang Juhua
     10.11 Others
             10.11.1 Shamrock Technologies
             10.11.2 Jiangsu Meilan Chemical
             10.11.3 Dupont-Mitsui Fluorochemicals
             10.11.4 Chenguang Research Institute of Chemical Industry
             10.11.5 Micro Powders
             10.11.6 Hubei Everflon Polymer
             10.11.7 Quadrant

List of Tables
Table 1 Major Countries in the PTFE Market
Table 2 Growing Applications of Ptfe in Various End-Use Industries
Table 3 Altered Key Properties of Fluoropolymers With Increasing Percentage of Reprocessed Ptfe
Table 4 Trends and Forecast of Gdp, USD Billion (2017-2022)
Table 5 Motor Vehicle Production, By Key Country, 2015-2016
Table 6 Contribution of Construction Industry to Gdp in North America, By Country, 2014-2016 (USD Billion)
Table 7 Contribution of Construction Industry to Gdp in Europe, By Country, 2014-2016 (USD Billion)
Table 8 Contribution of Construction Industry to Gdp in APAC, By Country, 2014-2016 (USD Billion)
Table 9 Properties and End-Use Industries of Various Grades of Ptfe
Table 10 PTFE Market Size, By Form, 2015-2022 (Kiloton)
Table 11 PTFE Market Size, By Form, 2015-2022 (USD Million)
Table 12 PTFE Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 13 PTFE Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 14 PTFE Market Size, By Region, 2015-2022 (Kiloton)
Table 15 PTFE Market Size, By Region, 2015-2022 (USD Million)
Table 16 APAC: Polytetrafluoroethylene Market Size, By Country, 2015-2022 (Kiloton)
Table 17 APAC: Polytetrafluoroethylene Market Size, By Country, 2015-2022 (USD Million)
Table 18 APAC: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 19 APAC: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 20 China: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 21 China: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 22 India: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 23 India: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 24 Japan: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 25 Japan: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 26 South Korea: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 27 South Korea: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 28 Rest of APAC: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 29 Rest of APAC: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 30 North America: Polytetrafluoroethylene Market Size, By Country, 2015-2022 (Kiloton)
Table 31 North America: Polytetrafluoroethylene Market Size, By Country, 2015-2022 (USD Million)
Table 32 North America: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 33 North America: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 34 US: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 35 US: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 36 Canada: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 37 Canada: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 38 Mexico: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 39 Mexico: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 40 Europe: Polytetrafluoroethylene Market Size, By Country, 2015-2022 (Kiloton)
Table 41 Europe: Polytetrafluoroethylene Market Size, By Country, 2015-2022 (USD Million)
Table 42 Europe: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 43 Europe: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 44 Germany: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 45 Germany: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 46 UK: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 47 UK: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 48 Italy: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 49 Italy: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 50 France: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 51 France: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 52 Rest of Europe: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 53 Rest of Europe: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 54 Middle East & Africa: Polytetrafluoroethylene Market Size, By Country, 2015-2022 (Kiloton)
Table 55 Middle East & Africa: Polytetrafluoroethylene Market Size, By Country, 2015-2022 (USD Million)
Table 56 Middle East & Africa: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 57 Middle East & Africa: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 58 Saudi Arabia: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 59 Saudi Arabia: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 60 South Africa: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 61 South Africa: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 62 Rest of Middle East & Africa: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 63 Rest of Middle East & Africa: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 64 South America: Polytetrafluoroethylene Market Size, By Country, 2015-2022 (Kiloton)
Table 65 South America: Polytetrafluoroethylene Market Size, By Country, 2015-2022 (USD Million)
Table 66 South America: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 67 South America: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 68 Brazil: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 69 Brazil: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 70 Argentina: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 71 Argentina: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 72 Rest of South America: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 73 Rest of South America: Polytetrafluoroethylene Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 74 Investment & Expansion, 2012-2017
Table 75 Merger & Acquisition, 2012-2017
Table 76 Agreement, Partnership & Joint Venture, 2012-2017
Table 77 New Product Launch, 2012-2017

List of Figures
Figure 1 PTFE Market Segmentation
Figure 2 PTFE Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 PTFE Market: Data Triangulation
Figure 6 PTFE Market Size, By Volume (Kiloton) and Value (USD Billion), 2015-2022
Figure 7 Fine Powder to Be the Leading Form of Ptfe
Figure 8 Chemical & Industrial Processing to Be the Largest End-Use Industry of PTFE Market
Figure 9 China to Be the Largest PTFE Market
Figure 10 APAC Dominated the PTFE Market in 2016
Figure 11 Growing Demand From Electrical & Electronics End-Use Industry to Drive the PTFE Market
Figure 12 Chemical & Industrial Processing Was the Largest End-Use Industry of Ptfe
Figure 13 Fine Powder Ptfe to Be the Fastest-Growing Form
Figure 14 APAC Dominated the PTFE Market, 2016
Figure 15 Ptfe Production Process
Figure 16 Overview of Factors Governing the PTFE Market
Figure 17 Porter’s Five Forces Analysis
Figure 18 Growth Rate of Chemical Industry (2015-2018)
Figure 19 Granular to Be the Leading Form of Ptfe During the Forecast Period
Figure 20 Chemical & Industrial Processing to Be the Leading End-Use Industry of Ptfe
Figure 21 India to Register the Highest Cagr in the PTFE Market
Figure 22 APAC: PTFE Market Snapshot
Figure 23 North America: PTFE Market Snapshot
Figure 24 Europe: PTFE Market Snapshot
Figure 25 Companies Adopted Investment & Expansion as the Key Growth Strategy
Figure 26 Market Share Analysis, 2016
Figure 27 Chemours: Company Snapshot
Figure 28 Dongyue: Company Snapshot
Figure 29 Daikin: Company Snapshot
Figure 30 Gujarat Fluorochemicals: Company Snapshot
Figure 31 3M: Company Snapshot
Figure 32 Asahi Glass Company: Company Snapshot
Figure 33 Shanghai 3f New Materials Company Ltd: Company Snapshot
Figure 34 Solvay: Company Snapshot

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FEATURED COMPANIES

  • 3M
  • Chemours
  • Dongyue
  • Halopolymer
  • Jiangsu Meilan Chemical
  • Quadrant
  • MORE

The Polytetrafluoroethylene (PTFE) market is estimated to be USD 1.97 Billion in 2017 and is projected to reach USD 2.66 Billion by 2022, at a CAGR of 6.1% from 2017 to 2022. The high demand for PTFE in various end-use industries, such as chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, and building & construction is expected to drive the PTFE market.

Based on form, the PTFE market has been segmented into granular, dispersion, fine powder, and micronized. Granular PTFE is the largest form due to its properties, such as chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. The availability of granular PTFE at cheap rates and wide usage in various industries are the major reasons for the high growth of the granular form segment of the market. Fine powder is the fastest-growing form segment of the PTFE market, owing to its superior stress-crack resistance, higher thermal stability, lower permeability, and higher clarity. These properties make it suitable for use in high-performance materials, low-density tapes, and comfortable sealing materials.

Based on end-use industry, the PTFE market has been segmented into chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, building & construction, and others. Chemical & industrial processing is the largest end-use industry segment of the PTFE market. PTFE is used in the production of vessel linings, seals, gaskets, spacers, plain bearings, gears, pipes, slide plates, and drilling parts, which are used in industrial machinery. High growth potential in the chemical industry is driving the demand for PTFE. Electronics & electrical is the fastest-growing end-use industry segment of the PTFE market, as PTFE offers excellent electrical insulation properties under harsh conditions, such as high temperatures and aggressive chemicals. It also provides outstanding chemical & temperature resistance and design flexibility for component manufacturers and equipment designers in this end-use industry.

Polytetrafluoroethylene Market

The PTFE market has been studied for Asia Pacific, North America, Europe, the Middle East & Africa, and South America. APAC is the largest and the fastest-growing market for PTFE. The high growth of the chemical industry has led to increased investments in chemical manufacturing units in APAC. Moreover, countries such as China and India are at the forefront of the ongoing industrial revolution. These factors have provided growth opportunities to the PTFE market.

The key factor restraining the growth of the PTFE market is the increasing price of fine powder and micronized PTFE. Companies such as Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan), Shandong Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India), among others, have adopted various developmental strategies such as new product launches, mergers & acquisitions, and investments & expansions to enhance their foothold in the market.

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  • 3M
  • Asahi Glass Company
  • Chemours
  • Chenguang Research Institute of Chemical Industry
  • Daikin
  • Dongyue
  • Dupont-Mitsui Fluorochemicals
  • Gujarat Fluorochemicals
  • Halopolymer
  • Hubei Everflon Polymer
  • Jiangsu Meilan Chemical
  • Micro Powders
  • Quadrant
  • Shamrock Technologies
  • Shanghai 3f New Materials Company
  • Solvay
  • Zhejiang Juhua
Note: Product cover images may vary from those shown
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