The global polytetrafluoroethylene (PTFE) market is anticipated to grow at a CAGR of 4.8% during the forecast period. The increasing demand from the end-user industry and heat resistance and transparency of PTFE in comparison to other conventional polymer is a major factor to drive the growth of the global PTFE market. PTFE is a versatile and high-performance fluoropolymer made up of carbon and fluorine particles. High heat resistance, low coefficient of friction, electrical insulation power in hot and wet environments, strong anti-adhesion properties, high fatigue resistance under low stress are among the key features of the PTFE making it suitable for several applications.

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PTFE coatings possess a very high surface resistivity, a low dissipation factor, and high dielectric strength,. Some formulations are available with metallic or carbon fillers to provide enough electroconductivity to enable dissipation of static therefore the PTFE sheets and coatings are highly suitable for the electrical insulation application. Additionally, the PTFE can withstand dry heat sterilization at 180°C, along with the ethylene oxide gas and gamma radiation. Hence, are suitable for application in the aviation industry. However, frequent price fluctuation of the PTFE compound is a major factor that may restrict the growth of the global PTFE market. The growing application of the PTFE in the medical industry is anticipated to create significant opportunities for the growth of the global PTFE market.

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The PTFE market is analyzed based on the form, applications, and end-user industry. Based on the form the PTFE market is classified into granular form and fine powder form. Owing to the high-water repellent characteristic, low coefficient of friction, low-temperature toughness, and superior chemical and temperature resistance the granular form of PTFE is anticipated to hold considerable market share based on form. Based on the application, the market is segmented into sheets, coatings, pipes, films, and others.

Based on end-user the market is segmented into electrical & electronics, chemical & industrial processing, automotive & transportation, household goods, and others (medical). Automotive and Transportation are anticipated to be a considerable segment based on the end-user industry. The replacement of metal, thermosets, and bulk molding compounds (BMC) by the PTFE owing to its superior characteristics compared to other heavy material is anticipated to make considerable share to this market segment. Moreover, it's cost-effectiveness when compared to thermoset is a further contribution to its high usage in these applications.

Polytetrafluoroethylene (PTFE) Market Segmentation
Global Polytetrafluoroethylene (PTFE) Market by Form
• Granular
• Fine Powder

Global Polytetrafluoroethylene (PTFE) Market by Application
• Sheet
• Coatings
• Pipes
• Films
• Others

Global Polytetrafluoroethylene (PTFE) Market by End-User Industry
• Electrical & Electronics
• Chemical & Industrial Processing
• Automotive & Transportation
• Household Goods
• Others (Medical)


Polytetrafluoroethylene (PTFE) Market – Segment by Region
North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa


Company Profiles
• 3M Co.
• AFT Fluorotec, Ltd.
• AGC Chemicals Americas, Inc.
• Arkema S.A.
• Daikin Industries, Ltd.
• Dalau Ltd.
• DowDuPont, Inc.
• Gujarat Fluorochemicals, Ltd.
• HaloPolymer, OJSC
• Honeywell International Inc.
• J.V.Corp.
• Mitsubishi Chemical Advanced Materials AG
• RTP Co.
• SABIC Group
• Shandong Dongyue Polymer Material Co., Ltd.
• Solvay S.A.
• SuKo Machine Tech Co., Ltd.
• The Chemours Co.
• Tristar Plastics Corp.
• Zeus Industrial Products, Inc.
• Zhejiang Juhua Co., Ltd.


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