Polytetrafluoroethylene (PTFE) Market Estimated to Reach US$ 3.3 Billion Globally By 2027 | CAGR of 5.04%

According to IMARC Group latest report titled" Polytetrafluoroethylene (PTFE) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on polytetrafluoroethylene (PTFE) market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global polytetrafluoroethylene (PTFE) market size reached US$ 2.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2027, exhibiting a growth rate (CAGR) of 5.04% during 2022-2027.

Polytetrafluoroethylene (PTFE) refers to a fluorocarbon solid formed by the process of polymerization of the monomer tetrafluoroethylene (TFE) and is one of the most dominant fluoropolymers. It is a strong, waxy and non-flammable synthetic resin that is chemically inert and non-reactive. Chemical resistance, low friction, mechanical toughness, stress cracking, flexibility, and thermal resistance are some of its outstanding characteristics. Due to its ability to reduce wear and fuel consumption, it is used as a lubricant in machinery, as well as for manufacturing pistons, valves, and expansion joints.

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Market Trends:

The market is primarily driven by the augmenting product demand across several end-use industries, such as construction, electronics, electrical, and chemical processing. In addition to this, the increasing utilization of PTFE in the formulation of biocompatible membranes and grafts in the medical sector is providing an impetus to the market. The market is further driven by the considerable rise in the production of fire-retardant and low-emission automotive parts and components fostering lower emissions and increased fuel efficiency. Some of the other factors that are creating a positive market outlook include the growing demand for corrosion-resistant industrial coatings, considerable growth in the pharmaceutical industry and extensive research and development (R&D) activities.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• AGC Inc.
• Zhonghao Chenguang Research Institute
• Daikin Industries Ltd.
• Dongyue Group
• Gujarat Fluorochemicals Limited
• Halopolymer OJSC
• Jiangsu Meilan Chemical Co. Ltd
• Shanghai 3F New Material Co. Ltd
• Solvay SA
• The 3M Company
• The Chemours Company
• Zhejiang Juhua Co. Ltd

Polytetrafluoroethylene (PTFE) Market Segmentation:

Our report has categorized the market based on region, form, type, application and end-use industry.

Breakup by Form:
• Granular
• Micro Powder
• Fine Powder
• Others

Breakup by Type:
• Virgin PTFE
• Stainless Steel Filled PTFE
• Carbon Filled PTFE
• Bronze Filled PTFE
• Glass Filled PTFE
• Others

Breakup by Application:
• Sheet
• Coatings
• Pipes
• Films
• Others

Breakup by End-Use Industry:
• Industrial & Chemical Processing
• Electrical & Electronics
• Automotive
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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