PTFE (Polytetrafluoroethylene) Market 2018 | Grow at 12.1% CAGR, Technical Development, Market Trends, Top Vendors, Regions, Forecast 2022

Industry/ Innovation/ Related News:
November 2016 – Rogers Corporation a global leader in engineered material solutions, announces the acquisition of DeWAL Industries, a leading manufacturer of high performance polymer films and pressure sensitive tapes. DeWAL’s business is highly complementary to Rogers’ Elastomeric Material Solutions business enabling expansion into a close market adjacency, and increasing penetration into aerospace, electronics, and other attractive industrial verticals. This acquisation is a strong strategic fit within Rogers Corporations high performance polyurethane and silicone materials business, expanding our portfolio to include PTFE and other materials for technologically advanced applications.

November 2015 – The B’laster Corporation announced an expanded presence in Canada by adding to their retail presence there and entering the country’s industrial market for the first time to increase their North American market share. The B’laster portfolio at Canadian Tire and Wajax includes several products formulated with Teflon™ fluoropolymer to help reduce friction and wear, enhance performance and protect surfaces. These include PB-50 Multi-Purpose Lubricant, Silicone Lubricant, Chain & Cable Lubricant and Dry Lube.

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Polytetrafluoroethylene (PTFE) Market – Overview
Polytetrafluoroethylene is a high molecular weight synthetic solid state fluorocarbon made entirely of carbon and fluorine atoms. Polytetrafluoroethylene is also commercially recognized as Teflon which is widely used in nonstick cookware. Polytetrafluoroethylene Market is one of the important Fluoropolymer that account for a significant demand of the global market. The electrical industry were the single-largest application of Polytetrafluoroethylene, with a largest market share of the total demand in 2016 due to growing demand of Polytetrafluoroethylene for hookup wire, coaxial cables and other applications.

Now a days, the demand for Polytetrafluoroethylene is increasing as a rod, tubes and un-sintered tapes in industrial applications. Polytetrafluoroethylene rods withstand high temperature range and high chemical resistance, these rods are self-lubricating which provides low friction coefficientand hence are well known for the dimensional accuracy and compact design. Based on the process of manufacturing, MRFR segment the rods in to Molded Polytetrafluoroethylene Rods, Extruded polytetrafluoroethylene Rods. Due to rapid growth in chemical and electrical industries and ease of machining and excellent balance of end-use properties, extruded Polytetrafluoroethylene rods are on high demand in the world.

Polytetrafluoroethylene tubes have excellent electrical resistance, high temperature application. Polytetrafluoroethylene tubes have lowest coefficient of friction among all Fluoropolymer which makes it ideal in lubricious slippery material to reduce linear friction. Polytetrafluoroethylene tubes are chemical resistant to all types of acids and solvents making it 100% chemically inert. Based on the process of manufacturing, Polytetrafluoroethylene tubes are segmented in to molded Polytetrafluoroethylene tubes, extruded Polytetrafluoroethylene tubes. Because of excellent balance of end used property like, low coefficient of friction among all Fluropolymers, non-wetting, self-lubricating material, the extruded Polytetrafluoroethylene tube market is growing in the world.

Polytetrafluoroethylene (PTFE) Market - Regional Analysis
Asia Pacific region accounted largest market share in the Global Polytetrafluoroethylene Market and expected to dominate during the forecast period due to rapid industrialization, high demand of engineering plastics and high penetration of end user industry in the region. The unique properties of Polytetrafluoroethylene such as lowest coefficient of friction among all Fluoropolymer which makes it ideal in lubricious slippery material to reduce linear friction and chemical resistant to all types of acids and solvents making it 100% chemically inert are some of the factors that drive Polytetrafluoroethylene in Asia Pacific Market. Asia pacific market is mainly occupied by China being largest consumer and manufacturer and exporter of Polytetrafluoroethylene. Europe is the second largest market for Polytetrafluoroethylene followed by North America.

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