Product Code: CH 2235
The PTFE market size is projected to grow from USD 2.8 billion in 2024 to USD 3.5 billion by 2029, registering a CAGR of 4.3% during the forecast period. The global PTFE market is witnessing growth due to its versatile properties and it is also widely used in various industries due to its exceptional chemical resistance, low friction, and temperature tolerance properties. Furthermore, PTFE is required for the creation of new and innovative items with premium qualities, which drives the PTFE industry.
Scope of the Report |
Years Considered for the Study | 2021-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million), Volume (Kilo tons) |
Segments | Form, Application, End-use Industry, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"Pipes is projected to be the third fastest growing application in terms of value."
Pipes is projected to be the third fastest growing application in the PTFE market due to several factors. As PTFE pipes are valued because of their non-toxic and non-reactive properties, making them an ideal choice for application in food, pharmaceutical and other industries. The main advantage PTFE pipes possess is its resistance to corrosion, which also helps in transporting highly corrosive chemicals such as acids, solvents and other hazardous materials. They are also available in different sizes and configuration which gives the option to the customers
"Fine powder segment is expected to account for the second-largest share in 2023.."
Fine powder is expected to account for the second largest share in 2023 in terms of volume. PTFE fine powders are versatile form of fluoropolymer, by the process of paste extrusion, these fine powders can be converted into various shapes, tapes and insulation wires, which further increases density of material. When compared with other PTFE forms, fine powder exhibits superior stress crack resistance, higher thermal stability, lower permeability, and higher clarity. It is also used in various applications such as wire & cable insulation, tapes, hoses, tubings and others which contributes to this segment.
"North America is the second-largest market for PTFE."
North America holds a significant position as the second-largest region in the global PTFE market, driven by several factors such as the presence of many manufacturers, particularly in the chemical and electrical & electronics end-use industries which influences the demand for PTFE. The chemical industry is the heart of North America's manufacturing sector. It supplies two-thirds of its production to other industries within the manufacturing sector. The North American chemical industry is a significant part of the region's economy.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the PTFE market, and information was gathered from secondary research to determine and verify the market size of several segments.
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
- By Designation: C Level Executives- 20%, Directors - 10%, and Others - 70%
- By Region: North America - 20%, Europe - 20%, APAC - 40%, South America- 10% , and
the Middle East & Africa -10%
The PTFE market comprises major players such as AGC Inc. (US), Gujarat Fluorochemical Limited (India), DAIKIN INDUSTRIES, Ltd., (Japan), Dongyue Group (China), The Chemours Company (US), 3M (US), SYENSQO (Belgium), HaloPolymer, OJSC (Russia), Shanghai Huayi 3F New Materials Co.Ltd (China), and Micropowders,Inc. (US). The study includes in-depth competitive analysis of these key players in the PTFE market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This report segments the market for PTFE market on the basis of form, application, end use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for PTFE market.
Key benefits of buying this report
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the PTFE market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the PTFE market offered by top players in the global PTFE market.
- Analysis of drivers: (High growth in end use industries, Demand from emerging countries in Asia Pacific) restraints (Environmental impact of PTFE production, New perfluorooctanoic acid (PFOA) regulations restraining the PTFE market), opportunities (Increasing use of PTFE in medical applications, Government encouraging the development of green hydrogen and hydrogen fuel cells) and challenges (Non-biodegradable nature of PTFE, Use of reprocessed PTFE)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the PTFE market.
- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for PTFE market across regions.
- Market Capacity: Production capacities of companies producing PTFE are provided wherever available with upcoming capacities for the PTFE market.
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the PTFE market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED
- 1.3.2 INCLUSIONS AND EXCLUSIONS
- 1.3.3 YEARS CONSIDERED
- 1.4 CURRENCY CONSIDERED
- 1.5 UNITS CONSIDERED
- 1.6 STAKEHOLDERS
- 1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key secondary participants
- 2.1.1.2 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key primary participants
- 2.1.2.2 Key data from primary sources
- 2.1.2.3 Key industry insights
- 2.1.2.4 Breakdown of interviews with experts
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.3 DATA TRIANGULATION
- 2.4 RESEARCH ASSUMPTIONS
- 2.5 FACTOR ANALYSIS
- 2.6 GROWTH FORECAST
- 2.6.1 SUPPLY SIDE
- 2.6.2 DEMAND SIDE
- 2.7 RESEARCH LIMITATIONS
- 2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PTFE MARKET
- 4.2 PTFE MARKET, BY FORM
- 4.3 PTFE MARKET, BY APPLICATION
- 4.4 PTFE MARKET, BY END-USE INDUSTRY
- 4.5 PTFE MARKET, BY APPLICATION AND REGION
- 4.6 PTFE MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 IMPACT OF AI/GEN AI
- 5.2.1 INTRODUCTION
- 5.2.2 OVERVIEW OF IMPACT
- 5.2.2.1 Optimizing production process in polymers
- 5.2.2.2 Enhancing design, production, and optimization of polymers
- 5.2.2.3 AI/GenAI impact on end-use industries
- 5.3 MARKET DYNAMICS
- 5.3.1 DRIVERS
- 5.3.1.1 Increased demand for PTFE in end-use industries
- 5.3.1.2 Rising demand for HPF from emerging economies in Asia Pacific
- 5.3.2 RESTRAINTS
- 5.3.2.1 Environmental impact of PTFE production
- 5.3.2.2 New perfluorooctanoic acid regulations to reduce consumption of PTFE
- 5.3.3 OPPORTUNITIES
- 5.3.3.1 Increasing use of PTFE in medical applications
- 5.3.3.2 Development of green hydrogen and hydrogen fuel cells
- 5.3.4 CHALLENGES
- 5.3.4.1 Non-biodegradable nature of PTFE
- 5.3.4.2 Use of reprocessed PTFE
- 5.4 PORTER'S FIVE FORCES ANALYSIS
- 5.4.1 BARGAINING POWER OF BUYERS
- 5.4.2 BARGAINING POWER OF SUPPLIERS
- 5.4.3 THREAT OF NEW ENTRANTS
- 5.4.4 THREAT OF SUBSTITUTES
- 5.4.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.5 MACROECONOMIC INDICATORS
- 5.5.1 GLOBAL GDP TRENDS
- 5.5.2 AUTOMOBILE PRODUCTION TRENDS
- 5.6 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.6.2 BUYING CRITERIA
- 5.7 VALUE CHAIN ANALYSIS
- 5.7.1 RAW MATERIAL SUPPLIERS
- 5.7.2 MANUFACTURERS
- 5.7.3 DISTRIBUTORS
- 5.7.4 CONVERTORS
- 5.7.5 END USERS
- 5.8 ECOSYSTEM ANALYSIS
- 5.9 CASE STUDY ANALYSIS
- 5.9.1 IMPROVING SEAL PERFORMANCE IN HIGH-PRESSURE AND TEMPERATURE APPLICATIONS WITH SPRING-ENERGIZED PTFE SEALS
- 5.9.2 ADDRESSING FRICTION AND THERMAL EXPANSION ISSUES IN FLAT SCREEN MOUNTING SYSTEMS WITH PTFE COATINGS
- 5.9.3 ENHANCING CONVEYOR RELIABILITY AND UPTIME IN FOOD MANUFACTURING WITH PTFE COMPONENTS
- 5.10 REGULATORY LANDSCAPE
- 5.10.1 REGULATIONS
- 5.10.1.1 North America
- 5.10.1.2 Asia Pacific
- 5.10.1.3 Europe
- 5.10.1.4 Middle East & Africa
- 5.10.1.5 South America
- 5.10.2 REGULATORY BODIES, GOVERNMENT BODIES, AND OTHER ORGANIZATIONS
- 5.11 TECHNOLOGY ANALYSIS
- 5.11.1 KEY TECHNOLOGIES
- 5.11.1.1 Emulsion polymerization
- 5.11.2 COMPLEMENTARY TECHNOLOGIES
- 5.11.2.1 Plasma treatment
- 5.11.2.2 3D treatment
- 5.11.3 ADJACENT TECHNOLOGIES
- 5.11.3.1 PTFE fiber technology
- 5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.13 TRADE ANALYSIS
- 5.13.1 IMPORT SCENARIO (HS CODE 390461)
- 5.13.2 EXPORT SCENARIO (HS CODE 390461)
- 5.14 KEY CONFERENCES AND EVENTS IN 2024-2025
- 5.15 PRICING ANALYSIS
- 5.15.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY FORM
- 5.15.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY
- 5.15.3 AVERAGE SELLING PRICE TREND, BY REGION
- 5.16 INVESTMENT AND FUNDING SCENARIO
- 5.17 PATENT ANALYSIS
- 5.17.1 METHODOLOGY
- 5.17.2 DOCUMENT TYPES
- 5.17.3 PUBLICATION TRENDS IN LAST 10 YEARS
- 5.17.4 INSIGHTS
- 5.17.5 JURISDICTION ANALYSIS
- 5.17.6 TOP 10 COMPANIES/APPLICANTS
- 5.17.7 PATENTS BY CANON INC.
- 5.17.8 PATENTS BY 3M
- 5.17.9 PATENTS BY SHANDONG LANXIANG ENVIRONMENTAL TECHNOLOGY CO. LTD.
- 5.17.10 TOP 10 PATENT OWNERS IN LAST 10 YEARS
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 APPLICATION
- 7.1 INTRODUCTION
- 7.2 SHEETS
- 7.2.1 PERSISTENT USE OF PTFE SHEETS IN FOOD AND PACKAGING INDUSTRY TO DRIVE MARKET
- 7.3 COATINGS
- 7.3.1 HIGH-TEMPERATURE ENDURANCE AND CHEMICAL RESISTANCE TO BOOST DEMAND
- 7.4 PIPES
- 7.4.1 RISING DEMAND FOR PTFE PIPES IN CHEMICAL AND INDUSTRIAL PROCESSING TO DRIVE MARKET
- 7.5 FILMS
- 7.5.1 WIDE APPLICATION IN END-USE INDUSTRIES TO BOOST DEMAND
- 7.6 OTHER APPLICATIONS
8 PTFE MARKET, BY END-USE INDUSTRY
- 8.1 INTRODUCTION
- 8.2 CHEMICAL & INDUSTRIAL PROCESSING
- 8.2.1 PRESSING NEED FOR PTFE IN CHEMICAL AND INDUSTRIAL PROCESSING TO DRIVE MARKET
- 8.2.2 CHEMICAL PROCESSING
- 8.2.3 OIL & GAS
- 8.2.4 PHARMACEUTICALS
- 8.2.5 OTHER INDUSTRIAL PROCESSING APPLICATIONS
- 8.3 AUTOMOTIVE & AEROSPACE
- 8.3.1 IMPROVING COMPONENT PERFORMANCE AND LONGEVITY TO BOOST DEMAND FOR PTFE
- 8.3.2 AUTOMOTIVE
- 8.3.3 AEROSPACE
- 8.4 ELECTRICAL & ELECTRONICS
- 8.4.1 EMERGING TECHNOLOGIES AND RISING DEMAND FOR ELECTRONICS TO DRIVE MARKET
- 8.4.2 TELECOMMUNICATIONS
- 8.4.3 SEMICONDUCTORS
- 8.4.4 ELECTRONIC COMPONENTS AND GADGETS
- 8.4.5 ELECTRICAL
- 8.5 BUILDING & CONSTRUCTION
- 8.5.1 SURGE IN CONSTRUCTION ACTIVITIES TO DRIVE MARKET
- 8.6 CONSUMER GOODS
- 8.6.1 NON-STICK CHARACTERISTICS OF PTFE TO DRIVE DEMAND IN CONSUMER GOODS INDUSTRY
- 8.7 OTHER END-USE INDUSTRIES
- 8.7.1 HEALTHCARE
- 8.7.2 DEFENSE
- 8.7.3 AGROCHEMICAL
9 PTFE MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 ASIA PACIFIC
- 9.2.1 CHINA
- 9.2.1.1 High demand from chemical and industrial processing sector to drive market
- 9.2.2 JAPAN
- 9.2.2.1 Surge in production of chemical and petrochemical-based products to drive market
- 9.2.3 SOUTH KOREA
- 9.2.3.1 Increase in exports to surge demand for PTFE
- 9.2.4 INDIA
- 9.2.4.1 Rising imports and rapid industrialization to boost market
- 9.2.5 TAIWAN
- 9.2.5.1 Rising demand for PTFE in semiconductor coatings to drive market
- 9.2.6 AUSTRALIA
- 9.2.6.1 Increasing investments in new infrastructure to boost demand for PTFE coatings
- 9.2.7 REST OF ASIA PACIFIC
- 9.3 NORTH AMERICA
- 9.3.1 US
- 9.3.1.1 Wide establishment of various manufacturing and end-use industries to drive market
- 9.3.2 CANADA
- 9.3.2.1 Abundance of natural resources and rising export of chemicals to boost market
- 9.3.3 MEXICO
- 9.3.3.1 Immense growth potential for domestic production of chemicals to drive market
- 9.4 EUROPE
- 9.4.1 GERMANY
- 9.4.1.1 Constant innovations in major end-use industries to drive market
- 9.4.2 FRANCE
- 9.4.2.1 Foreign investments to boost construction industry growth
- 9.4.3 UK
- 9.4.3.1 Growth of chemical and construction industries to positively influence market
- 9.4.4 ITALY
- 9.4.4.1 Growth of transportation industry and rise in pipeline construction projects to drive market
- 9.4.5 SPAIN
- 9.4.5.1 Growing domestic demand and rising exports of automobiles to drive market
- 9.4.6 REST OF EUROPE
- 9.5 MIDDLE EAST & AFRICA
- 9.5.1 GCC COUNTRIES
- 9.5.1.1 Saudi Arabia
- 9.5.1.1.1 Government initiatives for economic diversification to boost consumption
- 9.5.1.2 UAE
- 9.5.1.2.1 Increasing demand for PTFE from oil & gas sector to drive market
- 9.5.1.3 Rest of GCC
- 9.5.2 SOUTH AFRICA
- 9.5.2.1 Growth of automotive industry to boost consumption of PTFE components
- 9.5.3 REST OF MIDDLE EAST & AFRICA
- 9.6 SOUTH AMERICA
- 9.6.1 BRAZIL
- 9.6.1.1 Expanding renewable energy projects and oil & gas exploration to increase demand for PTFE
- 9.6.2 ARGENTINA
- 9.6.2.1 Increased investments in renewable energy to drive market
- 9.6.3 REST OF SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
- 10.1 INTRODUCTION
- 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020-2024
- 10.3 MARKET SHARE ANALYSIS, 2023
- 10.4 REVENUE ANALYSIS, 2021-2023
- 10.5 COMPANY VALUATION AND FINANCIAL METRICS
- 10.6 BRAND/PRODUCTION COMPARISON
- 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 10.7.1 STARS
- 10.7.2 EMERGING LEADERS
- 10.7.3 PERVASIVE PLAYERS
- 10.7.4 PARTICIPANTS
- 10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 10.7.5.1 Company footprint
- 10.7.5.2 Region footprint
- 10.7.5.3 Form footprint
- 10.7.5.4 Application footprint
- 10.7.5.5 End-use industry footprint
- 10.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
- 10.8.1 PROGRESSIVE COMPANIES
- 10.8.2 RESPONSIVE COMPANIES
- 10.8.3 DYNAMIC COMPANIES
- 10.8.4 STARTING BLOCKS
- 10.8.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023
- 10.8.5.1 Detailed list of key start-ups/SMEs
- 10.8.5.2 Competitive benchmarking of key start-ups/SMEs
- 10.9 COMPETITIVE SCENARIOS AND TRENDS
- 10.9.1 DEALS
- 10.9.2 EXPANSIONS
- 10.9.3 OTHER DEVELOPMENTS
11 COMPANY PROFILES
- 11.1 KEY PLAYERS
- 11.1.1 DAIKIN INDUSTRIES, LTD.
- 11.1.1.1 Business overview
- 11.1.1.2 Products/Solutions/Services offered
- 11.1.1.3 Recent developments
- 11.1.1.4 MnM view
- 11.1.1.4.1 Key strengths
- 11.1.1.4.2 Strategic choices
- 11.1.1.4.3 Weaknesses and competitive threats
- 11.1.2 DONGYUE GROUP
- 11.1.2.1 Business overview
- 11.1.2.2 Products/Solutions/Services offered
- 11.1.2.3 MnM view
- 11.1.2.3.1 Key strengths
- 11.1.2.3.2 Strategic choices
- 11.1.2.3.3 Weaknesses and competitive threats
- 11.1.3 GUJARAT FLUOROCHEMICALS LIMITED
- 11.1.3.1 Business overview
- 11.1.3.2 Products/Solutions/Services offered
- 11.1.3.3 Recent developments
- 11.1.3.4 MnM view
- 11.1.3.4.1 Key strengths
- 11.1.3.4.2 Strategic choices
- 11.1.3.4.3 Weaknesses and competitive threats
- 11.1.4 THE CHEMOURS COMPANY
- 11.1.4.1 Business overview
- 11.1.4.2 Products/Solutions/Services offered
- 11.1.4.3 Recent developments
- 11.1.4.4 MnM view
- 11.1.4.4.1 Key strengths
- 11.1.4.4.2 Strategic choices
- 11.1.4.4.3 Weaknesses and competitive threats
- 11.1.5 SYENSQO
- 11.1.5.1 Business overview
- 11.1.5.2 Products/Solutions/Services offered
- 11.1.5.3 MnM view
- 11.1.5.3.1 Key strengths
- 11.1.5.3.2 Strategic choices
- 11.1.5.3.3 Weaknesses and competitive threats
- 11.1.6 AGC INC.
- 11.1.6.1 Business overview
- 11.1.6.2 Products/Solutions/Services offered
- 11.1.6.3 MnM view
- 11.1.6.3.1 Key strengths
- 11.1.6.3.2 Strategic choices
- 11.1.6.3.3 Weaknesses and competitive threats
- 11.1.7 3M
- 11.1.7.1 Business overview
- 11.1.7.2 Products/Solutions/Services offered
- 11.1.7.3 MnM view
- 11.1.7.3.1 Key strengths
- 11.1.7.3.2 Strategic choices
- 11.1.7.3.3 Weaknesses and competitive threats
- 11.1.8 HALOPOLYMER, OJSC
- 11.1.8.1 Business overview
- 11.1.8.2 Products/Solutions/Services offered
- 11.1.8.3 MnM view
- 11.1.8.3.1 Key strengths
- 11.1.8.3.2 Strategic choices
- 11.1.8.3.3 Weaknesses and competitive threats
- 11.1.9 SHANGHAI HUAYI 3F NEW MATERIALS CO. LTD.
- 11.1.9.1 Business overview
- 11.1.9.2 Products/Solutions/Services offered
- 11.1.9.3 MnM view
- 11.1.9.3.1 Key strengths
- 11.1.9.3.2 Strategic choices
- 11.1.9.3.3 Weaknesses and competitive threats
- 11.1.10 MICROPOWDERS, INC.
- 11.1.10.1 Business overview
- 11.1.10.2 Products/Solutions/Services offered
- 11.1.10.3 MnM view
- 11.1.10.3.1 Key strengths
- 11.1.10.3.2 Strategic choices
- 11.1.10.3.3 Weaknesses and competitive threats
- 11.2 OTHER PLAYERS
- 11.2.1 DALAU LTD.
- 11.2.2 FREUDENBERG FST GMBH
- 11.2.3 EVERFLON FLUOROPOLYMERS
- 11.2.4 FLUOROCARBON GROUP
- 11.2.5 SHAMROCK TECHNOLOGIES, INC.
- 11.2.6 BERGHOF GMBH
- 11.2.7 IN2PLASTICS
- 11.2.8 PBY PLASTICS, INC.
- 11.2.9 ROCHLING SE & CO. KG
- 11.2.10 SHANDONG HENGYI NEW MATERIAL TECHNOLOGY CO., LTD.
- 11.2.11 MAFLON S.P.A
- 11.2.12 AFT FLUROTEC
- 11.2.13 THE MITSUBISHI CHEMICAL GROUP CORPORATION
- 11.2.14 HANGZHOU FINE FLUOROTECH CO., LTD.
- 11.2.15 SRF LIMITED
12 APPENDIX
- 12.1 DISCUSSION GUIDE
- 12.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 12.3 CUSTOMIZATION OPTIONS
- 12.4 RELATED REPORTS
- 12.5 AUTHOR DETAILS