The polytetrafluoroethylene (PTFE) market is projected to exhibit a considerable growth rate during the forecast period. The growing application of PTFE in the end-user industry is one of the major factors augmenting the growth of the PTFE market across the globe. PTFE is a versatile and high-performance fluoropolymer made up of carbon and fluorine particles. High heat resistance, electrical insulation power in hot and wet environments, low coefficient of friction, strong anti-adhesion properties, high fatigue resistance under low stress are among the key characteristics of the PTFE making it suitable for several applications. The non-stick coating in kitchen cookware is among the key application of PTFE, thereby driving its high demand in the household item manufacturing industry. PTFE is often used in industries ranging from chemical processing, construction sector, industrial sector, electrical and electronic, and oil & gas, and so on.
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In the chemical industry, the PTFE is utilized for making coatings for heat exchangers, pumps, autoclaves, diaphragms, impellers, containers tanks, reaction vessels, owing to their high heat resistance ability. In the electrical and electronics industry PTFE is used for making electrical insulation, flexible printed circuit boards (PCBs), and semiconductor parts owing to its inertness and its operating temperature range that ranges from minus 1700C to 2880C. In the automotive and transportation industry, the PTFE is used to make valve stem seals, shaft seals, transmission, linings for fuel hoses, O-rings, gaskets, power steering, and so on. In the medical industry, PTFE is used to make cardiovascular grafts, ligament replacement, heart patches.
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Additionally, PTFE is used for making electrical parts, electronic parts, and auto parts. The several applications of the PTFE compound include motor cover, motor brushes, and TV set accessories, and many others. The compounds made from PTFE are designed to enhance long-term reliability. In the countries of Asia-Pacific, PTFE is a highly demanding material in the electrical and electronic industry, hence a significant market can be expected in the near future.
Key market trends covered in the market report
- Asia-Pacific is anticipated to hold considerable market share during the forecast period.
- Sensitivity to creep and abrasion, low radiation resistance are some of the characteristics of PTFE that may restrict the growth of the global PTFE market.
- Geographical expansion is a key strategy of market players to remain competitive in the market place.
- Rise in the patent approval to offer significant opportunities for market growth across the globe.
Global Polytetrafluoroethylene (PTFE) Market Segmentation
By Form
- Granular
- Fine Powder
By Application
- Sheet
- Coatings
- Pipes
- Films
- Others
By End-User Industry
- Electrical & Electronics
- Chemical & Industrial Processing
- Automotive & Transportation
- Household Goods
- Others (Medical)
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