Polytetrafluoroethylene (PTFE) Market: Trends, Opportunities and Competitive Analysis
Global Polytetrafluoroethylene Market Trends and Forecast
The future of the global polytetrafluoroethylene market is attractive with opportunities in the industrial processing, electrical and electronics, automotive, construction, and healthcare end uses. The Polytetrafluoroethylene market is expected to reach an estimated $4.5 billion by 2027 with a CAGR of 7.0% 2021 to 2027. The major drivers for growth in this market are increasing demand in the industrial maintenance sector particularly due to the chemical and oil resistance properties of polytetrafluoroethylene.
Emerging Trends in the Global Polytetrafluoroethylene Market
Emerging trends, which have a direct impact on the dynamics of industry, include development of closed loop up cycling manufacturing, penetration of PTFE in new application, and new developments in the field of solar industry.
A total of 109 figures / charts and 72 tables are provided in this 187-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the Polytetrafluoroethylene market report, please download the report brochure.
Global Polytetrafluoroethylene Market by Segment
The study includes trends and forecast for the global Polytetrafluoroethylene market by end use, form, application, and region as follows:
Global Polytetrafluoroethylene Market by End Use [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
- Industrial processing
- Electrical and Electronics
- Automotive
- Construction
- Healthcare
- Others
- Granular
- Fine Powder
- Aqueous Dispersion
- Micronized Powder
- Micronized Powder Form by Application
- Granular Form by Application
- Fine Powder Form by Application
- Aqueous Dispersion Form by Application
- North America
- Europe
- Asia Pacific
- Rest of World
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies global Polytetrafluoroethylene companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the global Polytetrafluoroethylene companies profiled in this report include.
- Daikin
- Gujarat Fluorochemicals Ltd
- 3M Dyneon
- Chemours (Dupont)
- Hindustan Fluorocarbons Limited
- Asahi Glass Co
- Kureha Corporation
- HaloPolymer OJSC
- Solvay Solexis S.P.A
- Dongyue Federation
- Lucintel forecast industrial processing will remain the largest end use and it is also expected to witness the highest growth over the forecast period due to increasing demand for polytetrafluoroethylene based plastic products in chemical processing equipment.
- Micronized powder will remain the largest segment by value and volume over the forecast period because of non-adhesiveness, low friction, non-stick nature, resistance to chemicals, heat, shock, and moisture, high dielectric quality properties. Aqueous dispersion is expected to witness highest growth over the forecast period.
- Asia Pacific (APAC) is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period due to growth in end uses.
- Market Size Estimates: Polytetrafluoroethylene market size estimation in terms of value ($M) and Volume (M lbs).
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Polytetrafluoroethylene market size by various segments, such as end use, form, application, and regions in terms of value and volume.
- Regional Analysis: Polytetrafluoroethylene market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different end use industries, form, application, and regions for the polytetrafluoroethylene market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the global Polytetrafluoroethylene market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Q1. What is the global Polytetrafluoroethylene size?
Answer: The global polytetrafluoroethylene is expected to reach an estimated to $4.5 billion by 2027.
Q2. What is the growth forecast for global Polytetrafluoroethylene market?
Answer: The Polytetrafluoroethylene market is expected to grow at a CAGR of 7.0% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the global Polytetrafluoroethylene market?
Answer: The major drivers for growth in this market are increasing demand in the industrial maintenance sector particularly due to the chemical and oil resistance properties of polytetrafluoroethylene.
Q4. What are the major end uses global polytetrafluoroethylene?
Answer: Industrial processing and healthcare are the major end uses for polytetrafluoroethylene.
Q5. What are the emerging trends of global polytetrafluoroethylene market?
Answer: Emerging trends, which have a direct impact on the dynamics of industry, include development of closed loop up cycling manufacturing, penetration of PTFE in new application, and new developments in the field of solar industry.
Q6. Who are the global polytetrafluoroethylene companies?
Answer: Some of the key global polytetrafluoroethylene companies are as follows:
- Daikin
- Gujarat Fluorochemicals Ltd
- 3M Dyneon
- Chemours (Dupont)
- Hindustan Fluorocarbons Limited
- Asahi Glass Co
- Kureha Corporation
- HaloPolymer OJSC
- Solvay Solexis S.P.A
- Dongyue Federation
Answer: Lucintel forecasts that micronized powder will remain the largest segment by value and volume over the forecast period because of non-adhesiveness, low friction, non-stick nature, resistance to chemicals, heat, shock, and moisture, high dielectric quality properties. Aqueous dispersion is expected to witness highest growth over the forecast period.
Q8: In global Polytetrafluoroethylene, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region and witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the global polytetrafluoroethylene market by end use (industrial processing, electrical and electronics, automotive, construction, healthcare, and others), form (granular resins, fine powders, aqueous dispersion, and micronized powders), application (micronized form by application, granular form by application, fine powder form by application and aqueous dispersion form by application), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
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- 1. Executive Summary
- 2. Market Background and Classifications
- 2.1: Introduction, Background, and Classifications
- 2.2: Supply Chain
- 2.3: Industry Drivers and Challenges
- 3. Market Trends and Forecast Analysis from 2016 to 2027
- 3.1: Macroeconomic Trends and Forecast
- 3.2: Global Glass Fiber Reinforced Plastic Market Trends and Forecast
- 3.3: Global Glass Fiber Reinforced Plastic Market by End Use
- 3.3.1: Transportation
- 3.3.2: Marine
- 3.3.3: Wind Energy
- 3.3.4: Aerospace
- 3.3.5: Pipe and Tank
- 3.3.6: Construction
- 3.3.7: Electrical and Electronics
- 3.3.8: Consumer Goods
- 3.3.9: Others
- 3.4: Global Glass Fiber Reinforced Plastic Market by Resin Type
- 3.4.1: UPR Resin
- 3.4.2: Vinyl Ester Resin
- 3.4.3: Epoxy Resin
- 3.4.4: PA Resin
- 3.4.5: PP Resin
- 3.4.6: Phenolic Resin
- 3.4.7: Other Resins (PU, PBT)
- 3.5: Global Glass Fiber Reinforced Plastic Market by Manufacturing Process
- 3.6: Global Glass Fiber Reinforced Plastic Market by Product Type
- 4. Market Trends and Forecast Analysis by Region
- 4.1: Global Glass Fiber Reinforced Plastic Market by Region
- 4.2: North American Glass Fiber Reinforced Plastic Market
- 4.2.1: Market by End Use: Transportation, Marine, Wind Energy, Aerospace, Pipe and Tank, Construction, Electrical and Electronics, Consumer Goods, and Others
- 4.2.2: Glass Fiber Reinforced Plastic Market of the USA
- 4.2.3: Glass Fiber Reinforced Plastic Market of Canada
- 4.2.4: Glass Fiber Reinforced Plastic Market of Mexico
- 4.3: European Glass Fiber Reinforced Plastic Market
- 4.3.1: Market by End Use: Transportation, Marine, Wind Energy, Aerospace, Pipe and Tank, Construction, Electrical and Electronics, Consumer Goods, and Others
- 4.3.2: Glass Fiber Reinforced Plastic Market of Germany
- 4.3.3: Glass Fiber Reinforced Plastic Market of the UK
- 4.3.4: Glass Fiber Reinforced Plastic Market of Spain
- 4.3.5: Glass Fiber Reinforced Plastic Market of France
- 4.3.6: Glass Fiber Reinforced Plastic Market of Italy
- 4.4: APAC Glass Fiber Reinforced Plastic Market
- 4.4.1: Market by End Use: Transportation, Marine, Wind Energy, Aerospace, Pipe and Tank, Construction, Electrical and Electronics, Consumer Goods, and Others
- 4.4.2: Glass Fiber Reinforced Plastic Market of China
- 4.4.3: Glass Fiber Reinforced Plastic Market of India
- 4.4.4: Glass Fiber Reinforced Plastic Market of Japan
- 4.4.5: Glass Fiber Reinforced Plastic Market of Taiwan
- 4.5: ROW Glass Fiber Reinforced Plastic Market
- 4.5.1: Market by End Use: Transportation, Marine, Wind Energy, Aerospace, Pipe and Tank, Construction, Electrical and Electronics, Consumer Goods, and Others
- 4.5.2: Glass Fiber Reinforced Plastic Market of Brazil
- 5. Competitor Analysis
- 5.1: Product Portfolio Analysis
- 5.2: Market Share Analysis
- 5.3: Operational Integration
- 5.4: Geographical Reach
- 5.5: Porter’s Five Forces Analysis
- 6. Growth Opportunities and Strategic Analysis
- 6.1: Growth Opportunity Analysis
- 6.1.1: Growth Opportunities for the Global Glass Fiber Reinforced Plastic Market by End Use
- 6.1.2: Growth Opportunities for the Global Glass Fiber Reinforced Plastic Market by Region
- 6.2: Emerging Trends in the Global Glass Fiber Reinforced Plastic Market
- 6.3: Strategic Analysis
- 6.3.1: New Product Development
- 6.3.2: Capacity Expansion
- 6.3.3: Mergers, Acquisitions, and Joint Ventures
- 6.3.4: Certification and Licensing
- 7. Company Profiles of Leading Players
- 7.1: Owens Corning
- 7.2: Jushi Group Co., Ltd.
- 7.3: Chongqing Polycomp International Corporation (CPIC)
- 7.4: Taishan Fiberglass Inc.
- 7.5: Nippon Electric Glass Co., Ltd.
- 7.6: 3B-The Fibreglass Company (Goa Glass fiber)
- 7.7: Johns Manville Corporation
- 7.8: Nitto Boseki Co., Ltd
- 7.9: BASF SE
- 7.10: Ashland LLC
- 7.11: Huntsman
- 7.12: Hexion
- 7.13: Polynt
- 7.14: Cytec Solvay Group
- 7.15: Celanese
- 7.16: SABIC
- 7.17: DuPont
- 7.18: AOC
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