Global PTFE Gasket Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global PTFE Gasket Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global PTFE Gasket market finds that the global PTFE Gasket market reached a value of USD 1465.74 million in 2022. It’s expected that the market will achieve USD 1951.92 million by 2028, exhibiting a CAGR of 4.89% during the forecast period.

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization declared it a public health emergency.

First, COVID-19 is a global humanitarian challenge. Thousands of health professionals are fighting the virus heroically, putting their lives at risk. Governments and industry are working together to understand and respond to challenges, provide support for victims, their families and communities, and seek treatment and vaccines.

In the public context of the COVID-19 crisis, the industry is being affected by COVID-19. At present, it is impossible to accurately predict the degree of control of the epidemic in various countries, nor can it predict whether it will operate normally for long-term economic activities. Affected by the epidemic, many countries and regions have adopted measures such as suspension of flights, suspension of flights, immigration control, import suspension, tariff increase, etc., some cross-border logistics channels have been interrupted, and many factories have suspended production and production, which has impacted domestic and multinational manufacturing supply chains. In this epidemic, the most developed manufacturing countries in the world, such as China, the United States, Italy, the United Kingdom, Germany, France, Spain, Japan, and South Korea, are also the most severely affected by the epidemic.

Some manufacturing plants of PTFE gaskets were temporarily suspended due to the epidemic, and the processing and transportation of raw materials were also hindered. Affected by trade policies, the import and export of products is being more strictly controlled.

Drivers

Polytetrafluoroethylene (PTFE) is a special polymer material with excellent performance. Because of its high price, it was once only used in high-end fields such as the military industry, aerospace, and nuclear industry. In recent years, due to the development of economy and science and technology, PTFE has begun to enter the civilian field. It plays an important role in petrochemical, aerospace, automotive compressor, electronics, semiconductor, medicine, construction, textile, food, and other industries with its superior performance.

Restraints

The supply side of the fluorine chemical industry chain including PTFE is highly affected by environmental factors. Fluorite and anhydrous hydrofluoric acid are the main raw materials of the fluorine chemical industry chain. Fluorite is a natural non-renewable ore, the main component is CaF2, which is the source of fluorine in nature. The fluorine element in fluorite ore is difficult to directly extract, so the fluorite ore mined from the mine must be processed into powder and refined into high-purity acid-grade fluorite powder, and then reacted with industrial sulfuric acid to produce highly chemically active Anhydrous hydrofluoric acid (AHF) is used by the downstream fluorine chemical industry. Therefore, fluorite and anhydrous hydrofluoric acid are necessary upstream raw materials for almost all fluorine chemical products. The production and prices of fluorite and hydrofluoric acid also profoundly affect the cyclical fluctuations of the entire fluorine industry. The production of refined fluorite powder and hydrofluoric acid is accompanied by a large amount of waste water and waste gas emissions. Hydrofluoric acid is also a highly corrosive hazardous chemical. Therefore, the production capacity of fluorite and hydrofluoric acid has been affected by environmental protection policies in recent years.

Region Overview:

In 2021, the share of the PTFE Gasket market in Europe stood at 35.56%.

Company Overview:

Teadit is one of the major players operating in the PTFE Gasket market, holding a share of 4.78% in 2022.

Teadit

Teadit N.A., Inc. supplies miscellaneous industrial products. The Company provides carbon fiber and graphite, synthetic and aramid yarn, bushing material, oxygen service, compressed fiber sheet, high temperature gasketing material, and other products. Teadit N.A serves customers worldwide.

Freudenberg Sealing Technologies

Freudenberg Sealing Technology Co., Ltd. (FST) is a global market and technology leader in sealing technology. The company provides accumulators, boots, engineered molding solutions, fluid power seals, gaskets, piston seals and thermoplastic seals. Freudenberg Seals sells its products worldwide.

Segmentation Overview:

As for product types, the Virgin PTFE segment held the largest market share in 2021.

Expanded PTFE

Expanded polytetrafluoroethylene gasket is made of 100% PTFE expanded polytetrafluoroethylene material by cutting or stamping. Expanded tetrafluoroethylene material is made by expanding polytetrafluoroethylene into a strong and tough the unique porous material, which is highly fibrous, not only maintains the excellent chemical stability of PTFE itself (not affected by general chemicals); extremely low friction coefficient; wider operating temperature; Will not be aging, permanent and durable; multi-fiber structure makes it have strong toughness as a sealing product.

Modified PTFE

Modified PTFE gasket is also called filled PTFE gasket. It is made of PTFE resin added with a certain amount of filler, such as glass fiber, bronze powder, molybdenum disulfide, graphite, carbon fiber, etc., after high-speed mixing. It is formed by pressing with a mold, and then sintered at a high temperature to make gaskets and other products, or press to form a modified PTFE plate, and then press or cut to form.

Virgin PTFE

Virgin PTFE gaskets are made of 100% pure material and can be used for most general applications. It is very soft and easy to form, and is usually used for chemically resistant seals and gaskets.

Application Overview:

The market's largest segment by application is the segment Chemical & Petrochemical , with a market share of 25.14% in 2021.

Key Companies in the global PTFE Gasket market covered in Chapter 3:

Teadit
ERIKS NV
Planichem (Carrara SpA)
The Flexitallic Group Inc.
Zhejiang Jiari Fluoroplastic Co., Ltd.
Nexgen Fluoropolymers Pvt
Garlock Sealing Technologies
Nichias Corporation
Freudenberg Sealing Technologies
Gasket Industries
Henning Gasket & Seals, Inc.
Valqua Ltd.
Klinger
All Seals
James Walker & Co.
Dewrance Fillup Combine
American Rubber Industries
Frenzelit GmbH
Trelleborg

In Chapter 4 and Chapter 14.2, on the basis of types, the PTFE Gasket market from 2018 to 2029 is primarily split into:

Expanded PTFE
Modified PTFE
Virgin PTFE
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PTFE Gasket market from 2018 to 2029 covers:

Energy
Pharmaceutical
Chemical & Petrochemical
Agriculture
Oil & Gas
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)