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Polytetrafluoroethylene (PTFE) Market Share

Report ID: GMI4842
Published Date: Oct 2020
Report Format: PDF

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Polytetrafluoroethylene Market Share

The market is highly competitive with presence of large number of players with strong production capacities. Strategic movements of key players including, production capacity expansion, new product launches and strategic agreements will differentiate themselves in the longer run. Some of the key manufacturers of the polytetrafluoroethylene industry are

AGC Chemicals
Arkema Group
3M
Solvay
The Chemours Company
DuPont
Saint-Gobain Performance Plastics
SABIC
Honeywell

The Chemours Company planned to expand capacity of Teflon, company’s branded PFA polymer, by around 25% in 2018. This has been owing to rising demand for Teflon in semiconductor sector worldwide. Similarly, 3M announced to provide 3D printed PTFE material for meet the growing need for advanced manufacturing in the sector. This will further create new possibilities for polytetrafluoroethylene market in the field of biomedical, chemical processing, pharmaceuticals, research laboratories, etc.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

In 2019, the global polytetrafluoroethylene market size was worth USD 1.07 billion, and it may register 5% CAGR through 2026, driven by rising prominence of fluoropolymers globally.

Granular form held appreciable share in 2019 and may record 6% CAGR through 2026. The form is suitable for molding ball valves, sheets, tubes, and rods.

Suspension process segment may exhibit 5% CAGR through 2026, as this process helps manufacture granulated or powdered PTFE that can be used in developing valves, expansion joints, gaskets, etc.

Chemical processing end use sector held over 45% share of polytetrafluoroethylene industry share and may depict appreciable gains owing to excellent product properties such as chemical inertness, corrosion resistance, etc.

Asia Pacific busines was worth USD 440 million in 2019, and may grow further through 2026, owing to the presence of a huge number of chemical producers across India, China, etc.