Report Synopsis
Attributed to the slowdown in global economy and industrial activities worldwide amid the impact of coronavirus pandemic, global market for Polytetrafluoroethylene (PTFE) has declined by 5.1% year-over-year (YOY) in 2020 compared to 2019. Recovering from the pandemic impact, global market for Polytetrafluoroethylene (PTFE) is projected to reach 250 thousand metric tons by 2026 at a CAGR of 5% between 2021 and 2026.
Asia-Pacific is the world's largest volume market for PTFE, accounting for an estimated 59.6% share in 2021, which is also likely to record the fastest 2021-2026 CAGR of 5.8% in reaching a projected 155 thousand metric tons by 2026. Overall market for PTFE is expected to surpass 200k metric tons valued at US$2.6 billion in 2022.
Research Findings & Coverage
- Global PTFE market is analyzed in this report with respect to product forms and end-use sectors
- The study exclusively analyzes the market sizing of each product form and end-use sector of PTFE by major geographic region/country
- 5G Communication Technology Boosts Demand for PTFE
- Medical Device Industry Fueling Demand for PTFE and Other Fluoropolymers
- Demand for PTFE to Gain Further Momentum from Products with Improved Properties
- Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
- Major companies profiled – 28
- The industry guide includes the contact details for 200 companies
Product Outline
The report analyzes the market for the following product forms of PTFE:
- Granular PTFE
- PTFE Fine Powders
- PTFE Micronized Powders
- PTFE Aqueous Dispersions
Major end-use sectors market of PTFE examined in this report includes the following:
- Automotive & Transportation
- Electrical & Electronics
- Building & Construction
- Chemical Processing
- Industrial/Mechanical
- Others
Analysis Period, Units and Growth Rates
- The report reviews, analyzes and projects the global Polytetrafluoroethylene (PTFE) market for the period 2017-2026 in terms of market volume in metric tons and value in US$ and the compound annual growth rates (CAGRs) projected from 2021 through 2026 with a special focus on pandemic impact during 2019-2020
Geographic Coverage
- North America (The United States, Canada and Mexico)
- Europe (France, Germany, Italy, Russia, The United Kingdom and other countries)
- Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
- Rest of World (South America and Middle East & Africa)