Polytetrafluoroethylene (PTFE) Market Size, By Form (Granular, Powder, Dispersion), By Type (Unmodified, Modified), By Manufacturing Process (Suspension, Dispersion), By End-user (Automotive & Aerospace, Building & Construction, Chemical Processing, Electrical & Electronics, Industrial), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Oct 2020  |  Report ID: GMI4842  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 190   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Polytetrafluoroethylene Market size was valued at USD 1.07 billion in 2019 and is estimated to exhibit over 5% CAGR from 2020 to 2026. Growing prominence of fluoropolymers across the world and rising product demand in chemical processing sector will drive the business growth rate by the end of 2026.

Polytetrafluoroethylene is a synthetic tetrafluoroethylene fluoropolymer that is hydrophobic in nature and used to impart a non-stick coating on pans and cookware, and in the chemical processing sector. Growing use across automotive production will drive polytetrafluoroethylene market forecast.

The polytetrafluoroethylene market holds significant share of overall fluoropolymers industry. PTFE is considered under homopolymer category and are commercially available in granular, powder or dispersed form. Although polytetrafluoroethylene is excellent choice for many end-users, the availability of variety of grades and their suitability will play a pivotal role in industry development.

PTFE Market Outlook

Get more details on this report - Request Free Sample PDF

PTFE used in diaphragm and gaskets should not have porous structure as it can contribute in accumulation of bacterial growth, which can dilute the product quality in healthcare, pharmaceutical or food industry. However, the industry will stimulate at substantial rate through 2026 owing to rising product demand in different end-user industries.

The key growth enabling factor behind PTFE market is rising product demand from chemical processing sector. Polytetrafluoroethylene is extensively utilized as coating on variety of equipment including vessels, laboratory equipment, pipework, fuel cell, etc. in chemical industry. The product possesses superior corrosion resistance and chemically inert substance, which makes them ideal choice for chemical manufacturers.

Growing production of chemicals around the globe will further create need for polytetrafluoroethylene market in the sector. Emerging countries including GCC will report substantial growth in chemical production by 2020. Saudi Arabia dominated overall GCC chemical production with more than 65% share in 2016, which is further expected to increase over coming decades.

Although the product has gained substantial attention from end-user industries, the challenges associated with ongoing coronavirus pandemic will slow down growth rate in short span of time. This is majorly attributed to shutdown of production facilities of majority of end-users. However, the PTFE market price will attain descent growth post 2021 in terms of revenue, which can be majorly attributed to stable industry growth of different end-users.

Polytetrafluoroethylene (PTFE) Market Report Coverage
Report Coverage Details
Base Year:2019Historical Data for:2016 to 2019
Market Size in 2019:1,069.1 Million (USD)Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:5.5%No. of Pages:190
2026 Value Projection:1,316.8 Million (USD) Tables, Charts & Figures:307
Geographies covered (21):U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE and Qatar
Segments covered:Form, Type, Manufacturing Process, End-user and Region
Growth Drivers:
  • Increasing product demand in chemical processing sector
  • Technological advancement in PTFE processing sector
  • Increasing electrical and electronics production worldwide
Pitfalls & Challenges:
  • Stringent government regulatory over product usage
  • Adverse impact of coronavirus pandemic on global demand over short term
  • Growing usage of substitutes in the end-user industry

Get more details on this report - Request Free Sample PDF

Granular PTFE will be preferred option for end-users

PTFE Market by Granular Foam

Get more details on this report - Request Free Sample PDF

Granular PTFE accounted for substantial share of overall market in 2019 and estimated to grow at 6% CAGR by 2026. The form is ideally suited for molding variety of shapes including rods, ball valves, tubes, sheets, etc. Granular products are extensively used in making seal rings, valve seats, bearing pads, fittings, electrical insulations and many more components. Increasing demand for industrial parts in end-user industries will further create demand for this PFTE market segment.

Regulatory requirement of unmodified PTFE will be responsible for its lower growth

Unmodified PTFE, also known as virgin polytetrafluoroethylene, is manufactured from 100% pure polytetrafluoroethylene. The product possesses superior chemical resistance and electrical insulation properties. Unmodified type is preferred in food & beverages, pharmaceuticals, cosmetics, etc. industries.

Increasing need for mechanical parts will drive demand for suspension process

Suspension process will witness over 5% CAGR in global polytetrafluoroethylene market by 2026. This process produces granulated or powdered PTFE, which are utilized in manufacturing of gaskets, valves, seals, expansion joints, pipes, electrical insulators, etc. applications. Proliferation of industrial components manufacturing in emerging countries will create demand for suspension process during 2016 to 2026.

Chemical processing sector will be leading in PTFE sector by 2026

PTFE Market by End-user

Get more details on this report - Request Free Sample PDF

Chemical processing end use industry accounted for more than 45% share of global polytetrafluoroethylene market during 2016 to 2026. This can be attributed to superior product properties including corrosion resistance, chemical inertness, electrical insulation, heat resistance, etc.

Increasing production of chemicals worldwide will enhance penetration of PTFE over next few years. Globally, chemical production output has been estimated to cross USD 3 trillion by 2020, which can be contributed to rising consumption of variety of chemical products in end-user industries. Such trends will further provide opportunity to PTFE market manufacturers by 2026.

Presence of Numerous chemical manufacturers will be responsible for leading position of Asia Pacific in PTFE sector

PTFE Market by Region

Get more details on this report - Request Free Sample PDF

Asia Pacific was valued at over USD 440 million in 2019, which is expected to grow further by end of 2026. Presence of large number of chemical producers in major countries including China, India, Japan, etc. are expected to drive polytetrafluoroethylene market demand in near term.

Chinese chemical output is expected to cross a mark of USD 1.5 trillion by the end of 2020, which further drives their dominance in Asia Pacific polytetrafluoroethylene sector. Additionally, rising production of electrical & electronics products in major countries like, China, Japan and South Korea will increase the PTFE market consumption in Asian market.

Presence of top players with large capacities will make PTFE sector competitive

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 and many more.

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.

The polytetrafluoroethylene (PTFE) market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026 for the following segments

By Form

  • Granular
  • Powder
  • Dispersion

By Type

  • Modified
  • Unmodified

By Manufacturing Process

  • Suspension
  • Dispersion

By End-user

  • Automotive & aerospace
  • Building & construction
  • Chemical processing
  • Electrical & electronics
  • Industrial
  • Others (healthcare, food & beverages, etc.)

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Qatar


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.

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Premium Report Details

  • Published Date: Oct 2020
  • Pages: 190
  • Tables: 284
  • Charts / Figures: 23
  • Companies covered: 13
  • Countries covered: 21

Get a report that explains COVID-19 impact on this market, request a free sample now

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X