Polytetrafluoroethylene (PTFE) Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Polytetrafluoroethylene (PTFE), also known as Dupont’s Teflon, is a high molecular weight compound wholly consisting of carbon and fluorine. It is a fluoropolymer of tetrafluoroethylene and is produced through the process of free-radical polymerization of tetrafluoroethylene. Some of the properties of PTFE include high electronegativity, high molecular weight, inflammability, low coefficient of friction, non-stickiness, hydrophobicity, thermoplasticity, low chemical reactivity, and good dielectric properties. Moreover, it is highly resistant to chemicals and is insoluble in all known solvents.

Market Dynamics

In 2017, the global polytetrafluoroethylene market was valued at US$ 2.91 billion and is expected to witness a CAGR of 5.5% over the forecast period (2019-2027). Increasing use of PTFE in various end use applications such as textile, chemical processing, textile, medical, cookware, electrical, and electronics is one of the major factors that is driving growth of the polytetrafluoroethylene market. Moreover, increasing use of PTFE in photovoltaic modules, fuel cells, and batteries is expected to drive demand for PTFE in the near future.

However, factors such as high cost of PTFE due to increase in raw material prices for fillers, pigments, and fluoropolymer resins and increasing demand for premium-grade products globally are expected to hinder growth of the global polytetrafluoroethylene market over the forecast period.

Market Outlook

On the basis of region, the global polytetrafluoroethylene market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific is expected to be the fastest growing region in the global polytetrafluoroethylene market over the forecast period, owing to increasing demand for PTFE in emerging economies such as China and India. Moreover, growing automotive industry in the region is expected to increase demand for PTFE. This is due to rising demand for lightweight automotive materials from PTFE manufacturers. According to Coherent Market Insights’ analysis, the production of passenger vehicles, trucks, and buses in South Asia increased by around 3.0% and reached 9.2 million units in 2017. Also, vehicle production in China increased by 3.5% and accounted for 29.5 million units in 2017.

Increasing technological advancements for end products is projected to increase demand for PTFE in North America and Europe over the forecast period. Africa, Latin America, and the Middle East are showing rapid economic and industrial growth over the past few years.

Key Players

Some of the major players operating in the global polytetrafluoroethylene market include Dynalab Corp., Daikin Industries Ltd., HaloPolymer, Asahi Glass Co. Ltd., Dongyue Group Ltd., Saint-Gobain, Solvay Solexix S.p.A, and E.I. Dupont de Nemours.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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