세계의 폴리테트라플루오로에틸렌(PTFE) 시장 : 예측(2024-2029년)

The global polytetrafluoroethylene (PTFE) market is predicted to grow at a compound annual growth rate (CAGR) of 5.84% between the period 2024 and 2029.

PTFE is a polymer formed out of a carbon chain covalently bonded with two entities of fluorine and is widely used across diverse fields, especially in the production of non-stick articles like utensils. Polytetrafluoroethylene or PTFE is a highly chemical and thermally stable material that belongs to the fluoropolymer. Teflon, Hostaflon, Polyflon are some of its trade marks. PTFE materials have low friction and are non-stick, they have high melting temperatures and do not chemically react easily. Some of these are used in non-stick-coated cookware. Further, it has been used for application in industrial goods such as bearings, pipe liners, and some of the sections of valves and pumps.

GLOBAL POLYTETRAFLUOROETHYLENE (PTFE) MARKET DRIVERS:

• Technological advancements in polytetrafluoroethylene (PTFE) products that make the material exhibit better attributes such as wear resistance, low friction, heat, and electric conductivity drive market growth. These developments have ensured that PTFE finds application in highly demanding areas of the economy like the automobile industry, the aircraft industry, and other mechanical industries. In addition, numerous specific PTFE compositions meet strict legislation and have found their use in medical devices, electronics, and chemical industries. For example, a fast-growing UK-based surgical sutures manufacturer, Dolphin Sutures, launched a new range of non-absorbable polytetrafluoroethylene sutures in the dental sector in India in April 2021.

Another such example is the Alioth Alipore TAHF series. The series is made of a hydrophobic and chemically inert PTFE (polytetrafluoroethylene) filter membrane. This device can efficiently maintain microorganisms or particles in moist or humid gases due to strict liquid bacteria retention verification. It also has high strength and can withstand repeated steam sterilizations. It is appropriate for gas sterile filtration and organic solvent filtration with stringent quality criteria in pharmaceutical applications. Besides this, POLYFLON PTFE Compound-Series offered by Daikin Chemicals is a molding powder with a wide variety of applications. It is manufactured by combining POLYFLON PTFE with fillers to increase mechanical qualities while retaining POLYFLON PTFE's good properties. Depending on the molding process, the fine or granular powder can be used for compression, automated, or ram extrusion molding.

Nonetheless, sustainable advancements in eco-friendly formulations also promote market growth while resolving environmental issues. Altogether, PTFE's constant product diversification not only expands the domains of its use but also provides it with a competitive defense.

• PTFE has many uses in medical and pharmaceutical applications as it possesses a range of distinctive features. It also implies that it can safely be put to use in implants and devices with no negative effects on the body. With this, the increase in trade is expected to cause the polytetrafluoroethylene market to expand. For example, United States medical trade with India, involving medical devices and equipment, rose from US$ 8,975 million in 2019 to US$ 11,914 million in the year 2021 as reported by the International Trade Administration.

Furthermore, according to Mexico's Ministry of Economy, the states with the largest amounts of imports of instruments and appliances used in medical sciences were Baja California (USD 380 million), Tamaulipas (USD 295 million), Mexico City (USD 210 million), Jalisco (USD 93.1 million), and Nuevo Leon (USD 74.1 million). Expansion in the number of imported medical instruments and appliances fuels the overall need for PTFE, which is apt for the preparation of parts like seals, gaskets, coatings, and other such products that require biocompatibility, chemical stability, high-performance polymers that can beat extreme conditions and further fuel the global PTFE market.

PTFE's excellent chemical inertness allows it to come into touch with pharmaceuticals, human fluids, and sterilization chemicals without affecting its qualities or polluting the surroundings. Additionally, its low friction coefficient allows for smooth movement throughout the body, which is vital for applications like catheters and guidewires. These characteristics, together with its heat resistance, lead to PTFE's extensive usage in medical devices, implants, and pharmaceutical production equipment, where dependability and safety are of utmost importance.

GLOBAL POLYTETRAFLUOROETHYLENE (PTFE) MARKET SEGMENT ANALYSIS:

• Growing application of polytetrafluoroethylene (PTFE) in the automotive industry.

PTFE is steadily being incorporated into the automotive industry owing to its valuable characteristics. The automotive business advances the need for PTFE given that the chemical contributes to improving fuel economy and extending the life cycle and reliability of components essential for applications like seals, bearings, and friction-reducing. Further, with the growth in the automobile industry, the market is anticipated to be positively impacted. As per the PIB, two-wheelers moto, and passenger automobiles took the major market shares for the FY 2021-22. The market share was 77% for two-wheeler motors and 18% for passenger automobiles.

In line with this, in 2021, the production of automobiles by German manufacturers exceeded 15.6 million units as per the GTAI (Germany Trade & Invest). There were fifteen automotive companies from Germany, which form part of the 75 biggest tier-one suppliers from across the globe. More than 3. 1 million passenger cars and 3,51,000 units come from commercial automobiles assembled in Germany's manufacturing industries in the year 2021 to show that Germany is the largest automotive manufacturing industry in Europe. Furthermore, much like the Automotive Mission Plan 2026, the scrappage policy in the domestic market, and the new production-linked incentive scheme the plans are government-driven. Based on data from the India Brand Equity Foundation (IBEF), the organization estimated the manufacturing of both passenger and commercial vehicles was 23.90 million in the financial year 2023.

Based on the very low value of the coefficient of friction, PTFE is used in applications where negligible friction is important such as piston rings, seals, and bearings. Its chemical inertness and resistance to corrosion enhance its usefulness in tough automotive conditions, assuring longevity and dependability. As manufacturers continue to prioritize economy and sustainability, PTFE's flexible qualities make it a crucial material driving innovation and growth in the automobile industry.

• Asia Pacific's polytetrafluoroethylene (PTFE) market is anticipated to grow significantly.

Faster industrialization, particularly in developing countries such as China, India, and the Southeast Asian nations has created a new wave of demand for PTFE materials in automobile components, electronic devices, and construction in the Asia Pacific region. Their expansion has, therefore, been occasioned by a growing manufacturing sector as well as infrastructural growth. For instance, the Indian government plans to boost the size of the automotive sector to Rs. 15 lakh crores by the end of 2024. Thus, from April 2000 to September 2022 the industry received USD 33 billion. It ranked third globally with FDI amounting to 77 billion, which equates to 5% of India's two trillion dollars in gross domestic product as stated by PIB.

In addition, highly stringent and demanding norms in sectors such as the healthcare sector, food packaging, and automotive sectors due to the chemical inertness and non-toxicity of PTFE also offer long-term prospects. Concerning this, based on research published by NIH in 2022, it was found that ninety-two percent of the injecting patients in China already use insulin pens and on the other hand, 3.4% still use syringes, whereas 3% use a combination of insulin pens and syringes and 0.7% use pens and pumps. The usage and the growth of insulin pens in China are expected to be one of significant factors that are responsible for driving the market growth.

PTFE is further used in nanoelectronics due to the dielectric properties it offers in enhanced insulation and protection of nano-electrical parts. The government of India through the Ministry of Electronics and Information Technology (MeitY) has initiated several programs to foster nanoelectronics research and innovation in India. Major Nanoelectronics Centres of International Standards have been created at the country's best institutes. These Centres' cutting-edge nanofabrication facilities have gained popularity both in India and throughout the world.

Comprehensively, the Asia Pacific PTFE market is characterized by strong industrial expansion, rising consumer markets, regulatory compliance requirements, technical innovation, and sustainability initiatives, positioning it as a dominant region in the worldwide PTFE industry landscape.

Global Polytetrafluoroethylene (PTFE) Market Key Developments:

• In March 2022, Toray Industries, Inc. created a high-strength textile using Toyoflon, a low-friction PTFE fiber. The new textile preserves fluoropolymer's exceptional friction resistance. Toray studies revealed that the slide endurance is 25 times better than that of existing counterparts, with friction reduced by more than half.
• In February 2022, Gujarat Fluorochemicals Limited planned to expand its PTFE and PVDF capacity at its integrated production facility in Dahej, India. The growth plan includes adding emulsion PTFE capacity in 2023 and about 10,000 tonnes of battery-grade PVDF capacity over the following 2-3 years.

The global polytetrafluoroethylene (PTFE) market is segmented and analyzed as follows:

By Form

• Granular
• Micro Powder
• Fine Powder
• Others

By Application

• Sheet
• Coatings
• Pipes
• Films
• Others

By End-User Industry

• Chemical & Industrial Processing
• Electronics & Electrical
• Automotive & Aerospace
• Medical & Pharmaceutical
• Building & Construction
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• United Arab Emirates
• Rest of Middle East and Africa
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
  • 4.1.1. Wide Range of Applications in Various End-User Industries
  • 4.1.2. Advancements in Technology
• 4.2. Market Restraints
  • 4.2.1. Substitution by Alternative Products
  • 4.2.2. Environmental Concerns
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. The Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. GLOBAL POLYTETRAFLUOROETHYLENE (PTFE) MARKET BY FORM

• 5.1. Introduction
• 5.2. Granular
• 5.3. Micro Powder
• 5.4. Fine Powder
• 5.5. Others

6. GLOBAL POLYTETRAFLUOROETHYLENE (PTFE) MARKET BY APPLICATION

• 6.1. Introduction
• 6.2. Sheet
• 6.3. Coatings
• 6.4. Pipes
• 6.5. Films
• 6.6. Others

7. GLOBAL POLYTETRAFLUOROETHYLENE (PTFE) MARKET BY END-USER INDUSTRY

• 7.1. Introduction
• 7.2. Chemical & Industrial Processing
• 7.3. Electronics & Electrical
• 7.4. Automotive & Aerospace
• 7.5. Medical & Pharmaceutical
• 7.6. Building & Construction
• 7.7. Others

8. GLOBAL POLYTETRAFLUOROETHYLENE (PTFE) MARKET BY GEOGRAPHY

• 8.1. Global Overview
• 8.2. North America
  • 8.2.1. United States
  • 8.2.2. Canada
  • 8.2.3. Mexico
• 8.3. South America
  • 8.3.1. Brazil
  • 8.3.2. Argentina
  • 8.3.3. Rest of South America
• 8.4. Europe
  • 8.4.1. United Kingdom
  • 8.4.2. Germany
  • 8.4.3. France
  • 8.4.4. Italy
  • 8.4.5. Spain
  • 8.4.6. Rest of Europe
• 8.5. Middle East and Africa
  • 8.5.1. Saudi Arabia
  • 8.5.2. United Arab Emirates
  • 8.5.3. Rest of Middle East and Africa
• 8.6. Asia-Pacific
  • 8.6.1. China
  • 8.6.2. India
  • 8.6.3. Japan
  • 8.6.4. South Korea
  • 8.6.5. Taiwan
  • 8.6.6. Thailand
  • 8.6.7. Indonesia
  • 8.6.8. Rest of Asia-Pacific

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Market Share Analysis
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Competitive Dashboard

10. COMPANY PROFILES

• 10.1. 3M
• 10.2. AGC Chemicals Company
• 10.3. Daikin Chemicals, Inc.
• 10.4. Dongyue Group
• 10.5. Toray Fluorofibers America, Inc.
• 10.6. Gujarat Fluorochemicals Limited
• 10.7. HaloPolymer
• 10.8. Standard Fluoromers Pvt. Ltd.
• 10.9. AFT Fluorotec
• 10.10. Ensinger Plastics
• 10.11. The Chemours Company
• 10.12. Cangzhou Quanshengfu New Materials Co., Ltd.