Global Polytetrafluoroethylene Market Technological Development, Growth and Outlook to 2025

The Global Polytetrafluoroethylene Market is expected to reach USD 2.96 billion by 2025, from USD 1.93 billion in 2017 growing at a CAGR of 6.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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What is Polytetrafluoroethylene?

Polytetrafluoroethylene is a fluoropolymer formed by the polymerization of monomer polytetrafluoroethylene in presence of a catalyst. It is found in many product types extending from flexible foam to elastomers and from rigid foams to solid compositions. Polytetrafluoroethylene’s features consist of high chemical inertness, excellent heat resistance, optimum dielectric properties and low frictional coefficient. It is also combined with other materials such as glass fibers, carbon and graphite to improve its mechanical and chemical properties. It is a synthetic high molecular weight fluorocarbon comprising carbon and fluorine atoms. Furthermore, PTFE is well known as ‘Teflon’ a registered brand of DuPont often used in cookware and other applications. According to U.S. Census Bureau, in 2016, total construction spending has augmented by 6.5% from the previous year. Moreover, in 2014, construction spending was estimated nearly 11% and in 2015 it increased by 10.7%. According to U.S. Bureau of Labour Statistics, construction sector will have one of the biggest surge in real output and will cross almost USD 1.2 trillion by 2020. Moreover, the U.S. population is expected to grow from 321.2 billion to 338 billion by 2020 and needs more construction. Hence, the demand in the construction sector across the globe will boost the demand for the polytetrafluoroethylene used in construction and help in the growth of the polytetrafluoroethylene market.

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Polytetrafluoroethylene partitioning

The global Polytetrafluoroethylene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Polytetrafluoroethylene market for global, Europe, North America, Asia Pacific and South America..

Some of the major players operating in the global Polytetrafluoroethylene market are – Wacker Chemie, Synthomer, BASF, Celanese, Dow, Arkema Group, ARLANXEO, Asahi Kasei, OMNOVA Solutions, Trinseo, Apcotex, Bangkok Synthetics, Goodyear Chemical, Jubilant Agri & Consumer Products, Kumho Petrochemical, LG Chem, Lion Elastomers, Lubrizol, Shanghai Baolijia, Shanxi Sanwei, Sibur, Sumitomo Chemical, The Synthetic Latex Company, Versalis, Zeon among others.

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