What You Need To Know In 2021 About | Polytetrafluoroethylene (PTFE) Market Worth $3.60 Billion By 2027

PTFE is the most dominant type of fluoropolymer that accounts for approximately half of fluoropolymer consumption, globally. PTFE properties include chemical resistance, low friction, mechanical toughness, stress cracking, flexibility, and thermal resistance are responsible for its wide use among all fluoropolymers. PTFE finds application in various industries including chemical & industrial processing, automotive & aerospace, electronics & electrical, building & construction, and consumer goods.

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Based on end-use industry, the chemical & industrial processing segment is estimated to lead the PTFE market.

PTFE resin is extensively used in the chemical & industrial processing industry in the form of films, gaskets, tubes, coatings, liners, and components in a wide range of machinery and equipment. It is mainly used in the manufacturing of pumps and valves, shaft seals, sliding elements, and friction bearings. Chemical resistance, thermal resistance, and flexural strength properties of PTFE make it suitable for its use in the chemical & industrial processing end-use industry.

The APAC PTFE market is projected to grow at the highest CAGR during the forecast period.

APAC is expected to be the fastest-growing PTFE market during the forecast period. The PTFE market in this region is led by China, Japan, India, and South Korea. The increasing demand for PTFE in the production of components used in automobiles, electronic devices, electrical appliances, chemicals, and industrial products in China and Japan, among other economies, is driving the growth in this market in APAC. These factors are driving key market players to expand their business in the APAC region.

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♦ Leading Key Players - 

Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan), Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).

Chemours (US) and Shangdong Dongyue (China) are the Leading Player in the Polytetrafluoroethylene (PTFE) Market

The Polytetrafluoroethylene (PTFE) market is estimated to be USD 1.97 Billion in 2017 and is projected to reach USD 2.66 Billion by 2022, at a CAGR of 6.1% from 2017 to 2022. Exceptional properties of PTFE, increasing demand for high-performance polymers, high growth end-use industries, and demand for PTFE in emerging countries are driving the PTFE market. The PTFE market report analyzes key growth strategies adopted by the leading market players between 2013 and 2017.

Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan), Shangdong Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India) are the key players in the PTFE market. These companies adopted mergers & acquisitions, agreements, partnerships & joint ventures, new product launches, and investments & expansions strategies to strengthen their presence in the PTFE market.

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Table of Contents

1 Introduction (Page No. - 15)

   1.1 Objectives of the Study    1.2 Market Definition    1.3 Market Scope           1.3.1 Years Considered for the Study
   1.4 Currency    1.5 Unit Considered    1.6 Stakeholders

2 Research Methodology (Page No. - 18)

   2.1 Research Data           2.1.1 Secondary Data
                   2.1.1.1 Key Data From Secondary Sources
          2.1.2 Primary Data
                   2.1.2.1 Key Data From Primary Sources
                   2.1.2.2 Key Industry Insights
                   2.1.2.3 Breakdown of Primary Interviews
   2.2 Market Size Estimation           2.2.1 Bottom-Up Approach
          2.2.2 Top-Down Approach
   2.3 Data Triangulation    2.4 Assumptions    2.5 Limitations

Chemours is a leading player in the PTFE market. The company provides fluorochemicals and fluoropolymers. It has been leading the fluorochemicals market since 1930. The company sells PTFE under the brand Teflon. Chemours accounts for a market share of 22% of the fluorochemicals market and 25% of the fluoropolymers market. North America and APAC account for large shares of the sale of Chemours’ fluoroproducts. Chemours focuses on the company’s growth by implementing strategies such as cost reduction, capital investments, enhancement of product portfolio, and optimizing processes. For example, in July 2016, Chemours invested in a new Teflon finishes plant at Chemours’ Changshu works site located in China. The company invested USD 15 million in this production unit. This plant has enabled the company to provide a sustained supply of Teflon coatings in APAC for consumer and industrial applications.


Dongyue Shangdong is a leading player in the PTFE market. The company is a subsidiary of the Dongyue Group. The company started with a PTFE production capacity of 10 kilotons, and it is one of the market leaders of PTFE. The company has strategically focused on innovation to retain and increase its market share. The company aims at enhancing its fluoropolymer production scale, improving process and technology, and increasing its well-established fluoropolymer base in Asia Pacific. The Dongyue Group also hosted a seminar in 2016 on China Fluorine Chemical Technology and Application Development.


Related Reports:
Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion,and Micronized), End-Use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region- Global Forecast to 2022


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Micronized PTFE Market – Industrial Outlook & New Revenue pockets

The report, “Micronized PTFE Market by Application (Inks, Thermoplastics, Coatings, Grease & Lubricants, Elastomers), by Geography - Global Forecast to 2019” defines and segments the Micronized PTFE market with analysis and forecast of the market size. Micronized PTFE: A projected value of $868.29 million by 2019, signifying firm annualized growth of 7.06% between 2014 and 2019

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The major players of micronized PTFE include Shamrock Technologies (U.S.), E.I. DuPont de Nemours & Company (U.S.), Daikin Industries Limited (Japan), Solvay S.A. (Belgium), Micro Powders, Inc. (U.S.), and 3M (U.S.), Asahi Glass Co. Ltd. (Japan), Chenguang Research Institute of Chemical Industry (China), and Gujarat Fluorochemicals Limited (India), Shanghai 3F New Materials Company Limited (China).

Scope of the report:
This research report segments the market on the basis of application and region along with forecast of revenue and analyzing trends in each of the submarkets.

On the basis of application: The market is segmented on the basis of application segments such as inks, thermoplastics, coatings, grease & lubricants, elastomers, and others. Each application is further described in detail in the report with value forecasts for aforementioned applications.

On the basis of region: The micronized PTFE market is segmented by regions Asia-Pacific, North America, Europe, and RoW; and they are further segmented by key countries in each region that include China, Japan, South Korea, India, the U.S., Germany, Italy, the U.K., the Netherlands, and Brazil.

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Asia-Pacific – The biggest market of micronized PTFE

PTFE micro powder or micronized PTFE is made from virgin polytetrafluoroethylene resin or recycled PTFE scrap.
The micronized PTFE market in Asia-Pacific is one of the fastest-growing consumers across the globe and is expected to continue the trend in the near future. Asia-Pacific is the biggest market for micronized PTFE, and accounted for a share of more than 38.00% of the total market size in 2013 that was majorly contributed by China. It is estimated that India is the fastest-growing market of micronized PTFE in the region. The high growth in this region is mainly driven by growing population, vast economies–developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.

Thermoplastic – The fastest-growing market for micronized PTFE

Inks are the biggest application for the micronized PTFE market, followed by thermoplastic having a combined market share of around 66.0% of the total micronized PTFE used in 2013. Inks require different additives in order to achieve the right formulation for usage in different end-user industries. The selection of additives for inks is highly critical because any deviation from the required properties may result in entire formulation being destroyed. PTFE micro powders in inks are sought out for their value-added properties such as small particle size, abrasion/rub resistance, and blocking.

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Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
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USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com