Polytetrafluroethylene (PTFE) Market to Grow USD USD 1156.8 Million in 2028 with a CAGR of 8.29% | Valuates Reports
BANGALORE, India, Nov. 22, 2022 /PRNewswire/ -- The Global PTFE Market is Segmented by Type (Granular, Fine Powder, Dispersion, Micronized), by Application (Chemical and Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods, Building and Construction): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Chemicals Industry Category.
Due to the COVID-19 pandemic, the global PTFE market size is estimated to be worth USD 717.3 Million in 2021 and is forecast to be a readjusted size of USD 1156.8 Million in 2028 with a CAGR of 8.29% during the forecast period 2022-2028.
Major factors driving the growth of the PTFE market are:
PTFE is used in a variety of end-user industries including chemical and industrial processing, electronics and electrical, automotive and aerospace consumer goods, building and construction due to its characteristics such as resistance to nearly all chemicals, the continuous working temperature of +260°c, very high electrical resistance, resistance to weather, UV light and corrosion inert, non-toxic and biocompatible. The PTFE market is anticipated to increase as a result of these factor.
Get Free Sample Report: https://reports.valuates.com/request/sample/QYRE-Auto-21B9905/Global_PTFE_Seals
TRENDS INFLUENCING THE GROWTH OF THE PTFE MARKET:
The suspension polymerization process produces coarse particles that are then coarsely ground into PTFE's granular powder form. It is used for molding with ram extrusion or compression molding. Chemical inertness, remarkable chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical characteristics, and strong water repellency are all features of PTFE granular resins. Because of its resilience to high temperatures and chemicals, granular PTFE finds use in a variety of industries, including automotive, aerospace, and chemical and industrial processing. These factors are expected to drive the growth of the PTFE market.
In the electronics and electrical end-use industries, PTFE is widely used because it provides good electrical insulating qualities in challenging environments like high temperatures and hostile chemicals. For component producers and equipment designers, it also offers exceptional chemical, temperature, and design freedom. The PTFE market in the electronics and electrical industry is being driven by these characteristics of PTFE.
For steel and reinforced plastic vessels and columns used in reactions, distillations, absorptions, and other chemical processes, PTFE resins provide an efficient lining. These linings increase service life, lower maintenance requirements, and safeguard product purity. For pans and other cookware, polytetrafluoroethylene is used as a non-stick coating. It is frequently used in containers and pipework for reactive and corrosive chemicals because it is non-reactive, in part due to the strength of the carbon-fluorine bonds. Furthermore, it functions as a paint sealer, providing automobile with a non-stick layer that will smooth out the paint and keep it bright and new-looking. Additionally, Teflon can act as a transparent layer for paint. This increases the resistance of car to dings and swirls. Thus the increasing application in various end-user industries is expected to fuel the PTFE market growth.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-21B9905/global-ptfe-seals
PTFE MARKET SHARE:
According to estimates, the PTFE market's largest segment is granular PTFE.
During the forecast period, the Electronics & Electricals segment is expected to have the greatest CAGR.
The fastest-growing markets for PTFE are in APAC. Increased investments in chemical production facilities have been made in APAC as a result of the chemical industry's rapid growth. Furthermore, the current industrial revolution is being led by nations like China and India. These elements have given the PTFE market growth prospects.
Buy Chapter Cost Report - Production by Region:
https://reports.valuates.com/market-reports/QYRE-Auto-21B9905/global-ptfe-seals/3
Buy Chapter Cost Report - Consumption by Region: https://reports.valuates.com/market-reports/QYRE-Auto-21B9905/global-ptfe-seals/4
Key Companies:
- ElringKlinger Kunststofftechnik
- AFT Fluorotec Ltd
- Chesterton
- Seal Science
- SKF
- Parker Hannifin
- Eurosealings
- James Walker
- Trelleborg Sealing Solutions
- Kastas
Buy Chapter On Company Profiles: https://reports.valuates.com/market-reports/QYRE-Auto-21B9905/global-ptfe-seals/7
Buy Now for Single User + Covid-19 Impact :
https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-21B9905&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS:
- Granular Polytetrafluoroethylene Market
- PTFE Venting Membrane Market
- PTFE Architectural Membranes Market
- PTFE Hydrophilic Membrane Filter Market
- PTFE Copper Clad Laminate Market
- PTFE Architectural Fabrics Market
- PTFE Immersion Heater Market
- Hydrogen Electrolyser Market
- PTFE & PTFE-based Gaskets Market
- Crosslinked PTFE (RX-PTFE) Market
Click here to see related reports On PTFE Market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports
https://reports.valuates.com/sitemap/html/reports/2
https://reports.valuates.com/sitemap/html/reports/3
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article