The Chemours Company (US) and Daikin Industries, Ltd. (Japan) are Leading Players in the Polytetrafluoroethylene (PTFE) Market
The PTFE market is projected to reach USD 4.0 billion by 2028, at a CAGR of 6.4% from USD 2.9 billion in 2023. The market growth is driven by influencing factors such as significant demand from end industries such as chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, & building & construction.
The key global players in the PTFE market include The Chemours Company (US), Daikin Industries, Ltd. (Japan), 3M (US), The AGC Group (Japan), Solvay (Belgium), HaloPolymer, OJSC (Moscow), Dongyue Group Limited (China), Gujarat Fluorochemicals Limited (India), Jiangsu Meilan Chemical Co. Ltd. (China), and Shanghai Huayi 3F New Materials Co. Ltd. (China) are the key players in the PTFE market. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
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THE CHEMOURS COMPANY
The Chemours Company was formed as a spin-off of the performance chemicals business from DuPont. The company is a leading global provider of high-end polymers and advanced materials. It holds a leadership position in fluorine chemistry and materials science, a broad scope and scale of operations, a strong applications development competency, and deep customer knowledge. The Chemours Company has segmented its operations into four business segments: Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions. The company provides PTFE under its advanced performance materials business segment. It provides its products to various industries such as automotive, energy, connectivity & advanced electronics, oil & gas, architectural coatings, application development, and medical.
The Chemours Company is present in 58 locations worldwide and has 28 offices globally with nine R&D facilities serving 3,200 customers in North America, Latin America, Asia Pacific, and Europe. The company serves 120 countries and has 24 production facilities worldwide.
DAIKIN INDUSTRIES LTD.
Daikin Industries Ltd. is a leading manufacturer of air conditioning equipment and fluorochemical products. The company has segmented its operations into three business segments: Air conditioning business, chemical business, and filter business. Its portfolio of fluorochemical products includes refrigerant gases, resins, elastomers, and chemicals. The company offers PTFE under its chemical business segment. It offers more than 1,000 products of PTFE and fillers to more than 150 companies in 26 countries. Daikin Industries serves various industries, such as automotive, semiconductor manufacturing, electronics, energy solutions, home & living, building & construction, oil & gas, aerospace, and life sciences, through its fluoropolymer products.
The company has 322 consolidated subsidiaries, of which 30 are in Japan and remaining 292 overseas. Its business has grown to more than 160 countries across Japan, the US, China, Asia/Oceania, Europe, and other countries. The company has a business presence in over 160 countries and production facilities at over 100 locations.
Related Reports:
Polytetrafluoroethylene (PTFE) Market by Form, Application (Sheets, Coatings, Pipes, Films), End-use Industry (Chemical & Industrial Processing, Automotive & Aerospace, Electrical & Electronics, Construction), and Region - Global Forecast to 2028
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