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.
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.
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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