Prismane

Global Micronized PTFE Market Demand & Forecast Analysis, 2016-2036

The global micronized PTFE market size was valued at USD 416.8 million in 2021 and is expected to reach USD 712.9 million by 2032, growing at a CAGR of 5% from 2022 to 2032. The increasing demand for high-performance coatings and lubricants from automotive, and industrial is driving the growth of the micronized PTFE market.

Introduction to Micronized PTFE

Micronized Polytetrafluoroethylene (PTFE), is a white powder made up of extremely small particles having an average particle size that ranges from 1 to  25. Thermal decomposition or irradiation of virgin PTFE or PTFE scrap yields Micronized PTFE. The other method that can be used to produce Micronized PTFE is direct polymerization (under controlled conditions). Micronized PTFE is a high-performance fluoropolymer that offers excellent chemical resistance, and low-friction properties. Micronized PTFE is used in a wide range of applications, including industrial coatings, lubricants, and plastics. Micronized PTFE is used as an additives for inks, surface coatings and thermoplastics. Micronized PTFE provides lubricity to improve friction; it provides slippery surface, abrasion resistance, and stain blocking. Since Micronized PTFE are very fine particles, and provides enhanced lubricant performance and lower friction coefficient, it is used in plastics like Polyphenylene Sulphide (PPS), Polysulphones (PSU), and Polyimides. Micronized PTFE can also be dispersed in liquids. 

Major Micronized PTFE Producers

 Some of the key players operating in the global micronized PTFE market include Chemours Company, 3M Company, Solvay, Shanghai 3F New Materials Company, Zhonghao Chenguang Research Institute, Asahi Glass Company, Gujarat Fluorochemicals Limited and Daikin Industries.

Global Micronized PTFE Demand - End-use Industry, 2016 - 2032 (Tons)
Global Micronized PTFE Demand - End-use Industry, 2016 - 2032 (Tons)

Micronized PTFE: Application Overview

The coatings application is the largest application market for micronized PTFE, accounting for more than 35% of the market share in 2021. This is due to the increasing demand for high-performance coatings from various end-use industries such as automotive, aerospace, and marine. The coatings segment is expected to witness significant growth in the long term forecast due to the increasing demand for high-performance coating in the automotive and industrial end use sector. The automotive sector is one of the major end-use industries for micronized PTFE accounting for more than  20% of the global micronized PTFE market. The use of PTFE in the automotive end use is increasing due to its low friction properties, thermal stability and wear resistance.

Global Micronized PTFE Demand, by Region - 2021 (Tons)
Global Micronized PTFE Demand by Regiion


Micronized PTFE: Regional Demand Overview

North America and Asia Pacific together dominate the micronized PTFE market accounting for around 80% of the global micronized PTFE demand, followed by Europe and Rest of world. The presence of major manufacturers in the region and the increasing demand for high-performance coatings and thermoplastics applications are driving the growth of the market. The Asia Pacific region is expected to witness highest growth in the micronized PTFE market owing to the strong economic growth with fast growing demand for plastic products and other applications for micronized PTFE. The demand is expected to be strong especially countries with large populations such as China, India, Indonesia, Thailand, Philippines and Vietnam. Further the increase in living standards and increasing purchasing power among consumers due to economic growth will keep the regional micronized PTFE demand high. Asia-Pacific is the fastest growing consumer of micronized PTFE accounting for over 40% of the global demand and forecast to grow at CAGR of 5% between 2022 and 2030 to cross 9000 tons by 2032. China accounts for more than 50% of the Asia-Pacific micronized PTFE demand. The micronized PTFE demand in China estimated to be around 2400 tons in 2016 and demand has continued to grow at an annual average rate of 5–6% over the last five years, mainly because of increasing demand from its end-use industries.
Global Micronized PTFE Demand, By End Use Industry - 2021 (Kilo Tons)
Global Micronized PTFE Demand, By End Use Industry - 2021 (Kilo Tons)

In terms of micronized PTFE demand by end use industry, the medical and pharmaceuticals are projected to witness highest growth in the forecast period on the back of excellent properties and increasing demand for drug delivery systems and advanced medical devices. The use of micronized PTFE in the medical and pharmaceuticals sector is diverse and expanding, with new applications being developed all the time. In medical & healthcare industries micronized PTFE has gained strong momentum as it can be used in the production of various surgical instruments, implantable medical devices, drug delivery systems, diagnostic equipment, blood bags, etc. The micronized PTFE market for pharmaceuticals end use is poised to grow at a CAGR of 5% between 2022-2032. In pharmaceuticals industry, micronized PTFE is added to a drug formulation to improve its performance, ease of processing and stability.

Scope of Report 

The Micronized PTFE report describes the global Micronized PTFE market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Application and by End Use Industry
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Micronized PTFE Market data in terms of volume and value for each end-use 
   at regional and country level
•  Micronized PTFE Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  End-Use Industries
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2022
          -  Base - 2023
          -  Forecast Period - 2024 – 2036
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      •  Automotive
      •  Paper & Textile
      •  Food & Beverage
      •  Pharmaceutical
      •  Medical
      •  Industrial    
      •  Others 
5.  Introduction to Micronized PTFE and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Micronized PTFE Demand Analysis, By Applications, By End-Use Industries (Volume, Value) (2016–2036) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2036)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Micronized PTFE Market, By Applications
               - Inks
               - Coatings
               - Thermoplastics
               - Elastomers
               - Others
      •  Global Micronized PTFE Market, By End-Use Industries
               - Automotive
               - Paper & Textiles
               - Industrial
               - Medical
               - Food & Beverages
               - Pharmaceuticals
               - Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2036)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Micronized PTFE Market, By Applications
      •  Micronized PTFE Market, By End-Use Industries
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by applications and end-use industries has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the applications and end-use industries to arrive at the regional/global demand growth for the forecast period (2024 – 2036)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      • Micronized PTFE Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - Daikin Industries
             - The Chemours Company
             - 3M / Dyneon
             - Solvay SA
             - Gujarat Fluorochemicals Ltd (GFL)
             - Shamrock Technologies
             - Micro Powders, Inc.
             - Shanghai 3F New Materials Company Limited
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Micronized PTFE report describes the global Micronized PTFE market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Application and by End Use Industry
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Micronized PTFE Market data in terms of volume and value for each end-use 
   at regional and country level
•  Micronized PTFE Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment