Polytetrafluoroethylene (PTFE) Market Size Forecast 2027 Polytetrafluoroethylene (PTFE), also known as Dupont’s Teflon, is a high molecular weight compound wholly consisting of carbon and fluorine. It is a fluoropolymer of tetrafluoroethylene and is produced through the process of free-radical polymerization of tetrafluoroethylene. Some of the properties of PTFE include high electronegativity, high molecular weight, inflammability, low coefficient of friction, non-stickiness, hydrophobicity, thermoplasticity, low chemical reactivity, and good dielectric properties. Moreover, it is highly resistant to chemicals and is insoluble in all known solvents. Market Dynamics In 2017, the global polytetrafluoroethylene market was valued at US$ 2.91 billion and is expected to witness a CAGR of 5.5% over the forecast period (2019-2027). Increasing use of PTFE in various end use applications such as textile, chemical processing, textile, medical, cookware, electrical, and electronics is one of the major factors that is driving growth of the polytetrafluoroethylene market. Moreover, increasing use of PTFE in photovoltaic modules, fuel cells, and batteries is expected to drive demand for PTFE in the near future. However, factors such as high cost of PTFE due to increase in raw material prices for fillers, pigments, and fluoropolymer resins and increasing demand for premium-grade products globally are expected to hinder growth of the global polytetrafluoroethylene market over the forecast period. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2787 Key Players Some of the major players operating in the global polytetrafluoroethylene market include Dynalab Corp., Daikin Industries Ltd., HaloPolymer, Asahi Glass Co. Ltd., Dongyue Group Ltd., Saint-Gobain, Solvay Solexix S.p.A, and E.I. Dupont de Nemours. For More Information: https://www.coherentmarketinsights.com/ongoing-insight/polytetrafluoroet hylene-ptfe-market-2787 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]
The global polytetrafluoroethylene market was valued at US$ 2.91 billion and is expected to witness a CAGR of 5.5% over the forecast period (2019-2027).
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