Micronized PTFE Market by End-user and Geography - Forecast and Analysis 2022-2026

The micronized PTFE market share is expected to increase by USD79.85 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4%.

This micronized PTFE market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers micronized PTFE market segmentation by end-user (chemical and industrial processing, automotive and aerospace, electrical and electronics, building and construction, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The micronized PTFE market report also offers information on several market vendors, including 3M Co., AGC Chemicals, BYK Chemie GmbH, Clariant International Ltd., DAIKIN INDUSTRIES Ltd., DEUREX AG, Dreyplas GmbH, Fluorez Technology Inc., Gujarat Fluorochemicals Ltd., Maflon SpA, Micro Powders Inc., Nanjing Tianshi New Material Technology Co. Ltd., Reprolon Texas, Shamrock Technologies Inc., Solvay SA, The Chemours Co., and ChenGuang Research Institute of Chemical Industry among others.

What will the Micronized PTFE Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Micronized PTFE Market Size for the Forecast Period and Other Important Statistics

 

Micronized PTFE Market: Key Drivers, Trends, and Challenges

The innovation in the product range is notably driving the micronized PTFE market growth, although factors such as restriction on the use of perfluorooctanoic acid (PFOA) may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the micronized PTFE industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Micronized PTFE Market Driver

One of the key factors driving the global micronized PTFE market growth is the innovation in product range as the market is highly competitive. Various end-users, such as the automotive and aerospace industry and the building and construction industry, are selecting vendors based on their micronized PTFE products degree of superiority and properties. For instance, in May 2020, Clariant AG, operating in Switzerland, announced the launch of new products Ceridust 3942 F TP and Ceridust 3943 F TP, which are micronized PTFE modified polyethylene wax additives. These products enable powder coatings with a fine and homogeneous textured structure and a matte finish and have properties such as mar resistance and anti-slip performance and can be used for coating and ink applications as claimed by the company. Thus, the increase in the number of product launches compliant with the stringent regulations of governing bodies such as EPA will drive the growth of the market in focus during the forecast period.

Key Micronized PTFE Market Trend

Another key factor driving the global micronized PTFE market growth is the growing demand from the inks industry as it offers water-resistance to the surfaces, provides inertness to the surface, and guards the surfaces against various solvents. Micronized PTFE can also reduce clogging, which makes them suitable for the needs of fast printers. Furthermore, according to the Packaging Industry Association of India (PIAI), the country's packaging industry is the fifth-largest globally and is growing at a rate of 22%-25%. According to the Indian Institute of Packaging (IIP), packaging consumption in India increased by 200% in the last decade. In addition, the presence of prominent e-commerce companies such as Alibaba, JD. Com, Pinduoduo, and Kuaishou in China will further lead to an increase in the usage of printing inks. This, in turn, will drive the demand for micronized PTFE from the global inks industry in the forecast period.

Key Micronized PTFE Market Challenge

One of the key challenges to the global micronized PTFE market growth is the restriction on the use of perfluorooctanoic acid (PFOA). In June 2020, the EU published Regulation (EU) 2020/784, which amended the EU legislation on restricting the use of persistent organic pollutants (POPs). The new regulation came into force on July 4, 2020, and restricted the use of perfluorooctanoic acid (PFOA), its salts, and PFOA-related compounds. The regulation sets a maximum concentration of 0.025 mg/kg for PFOA and any of its salts and a maximum concentration of 1 mg/kg for PFOA-related compounds. Such stringent regulations can negatively impact the growth of the global micronized PTFE market during the forecast period.

This micronized PTFE market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global micronized PTFE market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the micronized PTFE market during the forecast period.

Who are the Major Micronized PTFE Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• 3M Co.
• AGC Chemicals
• BYK Chemie GmbH
• Clariant International Ltd.
• DAIKIN INDUSTRIES Ltd.
• DEUREX AG
• Dreyplas GmbH
• Fluorez Technology Inc.
• Gujarat Fluorochemicals Ltd.
• Maflon SpA
• Micro Powders Inc.
• Nanjing Tianshi New Material Technology Co. Ltd.
• Reprolon Texas
• Shamrock Technologies Inc.
• Solvay SA
• The Chemours Co.
• ChenGuang Research Institute of Chemical Industry

This statistical study of the micronized PTFE market encompasses successful business strategies deployed by the key vendors. The micronized PTFE market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.

Product Insights and News

• 3M Co. - The company offers micronized PTFE that includes abrasives, adhesives, sealants, fillers, advanced materials, automotive parts, hardware, building materials, cleaning, supplies, coatings, compounds, and polishes.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The micronized PTFE market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Micronized PTFE Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the micronized PTFE market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global specialty chemicals market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Micronized PTFE Market?

For more insights on the market share of various regions Request for a FREE sample now!

41% of the market's growth will originate from APAC during the forecast period.  China and Japan are the key markets for micronized PTFE in APAC. Market growth in this region will be faster than the growth of the market in North America, Europe, Middle East and Africa, and South America.

The significant increase in usage of micronized PTFE by the regional automotive and aerospace industry and the presence of prominent vendors of micronized PTFE such as Daikin Industries Limited and Asahi Glass Co. Ltd. will facilitate the micronized PTFE market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic had a negative impact on the regional micronized PTFE market. The governments of various countries such as China, Japan, and India, imposed nationwide lockdowns and COVID-19-related restrictions to curb the spread of the disease. As a result, vendors in the market experienced supply chain disruptions due to the shutdown of their manufacturing units. Vendors such as Daikin Industries reported a decline in sales of their chemical business segment by 8.7% in 2020 as compared to the previous year. However, in H2 2020, due to the availability of vaccines and the decline in the number of COVID-19 cases in the region, COVID-19-related restrictions were eased. This led to the reopening of manufacturing units for micronized PTFE by vendors. Factors such as the increasing demand for micronized PTFE from the automotive and aircraft industry will contribute to the growth of the regional market during the forecast period.

What are the Revenue-generating End-user Segments in the Micronized PTFE Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The micronized PTFE market share growth by the chemical and industrial processing segment will be significant during the forecast period. The various benefits that micronized PTFE can offer to the host products used in chemical and industrial processing will drive the growth of the market segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the micronized PTFE market size and actionable market insights on post COVID-19 impact on each segment.

Micronized PTFE Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4%
Market growth 2022-2026	$ 79.85 million
Market structure	Fragmented
YoY growth (%)	3.0
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 41%
Key consumer countries	US, Canada, China, Japan, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., AGC Chemicals, BYK Chemie GmbH, Clariant International Ltd., DAIKIN INDUSTRIES Ltd., DEUREX AG, Dreyplas GmbH, Fluorez Technology Inc., Gujarat Fluorochemicals Ltd., Maflon SpA, Micro Powders Inc., Nanjing Tianshi New Material Technology Co. Ltd., Reprolon Texas, Shamrock Technologies Inc., Solvay SA, The Chemours Co., and ChenGuang Research Institute of Chemical Industry
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Micronized PTFE Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive micronized PTFE market growth during the next five years
• Precise estimation of the micronized PTFE market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the micronized PTFE industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of micronized PTFE market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch