India Polytetrafluoroethylene (PTFE) Market – Industry Analysis and Forecast (2023-2029)

India Polytetrafluoroethylene (PTFE) Market demand was nearly 6.55 Kilo Tons in 2022 and is expected to reach 10.65 Kilo Tons, at a CAGR of 7.2 % during forecast period of 2023 to 2029.

Polytetrafluoroethylene (PTFE) is the dominant type of fluoropolymer that accounts for approximately 50% fluoropolymer consumption, worldwide. The applications of PTFE in various industries including automotive & aerospace, chemical & industrial processing, electronics & electrical, building & construction, and consumer goods.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

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India Polytetrafluoroethylene (PTFE) Market Dynamics
There are several Polytetrafluoroethylene manufacturers in India, owing to the increasing demand of PTFE and most of them provide good products and deals to the clients from across the globe. The demand for PTFE in India stood at approximately 5.7 Kiloton in 2020, and is projected to witness xx% growth rate during the forecast period.

The India Polytetrafluoroethylene (PTFE) Market has witnessed considerable growth in recent years because of growth in automotive industry. The use of PTFE in automobiles results in increased fuel efficiency and decreasing emissions. At present, the Gujarat and Karnataka are witnessing rapid growth of PTFE production at CAGR of xx% in the automotive industry. The various applications of PTFE in aerospace because of PTFE have properties like fire-retardant and emits low smoke and toxic gases that can stand with aggressive applications under a wide range of temperatures.

The opportunity for PTFE market is used in the medical applications because of chemical inertness that makes it biocompatible and easily degraded by medical fluids. Plastic surgery, cardiovascular, peripheral vascular grafts, orthopedic, dental and ophthalmology are some of the applications in the healthcare industry, which use PTFE for its exceptional properties.

The price of PTFE have varied and increase in the recent years, due to shutting down of several Mumbai and Gujarat manufacturing units. Gujarat accounted for more than 35 % of the total production of PTFE in 2020 and is also the Indian largest PTFE manufacturer. Gujarat Fluorochemicals Limited (GFL) offers a wide range of Granular Virgin PTFE resins under its brand name inoflon®. Currently, the average price in the PTFE in market US$ 15 per kg.
India Polytetrafluoroethylene (PTFE) Market Segment Analysis
On the basis of product form, the PTFE market is segmented into granular, fine powder, dispersion, micronized and others. The PTFE granular resins offer chemical inertness, low coefficient of friction, high-temperature resistance, outstanding chemical resistance, excellent adhesion, low-temperature toughness, electrical properties, and superb water repellant properties. Granular PTFE finds application in industries includes automotive & aerospace, and chemical & industrial processing because of their resistance to high temperature and chemicals.

Among the all End-use industry, Electronics & electrical segment is projected to be the dominant market for PTFE. PTFE has important applications in the electronics & electrical end-use industry as it offers excellent electrical insulation properties under harsh environmental conditions such as aggressive chemicals and high temperatures. In terms of application Sheet the PTFE market is segmented into Coating, Pipes and Films. Films segment is expected to grow at the xx% CAGR during the forecast period.

The report covers the Indian market leaders such as Hindustan Polymer, Karnataka Polymer Products, Vipro Tools & Engineers, Vescoat India, and Gujarat Fluorochemicals Limited. More than fifteen companies are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time.

The objective of the report is to present comprehensive analysis of Polytetrafluoroethylene (PTFE) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Polytetrafluoroethylene (PTFE) Market dynamics, structure by analyzing the market segments, and project the Polytetrafluoroethylene (PTFE) Market size. Clear representation of competitive analysis of key players by Polytetrafluoroethylene (PTFE) Type, price, financial position, product portfolio, growth strategies, and regional presence in the Polytetrafluoroethylene (PTFE) Market make the report investor’s guide.
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India Polytetrafluoroethylene (PTFE) Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
6.55 Kilo Tons.


Forecast Period 2023 to 2029 CAGR:
7.2%
Market Size in 2029:
10.65 Kilo Tons.


 Segments Covered:
by Product From
Granular
Fine Powder
Micro Powder
Others (include dispersions, liquids etc.)


by End-use industry
Chemical & Industrial Processing
Electronics & Electrical
Automotive & Aerospace
Consumer Goods
Building & Construction


by Application
Sheet
Coating
Pipes
Films



India Polytetrafluoroethylene (PTFE) Market, Key Players
1. Hindustan Polymer
2. Karnataka Polymer Products
3. Vipro Tools & Engineers
4. Vescoat India
5. Gujarat Fluorochemicals Limited
6. 3M Company (Dyneon GmbH)
7. Arkema
8. AGC Inc.
9. DAIKIN INDUSTRIESLtd
10. DowDuPont
11. Edlon
12. Fluorocarbon Surface Technologies
13. Hubei Everflon Polymer CO.Ltd
14. Impreglon UK Limited
15. INOFLON
16. Marcote UK LTD
17. Metal Coatings Corp
18. Praxair Surface Technologies Inc.
19. PTFE Applied Coatings
20. Solvay
21. The Chemours Company
22. Toefco Engineered Coating SystemsInc.
23. Whitford Corporation

Frequently Asked Questions:

1. What is the growth rate of India Polytetrafluoroethylene (PTFE) Market?
Ans: The India Polytetrafluoroethylene (PTFE) Market is growing at a CAGR of 7.2% during forecasting period 2023-2029.

2. What is scope of the India Polytetrafluoroethylene (PTFE) Market report?
Ans: India Polytetrafluoroethylene (PTFE) Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

3. Who are the key players in India Polytetrafluoroethylene (PTFE) Market?
Ans: The important key players in the India Polytetrafluoroethylene (PTFE) Market are – Hindustan Polymer, Karnataka Polymer Products, Vipro Tools & Engineers, Vescoat India, Gujarat Fluorochemicals Limited, 3M Company (Dyneon GmbH), Arkema, AGC Inc., and DAIKIN INDUSTRIESLtd

4. What is the study period of this Market?
Ans: The India Polytetrafluoroethylene (PTFE) Market is studied from 2022 to 2029.