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Growing Industrial Sector Globally Propels Micronized PTFE Market

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Published on : Aug 28, 2019

The micronized Polytetrafluoroethylene (PTFE) has several applications for anti-blocking properties and at the high surface lubricity is needed. The polymer of PTFE is synthesized from thermal decomposition of micronized PTFE and air milling. Along with the process of synthesis, the size of product can be customized according to the demand for different application. 

The demand for micronized PTFE is rising from the thermoplastics industry is a key factor driving growth of the global micronized PTFE market. Additionally, properties of micronized PTFE including low friction coefficient, high tensile strength, high abrasion, flame retardancy, and high wear resistance are making the micronized material suitable to be used across several applications mainly as thermoplastic. Thus, the market is estimated to witness lucrative growth in coming years.

The market is primarily driven by growth in the industrial sector especially in the developing countries across Asia Pacific. The industries such as coatings, automotive, electronics, and textiles are growing with faster pace that in turn is predicted to fuel growth of the global micronized PTFE market. 

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However, the stringent environmental regulations about usage of fluoro-chemicals are expected to hamper the micronized PTFE market. Fluro-chemicals are considered as greenhouse gases environmental agencies such as Environmental Protection Agency (EPA). Thus, regulations implicated on the greenhouse gases globally, will be imposed on PTFE use, which is restraining growth of the global micronized PTFE market. 

On the region, the micronized PTFE market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Of these, Asia Pacific is expected to dominate the global micronized PTFE market. This is attributable to the growing manufacturing sector coupled with industrialization in the region.

Some of the key players operating in the micronized PTFE market are 3M, Solvay SA, Shamrock Technologies, Inc., Micro Powders Inc., Maflon S.p.a., Gujarat Fluorochemicals Ltd., The Chemours Company, Shanghai 3F New Materials Company Ltd, Daikin Industries Ltd., and Jiangxi Aidmer Seal & Packing Company Ltd.