Micronized PTFE Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
PTFE is mainly known as the enhanced powdered form of polytrafluoroethylene resin. Polytetraflyoroethylene resin in its virgin or recycled scrap form is basically used to manufacture some of the end-product. It undergoes through a long and tedious process consisting of technologies, including thermal degradation, electron beam, and grinding. The end-product is found to be a low molecular weight PTFE micro powder. It is used where higher surface lubricity and anti-blocking properties are required. PTFE micro powders are quite popular additives in many industrial materials whose properties or end-use are improved by the addition of PTFE's unique characteristics. Through its extremely low coefficient of friction, PTFE micro powders are able to enhance the appearance, reduce mechanical wear & surface contamination of many materials, and improve abrasion resistance. To be useful as an additive to other materials, it must be incorporated in its micronized form homogenously.
MARKET DYNAMICS
The micronized PTFE market has witnessed a significant growth owing to factors such as wider application in manufacturing inks, thermoplastics, coatings, grease and lubricants, elastomers, and others. PTFE is basically used as additives in various end-use industries. The demand for these products continues to rise as more and more industries require performance polymers. PTFE is becoming increasingly important for many end-use industries for protecting the surfaces of various products. Hence, the growing expansion of paints and coating applications in construction and manufacturing is expected to fuel the global PTFE market. However, the production of micronized polytetrafluoroethylene is mainly subjected to stringent laws and regulations, such as environmental and health & safety standards, set by the government authorities in many countries, which may hamper the market growth in the near future. Nevertheless, with the steady growth in the chemical industry and coating industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Micronized PTFE Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the micronized PTFE market with detailed market segmentation by application and geography. The global micronized PTFE market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading micronized PTFE market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global micronized PTFE market is segmented on the basis of application. The micronized PTFE market on the basis of the application is classified into inks, thermoplastics, coatings, grease and lubricants, elastomers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global micronized PTFE market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The micronized PTFE market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the micronized PTFE market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the micronized PTFE market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global micronized PTFE market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The micronized PTFE market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the micronized PTFE market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the micronized PTFE market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global micronized PTFE market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from micronized PTFE market are anticipated to lucrative growth opportunities in the future with the rising demand for micronized PTFE in the global market. Below mentioned is the list of few companies engaged in the micronized PTFE market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the micronized PTFE market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Asahi Glass Co., Ltd
- Chenguang Research Institute of Chemical Industry
- Daikin Industries Ltd.
- Dupont
- Gujarat Fluorochemicals Limited
- Micro Powder, Inc
- Shamrock Technologies, Inc
- Shanghai 3F New Materials Company Limited
- Solvay Sa
- The 3M Company
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Micronized PTFE Market - By Application
1.3.2 Micronized PTFE Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MICRONIZED PTFE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. MICRONIZED PTFE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MICRONIZED PTFE MARKET - GLOBAL MARKET ANALYSIS
6.1. MICRONIZED PTFE - GLOBAL MARKET OVERVIEW
6.2. MICRONIZED PTFE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MICRONIZED PTFE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. INKS
7.3.1. Overview
7.3.2. Inks Market Forecast and Analysis
7.4. THERMOPLASTICS
7.4.1. Overview
7.4.2. Thermoplastics Market Forecast and Analysis
7.5. COATINGS
7.5.1. Overview
7.5.2. Coatings Market Forecast and Analysis
7.6. GREASE AND LUBRICANTS
7.6.1. Overview
7.6.2. Grease and Lubricants Market Forecast and Analysis
7.7. ELASTOMERS
7.7.1. Overview
7.7.2. Elastomers Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. MICRONIZED PTFE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Micronized PTFE Market Overview
8.1.2 North America Micronized PTFE Market Forecasts and Analysis
8.1.3 North America Micronized PTFE Market Forecasts and Analysis - By Application
8.1.4 North America Micronized PTFE Market Forecasts and Analysis - By Countries
8.1.4.1 United States Micronized PTFE Market
8.1.4.1.1 United States Micronized PTFE Market by Application
8.1.4.2 Canada Micronized PTFE Market
8.1.4.2.1 Canada Micronized PTFE Market by Application
8.1.4.3 Mexico Micronized PTFE Market
8.1.4.3.1 Mexico Micronized PTFE Market by Application
8.2. EUROPE
8.2.1 Europe Micronized PTFE Market Overview
8.2.2 Europe Micronized PTFE Market Forecasts and Analysis
8.2.3 Europe Micronized PTFE Market Forecasts and Analysis - By Application
8.2.4 Europe Micronized PTFE Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Micronized PTFE Market
8.2.4.1.1 Germany Micronized PTFE Market by Application
8.2.4.2 France Micronized PTFE Market
8.2.4.2.1 France Micronized PTFE Market by Application
8.2.4.3 Italy Micronized PTFE Market
8.2.4.3.1 Italy Micronized PTFE Market by Application
8.2.4.4 United Kingdom Micronized PTFE Market
8.2.4.4.1 United Kingdom Micronized PTFE Market by Application
8.2.4.5 Russia Micronized PTFE Market
8.2.4.5.1 Russia Micronized PTFE Market by Application
8.2.4.6 Rest of Europe Micronized PTFE Market
8.2.4.6.1 Rest of Europe Micronized PTFE Market by Application
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Micronized PTFE Market Overview
8.3.2 Asia-Pacific Micronized PTFE Market Forecasts and Analysis
8.3.3 Asia-Pacific Micronized PTFE Market Forecasts and Analysis - By Application
8.3.4 Asia-Pacific Micronized PTFE Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Micronized PTFE Market
8.3.4.1.1 Australia Micronized PTFE Market by Application
8.3.4.2 China Micronized PTFE Market
8.3.4.2.1 China Micronized PTFE Market by Application
8.3.4.3 India Micronized PTFE Market
8.3.4.3.1 India Micronized PTFE Market by Application
8.3.4.4 Japan Micronized PTFE Market
8.3.4.4.1 Japan Micronized PTFE Market by Application
8.3.4.5 South Korea Micronized PTFE Market
8.3.4.5.1 South Korea Micronized PTFE Market by Application
8.3.4.6 Rest of Asia-Pacific Micronized PTFE Market
8.3.4.6.1 Rest of Asia-Pacific Micronized PTFE Market by Application
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Micronized PTFE Market Overview
8.4.2 Middle East and Africa Micronized PTFE Market Forecasts and Analysis
8.4.3 Middle East and Africa Micronized PTFE Market Forecasts and Analysis - By Application
8.4.4 Middle East and Africa Micronized PTFE Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Micronized PTFE Market
8.4.4.1.1 South Africa Micronized PTFE Market by Application
8.4.4.2 Saudi Arabia Micronized PTFE Market
8.4.4.2.1 Saudi Arabia Micronized PTFE Market by Application
8.4.4.3 U.A.E Micronized PTFE Market
8.4.4.3.1 U.A.E Micronized PTFE Market by Application
8.4.4.4 Rest of Middle East and Africa Micronized PTFE Market
8.4.4.4.1 Rest of Middle East and Africa Micronized PTFE Market by Application
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Micronized PTFE Market Overview
8.5.2 South and Central America Micronized PTFE Market Forecasts and Analysis
8.5.3 South and Central America Micronized PTFE Market Forecasts and Analysis - By Application
8.5.4 South and Central America Micronized PTFE Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Micronized PTFE Market
8.5.4.1.1 Brazil Micronized PTFE Market by Application
8.5.4.2 Argentina Micronized PTFE Market
8.5.4.2.1 Argentina Micronized PTFE Market by Application
8.5.4.3 Rest of South and Central America Micronized PTFE Market
8.5.4.3.1 Rest of South and Central America Micronized PTFE Market by Application
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. MICRONIZED PTFE MARKET, KEY COMPANY PROFILES
10.1. ASAHI GLASS CO., LTD
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. CHENGUANG RESEARCH INSTITUTE OF CHEMICAL INDUSTRY
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. DAIKIN INDUSTRIES LTD.
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. DUPONT
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. GUJARAT FLUOROCHEMICALS LIMITED
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. MICRO POWDER, INC
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. SHAMROCK TECHNOLOGIES, INC
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. SHANGHAI 3F NEW MATERIALS COMPANY LIMITED
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. SOLVAY SA
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. THE 3M COMPANY
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
1. Asahi Glass Co., Ltd
2. Chenguang Research Institute of Chemical Industry
3. Daikin Industries Ltd.
4. Dupont
5. Gujarat Fluorochemicals Limited
6. Micro Powder, Inc
7. Shamrock Technologies, Inc
8. Shanghai 3F New Materials Company Limited
9. Solvay Sa
10. The 3M Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.