Micronized PTFE market is projected to reach $868.29 million by 2019, signifying firm annualized growth of 7.06% between 2014 and 2019.

The micronized PTFE market has witnessed a significant growth in the recent years, and this growth is projected to persist in the coming years. Due to its characteristic properties such as wear and abrasion resistance, low friction coefficient, flame retarding properties, and tensile strength is used as additive in a wide range of applications such as inks, thermoplastics, coatings, grease & lubricants, and elastomers. The use of PTFE micro powders has been increasing over the years due to increase in the demand of high performance polymers that operate under extreme conditions of temperature and pressure.

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Currently, the Asia-Pacific is the biggest market of micronized PTFE, accounting for 38.00% of the total market size in terms of value in 2013. Among all the countries, the U.S. dominates the micronized PTFE market, which had the maximum market share of micronized PTFE in 2013. Thermoplastic is the fastest-growing application segment of micronized PTFE, followed by grease & lubricants having the small market size for PTFE micro powders. The European market is expected to show the lowest CAGR of 5.65% between 2014 and 2019. Growing innovation and developments in the micronized PTFE consumer industries for better products are directly affecting the rise in the use of PTFE micro powders. The excessive growth and innovation, along with industry consolidations, are projected to ascertain a bright future for the industry in the region.

On the basis of application, the market is further categorized into inks, thermoplastics, coatings, grease & lubricants, and elastomers. The growth in application segment is primarily driven by growing demand from the Asia-Pacific region particularly from China.

The major players of micronized PTFE include Shamrock Technologies (U.S.), E.I. DuPont de Nemours & Company (U.S.), Daikin Industries Limited (Japan), Solvay S.A. (Belgium), Micro Powders, Inc. (U.S.), and 3M (U.S.), Asahi Glass Co. Ltd. (Japan), Chenguang Research Institute of Chemical Industry (China), and Gujarat Fluorochemicals Limited (India), Shanghai 3F New Materials Company Limited (China).

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Asia-Pacific – The biggest market of micronized PTFE

PTFE micro powder or micronized PTFE is made from virgin polytetrafluoroethylene resin or recycled PTFE scrap.

The micronized PTFE market in Asia-Pacific is one of the fastest-growing consumers across the globe and is expected to continue the trend in the near future. Asia-Pacific is the biggest market for micronized PTFE, and accounted for a share of more than 38.00% of the total market size in 2013 that was majorly contributed by China. It is estimated that India is the fastest-growing market of micronized PTFE in the region. The high growth in this region is mainly driven by growing population, vast economies–developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.

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