With burgeoning sales of electrical and electronics items all over the world, the demand for polytetrafluoroethylene (PTFE) is set to grow rapidly in the coming years. This is because PTFE is extensively used in cable ties, battery binders, brush holders, circuit breakers, connectors, and barb insulators. Moreover, with the rapid growth of the population, the demand for electrical and electronics products will soar, especially in the developing South Asian countries.

PTFE is required in various areas such as cable and wire jacketing, high-voltage encapsulation devices for electrical parts and components, and separation of conductive surfaces in capacitors. In addition to this, PTFE is heavily used in the fabrication of semiconductor devices. As per the Semiconductor Industry Association (SIA), the requirement for semiconductors grew massively in 2018. According to the organization, a shipment of more than one trillion units was shipped in 2018.

Furthermore, the total sales of semiconductors grew by more than 20% in China from 2017 to 2018. Apart from this, the rising adoption of PTFE-based utensils is also fueling the demand for the material. This is, in turn, pushing up the sales of the material, which is subsequently driving the expansion of the global polytetrafluoroethylene market. As a result, the value of the market is predicted to grow from $2,197.8 million to $2,953.6 million from 2019 to 2024.

This is credited to the presence of a thriving automotive industry in the region. The growing popularity of lightweight vehicles in the regional countries such as the U.K., Germany, and France will boost the requirement for PTFE coatings in the future. North America will witness rapid growth in the demand for polymers of fluoroethylene in the future years. This would be a result of the expanding industrial sector and the large-scale industrial activities being performed in the North American countries.

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