The electrical & electronics sector has been witnessing significant growth over the past few years. As per the Semiconductor Industry Association, the worldwide demand for semiconductors reached a shipment of more than 1 trillion units. In addition to this, the sales of semiconductors in China rose by more than 20.5% in 2018 as compared to 2017. The disposable income of people around the world is increasing, owing to which, they are able to afford different electronics items. This expansion of the industry is bound to create requirement for materials that are utilized in the production of different products.


It is due to these factors that the demand for polytetrafluoroethylene (PTFE) is growing. It is utilized in the electrical & electronics industry for various applications, such as cable tires, battery binders, brush holders, circuit breakers, connectors, barb insulators, and in the fabrication of semiconductor devices. PTFE is a hydrophobic material that is primarily known for its non-stick attributes. It has high density and is resistant to high temperatures, ascribed to which is utilized a number of applications. As per a report by P&S Intelligence, the global Polytetrafluoroethylene market is predicted to attain $2,953.6 million by 2024, rising from $2,197.8 million in 2018, advancing at a 5.0% CAGR during the forecast period (2019–2024).


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Key Questions Addressed

What is the current scenario of the Polytetrafluoroethylene market?
What is the historical size and the present size of the market categories and their future potential?
What are the major catalysts for the market and their impact during the short, medium, and long terms?
What are the evolving opportunities for the players in the market?
Who are the major market players operating in the market?
What products are being offered by major market players?


The ability of the material to enhance the heat and chemical resistance, improve the electrical load bearing capacity of the base material, and reduce sticking and friction are some of the major reasons for its increasing adoption in the industrial processing sector. Geographically, Asia-Pacific has been the largest PTFE market in the past and is further predicted to make the most use of this material in the coming years as well. This is particularly due to the high demand for PTFE from the electrical & electronics and automotive industries in the region.


Globally, APAC was the largest market during the historical period (2014–2018) and is expected to maintain the lead during the forecast period. This can be mainly attributed to the exponential demand for the compound from the regional automotive and electrical & electronics sectors. In January 2018, The Consumer Electronics Association (CEA), a watchdog in the electronics sector, estimated the consumer electronics retail revenue to be $351.0 billion in 2018, an increase of 3.9% from 2017. China is expected to lead the market in APAC region during the forecast period, generating revenue worth $1,594.0 million in 2024.


APAC is also expected to witness the fastest growth during the forecast period, owing to the increasing demand for consumer electronics, surging industrial processing activities in the region, and rising production of automobiles. China is expected to witness the fastest growth in the region, at a CAGR of 6.5% by revenue and 6.6% by volume, during the forecast period.