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The granular polytetrafluoroethylene or PTFE is a fluoropolymer, which is made from fluorine atoms and carbon. The granular powder form of PTFE is produced by breaking down coarse particles which are obtained by suspension polymerization. The product is ideal for molding different kinds of stock shapes such as tubes, rods, and sheets. Additionally, the granular polytetrafluoroethylene offers various beneficial properties which include adhesion, electrical properties, excellent chemical resistance, low-temperature toughness, high-temperature performance, and flame resistance. These properties surge the demand for products in the chemical & industrial processing, electronics & electrical, automotive & aerospace, and consumer goods application.
The polytetrafluoroethylene is categorized into granular, dispersion, fine powder, and micronized form. In which granular polytetrafluoroethylene is highly used. The demand is attributed to its beneficial properties such as a low coefficient of friction, and water repellent. This further makes it an ideal as well as a preferred choice over fine powder and micronized form. Also, it's chemical inertness and high-temperature performance properties help to surge its demand in the automotive and aerospace industries. Hence, the rising demand will fuel the granular polytetrafluoroethylene (PTFE) market growth during the review period.
However, factors such as a change in the regulatory environment, demand-supply gap, fluctuation in the raw material prices impacts and cause the fluctuation in the prices of granular polytetrafluoroethylene. Hence, this is anticipated to restrain the market growth.
Key Market Driver -
The rising demand for granular polytetrafluoroethylene over fine powder and dipersion to drive the market growth.
Key Market Restraint -
Fluctuation in the prices to restrict the market growth.
Based on application, the granular Polytetrafluoroethylene market is segmented into chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the granular polytetrafluoroethylene market include Teflon™, Fluorogistx, MatWeb LLC, Chemours, Daikin, 3M, Asahi Glass Company, Shanghai 3F New Materials Company Ltd., HaloPolymer, and Gujrat Fluorochemicals.
Asia Pacific is anticipated to witness sustainable growth in the granular polytetrafluoroethylene market. The growth is due to the rising use of the product in the chemical & industrial processing. The rapid growth in the electronics industry will propel the market growth in North America, in which the US, Canada, Mexico are the leading countries. In Europe, growth is attributed to the increasing utilization of the product in the automotive and aerospace industries. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product in the consumer goods application.
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