PTFE Films Market: Overview
Need for corrosion-resistant and high-temperature sustainable packaging solutions developed a huge requirement for PTFE films in the past three years. The PTFE films are very popular with the brand name Teflon introduced by Chemours. PTFE films are manufactured from Polytetrafluoroethylene polymer which makes it durable, low friction and non-sticky. These films consist of high-temperature barrier and no erosion effect is witnessed on the application of harsh chemicals and other solvents. The PTFE films are mostly used in the manufacturing of cooking utensils, where scratch proof and anti-frictional material is highly preferred. Besides this, owing to anti-crush properties PTFE films are consistently used in manufacturing packaging materials. On the back of several benefits such as low tear-resistance and less affected due to environmental conditions, the market of PTFE films is expected to increase with prominent
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PTFE Films Market: Dynamics
Attributing to excellent mechanical and electrical properties, PTFE films are expected to gain significant traction in the electrical and electronics industries in the coming decade. These films are non-flammability and less permeability, which further boosts the demand for PTFE films in electronics industries. Furthermore, these films have a low coefficient of friction; and therefore highly preferred in automobile industries. The packaging industry is witnessing the growing demand for PTFE films for tape manufacturing, and this demand is expected to pave the way for the PTFE films market. Moreover, the high demand for PTFE films is witnessed in manufacturing cooking pans and other utensils. Hence, the market of PTFE films is expected to grow on the backdrop of the expansion of consumer goods manufacturing industries.
In spite of many positive aspects, there are certain factors that might restrain the growth of the PTFE films market. When the PTFE films are overheated, it can release mildly toxic fumes. Also, the PTFE films polymers are very costly compared to other coating materials.
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PTFE Films Market: Segment
Globally, the PTFE Films market has been segmented on the basis of technology, thickness, application, and end use. The detailed classification is as follows:
As per technology, the global PTFE films market has been segmented as:
- Skived
- Extruded
- Cast
As per thickness, the global PTFE films market has been segmented as:
- Less than 15 Micron
- 15 to 25 Micron
- 26 to 50 Micron
- 50 to 100 Micron
- More than 100 Micron
As per application, the global PTFE Films market has been segmented as:
- Tapes
- Utensils and cookware
As per end Use, the global PTFE Films market has been segmented as:
- Medical and Pharmaceutical
- Food and beverages
- Chemical
- Automotive
- Electrical and Electronics
- Others (Agriculture)
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PTFE Films Market: Regional Overview
In the developing countries such as Mexico in Latin America, and China and India in the Asia Pacific have the highest consumption of packaging material. Therefore the market for PTFE films is expected to have a positive outlook in these countries. The PTFE films market in developed countries such as the United States, France, and the United Kingdom is expected to have moderate growth during the forecast period. This growth is attributing to a high demand for PTFE film-based tape manufacturing. Also with the expansion of the food and beverage industries and consumer good manufacturing industries, the countries of the Middle East & Africa are expected to have lucrative growth opportunities of the PTFE films market in the next decade. In conclusion, the demand for scratch-proof packaging material is projected to drive the global demand for the PTFE films market during the forecast period.
PTFE Films Market: Key Players
Some of the key players of PTFE Films Market are listed below:
- Enflo Inc.
- Rogers Corporation
- Guarniflon S.p.A.
- Technetics Group
- Chukoh Chemical Industries
- Lenzing Plastics
- DUNMORE Corporation
- Markel Corporation
- 3M Company
- Nitto Denko
Apart from this many new players are entering in to the PTFE films Market for significant revenue generation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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