The report, “Micronized PTFE Market by Application & Geography”, defines and segments the global market with analysis and forecast of the market size.
Micronized PTFE are used as additives in different applications such as inks, thermoplastics, coatings, grease & lubricants, and elastomers. The percentage of addition of these additives varies from application to application, but PTFE imparts its characteristic properties even when it is added in small quantities. Virgin or scrap PTFE is irradiated to obtain low molecular weight and is then grind-ed or milled to obtain an average particle size of less than 10µm. Even though it is an expensive material, it is being widely used due to its versatile properties adding quality to its consumer application.
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Properties imparted by micronized PTFE as an additive to thermoplastics make it beneficial when considering its use in the thermoplastic industry. Of these properties, one of the most significant is its wear resistance property which improves wear characteristics of the material and hence makes it favorable in various end-user industries. Micronized PTFE as a fluoro-additive also imparts properties such as low coefficients of friction, deformation resistant, and improves thermal stability. Its characteristic properties are driving the demand for micronized PTFE as an additive in the thermoplastic industry.
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Micronized PTFE also finds applications in different industries such as chemical processing, automotive, aerospace, mechanical, and electrical & electronics industries because of its properties including chemical inertness, reduction of coefficient of friction, resistance to UV radiation and weathering, increased rub resistance, wear and tear property improvement, and improved lubricity. Inks and coatings consume approximately 72.76% of the micronized PTFE consumed within China.
China’s micronized PTFE market is expected to grow at a CAGR of 7.08%. All the above favoring equations profile China as a huge potential destination for micronized PTFE manufacturers to generate large revenue in the future. China has been an export-oriented country; however, the growing domestic demand is expected to increase internal consumption of micronized PTFE. And hence in the near future, this situation is about to change the country’s perspective as a result of which the demand for micronized PTFE is expected to grow.
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