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 PTFE 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).
Get the sample pages of the report at: https://www.psmarketresearch.com/market-analysis/ptfe-market/report-sample
PTFE
has different types, namely aqueous dispersion, powder, and granules,
among which, the demand for granular types was the highest in the past.
Even though powder and granular forms have similar properties, granular
is preferred more, as it is relatively difficult to mix fine-powder PTFE
with solids for forming a uniform blend. In addition to this, the
powder variant is more expensive than the granular one. The granular
type is ideal to compress molding for the production of sheets, tubes,
and rods.
PTFE has a number of
applications, including tapes, tubes, fuel additives, films &
sheets, wires & cables, fabrics, and coatings. Out of all these, the
largest demand for PTFE was created for the coatings application in the
past, which is owing to the high requirement for PTFE-coated seals,
valves, and rings in the industrial processing sector. The major end
users of PTFE are medical, automotive, industrial processing,
construction, and electrical & electronics sectors. The largest
demand for the chemical in the past was created by the industrial
processing sector, as PTFE-coated piping, gaskets, and linings are
widely utilized in the sector.
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.
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