Polytetrafluoroethylene (PTFE) has made some development in recent years. According to the data compiled from public information, although the domestic PTFE production capacity has maintained a certain scale of growth, the domestic consumption scale and export volume have grown slowly, and the capacity utilization rate has remained at a low level below 70% [0]. However, by 2021, China’s PTFE production has reached 121,500 tons, and the market size is expected to exceed 156,000 tons. The compound annual growth rate of the future market forecast will exceed 5%.
In terms of price, the price of PTFE in China has experienced two significant rises and falls in 2021, but since 2022, affected by changes in the overall downstream demand and supply and demand structure, the price of PTFE has increased steadily as a whole. According to data in mid-November 2022, the price of polytetrafluoroethylene (PTFE) in China is 49,000 yuan/ton.
In terms of market demand, PTFE has a wide range of applications in many fields. In the short term, the major factors driving the growth of the market are its superior chemical resistance and thermal properties along with rising demand for non-stick cookware. In addition, applications in the electrical and electronic fields are also increasing. The chemical and industrial processing industry is the dominant segment of the PTFE market and is expected to continue its dominance over the forecast period.
It should be noted that the Asia-Pacific region currently dominates the global PTFE market, and China is the largest market in the Asia-Pacific region. The Asia Pacific region is expected to maintain its leadership in market share during the forecast period, with the chemical and industrial process sectors remaining to dominate the market in terms of volume.
Although the domestic production capacity of PTFE has increased, the supply is relatively loose. In order to enhance the market competitiveness of China’s PTFE products, it is necessary to focus on improving the self-sufficiency rate of cutting-edge fluorine chemical products, and to make PTFE products more high-end, high-quality, refined, and high-added. The direction of value and new use varieties. At the same time, effective investment will be concentrated on the extension end of the industrial chain, and breakthroughs will be made in cutting-edge products to achieve sustainable development.
To sum up, although the domestic PTFE supply is slightly loose, its market size and demand still maintain a growth trend, and it is expected that the PTFE market will grow steadily in the future.
[0] Although the domestic PTFE production capacity has maintained a certain scale of growth in recent years, the domestic consumption scale and export volume have grown slowly, and the capacity utilization rate of the domestic PTFE industry has been maintained at a low level below 70%. Therefore, on the surface, the domestic The supply of PTFE is slightly loose. In 2020, China’s PTFE output will reach 121,500 tons (excluding foreign companies). From 2016 to 2020, China’s PTFE production and operating rate changes Source: public information compilation 3. Price trend In 2021, my country’s PTFE price economy has risen and declined twice. Steady growth, as of mid-November 2022, the price of polytetrafluoroethylene (PTFE) in my country is 49,000 yuan/ton. China’s PTFE price trend chart from November 2012 to November 2022 Source: Compiled by Huajing Industrial Research Institute
[1] The polytetrafluoroethylene (PTFE) market size is estimated to be over 156 kilo tons by 2021 and the market is expected to register a CAGR of over 5% during the forecast period (2022-2027). The market was negatively impacted by COVID-19 in 2020. However, the market is currently estimated to have reached pre-pandemic levels and is expected to grow steadily in the future. The major factors driving the growth of the market in the short term are superior chemical resistance and thermal properties, rising demand for non-stick cookware, and rising applications in electrical and electronics. The chemical and industrial processing industry dominates the market and is likely to continue to do so during the forecast period. Growing healthcare applications are likely to further provide opportunities for the research market during the forecast period. The Asia Pacific region dominates the global market. Share trends are expected to remain unchanged during the forecast period, with chemical and industrial processing still dominating the market in terms of volume.