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Increase in Demand from Aviation and Chemical Industries Expected to Drive Global PTFE Films Market: Ken Research

Polytetrafluoroethylene (PTFE) Films are the insulators possessing unique thermal, mechanical and chemical properties. The PTFE films also have one of the finest substitutes for Teflon, FEP, and PFA based on to its properties and advantages.

Requirement for corrosion-resistant and high-temperature sustainable packaging solutions witnessed huge need for PTFE films in the past few years. The PTFE films are popular with the brand name as Teflon. These films are manufactured from Polytetrafluoroethylene polymer which is has durability, low friction and non-sticky. Some of the other key properties associated with films consist of the high-temperature barriers and no erosion effect to be witnessed over the application of harsh chemicals and other solvents. The PTFE films are also used for the manufacturing of cooking utensils with scratch proof and anti-frictional as key properties are preferred. Besides, the anti-crush properties PTFE films are steadily used for the manufacturing and packaging materials. Some of the other major benefits associated to PTFE films include low tear-resistance and less affect due to environmental conditions, the demand of PTFE films is expected to increase prominently.

According to study, “Global PTFE Films Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global PTFE films market are Saint-Gobain Performance Plastics, Sumitomo Electric, Gore, Markel Corporation, Donaldson, Layne, Pall, Porex, PIL, Chukoh, Taconic, XinxingFenghua, Zeus, Tongda.

Based on type, PTFE films market is segmented into hydrophilic PTFE films, hydrophobic PTFE films and others. Based on technology, market is segmented into extruded, skived and cast. Based on thickness, market is segmented into less than 15 micron, 15-25 micron, 26-50 micron, 50-100 micron and more than 100 micron. Based on application, market is segmented into utensils & cookware and tapes. In addition, based on end-use, market is segmented into water & wastewater treatment, automotive applications, filtration, industrial chemical, medical & pharmaceutical and others.

The PTFE films market is driven by increase in demand from aviation and chemical industries, followed by rise in demand for manufacturing cooking pans and other utensils. However, governmental framework and entry constraints may impact the market. Moreover, increase in usage of PTFE films in the engineering industries and OEM industries is a key opportunity for market. Moreover, rise in manufacturing and exports of numerous aerospace components in different regions around the globe, the use of high-performance film/foils over the various applications have increasingly, ignited the use for PTFE films.

Based on geography, the Asian-Pacific region holds major share in PTFE films market owing to increase in consumption of packaging material in the region. Whereas, the North-American and European regions are estimated to witness higher growth rate due to high demand for PTFE film-based tape manufacturing coupled with expansion of the food & beverage (F&B) industries and consumer good manufacturing industries over the forecast period. In near future, it is predicted that the market will be reached at quick pace as a result of rise in demand for scratch-proof packaging material during the forecast period.

For More Information, click on the link below:-

Global PTFE Films Market Research Report

Related Reports:-

PTFE Films Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global PTFE Films Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

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