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Polytetrafluoroethylene (PTFE) is a synthetic material used in a variety of industries and applications to reduce the coefficient of friction. Because of its non-stick properties and high heat resistance, PTFE is used as a non-stick coating for frying pans and other cookware. It makes an excellent insulating material for electrical applications because of its non-conductivity. PTFE is non-reactive to numerous chemicals, due to the chemical resistance of fluoropolymer bonds; making it effective in containers and pipework for reactive and corrosive substances. PTFE reduces friction, wear and energy efficiency of machinery. Because of its low friction, PTFE is used in industrial applications where sliding action of parts is required, such as with bearings, gears, slide plates, etc. In these applications, it delivers significantly better performance than nylon or acetal.
LPI (LP Information)' newest research report, the "PTFE Tapes Industry Forecast" looks at past sales and reviews total world PTFE Tapes sales in 2022, providing a comprehensive analysis by region and market sector of projected PTFE Tapes sales for 2023 through 2029. With PTFE Tapes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world PTFE Tapes industry.
This Insight Report provides a comprehensive analysis of the global PTFE Tapes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on PTFE Tapes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global PTFE Tapes market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PTFE Tapes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global PTFE Tapes.
The global PTFE Tapes market size is projected to grow from US$ 626.4 million in 2022 to US$ 844.3 million in 2029; it is expected to grow at a CAGR of 844.3 from 2023 to 2029.
The PTFE tapes market is marked with intense competition due to the presence of a large number of players. The PTFE tapes market is dominated by several large players such as 3M, Saint-Gobain, Henkel, Berry, Nitto, Technetics Group, A. W. Chesterton Company, Dixon Valve, Oatey, DeWAL Industries (Rogers), RectorSeal, SSP Corporation, Gasoila Chemicals, JC Whitlam Manufacturing, Electro Tape and so on. 3M, Saint-Gobain, Henkel, Berry, Nitto and Technetics Group are the top 6 of PTFE Tapes, with about 62% market shares.
There are major four classification of PTFE tapes in this report: Low Density, Standard Density, Medium Density and High Density. Globally, the production value share of each type of PTFE tapes is 15%, 25%, 24% and 34%.
PTFE tapes are used for aerospace, appliance, automotive, chemical, electronic and electrical, plumbing and pipe and others. Plumbing and pipe has the largest market share, about 28%.
This report presents a comprehensive overview, market shares, and growth opportunities of PTFE Tapes market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- Low Density
- Standard Density
- Medium Density
- High Density
Segmentation by application
- Aerospace
- Appliance
- Automotive
- Chemical
- Electronic and Electrical
- Plumbing and Pipe
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- 3M
- Saint-Gobain
- Henkel
- Berry
- Nitto
- Technetics Group
- A. W. Chesterton Company
- Dixon Valve
- Oatey
- DeWAL Industries (Rogers)
- RectorSeal
- SSP Corporation
- Gasoila Chemicals
- JC Whitlam Manufacturing
- Electro Tape
Key Questions Addressed in this Report
What is the 10-year outlook for the global PTFE Tapes market?
What factors are driving PTFE Tapes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do PTFE Tapes market opportunities vary by end market size?
How does PTFE Tapes break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?