Micronized Polytetrafluoroethylene (PTFE) is a polymer, which has wide-ranging applications where anti-blocking properties and excellent surface lubricity is required. This polymer is synthesized from PTFE raw material by using thermal decomposition and air milling. With this process, the size of the product can be customized according to the requirement of the application.
Growing demand for micronized PTFE mainly from the thermoplastics industry is said to be the key drivers for growth of the micronized PTFE market globally. Properties of micronized PTFE including high tensile strength, low friction coefficient, excellent abrasion, excellent flame retardancy, and high wear resistance, are making them suitable to be used across a number of applications mainly as thermoplastic.
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Here are some other factors influencing on the growth of the micronized PTFE market:
The market is primarily driven by growth in the industrial sector, mainly in the emerging economies in the Asia Pacific region. The industries such as automotive, coatings, electronics, and textiles are growing with the fast pace in the region, which is predictable to propel growth of the micronized PTFE market. Also, increased demand for better performing polymers as their performance is improved when they are under high temperature and pressure, which is fuelling growth of the global micronized PTFE market.
Stringent regulations imposed on the usage of fluoro-chemicals for ensuring the safety of environment are expected to hamper the micronized PTFE market. Fluro-chemicals are measured environmental agencies like Environmental Protection Agency (EPA) and greenhouse gases of the U.S. have imposed restrictions on its use, which is propelling growth of the global market for micronized PTFE.
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Growing demand for PTFE and especially the micronized PTFE is encouraging manufacturers to improve their products by investing in research activities. The key players are increasingly focusing on development and present customers with more advanced products that will help them expand their geographical reach. These factors are expected to offer lucrative opportunities over the forecast period.