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Polytetrafluoroethylene (PTFE) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23308
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Polytetrafluoroethylene (PTFE) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Polytetrafluoroethylene (PTFE) | Chemical | USA | 13420 USD/MT |
| Polytetrafluoroethylene (PTFE) | Chemical | Germany | 13639 USD/MT |
In the fourth quarter of 2023, the price of polytetrafluoroethylene (PTFE) in United States reached 13420 USD/MT by December. Similarly, in Germany, the polytetrafluoroethylene (PTFE) prices hit 13639 USD/MT in the same month.
Polytetrafluoroethylene (PTFE) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polytetrafluoroethylene (PTFE) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polytetrafluoroethylene (PTFE) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polytetrafluoroethylene (PTFE) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing polytetrafluoroethylene (PTFE) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Polytetrafluoroethylene (PTFE) Market Analysis
The global polytetrafluoroethylene (PTFE) market size reached US$ 114 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach US$ 159.47 Thousand Tons, at a projected CAGR of 3.80% during 2023-2032.
- PTFE’s unique properties like high temperature resistance, low friction, and chemical inertness makes it a highly sought after component in aerospace and defense industries. It is used in critical applications like fuel hoses, hydraulic systems, and protective coatings. The expansion of these sectors fueled by rising defense budgets and increasing global air travel demand drives the need for advanced materials that ensure safety, reliability, and performance. According to a report published by International Trade Administration, India’s Civil Aviation sector is rapidly growing with over 500 million projected air travelers by year 2030 and the potential to lead the global market by 2047. In year 2022, number of domestic passengers increased by almost 50% and international traffic grew by over 150%. The country’s airport count has risen to 147 in year 2022 from 74 in year 2014 and it is expected to reach 220 by year 2025. The National Civil Aviation Policy aims to enhance regional connectivity and promote sector growth. As aerospace and defense technologies evolve, the demand for PTFE continues to grow, supporting its widespread use in manufacturing components that can withstand extreme conditions and rigorous operational requirements.
- PTFE’s biocompatibility and chemical non reactivity is important in medical applications for ensuring patient safety and device longevity. It is extensively used in catheters, suture, and implants where its inert nature minimizes the risk of adverse reactions. The expansion of healthcare industry and technological advancements in medical devices are driving the demand for PTFE. Innovations like minimally invasive surgical techniques and advanced prosthetics rely on PTFE’s unique properties. Furthermore, the rising prevalence of chronic disease and growing aging populations are propelling the use of PTFE in diverse medical applications, which highlights its crucial role in modern healthcare solutions.
- PTFE is widely used in automotive components, such as gaskets, seals, bearings, and fuel systems, ensuring durability and performance under extreme conditions. The global increase in vehicle production, driven by rising consumer demand and technological advancements in automotive manufacturing, is significantly boosting PTFE demand. Additionally, the push for more efficient and reliable vehicles, including electric and hybrid models, further amplifies the need for high-performance materials like PTFE, cementing its role as a critical component in automotive applications. According to a report published by ACEA, global car sales in 2023 rebounded by nearly 10%, surpassing 72 million units as supply chain challenges eased. European sales grew by 18.6%, driven by impressive recoveries in Russia, Ukraine, and Türkiye. North America saw consistent sales despite inflation and rising interest rates, with the United States recording a 14.4% increase. Asia experienced notable growth, with Japan, China, and India all seeing significant increases. With the gradual growth of global automotive sector, the demand for PTFE is also on the rise, hence propelling its market growth.
Polytetrafluoroethylene (PTFE) News
The report covers the latest developments, updates, and trends impacting the global polytetrafluoroethylene (PTFE) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polytetrafluoroethylene (PTFE) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polytetrafluoroethylene (PTFE) price trend.
Latest developments in the polytetrafluoroethylene (PTFE) industry:
- In 2024, Daikin Industries, a global HVAC&R manufacturer, and Miura Co., an industrial boiler manufacturer, have announced a capital and business partnership. Daikin will invest in Miura and acquire 4.67% of its outstanding shares, while Miura will invest in Daikin Applied Systems and acquire a 49% share of the company. This partnership aims to provide energy-efficient solutions and achieve carbon neutrality in the global market.
- In March 2024, 3M invested in EVOLOH, a cleantech company, to scale up manufacturing of hydrogen electrolyzers. This move supports the hydrogen economy and a clean energy transition. Electrolyzers use electricity to separate water atoms, producing green hydrogen for use as clean fuel or chemical reactants. The investment aligns with 3M's commitment to climate tech solutions and enhancing the hydrogen economy.
Product Description
Polytetrafluoroethylene (PTFE) is a synthetic fluoropolymer of tetrafluoroethylene, widely recognized for its exceptional properties and versatility. It is best known by the brand name Teflon, commonly associated with non-stick cookware. PTFE is characterized by its high resistance to heat, chemical inertness, low friction coefficient, and excellent electrical insulation properties. These attributes make it ideal for a broad range of applications, including industrial machinery, automotive components, electronics, and medical devices. In industrial settings, PTFE is used for gaskets, seals, and linings that must withstand corrosive environments and high temperatures. In the automotive industry, it enhances the performance and longevity of parts like bearings and fuel systems. The medical field benefits from PTFE's biocompatibility, employing it in catheters, sutures, and implants. Additionally, its non-stick properties are leveraged in various consumer products. Overall, PTFE's unique characteristics and wide applicability make it an invaluable material across numerous industries.
Regional Coverage
The report provides a detailed analysis of the polytetrafluoroethylene (PTFE) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polytetrafluoroethylene (PTFE) price trend.
Global Polytetrafluoroethylene (PTFE) Price
The report offers a holistic view of the global polytetrafluoroethylene (PTFE) pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Polytetrafluoroethylene (PTFE) Price
European polytetrafluoroethylene (PTFE) prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed polytetrafluoroethylene (PTFE) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polytetrafluoroethylene (PTFE) Price
The analysis of polytetrafluoroethylene (PTFE) prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific data on polytetrafluoroethylene (PTFE) prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Polytetrafluoroethylene (PTFE) Price
The report explores the polytetrafluoroethylene (PTFE) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on polytetrafluoroethylene (PTFE) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polytetrafluoroethylene (PTFE) Price
The polytetrafluoroethylene (PTFE) pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This analysis can be further extended to include detailed polytetrafluoroethylene (PTFE) prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polytetrafluoroethylene (PTFE) Price
The analysis of polytetrafluoroethylene (PTFE) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Polytetrafluoroethylene (PTFE) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Polytetrafluoroethylene (PTFE) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of polytetrafluoroethylene (PTFE) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting polytetrafluoroethylene (PTFE) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the polytetrafluoroethylene (PTFE) industry.
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