Global Polytetrafluoroethylene (PTFE) Films Market Outlook to 2024 - Industry Dynamics, Segmentation, Competitive Landscape, Opportunities & Future Trends -

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The market for polytetrafluoroethylene (PTFE) films is anticipated to register a CAGR of around 4.5% during the forecast period 2019-2024.

Key Highlights

  • Increasing demand for PTFE films from aviation and chemical industries is expected to drive the demand for the market during the forecast period.
  • Increasing usage of PTFE films in the engineering industries and OEM industries is projected to act as an opportunity for the market in the future.
  • Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China, Japan, India, and ASEAN countries.

Major Market Trends

Increasing Demand from Aerospace & Defense Industry

  • Polytetrafluoroethylene (PTFE) Films are excellent insulators and possess unique thermal, mechanical and chemical properties. PTFE Films is the best substitute for Teflon, FEP, and PFA owing to its properties and advantages.
  • The global aerospace industry is worth USD 860 billion comprising of aircraft and engine OEM's, aircraft system and component manufacturing, satellite and space, civil and military MROs. The Americas alone accounts for 54% of the industry followed by Europe, Middle East and Africa (31%), and Asia-Pacific (15%).
  • US space systems grew in 2018, driven by a surge in commercial space launches and payloads. In total, 300 spacecraft manufactured, which include satellites, probes, on-orbit vehicles, and related platforms which were delivered to US government and commercial customers.
  • China is projected to become the world's largest passenger aviation market by 2024, but its aircraft are still sourced from companies around the world. The Chinese market has been a boon for companies like Boeing, which announced a USD 37 billion sale to China last November 2017 and predicts that Chinese airlines will purchase USD 1.1 trillion in new aircraft by 2036.
  • Thus, with the growing manufacturing and number of exports of various aerospace components to different regions around the world, the consumption of high-performance film/foils in various applications are increasing which subsequently igniting the market of polytetrafluoroethylene (PTFE) films.

Asia-Pacific Expected to Dominate the Global Market

  • Asia-Pacific region dominated the global market in 2018. According to the Government of India, large projects for manufacturing PTFE film coated electronic chips, with a view to creating an ecosystem that lays the focus on high-end innovation, is likely to boost the demand for the mentioned market.
  • Other prominent end-user industries such as chemical and automotive, are likely to boost the consumption of polytetrafluoroethylene (PTFE) films with upcoming projects in countries such as China, India, and Japan.
  • Japanese manufacturers are actively developing and manufacturing civil aircraft due to the demand led by passenger transport. Production volume has been on the rise in recent years and civil aircraft manufacturing is surpassing the defense aircraft manufacturing in the present scenario. Japan's total aerospace market size is increasing from USD 16,167 million in 2015 to USD 17,452 million in 2018.
  • South Korea is the fourth largest electronics manufacturer with a total output of USD140.2 billion in 2017. Due to the surge for thin insulation in semiconductors, in the electronics industry, it was estimated to increase with 22.1% for the year 2018, a 4% increase from the previous year.
  • Japan's electronics industry, which is the third largest in the world, is the most significant sector which drives the demand for the sales of semiconductors in Japan.
  • All the aforementioned factors increase the demand for PTFE from various industries, is expected to drive the demand for the polytetrafluoroethylene (PTFE) films during the forecast period.

Competitive Landscape

The polytetrafluoroethylene (PTFE) films market is fairly consolidated with the top five players accounting for a major chunk of the market. Key players in the polytetrafluoroethylene (PTFE) films market include 3M, The Chemours Company, Daikin Industries Ltd., Saint-Gobain, Nitto Denko Corporation, and other prominent players includes Shandong Dongyue Group, HaloPolymer, Asahi kasei Corporation and Ningbo Taifno PTFE Plastic Products Corporation.

Key Topics Covered


1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study




4.1 Market Drivers

4.1.1 Increased Consumption in Aviation, Chemical and Other Industries

4.1.2 Other Drivers

4.2 Market Restraints

4.2.1 Governmental Framework & Entry Constraints

4.2.2 Other Restraints

4.3 Value Chain / Supply Chain Analysis

4.4 Porters 5 Force Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

4.5 Raw Material Analysis


5.1 Application

5.1.1 Film/Foil

5.1.2 Sheet

5.1.3 Membrane

5.2 End-user Industry

5.2.1 Medical

5.2.2 Electrical & Electronics

5.2.3 Chemicals

5.2.4 Pharmaceuticals

5.2.5 Aerospace & Defense

5.2.6 Automotive

5.2.7 Others

5.3 Geography

5.3.1 North America United States Canada Mexico

5.3.2 Europe Germany United Kingdom France Italy Spain Rest of Europe

5.3.3 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific

5.3.4 South America Brazil Argentina Rest of South America

5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle-East & Africa


6.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements

6.2 Market Share Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 3M

6.4.2 DUNMORE Corporation

6.4.3 Guarniflon S.p.A.

6.4.4 Jiangsu Taifulong Technology Co. Ltd.

6.4.5 Jiangxi Aidmer Seal and Packing Co. Ltd.

6.4.6 Lenzing Plastics GmbH & Co. KG

6.4.7 Markel Corporation

6.4.8 Ningbo Taifno PTFE Plastic Products Corporation

6.4.9 Nitto Denko Corporation

6.4.10 Rogers Corporation

6.4.11 Saint-Gobain

6.4.12 Technetics Group

List Not Exhaustive...


7.1 Growing Engineering Film Industries

7.2 Other Opportunities

For more information about this report visit

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Engineering Plastics

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Engineering Plastics