PTFE Rod Market Report

Market Insights

What is PTFE Rod?

PTFE rod is a rod that is made up of PTFE (polytetrafluoroethylene) material. PTFE rod is being primarily used as a machining stock for various chemical, electrical and mechanical components. It is an engineering plastic that has high chemical resistance and the lowest coefficient of friction as compared to other plastics such as nylon or acetal. Based on type, the PTFE rod can be categorized as diameter 4-40mm, diameter 40-80mm, and diameter 80-120mm.

The PTFE Rod Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of x% during the forecast period.

Figure: PTFE Rod Market Size, 2020-2026 (USD Million)

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Market Drivers

The global growth of PTFE rod market size is primarily driven by widespread product usage in various applications including aerospace, chemical process, and engineering among others. The growing automotive industry with rising demand for passenger vehicles is likely to fuel the product demand at a significant rate during the review period. In addition to this, increasing demand for highly efficient PTFE rods is likely to create lucrative opportunities for the players operating in the global market during the review period.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of PTFE rod declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus. Furthermore, decline in the growth of the end-use industries further affected the market growth.

Segments' Analysis

Application Trends

Based on application, the PTFE rod market has been divided into aerospace, chemical process, food, engineering, automobile, and others.  The aerospace application accounted for the largest market share in 2020. The segment growth can be attributed to significant product usage in aircraft. The automobile segment is expected to register healthy growth during the review period.

Regional Trends

By region, the Asia-Pacific PTFE rod market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to expanding industrialization in developing countries such as China, India, Indonesia, and South Korea. The market growth in the North American region is expected to grow at a considerable CAGR during the review on account of the established presence of end-use industries in the region particularly in US.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global PTFE rod market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the PTFE Rod market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the PTFE Rod market?
• What are the key strategies adopted by the major vendors to lead in the PTFE Rod market?
• What is the market share of the top vendors?

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Key Players

Key players operating in the PTFE Rod Market are-

• Direct Plastics Ltd
• Polyfluor Plastics BV
• J. V. Corporation
• Unitra Corporation
• New Industrial Plastics
• Fluoro-Plastics Inc.
• Qingdao Xincere Plastics Co.,Ltd
• Unimax Seals Company Limited

Target Audience

The target audience of PTFE Rod Market includes-

• PTFE Rod Vendors
• PTFE Rod Manufacturers
• PTFE Rod Distributors
• Organizations
• Government Bodies.

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