The demand for PTFE in the electrical and electronic industry is expected to rise due to its excellent dielectric properties.
TechSci Research has been effectively engaged with offering far reaching market research information concerning different perspectives which are related to industrial reference and financial specialist utility. This specific research report titled " INDIA POLYTETRAFLUOROETHYLENE (PTFE) MARKET STUDY, 2013-2030" has been added to the wide online database of TechSci Research which talks about the present and in addition future market situation. Seekers can get to information related with market volume, regional expanse as well as competitive landscape in the India Polytetrafluoroethylene Market. With the end goal to study development patterns of the market, this study also centres around market elements, which discusses drivers, restraints, and opportunities to impact the concerned market amid the period until 2013 to 2030.
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In 2018, the demand for PTFE in India stood at approximately 5 KT and is expected to witness a healthy growth rate during the forecast period. The major application of PTFE is in automotive and transportation sector as it is being used in manufacturing of plain bearings, gears, seals, gaskets, slide plates, bushings etc., where it outperforms nylon. The demand for PTFE in the electrical and electronic industry is expected to rise due to its excellent dielectric properties. PTFE film is used to produce carbon fiber composite which is primarily used in the aerospace industry. The PTFE is used to prevent the built-in part from sticking with non-production material and acts as a barrier to the bagging material in carbon-fiber composites.
PTFE has the small pore structures that make the fabric material breathable and waterproof. Furthermore, PTFE is chemically and electrically resistant due to which it is also used in coatings, and due to its high viscosity, it is used in missiles and aircraft as well. Furthermore, PTFE is also increasingly being used in the electricals and electronics industry owing to its enhanced flexibility and non-sticking properties.
In India, PTFE is produced by Gujarat Fluorochemicals Limited and Hindustan Fluorocarbons Limited, among which Gujarat Fluorochemicals Limited is the major producer with the maximum capacity to produce PTFE. Some of the major players operating in PTFE market are Gujarat Fluorochemicals Limited, DowDuPont Inc., Hindustan Fluorocarbons Limited, AGC Inc., Daikin Industries Limited, etc.
TechSci Research calculated demand for PTFE in India by analyzing the historical data and demand forecast was carried out considering the imports, consumption pattern and analyzing the demand by tracking upcoming manufacturing units. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports and annual reports were also studied by TechSci Research.
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