Micronized PTFE Sales to Spur in Inks and Lubricants Industries by 2029, Finds a PMR Study

Persistence Market Research (PMR) recently published a study on global market for micronized polytetrafluoroethylene (PTFE), which finds that the sales of nearly 34 thousand metric tons of micronized PTFE were recorded in 2018, and the market is likely to witness incremental growth in the coming years. The study tracks changing growth parameters of the micronized PTFE market to forecast the potential growth opportunities for manufacturers in this landscape.

The global demand for resins in the paints & coatings industry has been growing by leaps and bounds, and increasing adoption of paints & coatings in various manufacturing landscapes is expected to further bolster sales of micronized PTFE. The study also finds that the demand for micronized PTFE in the inks industry accounted for more than one-third revenue share of the market in 2018, as micronized wax powders are witnessing burgeoning adoption as a raw material used in inks.

Manufacturers and other stakeholders in the inks industry are becoming aware about the advantages of using polytetrafluoroethylene micro-powders in combination with micronized wax powders in the ink manufacturing landscape. Its benefits in improving the rub and abrasion resistance of ink is further triggering the adoption of micronized PTFE in the ink industry, opines the PMR study. It also finds that the adoption of micronized PTFE is also increasing rapidly in the manufacturing of lubricants and greases, which is further expected to improve its sales potential in the coming years.

Versatile Industrial Applications to Create New Sales Opportunities for Manufacturers

While the demand for micronized PTFE is on the upward swing in the inks and lubricants industry, it is emerging as an integral raw material in other industrial applications, which is further accelerating the expansion of the market, opines the PMR study. Owing to its anti-blocking properties and high surface lubricity, the sales of micronized PTFE are increasing significantly in a wide range of industries such as textile, pharmaceuticals, electronics, and automotive.

Taking into consideration the rise in demand for micronized PTFE in various industrial applications, leading players in the market are foraying into new end-use industries to explore more sales opportunities. This is reflecting in their strategies to diversify their product portfolios to cater to the different needs and requirements of every industrial application of micronized PTFE. However, strict governmental regulations and high environmental standards associated with the production of micronized PTFE has been triggering a significant rise in the price volatility, which is emerging as a major challenge for market players.

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In order to remain unaffected by the rise in manufacturing costs, leading players in the micronized PTFE market are focusing on bolstering product innovation to attract more versatile end users despite probable price upsurge. The PMR study finds that leading companies and global players in the micronized PTFE market account for more than three-fourth revenue share of the market, and are focusing on consolidating and strengthening their position by investing heavily in research & development to bolster innovation.