PTFE (Teflon) Coating Manufacturing
The falling price of PTFE since 2012 has constrained industry growth; therefore, over the five years to 2017, industry revenue is expected to decline. The PTFE (Teflon) Coating Manufacturing industry is small and highly consolidated, with the largest player, the Chemours Company generating slightly more than one-third of the industry's annual revenue. Consolidation has enabled major players to command high profit margins. Still, the industry experiences certain challenges, including volatile input costs and reduced selling prices. An increase in demand from industrial sectors such as automotive, aerospace, building and construction will help the industry to rebound to growth in 2017. Furthermore, with an expected rise in the per capita disposable income over 2017, industry operators will realize an increase in demand from household products manufacturing as PTFE is used in the production of cooking and baking utensils. Moving forward, IBISWorld expects the industry to grow moderately over the five years to 2022.
Operators in this industry manufacture polytetrafluoroethylene (PTFE). PTFE is a synthetic chemical that is nonstick and thermally resistant.Polytetrafluoroethylene is used in a variety of applications including cable insulation, automotive lubrication and cookware coating.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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