The polytetrafluoroethylene (PTFE) market size was estimated at over 156 kiloton in 2021, and the market is projected to register a CAGR of over 5% during the forecast period (2022-2027).

New York, May 19, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Polytetrafluoroethylene (PTFE) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" - https://www.reportlinker.com/p06039493/?utm_source=GNW The market was negatively impacted by the COVID-19 outbreak in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecast to grow steadily in the future. Key Highlights Over the short term, the major factors driving the market’s growth are the supreme chemical resistance and thermal characteristics, growing demand for non-stick cookware, and increasing applications in the electrical and electronics sector. The chemical and industrial processing industry segment dominated the market, and it is expected to continue its dominance during the forecast period. The growing healthcare applications are expected to provide opportunities for the studied market during the forecast period. Asia-Pacific dominated the market across the world. The share-trend is expected to remain the same during the forecast period, where chemical and industrial processing will still dominate the market in terms of volume. Key Market Trends Chemical and Industrial Processing Industry Segment to Dominate the Market Demand In the chemical and industrial processing industry, PTFE is the material of choice for gaskets, vessel linings, pump interiors, washers, rings, seals, spacers, dip tubes, and well-drilling components. PTFE is unaffected by virtually all acids and caustics and functions in an extreme environment. Thus, it is widely used in this industry. Additional usage for the chemical industry includes coatings for heat exchangers, pumps, diaphragms, impellers, tanks, reaction vessels, autoclaves, containers, etc. The oil and gas industry is also a major consumer of PTFE coatings. Oil and gas exploration and recovery demand the harshest of all applications for polymeric materials. The demand in the global oil and gas industry has been severely affected by the COVID-19 pandemic and the volatile raw material prices. Overall, global oil demand is expected to rise by a total of 5.7 mb/d (million barrels per day), with China and India accounting for about half of the growth through 2025. At the same time, the world’s oil production capacity is expected to rise by 5.9 mb/d. Non-OPEC supply will rise by 4.5 mb/d while OPEC builds another 1.4 mb/d of crude and natural gas liquids capacity. The temperature and pressures, the corrosive chemicals present, and the operational life, which are expected of such materials, require premium, high-performance grades. Another benefit that it offers to the manufacturing and processing industry is the facilitation of smooth functioning of the machinery, thereby saving the time required during downtime. The growing chemical and industrial processing industry is expected to dominate the market for PTFE through the forecast period. Asia-Pacific to Dominate the Market The Asia-Pacific region dominated the global market share, with China dominating the market. China is the largest importer of oil and gas. The primary energy consumption in the country is dominated by coal. However, owing to air pollution and environmental concerns, the country is employing policies to increase the share of gas and reduce the share of coal in the total energy mix. China’s state-owned oil and gas operators, namely China National Petroleum Corp. (CNPC), China Petrochemical Corp. (Sinopec), and China National Offshore Oil Corp., monopolized the oil and gas market. However, the new reforms are expected to make it easier for private companies to invest in the country, which, in turn, is expected to help reduce the monopoly of state-owned companies. The growing investment by the private sector is also expected to improve the oil and gas industry, thus driving the PTFE market in the country. Furthermore, the Japanese electrical and electronics industry is one of the world’s leading industries. The country is a world leader in the production of video cameras, compact discs, computers, photocopiers, fax machines, cell phones, and various other key computer components. Hence, all such market trends are expected to drive the demand in the PTFE market during the forecast period. Competitive Landscape The polytetrafluoroethylene (PTFE) market is partially consolidated in nature. Some of the major players in the market (in no particular) include Dongyue Group, The Chemours Company, 3M, Gujarat Flurochemical Limited, and Daikin Industries Ltd. Additional Benefits: The market estimate (ME) sheet in Excel format 3 months of analyst support Read the full report: https://www.reportlinker.com/p06039493/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________

The Dow Jones rallied amid encouraging inflation data. Tesla stock jumped even as CEO Elon Musk issued a warning. Apple stock surged.

Stop investing in mediocre businesses. Buy the best, instead.

Risk and reward are the yin and yang of stock trading, the two opposite but essential ingredients in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials – than penny stocks. These equities, priced below $5 per share, typically offer high upside potentials. Even a small gain in share price – just a few cents – quickly translates into a high yield return. Of course, the risk is real, too; not every penny stock is going to show th

The stock market ended its multiweek losing streak, and like a sports team that finally got a win, it’s worth celebrating. It just doesn’t mean the team—or this stock market—is any good. “Stocks finally enjoyed a strong bounce this week,” writes Canaccord Genuity analyst Martin Roberge.

The stock market selloff has made many stocks look cheap—but smart investors need to be selective. Here are six high-quality companies that trade at reasonable valuations.

The stock market pulled back from the brink of a bear market as rate-hike expectations eased, at least for now. Here's what it will take to signal a bottom.

Julian Bridgen, co-founder and president of Macro Intelligence 2 Partners, joins Yahoo Finance Live to discuss this week's market action and whether or not it will carry over into next week, the Fed, and inflation.

The market is unstable. Your portfolio doesn’t need to be.

Tesla CEO Elon Musk announced his plans to open an all-night Tesla restaurant in Hollywood that will feature a drive-in movie theater, two 45 ft. LED movie screens, and superchargers.

In this article, we will discuss some of the notable stocks analysts are upgrading today. To take a look at some more stocks that are being upgraded, go to Analysts Are Upgrading These 5 Stocks on Friday. The US market closed in the green for the first time in the last seven weeks as positive […]

Lisa Erickson, U.S. Bank SVP & Public Markets Group Co-Head, and Sizemore Capital Management CIO Charles Sizemore join Yahoo Finance Live to discuss the stock market rising to end a 7-week losing streak, inflation, GDP, the Fed's interest rate hikes, recession concerns, and the outlook on tech.

As of 12:24 p.m. ET, Aurora shares were still down 38.8%. At the same time, Tilray (NASDAQ: TLRY) shares were down 3.6%, and Hexo (NASDAQ: HEXO) stock was down 5.3%. The plunge in Aurora shares comes as existing shareholders react to a new round of financing that the company said will bring $150 million to the company.

Shares of Farfetch Limited (NYSE: FTCH), a luxury fashion e-commerce platform, spiked today after the company reported a better-than-expected loss in the first quarter. Farfetch reported an adjusted loss per share of $0.24 in the first quarter, which was down from a loss of $0.22 per share in the year-ago quarter but ahead of analysts' average estimate of a loss of $0.28 per share. "Our core business remains very strong, in spite of the macro events in China and ceasing operations in Russia, which impacted our performance and outlook," José Neves, Farfetch's founder and CEO, said in a press release.

A key measure of U.S. inflation rose just 0.2% in April to mark the smallest increase in a year and a half, aided by lower gas prices. Yet there were other hints that a surge in U.S. inflation might be abating.

A weekly look at the most important moves and news in crypto and what's on the horizon in digital assets.

Ulta shares are up after its big Q1 earnings beat, Aurora Cannabis increased its finance deal to $150 million, and Blackberry stock is surging after news of its partnership with Google.

In this article, we discuss the top 10 value stocks hedge funds are buying in 2022. If you want to see more of the value stocks that elite investors are favoring, click Top 5 Value Stocks Hedge Funds are Buying in 2022. As the Federal Reserve signals further monetary tightening, hedge funds and retail investors […]

Wood's flagship Ark Innovation ETF has fallen 52% this year as technology companies have tumbled.

After Abercrombie & Fitch (NYSE: ANF) reported its disastrous earnings Tuesday, fellow retail clothier American Eagle Outfitters (NYSE: AEO) reported its own earnings last night, and the news isn't much better here. Expecting profits of $0.25 per share on sales of $1.14 billion, American Eagle disappointed investors when it reported just $0.16 in earnings per share on sales of $1.06 billion -- missing on both the top and bottom lines. Give American Eagle credit, though: It fessed up to its sales miss in the second line of its earnings announcement last night, explaining that a shifting macro environment and weak consumer demand for clothing made for a challenging quarter.

The stock market extended its rally to a third day as a key inflation rate came in lower than expected. Tesla, Apple, Boeing led.