PTFE Tapes Market Size, Share, Growth, and Industry Growth, By Type (Low Density, Standard Density, Medium Density, High Density), By Application (Aerospace, Appliance, Automotive, Chemical, Electronic and Electrical, Plumbing and Pipe and Others), Regional Forecast To 2031

Updated On: 01 April 2024

PTFE Tapes Market REPORT OVERVIEW

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The global PTFE tapes market size was USD 626.4 Million in 2021 and is projected to touch USD 960.72 Million by 2031, at a CAGR of 4.4% during the forecast period

Polytetrafluoroethylene, or PTFE, is a synthetic fluoropolymer that is widely utilised in numerous industries and applications. Other names for PTFE include plumber's tape, teflon tape, and thread seal tape. PTFE tape is a cheap, versatile lubricant used to seal pipes and ducting in plumbing systems. These tapes' lubricating qualities aid in the thread's deep and lasting setting as well as in preventing thread seizures after they have been unscrewed. Since it is a professional adhesive tape, it is rolled on spools in particular cuts. Each spool is pre-cut to a certain range and a specific breadth. The adhesive compound on thread seal tape is shielded from harm by a plastic casing during storage

The PTFE tapes are a lengthy synthetic polymer that is used to seal the joint without hardening it and as a lubricant and deformable filler. Instead, the lubricating quality makes it simpler to tighten. It prevents physical wear and tear and facilitates the interaction of the thread's two components. Additionally, it aids the seal lock and stops connection leaks. The hydrophobicity and exceptionally low friction of this tape are its two most important characteristics.It is a great option for the piping and plumbing sectors because of these qualities. Before it is screwed into place, the PTFE tape is typically wrapped three times around the male thread in the direction of tightening.

PTFE tapes' chemical inertness aids in avoiding cross-linkages with other polymers. Because of this, it is an excellent option for applications involving water, chemicals, or other solvents. Polyethylene (PE), a cheap plastic with chemical and other solvent resistance, can also be used to make these tapes. This thread tape has certain specifications such as density, tensile strength, elongation, dimensions and substrate compatibility. Either PTFE tape has a low density or a high density. Its density ranges from 0.37g/cm3 for low density materials to 0.70g/cm3 or 1.2g/cm3 for high density materials. The thickness, length, and width of these tapes are crucial parameters to take into account. These tapes are made for pipes or tubes constructed of iron, brass, or aluminium due to substrate compatibility. Other PTFE tapes can adhere to plastics, glass, and chrome.

COVID-19 Impact: Disrupted Supply Chains Due to Lockdowns to Plunge the Market

The coronavirus wreaked havoc in the materials industry. City-wide lockdowns and transport system failures brought on by the COVID-19 epidemic and the rising numbers of sick had an unevenly distributed impact on the planet and the global economy. Transportation has ceased as a result of the lockdown of cities and nations. There were thousands of chemical enterprises that were either temporarily closed or were about to close. Companies that depended largely on manufacturers in Asia Pacific for raw materials, components, or finished items were the most negatively affected. The primary factor that impacted the PTFE tapes market expansion was the disruption of the supply chain for the raw materials and other essential chemicals used in the production of tape.

LATEST TRENDS

"High Strength PTFE Tape to Attract More Customers"

A high pressurised silicon adhesive is applied to a single-surfaced sheet of PTFE film tape that has a low coefficient of friction and strong tensile strength. It has a smooth and non-sticky surface thanks to the silicone adhesive. This tape is utilised to remove adhesives from rollers, plates, and belts with ease. This device was created specifically for lamination machines. It is used to wrap polyethylene laminators, particularly thin laminators where it is simpler to apply tape. Additionally, it is applied to the polyethylene laminators' lengthy belts. Additionally, this tape is used to wrap web rollers and lessen the friction created by rubbing elements and it also became the most popular in PTFE tapes market.

PTFE Tapes Market SEGMENTATION

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• By Type

Based on type; the market is divided into low density, standard density, medium density, and high density. In terms of product type, high density is the largest segment.

• By Application

Based on application; the market is divided into aerospace, appliance, automotive, chemical, electronic and electrical, plumbing and pipe and others. In terms of application, chemical and electronic industry is the largest segment.

DRIVING FACTORS

"Low Friction of the Material to Lift Market Sales"

The ability of PTFE to be used in pipes and containers for reactive and corrosive substances is one of the primary reasons impacting the growth of the target market. In addition, PTFE reduces friction and increases energy efficiency in machinery, both of which are contributing to the target market's growth. Additionally, PTFE is used in industrial applications where sliding motion of parts is required because of its low friction, which is expected to boost the PTFE tapes market growth over the forecast period.

"Hydrophobic Property of the Tape to Boost Market Growth"

This PTFE tape is a lengthy synthetic polymer that is used to seal the joint without hardening it and as a lubricant and deformable filler. Instead, the lubricating quality makes it simpler to tighten. It prevents physical wear and tear and facilitates the interaction of the thread's two components. Additionally, it aids the seal lock and stops connection leaks. The hydrophobicity and exceptionally low friction of this tape are its two most important characteristics.

RESTRAINING FACTOR

"Weak Extrude to Restrain the Market Growth"

Extrusion is carried out steadily and at a pressure that will allow the material to be stretched without breaking. The extrusion pressure must be kept within a desirable range. A weak extrudate that could break during stretching would result from a low pressure. A high pressure is desirable, but one that is too high could make the extrudate difficult to stretch. The key problem impeding the market's growth is the rise in instances of weak extrudate.

PTFE Tapes Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Owing to Increasing Urbanisation "

The Asia Pacific region is expected to be the dominant target market over the projection period because of its increasing urbanisation and industrialization. The expansion of the market is also being aided by the expansion of the automotive and electronics sectors. However, due to the strong demand for PTFE tape in the region, North America is anticipated to have considerable increase throughout the projection period and have the largest PTFE tapes market share.

KEY INDUSTRY PLAYERS

"Intensively Competitive Market to Boost the Product Sales"

The market is intensely competitive due to the presence of numerous competitors, the PTFE tapes industry is characterised by fierce competition. The two most important techniques used by market participants to grow their businesses in the sector are new product releases and acquisitions. Through secondary research, the top key companies in the PTFE tapes market were identified, and primary and secondary research was used to calculate their market shares. The PTFE Tapes Market is a fragmented one, with numerous small players competing on a global scale.

List of Market Players Profiled

• 3M(U.S)
• Saint-Gobain (France)
• Henkel (Germany)
• Berry (U.S.)
• Nitto (Japan)
• Technetics Group (U.S.)
• W. Chesterton Company (U.K.)
• Dixon Valve (U.S.)
• Oatey (U.S.)
• DeWAL Industries (U.S.)
• RectorSeal (U.S.)

INDUSTRY DEVELOPMENT

2 October 2018: A high-quality anaerobic thread sealer especially developed for use on all kinds of metal threaded connections is Talon Anaerobic PTFE Thread Sealant. It is a great all-purpose pipe sealant that offers a quick seal and requires little hand tightening.

REPORT COVERAGE

The market research for PTFE Tapes provides a detailed picture of the current market situation, including historical and projected market size in terms of value and volume, technical advancement, macroeconomic factors, and market-governing factors. Knowing the market and developing appropriate business expansion strategies can be aided by the study. The report helps to recognize the various market dynamics, including the major contributing variables, difficulties, and untapped potential. For brand-new entrants or established competitors in the PTFE Tapes business, the strategy analysis provides in-depth analysis from market positioning and marketing channels to viable growth strategies.