Polytetrafluoroethylene (PTFE) has achieved certain development in recent years. According to data compiled from public sources, although domestic PTFE production capacity has maintained a certain scale of growth, domestic consumption and export volume have grown slowly, and capacity utilization has remained at a low level below 70% [0]. However, by 2021, China's polytetrafluoroethylene production has reached 121,500 tons, and the market size is expected to exceed 156,000 tons. The compound annual growth rate of the future market forecast will exceed 5%.

In terms of price, China's PTFE price experienced two obvious rises and falls in 2021, but since 2022, affected by the overall demand and supply and demand structure changes in the downstream, the PTFE price has grown steadily as a whole. According to data from mid-November 2022, the price of polytetrafluoroethylene (PTFE) in China is 49,000 yuan/ton.

In terms of market demand, PTFE has a wide range of applications in multiple fields. In the short term, the main factors driving market growth are its excellent chemical resistance and thermal properties, as well as the growing demand for non-stick cookware.

In addition, applications in the electrical and electronic fields are also increasing. The chemical and industrial processing industries are the dominant part of the PTFE market and are expected to continue to dominate in the future forecast period.

It should be noted that the Asia-Pacific region currently dominates the global PTFE market, and China is the largest market in the Asia-Pacific region. It is expected that the Asia-Pacific region will maintain its leading position in market share during the forecast period, and the chemical and industrial processing industries will still dominate the market in terms of quantity.

Although domestic PTFE production capacity has increased, the supply is relatively loose. In order to enhance the market competitiveness of China's PTFE products, it is necessary to focus on increasing the self-sufficiency rate of cutting-edge fluorine chemical products and developing PTFE products in the direction of high-end, high-quality, refined, high-value-added and new-use varieties. At the same time, effective investment will be concentrated on the extension end of the industrial chain, focusing on breakthroughs in cutting-edge products to achieve sustainable development.

In summary, although the domestic PTFE supply is slightly loose, its market size and demand are still growing, and the PTFE market is expected to grow steadily in the future.

[0] Although domestic PTFE production capacity has maintained a certain scale of growth in recent years, the domestic consumption scale and export volume have grown slowly, and the domestic PTFE industry's capacity utilization rate has remained at a low level of less than 70%. Therefore, on the surface, the domestic PTFE supply is slightly loose. In 2020, China's polytetrafluoroethylene production reached 121,500 tons (excluding foreign companies). Changes in China's PTFE production and operating rate from 2016 to 2020 Source: Compilation of public data 3. Price trend In 2021, my country's PTFE price economy rose and fell twice. Since 2022, affected by the overall demand and supply and demand structure changes in the downstream, the overall PTFE price has grown steadily. As of mid-November 2022, the price of polytetrafluoroethylene (PTFE) in my country was 49,000 yuan/ton.

[1] By 2021, the polytetrafluoroethylene (PTFE) market size is estimated to exceed 156 thousand tons, and the market is expected to grow at a compound annual growth rate of more than 5% during the forecast period (2022-2027). The market was negatively affected by COVID-19 in 2020. However, it is currently estimated that the market has reached pre-pandemic levels and is expected to grow steadily in the future. In the short term, the main factors driving market growth are excellent chemical resistance and thermal properties, growing demand for non-stick cookware, and increasing applications in electrical and electronic fields. The chemical and industrial processing industry dominates the market and is likely to continue to dominate during the forecast period. Growing healthcare applications are likely to further provide opportunities for the research market during the forecast period. Asia Pacific dominates the global market. The share trend is expected to remain the same during the forecast period, and chemical and industrial processing will still dominate the market in terms of volume.