India Polytetrafluoroethylene PTFE Market Industry Analysis and Forecast 2023-2029

There are several Polytetrafluoroethylene manufacturers in India, owing to the increasing demand of PTFE and most of them provide good products and deals to the clients from across the globe. The demand for PTFE in India stood at approximately 5.7 Kiloton in 2020, and is projected to witness xx% growth rate during the forecast period.

The India Polytetrafluoroethylene (PTFE) Market has witnessed considerable growth in recent years because of growth in automotive industry. The use of PTFE in automobiles results in increased fuel efficiency and decreasing emissions. At present, the Gujarat and Karnataka are witnessing rapid growth of PTFE production at CAGR of xx% in the automotive industry. The various applications of PTFE in aerospace because of PTFE have properties like fire-retardant and emits low smoke and toxic gases that can stand with aggressive applications under a wide range of temperatures.

The opportunity for PTFE market is used in the medical applications because of chemical inertness that makes it biocompatible and easily degraded by medical fluids. Plastic surgery, cardiovascular, peripheral vascular grafts, orthopedic, dental and ophthalmology are some of the applications in the healthcare industry, which use PTFE for its exceptional properties.