The use of Flexible Polytetrafluoroethylene For Aerospace Market in commercial aviation has increased significantly. Flexible Polytetrafluoroethylene For Aerospace market size is projected to reach US$900 million by 2027, after growing at a CAGR of 7.2% during the forecast period 2022-2027. Flexible PTFE, also known as flexible Teflon or Polytetrafluoroethylene, is a synthetic fluoropolymer of tetrafluoroethylene with numerous applications. The growing demand for flexible PTFE in the aerospace industry is driving the market growth. According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to grow from 7,397 in 2018 to 8,270 by 2037. 

Flexible Polytetrafluoroethylene for Aerospace Market: Leading Segment is the Commercial Aviation Market

On the basis of end-use industry, the Flexible Polytetrafluoroethylene for Aerospace market can be segmented into commercial aviation, military aviation and general aviation. The flexible polytetrafluoroethylene for aerospace market’s leading segment has been evaluated to be electrical & electronics. During the forecast period 2022-2027, the commercial aviation segment is expected to grow with a CAGR of 9.5%. Growing developments and rising consumer demand for commercial aerospace is propelling the flexible polytetrafluoroethylene for aerospace market. According to Boeing Airlines, In November 2020, Boeing estimated that China's airlines would spend US$1.4 trillion on 8,600 new planes and US$1.7 trillion on commercial aircraft services over the next 20 years.

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Flexible Polytetrafluoroethylene for Aerospace Market: Leading Region is the Asia-Pacific

On the basis of geography, the Flexible Polytetrafluoroethylene for Aerospace market can be segmented into North America, South America, Europe, APAC, and ROW. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most profitable region in the market. In 2022, the Asia-Pacific region held a 10.1% share of the total revenue earned by the market globally. Asia-Pacific countries including the India and China are ahead comparatively in terms of commercial aviation demand. According to India Brand Equity Foundation, India's aerospace industry is expanding at a rapid pace and is expected to reach US$ 70 billion by 2030.

The flexible polytetrafluoroethylene for aerospace market will also gain demand from the North American region. The U.S., and Canada are emerging as competitive countries in the flexible polytetrafluoroethylene for aerospace market.

Flexible Polytetrafluoroethylene for Aerospace Market: Competitive Landscape

Key companies holding major shares in the flexible polytetrafluoroethylene for aerospace market are 3M Company, Arkema, AGC Inc., Gujarat Fluorochemicals Limited, HaloPolymer, Hindustan Fluorocarbons Ltd, Jiangsu Meilan Chemical Co. Ltd, Shanghai 3F New Materials Co. Ltd, The Chemours Company, Zhonghao Chenguang Research Institute of Chemical Industry

R&D Investments

In January 2021, Tech Tubes & Fittings launched the PTFE/Teflon Tube Fittings, Instrumentation Pipe Fittings & Valves.

In April 2020, JP air Tech, a Danish air filter media manufacturer, has recently launched the JX81-B-PTFE membrane, a synthetic lightweight filter media, as part of its ongoing investment in the development of innovative products for the filtration and separation sector.

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.