Why is Medical Sector Using Polytetrafluoroethylene?

Polytetrafluoroethylene (PTFE), commonly known as Teflon, is a fluoropolymer used in the production of electronic products such as barb insulators, cable ties, connectors, battery binders, circuit breakers, brush holders, and semiconductor devices. The increasing use of the material in the electrical and electronics industry can be attributed to the chemically inert, non-flammable, and non-toxic features of PTFE. Moreover, the hydrophobicity, non-reactivity, good insulating property, and low coefficient of friction of the material makes it ideal for nonstick coating for cookware.

Additionally, the rising application of the fluoropolymer in the medical sector is expected to drive the polytetrafluoroethylene market at a CAGR of 5% during the forecast period (2019–2024). The market revenue stood at $2,197.8 million in 2018 and it is projected to reach $2,953.6 million revenue by 2024. PTFE has substituted conventional plastics in several medical applications as it is a biocompatible material. Moreover, the escalating investments in research and development (R&D) and introduction of improved PTFE-based products has resulted in the production of advanced materials that offer better protection to medical components and equipment.

According to P&S Intelligence, Asia-Pacific consumed the largest volume of PTFE in the recent past, and it is projected to adopt this material at the fastest pace in the coming years. This can be credited to the increasing production of automobiles, rising industrial processing activities, and burgeoning demand for consumer electronics in the region. In the coming years, China will emerge as the largest consumer of PTFE, due to the presence of a large number of electronics manufacturers in the country.

Thus, the mounting demand for electronics, beauty products, and medical products will boost the adoption of PTFE in the coming years.

Source: www.psmarketresearch.com

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