The Latin America, Middle East and Africa Polytetrafluoroethylene Market would witness market growth of 7.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 203.89 hundred tonnes, showcasing a growth of 6.8% (2023-2030).
In the (PTFE) market, chemical and industrial processing applications stand out as significant areas of utilization. PTFE's exceptional chemical inertness and resistance to high temperatures make it indispensable in industries involved in handling corrosive chemicals, such as petrochemicals, pharmaceuticals, and specialty chemicals. PTFE is widely employed in the construction of pipes, valves, and fittings, ensuring the integrity and safety of fluid handling systems by preventing corrosion, contamination, and leaks. Therefore, the Brazil Market consumed 20.45 hundred tonnes in volume in the market in 2022.
The Brazil market dominated the LAMEA Polytetrafluoroethylene Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $88.9 million by 2030. The Argentina market is showcasing a CAGR of 8.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.1% during (2023 - 2030).
The industry is exploring innovative ways to incorporate PTFE to enhance fuel efficiency, reduce weight, and improve overall performance in aircraft systems. The oil and gas sector has adopted PTFE for its chemical resistance and durability in demanding environments. PTFE is used to manufacture seals, gaskets, and components for oil and gas exploration, production, and refining equipment. The dependability and safety of operations in this industry are enhanced by the material's resistance to severe chemicals and intense temperatures.
As per the International Trade Administration (ITA), the United Arab Emirates is among the world’s top ten oil producers in 2022. Approximately 96% of the nation’s estimated 100 billion barrels of known oil reserves are in Abu Dhabi, ranked sixth globally. On average, 3.2 million barrels of liquid and petroleum products are produced daily in the UAE.
The growing emphasis on sustainable and eco-friendly construction practices in the UAE may drive the use of PTFE, known for its longevity and potential to reduce maintenance and replacement needs. According to the International Trade Administration and industry experts, the value of the UAE’s construction industry is projected to increase by between 3.7% and 4.7% over the next five years. The nation’s development agenda will promote growth centered on expanding its industrial, travel, and energy infrastructure. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Polytetrafluoroethylene Market is Projected to reach USD 4.2 Billion by 2030, at a CAGR of 6.0%
Based on End-use, the market is segmented into Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods, Building & Construction, and Others. Based on Form, the market is segmented into Fine Powder, Granular/Molded Powder, Dispersion, and Micronized Powder. Based on Application, the market is segmented into Coatings, Sheets, Pipes, Films, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By End-use (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Form (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
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