Polytetrafluoroethylene (PTFE) Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Polytetrafluoroethylene (PTFE) Market: By Form (Granular, Fine Powder, Dispersion, Micronized), By Application (Sheet, Coatings, Pipes, Films, Others), By End-use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods, Building & Construction, Others), and Geography

 

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Report

Description

Polytetrafluoroethylene (PTFE) market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application, and regions. This report studies global polytetrafluoroethylene (PTFE) market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global polytetrafluoroethylene (PTFE) products.

Polytetrafluoroethylene or PTFE is mostly opaque plastic fluoropolymer and versatile ivory-white. It is predominantly prepared through the polymerization of free radicals of many tetrafluoroethene molecules, besides it is appropriate for a variety of applications in manufacturing in various end users such as pharmaceuticals and telecoms, aerospace, the food and drink industry. PTFE is usually known as Teflon and deals with outstanding nonstick properties in cookware uses such as baking trays, and kitchen pans. PTFE has variety of properties such as it high electrical resistance and dielectric strength, exhibits resistance to water, high flexural strength, even in low temperatures. These factors contribute towards the growth of market. However, high operation and maintenance cost associated with the use of PTFE restraints the market growth. Key players in global market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others. For instance, July 2017: 3M developed patent for a new technology for fully fluorinated polymers such as polytetrafluoroethylene (PTFE) that can be processed by 3D printing method


Polytetrafluoroethylene (PTFE) Market

MARKET SUMMARY
-
x
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR–X%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Europe

Polytetrafluoroethylene (PTFE) Market

  • Polytetrafluoroethylene (PTFE) market expanding at a significant CAGR over 2021 to 2028 due to growth in imports and exports of goods.
  • Based on application type, industrial and chemical processing segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global polytetrafluoroethylene (PTFE) market
Market Leaders
  • The 3M Company
  • AGC Chemicals Americas, Inc.
  • Arkema S.A.
  • Solvay S.A.
  • DowDuPont, Inc
  • Daikin Industries, Ltd
  • The Chemours Company
  • Solvay
  • Asahi Glass Co., Ltd
Polytetrafluoroethylene (PTFE) Market

Drivers and Restraints

Polytetrafluoroethylene (PTFE) finds a wide range of application in industrial & chemical processing, electrical & electronics. Industrial and chemical processing holds a major chunk in the market. Industrial processing applications comprises of spacers, washers, linings, gaskets, seals, pump interiors. The PTFE coverings in the chemical processing industry provides greater protection against harsh environment. Automotive and transportation industry is expected to grow at a significant pace. Applications of automotive and transportation industry include lithium-ion battery packs, heat shielding and thermal insulation, body exterior, electrical insulation, paint masking, chassis and braking systems, interior, HVAC, and NVH control. Occurrence of large number of vehicle industries in the developing marketplaces of India, China, and Japan are advancing the growth of market.


Polytetrafluoroethylene (PTFE) Market Regional Analysis

Asia Pacific dominates the market

Asia Pacific is the dominant market and is expected to grow at a significant CAGR during the forecast period. The growth in this region can be attributed to the presence of vehicle manufacturing facilities. Moreover, rapid industrialization and urbanization in the emerging economies like India and China is expected to boost demand for PTFE. North America and Europe, are the foremost players in the market, the growth is due to constant advancements in technology for end products which further creates a demand for PTFE in the market, thereby driving the market growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis
Polytetrafluoroethylene (PTFE) Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Execut Summary
2. Global Polytetrafluoroethylene (PTFE) Market Introduction
2.1. Global Polytetrafluoroethylene (PTFE) Market – Taxonomy
2.2. Global Polytetrafluoroethylene (PTFE) Market –Definitions
2.2.1. By Form
2.2.2. By Application
2.2.3. By End-use Industry
2.2.4. By Region
3. Global Polytetrafluoroethylene (PTFE) Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Polytetrafluoroethylene (PTFE) Market Dynamic Factors – Impact Analysis
3.6. Global Polytetrafluoroethylene (PTFE) Market – Competition Landscape
4. Global Polytetrafluoroethylene (PTFE) Market Analysis,2017-2021 and Forecast, 2022-2028
4.1. Market Analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Polytetrafluoroethylene (PTFE) Market, By Form, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Granular
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Fine Powder
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Dispersion
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Micronized
5.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Polytetrafluoroethylene (PTFE) Market Forecast, By Application, 2017-2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Sheet
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Coatings
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Pipes
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Films
6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Polytetrafluoroethylene (PTFE) Market, By End-use Industry, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Chemical & Industrial Processing
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Electronics & Electrical
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Automotive & Aerospace
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Consumer Goods
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Building & Construction
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Others
7.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
8. Global Polytetrafluoroethylene (PTFE) Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Polytetrafluoroethylene (PTFE) Market – Opportunity Analysis Index, By Form, Application, End-use Industry, and Region, 2022-2028
9. North America Polytetrafluoroethylene (PTFE) market analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. By Form Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Granular
9.1.2. Fine Powder
9.1.3. Dispersion
9.1.4. Micronized
9.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Sheet
9.2.2. Coatings
9.2.3. Pipes
9.2.4. Films
9.2.5. Others
9.3. End-use Industry Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. Chemical & Industrial Processing
9.3.2. Electronics & Electrical
9.3.3. Automotive & Aerospace
9.3.4. Consumer Goods
9.3.5. Building & Construction
9.3.6. Others
9.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Polytetrafluoroethylene (PTFE) Market – Opportunity Analysis Index, By Form, Application, End-use Industry, and Country, 2022-2028
9.6. North America Polytetrafluoroethylene (PTFE) Market Dynamics – Trends
10. Europe Polytetrafluoroethylene (PTFE) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. By Form Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Granular
10.1.2. Fine Powder
10.1.3. Dispersion
10.1.4. Micronized
10.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Sheet
10.2.2. Coatings
10.2.3. Pipes
10.2.4. Films
10.2.5. Others
10.3. End-use Industry Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Chemical & Industrial Processing
10.3.2. Electronics & Electrical
10.3.3. Automotive & Aerospace
10.3.4. Consumer Goods
10.3.5. Building & Construction
10.3.6. Others
10.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Polytetrafluoroethylene (PTFE) Market – Opportunity Analysis Index, By  Form, Application, End-use Industry, and Country, 2022-2028
10.6. Europe Polytetrafluoroethylene (PTFE) Market Dynamics – Trends
11. Asia-Pacific Polytetrafluoroethylene (PTFE) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. By Form Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Granular
11.1.2. Fine Powder
11.1.3. Dispersion
11.1.4. Micronized
11.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Sheet
11.2.2. Coatings
11.2.3. Pipes
11.2.4. Films
11.2.5. Others
11.3. End-use Industry Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Chemical & Industrial Processing
11.3.2. Electronics & Electrical
11.3.3. Automotive & Aerospace
11.3.4. Consumer Goods
11.3.5. Building & Construction
11.3.6. Others
11.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Polytetrafluoroethylene (PTFE) Market – Opportunity Analysis Index, By  Form, Application, End-use Industry, and Country, 2022-2028
11.6. Asia-Pacific Polytetrafluoroethylene (PTFE) Market Dynamics – Trends
12. Latin America Polytetrafluoroethylene (PTFE) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. By Form Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Granular
12.1.2. Fine Powder
12.1.3. Dispersion
12.1.4. Micronized
12.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Sheet
12.2.2. Coatings
12.2.3. Pipes
12.2.4. Films
12.2.5. Others
12.3. End-use Industry Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Chemical & Industrial Processing
12.3.2. Electronics & Electrical
12.3.3. Automotive & Aerospace
12.3.4. Consumer Goods
12.3.5. Building & Construction
12.3.6. Others
12.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Polytetrafluoroethylene (PTFE) Market – Opportunity Analysis Index, By Form, Application, End-use Industry, and Country, 2022-2028
12.6. Latin America Polytetrafluoroethylene (PTFE) Market Dynamics – Trends
13. Middle East and Africa Polytetrafluoroethylene (PTFE) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. By Form Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Granular
13.1.2. Fine Powder
13.1.3. Dispersion
13.1.4. Micronized
13.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Sheet
13.2.2. Coatings
13.2.3. Pipes
13.2.4. Films
13.2.5. Others
13.3. End-use Industry Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Chemical & Industrial Processing
13.3.2. Electronics & Electrical
13.3.3. Automotive & Aerospace
13.3.4. Consumer Goods
13.3.5. Building & Construction
13.3.6. Others
13.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Polytetrafluoroethylene (PTFE) Market – Opportunity Analysis Index, By Form, Application, End-use Industry, and Country, 2022-2028
13.6. MEA Polytetrafluoroethylene (PTFE) Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Application& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Chemours (US)
14.2.2. Daikin (Japan)
14.2.3. 3M (US)
14.2.4. Solvay (Belgium)
14.2.5. Asahi
14.2.6. Glass Company (Japan)
14.2.7. Dongyue (China)
14.2.8. Zhejiang Juhua (China)
14.2.9. Shanghai 3F New Materials Company Ltd. (China)
14.2.10. HaloPolymer(Russia)
14.2.11. Gujrat Fluorochemicals (India).
14.2.12. Serge Ferrari (France)
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • Chemours (US)
  •  Daikin (Japan)
  • 3M (US)
  • Solvay (Belgium)
  • Asahi
  • Glass Company (Japan)
  • Dongyue (China)
  • Zhejiang Juhua (China)
  • Shanghai 3F New Materials Company Ltd. (China)
  • HaloPolymer(Russia)
  • Gujrat Fluorochemicals (India).
  • Serge Ferrari (France)

Description

Polytetrafluoroethylene (PTFE) market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application, and regions. This report studies global polytetrafluoroethylene (PTFE) market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global polytetrafluoroethylene (PTFE) products.

Polytetrafluoroethylene or PTFE is mostly opaque plastic fluoropolymer and versatile ivory-white. It is predominantly prepared through the polymerization of free radicals of many tetrafluoroethene molecules, besides it is appropriate for a variety of applications in manufacturing in various end users such as pharmaceuticals and telecoms, aerospace, the food and drink industry. PTFE is usually known as Teflon and deals with outstanding nonstick properties in cookware uses such as baking trays, and kitchen pans. PTFE has variety of properties such as it high electrical resistance and dielectric strength, exhibits resistance to water, high flexural strength, even in low temperatures. These factors contribute towards the growth of market. However, high operation and maintenance cost associated with the use of PTFE restraints the market growth. Key players in global market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others. For instance, July 2017: 3M developed patent for a new technology for fully fluorinated polymers such as polytetrafluoroethylene (PTFE) that can be processed by 3D printing method

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