The global polytetrafluoroethylene (ptfe) market size was valued at USD 2.38 billion in 2021 and is poised to grow at a significant CAGR of 11.8% during the forecast period 2022-28. Polytetrafluoroethylene is a tetrafluoroethylene fluoropolymer made synthetically. Tetrafluoroethylene polymerization produces a strong, waxy, non-flammable synthetic resin with a high crystallisation and melting point.
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