According to the report titled ‘Global PTFE CCL Market Size study with COVID-19 Impact, by Type (PTFE Fiberglass Type, PTFE Filled Type), by Application (Communication Infrastructure, Electronics Product, Automotive, Defense, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global PTFE CCL market was worth USD 380 million in 2019 and is projected to grow with a CAGR of 5% during 2020-2027.
 

Surging demand for electronic products along with new innovations in semiconductor technology are the key factors driving the growth of global PTFE CCL market growth.
 

Notably, PTFE (Polytetrafluoroethylene) has properties like low friction, thermal resistance, flexibility, and chemical resistance, owing to which, it is used in several applications across industries like building & construction, consumer goods, electronics & electrical, and aerospace. Extensive usage of PTFE CCL in hardware sector for manufacturing several electronic products like radios, mobile phones, computers, and televisions is fueling global PTFE CCL market expansion. According to Statista, in 2020, the number of smartphone users increased by 10.34% from the year 2018.
 

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The outbreak of COVID-19 enforced government to impose lockdowns which led factories being non-operational temporarily owing to government norms and labor safety concerns, thereby negatively impacting global PTFE CCL industry remuneration. However, upcoming 5G technologies which need 5G infrastructure materials and technological development pertaining to optical information storage systems are contributing to the overall market growth.
 

As per the report by Gartner Inc., 5G infrastructure sector is anticipated to increase by 89% in one year of its launch. Also, drastic rise in e-vehicle usage is likely to propel global PTFE CCL market in the upcoming years. However, availability of other substitutes is projected to hamper the industry expansion over the estimated timeframe.
 

Based on type, worldwide PTFE CCL market is divided into PTFE filled and PTFE fiberglass type. Speaking of application spectrum, the industry is bifurcated into defense, automotive, electronics product, communication infrastructure, and others.
 

From regional perspective, Asia Pacific presently holds a considerable share of global PTFE CCL industry and is expected to expand further over the assessment period. The regional growth is credited to inclination towards usage of electronic products in emerging countries like India, China, and Japan, along with technological advancements.
 

Leading organizations influencing PTFE CCL market dynamics are Cipel Italia S.R.L., Shandong Jinbao Electronics Co. Ltd., ITEQ Corporation, Shengyi Technology Co. Ltd., Isola Group Ltd., Panasonic Corporation, Taiwan Union Technology Corporation, Nan Ya Plastics Corporation, Doosan Group, Guangzhou Grace Electron Corporation, and Guangdong Chaohua Technology Co., Ltd.