Project report for P T F E Tape Manufacturing

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Introduction

In India, Consumption of P.T.F.E. continuously grows as new applications are developed. The major applications of these resins are electrical, mechanical and chemical. Teflon in the form of film, filament, tapes, pipes and molded articles, is used as wire insulation, gaskets, seals, stopcocks, packing and corrosion-resistant coatings. Teflon is much used in the productions of radio-frequency apparatus. It is particularly suitable in those components of an apparatus where high heat resistance and high electrical insulation properties are required. The properties of inertness, electrical insulation, low friction and the fact that these properties are retained at both high and low temperatures, have caused PTFE to be in great demand for many purposes. Due to over increasing utility of Teflon tapes in industry, it has good market potential. It will be profitable for new entrants to invest into this field.

Thread seal tape is also known as PTFE tape, Teflon tape, or plumber's tape. It is a polytetrafluoroethylene (PTFE) film tape commonly used in plumbing for sealing pipe threads. The tape is sold cut to specific widths and wound on a spool, making it easy to wind around pipe threads. Thread seal tape lubricates allowing for a deeper seating of the threads, and it helps prevent the threads from seizing when being unscrewed. The tape also works as a deformable filler and thread lubricant, helping to seal the joint without hardening or making it more difficult to tighten, and instead making it easier to tighten. Typically the tape is wrapped around a pipe's thread three times before it is screwed into place. It is commonly used commercially in applications including pressurized water systems, central heating systems, and air compression equipment.

Market potential & Strategy

The PTFE Tapes market size is expected to gain market growth in the forecast period of 2021 to 2025, with a CAGR of 4.0% in the forecast period of 2021 to 2025 and will expected to reach INR 515,920 Lakhs by 2025, from INR 440,660 Lakhs.The PTFE tapes market is marked with intense competition due to the presence of a large number of players. PTFE Tape is widely consumed by PTFE Cable manufacturers, high temperature resistance sealing tape producers and as thread sealant tape production. New product launches and acquisitions are the key strategies adopted by market players to expand their business in the industry. Market for PTFE sealing tape is nationwide and also there is excellent scope for export. The product is mainly used in piping of liquid and gaseous products. It is also used for automobile engines, industrial machines and capital goods. The demand is increasing day by day with growth of infrastructure activities. There are few companies exporting tape to Middle East, Africa, USA and neighboring countries.

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