The Fluoropolymers (PTFE) market price for the APAC region has experienced an increase during the first week of March, then remained stable in the second week which is driven by balanced supply-demand dynamics, contributing to improved market conditions.

In the APAC region, the PTFE market is showing growth in the price trend around 1.61%, driven by consistently increasing demand across industries such as pharmaceuticals, and semiconductors. The supply has remained sufficient under the new market conditions as there is an adequate inventory in the market. The 3% decrease in freight rates have boosted the trading activities across the nation due to which the PTFE market remained steady. The downstream industries such as pharma has showed increase in consumption as in domestic market, companies like Zydus, Torrent pharma has reported a significant monthly value growth. China’s manufacturing economy expanded at a faster rate in February, supported by concurrent rises in both output and new orders amid evidence of improved market conditions. The demand for PTFE remains constant as the purchasing activity growth also picked up. Additionally, the demand in the semiconductors market has improved, as the Semiconductor Industry Association (SIA) announced global semiconductor sales has increased in the month of January which continued its trend into the month of February.

The European market has showed a stable price trend for PTFE in the first half of March as the demand from the downstream sector has been consistent despite the decrease in sales of semiconductors market as the Semiconductor Industry Association (SIA) announced global semiconductor sales has decreased in the month of January which continued its trend into the month of February. Sufficient supply of PTFE in the domestic market indicates the demand for pharma-based products has been stable, reflect consistency in price trend. Germany's manufacturing sector has increased by around 3.33%, with goods producers reporting few new orders in the market which indicates the steady trend. The downstream pharma companies, have seen a rise in consumption of PTFE, as seen by the notable monthly value gain in the domestic market. The global currency of USD has become stronger which indicates limited imports from exporting countries.

The PTFE market is expected to maintain a modest price increase in the coming months as, the strong demand in pharmaceuticals and semiconductors market, particularly from APAC region is bound to sustain. However, logistical disruptions such as port congestions, variations in feedstock industry prices and energy prices, could create volatility in the PTFE market.