PTFE Fabric - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global PTFE Fabric Market is accounted for $703.80 million in 2018 and is expected to reach $1,349.36 million by 2027 growing at a CAGR of 7.5%. High demand for PTFE fabrics in the automotive industry and growing demand for PTFE Coated fabrics in the construction industry are likely to boost the growth of the PTFE fabric market. However, high cost of PTFE coated fabrics as compared to PVC coated fabrics is likely to hamper the profit boundaries.
The PTFE fabric has been designed to be chemically inert and known to remain intact under extreme temperatures. This has been the underlying reason for the swift uptake of PTFE fabric in a wide range of industry starting from construction and stretching up to packaging. PTFE fabric market has been witnessing an exponential rise as it has become an integral material in the production of several industrial goods. It is largely being used for coating non-woven and flexible-woven materials such as woven wire, glass fiber cloth, and aramid fabrics as it offers excellence resistance to fire. Properties such as non-stick, friction-free, and non-brittle are also expected to win the global PTFE fabric market a definite consumer base.
Based on type, the nonwoven fabric segment is estimated to have a lucrative growth due to their demand in composites manufacturing as they can be used as a component in the apparel, healthcare, and industrial applications, thus keeping their demand in this segment high. By geography, Asia Pacific is likely to have a huge demand due to the growing demand from end-use industries, such as food, construction, and filtration. The ever-increasing disposable income and growing population of the APAC is the major driving force behind this market surge.
Some of the key players in the PTFE Fabric market include Aetna Plastics, Asahi Glass Co., Ltd, Birdair, Ceno Tec, Chukoh Chemical Industries, Daikin Industries, EDER, Fiberflon, Fothergill Group, Saint-Gobain Performance Plastics, Sefar, Siftex, Taconic, Techbelt, Textiles Coated International, The Chemours Company, Toss GmbH & Co. Kg, W. L. Gore & Associates Inc, W.F. Lake Corp, and Zhejiang Kertice Hi-Tech Fluor-Material Co Ltd.
• Non-Porous PTFE Glass Fabric
• Nonwoven Fabric
• Porous PTFE Glass Fabric
• PTFE Coated Fabric
• PTFE Fiber-Made Fabric
• Other Applications
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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