Global PTFE Fabric Market
Posted by Nishigandha Sachin Bhushinge on December 23rd, 2019
Global PTFE Fabric Market was valued at US$ 654.2 Mn in 2017 and is expected to reach US$ 1123.4 Mn by 2026, at a CAGR of 6.99 % during a forecast period.
High request for PTFE fabrics in the automotive industry, their increasing consumption in the construction industry, and growing consumption of composite fabrics for industrial applications are the key factors driving the development of the global PTFE fabric market. The global market will also be driven by adoption of PTFE fabrics for the production of gaskets, seals, and bearings for chemicals,chutes, oils, hoppers, gases, hot platens, and troughs as they are known to be non-sticky. The chemical industry will also be a loyal customer of PTFE fabric as they are being used for making lining resources for piping compensators in the near future.
Based on end-use industry segment,the food segment is projected to hold the largest market share during forecasting period .Anti-friction and non-flammability are the key benefits of PTFE fabric, and with PTFE actuality an FDA-approved, there is a increasing demand for this fabric in the food segment. On the basis of type segment, the nonwoven fabric segment is projected to be the largest to hold largest market shareduring the forecast period. PTFE-based nonwoven fabrics are extensively used in composites manufacturing. They are also used as a component in the apparel, and industrial applications, healthcare thus keeping the demand for this segment high. On the basis of type segment, the global PTFE coated fabric segment is expected to hold largest marketshare during forecasting period.
There is a high request for PTFE coated fabrics from the food and construction end-use industries. These coated fabrics are widely used in the construction industry owing to their durability and longer shelf life. Being FDA accepted, they are also in high request in the food industry, mainly for use in food processing and food packaging.
In terms of region, Asia Pacific region is the largest market share during forecasting period. The Asia Pacific global PTFE fabric market is majorly driven by growing demand from end-use industries, like food, filtration, andconstruction. Development of these end-use industries is largely driven by region's growing population, growing per capita income, and changing lifestyle. Increasing demand across globe has led to capacity expansions by manufacturers of PTFE fabric.
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Scope of Global PTFE Fabric Market
Global PTFE Fabric Market, by Type
• PTFE Coated Fabric • Nonwoven Fabric • PTFE Fiber-Made Fabric
Global PTFE Fabric Market, by End-Use Industry
• Food • Construction • Filtration • Others
Global PTFE Fabric Market, by Region
• North America • Europe • Asia Pacific • Middle East & Africa • South America
Key Players Operating in Global PTFE Fabric Market
• Taconic • Fiberflon • Saint-Gobain Performance Plastics • W. L. Gore & Associates, Inc. • Chukoh Chemical Industries • Daikin Industries • Sefar • Fothergill Group • Birdair • W.F. Lake Corp. • The Chemours Company • Aetna Plastics • Siftex • Ceno Tec • Textiles Coated International • Zhejiang Kertice Hi-Tech Fluor-Material Co., Ltd. • EDER • Toss GmbH & Co. Kg • Techbelt • Asahi Glass Co., Ltd.
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About the AuthorNishigandha Sachin Bhushinge
Joined: December 18th, 2019
Articles Posted: 87
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