Press release
Global Polytetrafluoroethylene (PTFE) Fabrics Market is expected to grow at a CAGR of 5.64% during the forecast period from 2019-2026
Global Polytetrafluoroethylene (PTFE) Fabrics Market 2019, Global Polytetrafluoroethylene (PTFE) Fabrics Market Growth
"Polytetrafluoroethylene (PTFE) Fabrics Market by Type (PTFE Coated Fabric, Nonwoven Fabric, PTFE Fiber-Made Fabric), End User Industry, Regions",and Global Forecast 2019-2026.
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Major players in the global polytetrafluoroethylene (PTFE) fabricsmarket are Taconic, FIBERFLON, Saint-Gobain Performance Plastics, W. L. Gore & Associates, Inc., Chukoh Chemical Industries, Daikin Industries,Sefar AG, Fothergill Group, Birdair, W.F. Lake Corp., Aetna Plastics Corporation, CENO Tec GmbH, Techbelt, The Chemours Company, Siftex, Textiles Coated International, Zhejiang Kertice Hi-Tech Fluor-Material Co., Ltd, Toss GmbH & Co. Kg, and Asahi Glass Co., Ltd. among others. In order to effectively participate in the highly competitive market major firms are emphasizing on the launch of newer products. For instance in 2017, W. L. Gore & Associates launched a new navy-blue GORE TENARA sewing thread for marine application. This new product launch helped the company expand its offering of expanded PTFE fabric products.
The type segment is divided into PTFE coated fabric, nonwoven fabric, and PTFE fiber-made fabric. The nonwoven fabric segment emerged as the leader in the global polytetrafluoroethylene (PTFE) fabricsmarket with a market share of 48.29% in 2018. Factors such as widespread utilization of PTFE nonwoven fabrics as a component in the apparel, healthcare, and industrial applications as well as in the composites manufacturing sector led the nonwoven fabric segment to dominate the PTFE fabrics market in 2018. The end user industry segment contains automotive, food& beverages, construction, filtration and others. The Teflon (polytetrafluoroethylene) is a FDA approved material, the PTFE fabric has a huge a potential value in the food & beverages industry for protecting and preserving the processed food. Therefore the food & beverages segment is expected to grow at the highest CAGR of 7.81% over the forecast period
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Even though the factors such as high demand for PTFE fabrics in the automotive industry, growing demand for PTFE fabrics in the construction industry along with rising consumption of composite fabrics for industrial application are driving the global polytetrafluoroethylene (PTFE) fabricsmarket, the availability of the low cost alternatives and volatility in the price of raw materialsare expected to restrain the market growth over the forecast period.
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