Polytetrafluoroethylene (PTFE) Fabrics Market Expected To Reach USD 1010.2 Million By Year 2026 | Top Key Players 3M, Aetna Plastics Corporation, Birdair, Chukoh Chemical Industries

According to the current analysis of Reports and Data, the global Polytetrafluoroethylene (PTFE) Fabrics Market was valued at USD 670.8 Million in 2018 and is expected to reach USD 1010.2 Million by year 2026, at a CAGR of 5.3%. Polytetrafluoroethylene (PTFE) is a Teflon-coated woven fiberglass membrane that has biochemical properties which makes it ideal for projects which needs superior weather and fire resistance. Properties such as non-stick, friction-free, and non-brittle are the driving factors of the global PTFE fabric market during the forecasted areas.

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Companies considered and profiled in this market study:

The Global Polytetrafluoroethylene (PTFE) Fabrics Market study postulates constructive intuition globally which includes the companies who are the key players in Global Polytetrafluoroethylene (PTFE) Fabrics Market, such as 3M, Aetna Plastics Corporation, Birdair, Chukoh Chemical Industries, CENO Tec GmbH, Daikin Industries, Fiberflon, Fothergill Group, Saint-Gobain Performance Plastics, Sefar AG, Taconic, Urja Fabrics, W. L. Gore & Associates, Inc., W.F. Lake Corp.

The global market will also be fuelled by introduction of PTFE fabrics for the production of gaskets, seals, and bearings for chemicals, gases, oils, chutes, hoppers, and troughs as they are known to be non-sticky. High manufacturing cost of PTFE coated fabrics compared to PVC coated fabrics is the key factor restraining the growth of the market.

Segments covered in the report:

For the purpose of this report, Reports and Data have segmented the Silicon Nitride market on the basis of product type, grade, application, end use, and region:

Product Type (Revenue, USD Million; 2016-2026)
1. PTFE Coated Fabric
2. Nonwoven Fabric
3. PTFE Fiber-Made Fabric

End Use (Revenue, USD Million; 2016-2026)
1. Food
2. Construction
3. Filtration
4. Others

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Regional Outlook: (Revenue, USD Million; 2016-2026)
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa (MEA)

Further key findings from the report suggest

1. PTFE fabric Market is fastest growing at a CAGR of 8% in Asia Pacific followed by Europe and North America respectively. Asia Pacific segment is led due to growing demand from end-use industries, such as food, construction, and filtration.

2. The nonwoven fabric segment is expected to be the largest type segment of the PTFE fabric market during the forecast period. PTFE-based nonwoven fabrics are extensively used in composites manufacturing.

3. The emerging economies of Malaysia, Indonesia, and South Korea are expected to be key contributors to the soaring revenue of the Asia Pacific PTFE fabric market.

4. The building and construction segment is the key consumer of PTFE fabric during the forecast period, because of high demand for pipe and line fittings, tubes, and rods.

5. North America and Europe PTFE fabric market is expected to grow at a slow-pace in the near future.

6. Key participants include 3M, Birdair, Chukoh Chemical Industries, Saint-Gobain Performance Plastics.

7. Recently, on-going technological advancements and launch of new products are some lucrative opportunities for the market to grow in the near future.

8. The price volatility of raw materials might act as the impeding factor for the market growth.

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