Press release
PTFE Fabric Market Size 2022 Share, Trend, Growth Factor, Top Key Players, Segmentation and Forecast to 2029
PTFE Fabric Market Overview:The demand for PTFE fabrics in the automotive industry and construction industry is the primary factor boosting the global demand. The self-cleaning characteristics of PTFE fabric have shown to be an asset to builders, assuring consistent usage of these fabrics in the building and construction business. Moreover, the global market will also be driven by the adoption of PTFE fabrics for the production of gaskets, seals, and bearings for chemicals, gases, oils, chutes, hoppers, hot platens, and troughs as they are non-sticky. The chemical industry will also be a faithful consumer of PTFE fabric as they are being practiced for making lining materials for piping compensators. This drives the global PTFE fabrics market.
PTFE Fabric Market was valued at USD 830.00 Million in 2020 and is projected to reach USD 1,332.43 Million by 2029, growing at a CAGR of 5.4% from 2022 to 2029.
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PTFE is an acronym for polytetrafluoroethylene, a type of synthetic polymer called a fluoropolymer, as it contains only carbon and fluorine. It is a fluorocarbon solid having a molecular weight and comprises hydrophobicity, a physical property of repelling water. PTFE is a rigid substance, hence added to other varieties of material to make a fiber-like substance. The PTFE fabric has been designed to be chemically inert and is known to remain intact under extreme temperatures up to 73 degrees Celsius to 232 degrees Celsius.
PTFE Fabric Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Taconic, FIBERFLON, Saint-Gobain Performance Plastics, Sefar AG, Fothergill Group, W.F. Lake Corp, Aetna Plastics Corporation, CENO Tec GmbH, Techbelt, Birdair, Chukoh Chemical Industries, URJA PRODUCTS PRIVATE LIMITED, Daikin Industries, Birdair, TOSS Gm and Others
Recent Development
08.2021- FIBERFLON manufactures widest fluoropolymer film laminated multi-ply PTFE conveyor belt in the world
FIBERFLON manufactures multi-ply PTFE conveyor belts up to 3.5 meters wide (138") with Prime Surface (additional fluoropolymer film laminated at entire width of the belt). Fluoropolymer film laminated multi-ply belt FIBERLAM 141BX2PLY-1P successfully works in double belt press machines at many companies.
Taconic Europe driving forward in 2022
Taconic Europe is in pole position to meet your needs for PTFE glass fabrics, tapes & belts for all high temperature applications. Last week at our 2022 Kick-Off Sales Meeting, our Sales & Technical teams discussed new product applications & projects, and how we can best meet the growing needs of customers.
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PTFE Fabric Market Segmentation:
Global PTFE Fabric Market by Type, 2020-2029, (USD Million), (Kilotons)
PTFE Coated Fabric
Nonwoven Fabric
PTFE Fiber-Made Fabric
Global PTFE Fabric Market by Application, 2020-2029, (USD Million), (Kilotons)
Food
Construction
Filtration
Others (Medical, Transportation, Protective Clothing)
Market Dynamics
PTFE fabric market will grow owing to the driving factors such as increasing demand for PTFE fabrics in the aerospace and automotive industry due to its chemical resistivity. The demand for PTFE fabrics demand will further grow due to its increasing demand in the construction industry. Predominantly, higher cost of PTFE fabrics than PVC fabric may pose some hindrance for PTFE fabric market. However, PTFE fabrics' properties such as waterproof, windproof will create new opportunities in the food processing industry for the PTFE fabric market.
Growth Factors:
Increasing demand from the PTFE Fabric industries
The growing use of PTFE Fabric in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in PTFE Fabric Market
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PTFE Fabric Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key PTFE Fabric Market Trends
- The report identifies, determines, and forecasts the Global PTFE Fabric Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the PTFE Fabric Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the PTFE Fabric Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global PTFE Fabric Market.
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