Global PTFE Fabric Market is valued USD 630 million in 2016 is anticipated to grow USD 1028.8 million with the compounded annual growth of 7.30% over the forecast period 2018-2025.
New York 26 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global PTFE Fabric Market industry is poised to raise USD 1028.8 million by 2025. High demand for PTFE fabrics in the automotive industry, their growing consumption in the construction industry, and increasing consumption of composite fabrics for industrial applications are the key factors driving the growth of the PTFE fabric market across the globe. 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.
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Global PTFE Fabric Market Size study, by Type (PTFE Coated Fabric, Nonwoven Fabric, PTFE Fiber Made Fabric), by End-Use Industry (Food, Construction, Filtration, Others)and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players Taconic, Fiberflon, Saint-Gobain Performance Plasticsm W. l. Gore & Associates, Inc., Chukoh Chemical Industries, Daikin Industries, Sefar, Fothergill Group , W.F. Lake Corp, Birdair and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region is the largest and the fastest-growing market for PTFE fabric.
- The Asia Pacific PTFE fabric market is majorly driven by the growing demand from end-use industries, such as food, construction, and filtration.
Bizwit Research & Consulting LLP has considered following segments for the study:
- PTFE Coated Fabric
- Nonwoven Fabric
- PTFE FIBER Made Fabric
By End Use Industry:
- North America
- Asia Pacific
- Latin America
- Rest of the World