The report “PTFE Fabric Market by Type (PTFE Coated Fabric, Nonwoven Fabric, and PTFE Fiber-Made Fabric), End-Use Industry (Food, Construction, Filtration), and Region (Asia Pacific, North America, Europe, South America) - Global Forecast to 2023”, The PTFE fabric market is projected to grow from USD 690.8 million in 2018 to USD 908.1 million by 2023 at a CAGR of 5.6% from 2018 to 2023.
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Market Dynamics
High demand for PTFE fabrics in the automotive industry
PTFE fabrics are witnessing good growth in the automotive industry. PTFE coated fiberglass is used in the production of automotive parts during automotive extrusion, while PTFE coated conveyor belts are used for cooling the extruded products after formation. PTFE coated fabrics are used when a coarser texture is desired in the weave pattern. A PTFE coated fiberglass mesh is also used during the initial cooling before the extrusion is transferred to the cooling belt.
PTFE fabrics are also used to manufacture the interior components of automobiles, such as carpets, seating, roof linings, acoustic panels, and internal panels. In the manufacturing of interior components, nonwoven fibers including fiberglass are first mixed with polymers, heated, and then shaped using dies. With the automotive industry witnessing good growth, the demand for PTFE fabrics is also expected to increase.
High cost of PTFE coated fabrics as compared to PVC coated fabrics
The construction industry is one of the upcoming markets for PTFE coated fabrics. It is one of the fastest growing end-user industries in developed markets, such as North America and Europe. However, PTFE fabrics, due to their high cost, face stiff competition from PVC coated fabrics in emerging markets, such as India. PVC coated fabrics are more widely used in the construction industry due to their lower cost as compared to PTFE coated fabrics.
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♦ Major Key Players -
Taconic (US), FIBERFLON (Turkey), Saint-Gobain Performance Plastics (France), W. L. Gore & Associates, Inc. (US), Chukoh Chemical Industries (Japan), Daikin Industries (Japan), Sefar AG (Switzerland), Fothergill Group (UK), Birdair (US), and W.F. Lake Corp. (US) are some of the leading players operating in the PTFE fabric market.
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