High Temperature Thermoplastics Market worth 21.70 Billion USD by 2022 (Analysis of Covid19 Impact)

 The report “High Temperature Thermoplastics Market by End-use Industry (Transportation, Electrical & Electronics, Industrial, Medical), Resin Type (High Temperature FPs, HPPA, PPS, SP, LCP, AKP, PI), Temperature Range, and Region - Global Forecast to 2022”, The High Temperature Thermoplastics (HTTs) market is estimated at USD 14.28 Billion in 2017 and is projected to reach USD 21.70 Billion by 2022, at a CAGR of 8.57% from 2017 to 2022. The market is driven by the replacement of conventional materials with high temperature thermoplastics in high dimensional stability and high temperature applications.

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Browse 68 Market Data Tables and 47 Figures spread through 150 Pages and in-depth TOC on “High Temperature Thermoplastics Market by End-use Industry (Transportation, Electrical & Electronics, Industrial, Medical), Resin Type (High Temperature FPs, HPPA, PPS, SP, LCP, AKP, PI), Temperature Range, and Region - Global Forecast to 2022”

Transportation industry is at the forefront and is driving the high temperature thermoplastics market

High temperature thermoplastics are widely used in electrical & electronics, medical, transportation, industrial, and other end-use industries due to their superior properties such as recyclability and improved stability at high temperatures. The transportation end-use industry accounted for the largest market share, in terms of value as well as volume in 2016, followed by electrical & electronics, industrial, medical, and others. The transportation industry includes aerospace and automotive. In automotive industry, HTTs are used in drivetrain systems, fuel systems, cooling & heating systems, electrical & electronics systems, mechanical gears, air intake systems, and so on. The medical end-use industry segment is estimated to grow at the highest CAGR between 2017 and 2022, in terms of value, among all the industries considered.

High temperature thermoplastics (range 302˚F-449.6˚F) segment accounts for a major market share in the high temperature thermoplastics market

High temperature thermoplastics can be classified into two types: high temperature thermoplastics (range 302˚F-449.6˚F) and extreme temperature thermoplastics (Range >449.6˚F), on the basis of their maximum continuous service temperature. The high temperature thermoplastics (range 302˚F-449.6˚F) segment accounts for the major share in the high temperature thermoplastics market. The extreme temperature thermoplastics (range >449.6˚F) segment is expected to grow at a higher CAGR of 8.95% in terms of value during the forecast period.

♦ Major Key Players -

Some of the key players in the HTTs market are BASF (Germany), Celanese Corporation (US), Solvay (Belgium), Arkema (France), Evonik Industries (Germany), DowDuPont (US), SABIC (Saudi Arabia), Victrex (UK), Royal DSM (Netherlands), and Toray (Japan).

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Polyurethane Elastomers Market Worth 16.63 Billion USD By 2022

The global PU elastomers market is estimated to grow from USD 12.47 Billion in 2017 to USD 16.63 Billion by 2022, at a CAGR of 5.9% from 2017 to 2022.

The report “Polyurethane Elastomers Market by Type (Thermoset Polyurethane Elastomers and TPU Elastomers), Application (Footwear, Automotive & Transportation, Industrial Machinery, Building & Construction), and Region – Global Forecast to 2022”, Globally, people are opting for products that deliver outstanding performance and have a long life. PU elastomers are used as a replacement for standard elastomers, metals, and rubbers because of their unique set of properties such as heat resistance, weathering resistance, ozone resistance, chemical resistance, oil & gas resistance, aging resistance, flexibility, durability, and huge variety. These factors ultimately increase the demand for PU elastomers globally.

Browse 75 market data tables and 38 figures spread through 125 pages and in-depth TOC on “Polyurethane Elastomers Market by Type (Thermoset Polyurethane Elastomers and TPU Elastomers), Application (Footwear, Automotive & Transportation, Industrial Machinery, Building & Construction), and Region – Global Forecast to 2022”

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♦ Major Key Players –

Some of the major players active in the global polyurethane elastomers market include BASF (Germany), Dow (US), Huntsman (US), Covestro (Germany), Mitsui Chemicals, (Japan), Chemtura Corporation (US), Lubrizol Corporation (US), P+S Polyurethan-Elastomere (Germany), Tosoh (Japan), and Wanhua Chemical (China).

On the Basis of Application:

• Footwear
• Automotive & Transportation
• Industrial Machinery
• Building & Construction

Footwear application is estimated to lead the PU elastomers market during the forecast period.

PU elastomers are majorly used in footwear application for the perfect combination of ergonomics, microclimate, and sensation to deliver the most comfortable experience to consumers. High abrasion resistance, light weight, and excellent long-term mechanical properties are preferable for hardwearing shoe soles in footwear applications.

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Tetrahydrofuran (THF) Market Worth 4.12 Billion USD By 2022

 The report “Tetrahydrofuran (THF) Market by Application (PTMEG, Solvents), Technology (Reppe Process, Davy Process, Propylene Oxide Process, Butadiene Process), and Region (Asia Pacific, North America, Europe, RoW) - Global Forecast to 2022”, The THF market is projected to grow from USD 2.95 Billion in 2017 to USD 4.12 Billion by 2022, at a CAGR of 6.9% from 2017 to 2022.

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Browse 60 market data Tables and 33 Figures spread through 100 Pages and in-depth TOC on “Tetrahydrofuran (THF) Market by Application (PTMEG, Solvents), Technology (Reppe Process, Davy Process, Propylene Oxide Process, Butadiene Process), and Region (Asia Pacific, North America, Europe, RoW) - Global Forecast to 2022”

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High demand for spandex and polyurethane across the globe is driving the growth of the THF market. Increased demand for spandex from the textile and apparel industries due to the high strength and elasticity offered by spandex has led to increase in the production of Polytetramethylene Ether Glycol (PTMEG), thereby leading to the growth of the THF market. The growing demand for tetrahydrofuran from the chemical and textile industries is also leading to the growth of the THF market. The textile industry in emerging economies such as China and India is expected to witness increased demand for tetrahydrofuran during the forecast period.

Among technologies, the Reppe process segment led the THF market in 2017, in terms of volume.

The Reppe process segment led the THF market in 2017, in terms of volume. The Reppe process is a mature technology and is widely used for the production of tetrahydrofuran due to its high production efficiency and low investment costs. It is also suitable for the mass production of tetrahydrofuran. Less number of steps involved in this process, saves the process time, thereby making manufacturing of tetrahydrofuran easy.

Among applications, the Polytetramethylene Ether Glycol (PTMEG) segment led the THF market in 2017, in terms of volume.

The PTMEG application segment led the THF market in 2017, in terms of volume. PTMEG is used in the production of spandex and polyurethane. Spandex is extensively used in women’s clothing such as leggings, form-fit garments, and trendy outfits; sportswear such as swimwear, athletic wear, and aerobic garments; and casual garments. Changes in trends in the apparel industry have been largely responsible for blending sportswear with the casual wear. In addition, the growing health awareness among masses has increased fitness activities across the globe. These trends have increased the demand for sportswear across the globe, thereby leading to the increased demand for spandex. This, in turn, is driving the demand for tetrahydrofuran in PTMEG application. Moreover, flourishing construction, automotive, and consumer goods industries have also fueled the consumption of polyurethane in PTMEG application, thereby leading to the increased demand for tetrahydrofuran.

The Asia Pacific THF market is projected to grow at the highest CAGR, in terms of volume during the forecast period.

The Asia Pacific region is the largest market for tetrahydrofuran. The Asia Pacific THF market is projected to grow at the highest CAGR, in terms of volume. Countries such as China and South Korea of the Asia Pacific region are expected to witness high growth during the forecast period. The Asia Pacific region is also a major market for textiles, packaging, automotive, and chemical processing, globally. Countries in the Asia Pacific region are expanding their production capacities and investing in new projects to decrease their dependence on imports, thereby fueling the regional energy security and autonomy. China has enormous production capacities for 1,4-Butanediol (BDO) and tetrahydrofuran. Moreover, the growing purchasing capacity of consumers, increasing dispensable income of the middle class population, and growing awareness among masses about benefits of fitness activities have surged the demand for spandex in sportswear. Government support for the promotion of various sports events in the Asia Pacific region has also led to increased demand for sportswear from the region, thereby leading to the increased demand for spandex. This, in turn, is contributing to the growth of the Asia Pacific THF market.

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Key Players in the THF Market

The key players operating in the THF market are BASF (Germany), Dairen Chemical (Taiwan), Ashland (US), INVISTA (US), Mitsubishi Chemical (Japan), LyondellBasell (the Netherlands), Sipchem (Saudi Arabia), Penn A Kem (US), Nova Molecular Technologies (US), and BioAmber (US), among others. These companies have adopted various dynamic business strategies to strengthen their position in the THF market.

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Construction Lubricants Market worth 15.64 Billion USD by 2022 (COVID-19 Impact)

 The construction lubricants market is projected to grow from USD 12.63 Billion in 2017 to USD 15.64 Billion by 2022, at a CAGR of 4.37% between 2017 and 2022.

The report “Construction Lubricants Market by Base Oil (Mineral Oil and Synthetic Oil), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle) - Global Forecast to 2022”, Growth of the construction industry in the APAC and the Middle East & Africa regions coupled with the improved quality of construction lubricants is expected to drive the construction lubricants market during the forecast period.

Browse 104 market data Tables and 41 Figures spread through 135 Pages and in-depth TOC on “Construction Lubricants Market by Base Oil (Mineral Oil and Synthetic Oil), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle) - Global Forecast to 2022”

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The synthetic base oil segment is projected to grow at a higher CAGR during the forecast period.

The construction lubricants market has been segmented on the basis of base oil into mineral oil and synthetic oil (PAO, PAG, Esters, Group III). The synthetic oil segment is projected to register the highest CAGR during the forecast period. Synthetic oil provides high performance and high drain interval than mineral oil. Moreover, due to the implementation of environmental rules and regulations in the developed regions, the market for synthetic oil is expected to register a higher CAGR between 2017 and 2022.

The hydraulic fluid segment is expected to lead the construction lubricants market during the forecast period.

Hydraulic fluid was the largest product type segment of the construction lubricants market, in terms of volume, in 2016. This dominance is mainly attributed to the high demand for hydraulic fluid for use in the heavy load equipment used in the construction industry. As the primary function of hydraulic fluid is energy transmission, the consumption of hydraulic fluid in the construction industry is high. However, due to the high cost and frequent replacement, the engine oil segment dominated the construction lubricants market in terms of value.

APAC is expected to be the largest market for construction lubricants during the forecast period.

The construction lubricants market has been studied for five regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. APAC is projected to be the largest construction lubricants market during the forecast period due to the massive industrial growth in emerging countries, such as China, India, and South Korea. Domestic and foreign investments in construction have been consistently growing over the past decade in this region. Moreover, the rising investments in infrastructure development in the developing countries of APAC are also fueling the growth of the construction lubricants market in the region.

Some of the key players in the construction lubricants market include Royal Dutch Shell (Netherlands), ExxonMobil (US), BP (UK), Chevron Corporation (US), Total (France), PetroChina (China), Sinopec (China), LUKOIL (Russia), Indian Oil Corporation (India), and Fuchs Petrolub SE (Germany).

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Everyone Is Flocking To Work In The Construction Lubricants Market Industry. But Why?

 The construction lubricants market is projected to grow from USD 12.63 Billion in 2017 to USD 15.64 Billion by 2022, at a CAGR of 4.37% between 2017 and 2022.

The report “Construction Lubricants Market by Base Oil (Mineral Oil and Synthetic Oil), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle) - Global Forecast to 2022”, Growth of the construction industry in the APAC and the Middle East & Africa regions coupled with the improved quality of construction lubricants is expected to drive the construction lubricants market during the forecast period.

Browse 104 market data Tables and 41 Figures spread through 135 Pages and in-depth TOC on “Construction Lubricants Market by Base Oil (Mineral Oil and Synthetic Oil), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle) - Global Forecast to 2022”

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The synthetic base oil segment is projected to grow at a higher CAGR during the forecast period.

The construction lubricants market has been segmented on the basis of base oil into mineral oil and synthetic oil (PAO, PAG, Esters, Group III). The synthetic oil segment is projected to register the highest CAGR during the forecast period. Synthetic oil provides high performance and high drain interval than mineral oil. Moreover, due to the implementation of environmental rules and regulations in the developed regions, the market for synthetic oil is expected to register a higher CAGR between 2017 and 2022.

The hydraulic fluid segment is expected to lead the construction lubricants market during the forecast period.

Hydraulic fluid was the largest product type segment of the construction lubricants market, in terms of volume, in 2016. This dominance is mainly attributed to the high demand for hydraulic fluid for use in the heavy load equipment used in the construction industry. As the primary function of hydraulic fluid is energy transmission, the consumption of hydraulic fluid in the construction industry is high. However, due to the high cost and frequent replacement, the engine oil segment dominated the construction lubricants market in terms of value.

APAC is expected to be the largest market for construction lubricants during the forecast period.

The construction lubricants market has been studied for five regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. APAC is projected to be the largest construction lubricants market during the forecast period due to the massive industrial growth in emerging countries, such as China, India, and South Korea. Domestic and foreign investments in construction have been consistently growing over the past decade in this region. Moreover, the rising investments in infrastructure development in the developing countries of APAC are also fueling the growth of the construction lubricants market in the region.

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Some of the key players in the construction lubricants market include Royal Dutch Shell (Netherlands), ExxonMobil (US), BP (UK), Chevron Corporation (US), Total (France), PetroChina (China), Sinopec (China), LUKOIL (Russia), Indian Oil Corporation (India), and Fuchs Petrolub SE (Germany).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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Polytetrafluoroethylene (PTFE) Market worth $3.60 billion by 2027

 The PTFE market is projected to grow at USD 3.60 billion by 2027, at a CAGR of 6.1% during the forecast period.

The report “Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion, and Micronized), End-use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region - Global Forecast to 2027”.

Browse 77 market data Tables and 34 Figures spread through 134 Pages and in-depth TOC on “Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion, and Micronized), End-use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region - Global Forecast to 2027”

Exceptional properties of PTFE, increasing demand for high-performance polymers, high-growth end-use industries, and demand for PTFE in emerging countries are driving the PTFE market. However, the increasing prices of PTFE are restraining the growth of the PTFE market. ePTFE and mPTFE offer significant opportunities, whereas, high investment cost, re-processing in the PTFE market, and stringent environmental regulations are significant challenges for the PTFE market.

On the basis of form, the granular segment is estimated to lead the PTFE market.

Granular PTFE is the most widely used form of PTFE, owing to its low price. The production technology of granular PTFE is less complicated and results in low manufacturing cost. Granular PTFE offers chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. Hence, it is used in the manufacturing of semi-finished and finished products such as rods, sheets, bushes, gaskets, seals plates, balls, piston rings, valve seats, expansion joints, diaphragms, piping components, O-rings, v-rings, connectors, and sockets.

Based on end-use industry, the chemical & industrial processing segment is estimated to lead the PTFE market.

PTFE resin is extensively used in the chemical & industrial processing industry in the form of films, gaskets, tubes, coatings, liners, and components in a wide range of machinery and equipment. It is mainly used in the manufacturing of pumps and valves, shaft seals, sliding elements, and friction bearings. Chemical resistance, thermal resistance, and flexural strength properties of PTFE make it suitable for its use in the chemical & industrial processing end-use industry.

The APAC PTFE market is projected to grow at the highest CAGR during the forecast period.

APAC is expected to be the fastest-growing PTFE market during the forecast period. The PTFE market in this region is led by China, Japan, India, and South Korea. The increasing demand for PTFE in the production of components used in automobiles, electronic devices, electrical appliances, chemicals, and industrial products in China and Japan, among other economies, is driving the growth in this market in APAC. These factors are driving key market players to expand their business in the APAC region.

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Key Players in the PTFE Market

The key players operating in the PTFE market include Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan) , Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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Polyolefin Powders Market Worth 8.48 Billion USD at a CAGR of 4.62%

 Polyolefin powders market was valued at USD 6.46 Billion in 2016 and is projected to reach USD 8.48 Billion by 2022, at a CAGR of 4.62% between 2017 and 2022. The report segments the polyolefin powders market on the basis of chemistry into polyethylene, polypropylene and EVA; on the basis of end-use industry into toys, tanks & containers, automotive & transportation, paints & coatings, cosmetics, batteries, building & construction, and others; on the basis of application into rotomolding, masterbatch, and others, and region into North America, Europe, APAC, the Middle East & Africa, and South America. Base year considered for the study is 2016, while the forecast period is between 2017 and 2022. The rise in demand for polyolefin powders in various end-use industries, such as toys, tanks & containers, automotive & transportation, and paints & coatings is driving the polyolefin powders market.

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♦ Major Key Players -

Polyolefin powders are manufactured by grinding raw polyolefin pellets under cryogenic conditions in the presence of grinding aids. Major players in the market are LyondellBasell (Netherlands), Ineos (Switzerland), Borealis (Austria), Mitsui Chemical (Japan), SABIC (Saudi Arabia), Exxon Mobil (US), and others.

On the Basis of Application:

• Rotomolding
• Masterbatch
• Others

On the Basis of End-use Industry:

• Toys, tanks & containers
• Automotive & transportation
• Paints & coatings
• Cosmetics
• Battery
• Building & construction
• Others

Polyethylene is the largest chemistry segment of the polyolefin powders market.

The polyolefin powders market has been segmented on the basis of chemistry into polyethylene (PE), polypropylene (PP), and EVA powders for use in various end-use industries and their applications. The polyethylene chemistry segment is projected to grow at the highest CAGR between 2017 and 2022, in terms of value, followed by the polypropylene and EVA segments. In 2017, the polyethylene segment accounted for the largest market share, in terms of volume and value, due to available forms of more density types and higher demand from rotomolding application to make oil, water, chemical, fuel, septic, outdoor storage tanks, vessels, marine fuel tanks, recreational automotive fuel tanks, large refuse containers, and wood plastic containers.

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Anti-Icing Coating Market worth 1,268.1 million USD by 2023 (Covid19 Impact)

 The report “Anti-Icing Coating Market by Substrate (Metals, Glass, Concrete & Ceramics), End-Use Industry (Automotive & Transportation, Renewable Energy, Communication Equipment, Construction and Others), and Region - Global Forecast to 2023”, The market size of anti-icing coatings is projected to grow from USD 423.4 million in 2018 to USD 1,268.1 million by 2023, at a CAGR of 24.5% from 2018 to 2023. It is driven by a wide range of end-use industries, namely, automotive & transportation, renewable energy, communication equipment, construction, and others. In addition, the increasing number of aircraft globally is also expected to drive the use of anti-icing coating in the automotive & transportation end-use industry.

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Key Target Audience:

• Anti-icing Coating Manufacturers
• Raw Material Suppliers
• Traders, Distributors, and Suppliers of Anti-icing Coating
• Regional Manufacturer Associations and General Anti-icing Coating Associations
• Government & Regional Agencies and Research Organizations
• Investment Research Firms

On the Basis of End-use Industry:

• Automotive & transportation
• Renewable Energy
• Communication Equipment
• Construction
• Others

♦ Major Key Players -

Anti-icing coatings are manufactured by using silica based nanocoatings. Major players in the market are PPG (US), DowDuPont (US), Fraunhofer (Germany), Battelle (US), CG2 Nanocoatings (Canada), Aerospace & Advanced Composites (Austria), Nanosonic (US), NEI Corporation (US), Cytonix (US), NeverWet (US), and others.

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Metal is the largest substrate segment of the anti-icing coating market.

The anti-icing coating market has been segmented on the basis of substrate into metals, glass, and concrete & ceramics. In 2018, the metal segment is estimated to have the largest market share, in terms of volume, due to the demand for anti-icing coatings for wings and turbines of aircraft. They are also applied on metal substrates of tire rims, doors, and locks of automobile and aircraft.

Rising demand from cold climatic regions is driving the anti-icing coating market.

Europe accounted for the largest share of the anti-icing coating market, in terms of both volume and value, in 2017. The anti-icing coating market in North America is projected to grow at the highest CAGR between 2018 and 2023, in terms of value, because of the increasing number of aircraft. The high demand in cold climatic regions is the major driver for the anti-icing coating market. Russia is estimated to be the leading country in the European anti-icing coating market in 2018, owing to the expected increase in demand for anti-icing coatings during the forecast period from automotive & transportation, renewable energy, construction, and communication equipment end-use industries. This market is expected to witness high growth in the future in other cold climatic countries such as the US, Canada, and Scandinavian countries.

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Reasons Why ETFE Market Is Getting More Popular In The Past Decade (518.4 Million USD by 2023)

 The report “ETFE Market by Type (Pellet/Granule, Powder), Technology (Extrusion, Injection), Application (Films & Sheets, Wires & Cables, Tubes, Coatings), and Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2023”, The ETFE market is projected to grow from USD 352.4 million in 2018 to USD 518.4 million by 2023, at a CAGR of 8.0% during the forecast period. The eco-friendly and recyclable properties of ethylene tetrafluoroethylene, increased demand for ethylene tetrafluoroethylene in various end-use industries, and better properties offered by ethylene tetrafluoroethylene than glass and other conventional fluoropolymers are driving the growth of the ETFE market across the globe. Ethylene tetrafluoroethylene is used in various applications such as films & sheets, wire & cables, tubes, coatings, and others due to its lightweight. Moreover, ethylene tetrafluoroethylene can be recycled into various other useable products. It is 100% recyclable and requires lesser fabrication than the traditional building materials, thereby reducing CO2 emissions.

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Browse 121 market data Tables and 48 Figures spread through 140 Pages and in-depth TOC on “ETFE Market by Type (Pellet/Granule, Powder), Technology (Extrusion, Injection), Application (Films & Sheets, Wires & Cables, Tubes, Coatings), and Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2023”

Based on technology, the injection segment of the ETFE market is projected to grow at the highest CAGR, in terms of both, volume and value during the forecast period.

Ethylene tetrafluoroethylene resins can be processed at a wide range of temperatures due to their improved thermal stability and low melting points using the conventional injection molding techniques. These resins are also resistant to ultraviolet rays, making them suitable for outdoor applications. Ethylene tetrafluoroethylene resins, which are available in the granular or powder forms, can be molded to tubes by the injection molding process, which is used in the automotive and medical industries.

Based on application, the wires & cables segment of the ETFE market is projected to grow at the highest CAGR from 2018 to 2023, in terms of both, volume and value.

Ethylene tetrafluoroethylene is used as an insulation material for wires & cables and cable jacketing. Ethylene tetrafluoroethylene-insulated wires & cables exhibit a high level of mechanical toughness, flexibility, and abrasion resistance. Ethylene tetrafluoroethylene insulations are commonly used in applications, which require high mechanical strength, improved chemical resistance, high-temperature endurance, and excellent electrical stability. These insulations are used for medical and scientific instruments, computers, motors, transformers, aircraft, appliances, process instrumentation, and marine systems.

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The Asia Pacific ETFE market is projected to grow at the highest CAGR during the forecast period, in terms of both, volume and value.

The growth of the Asia Pacific ETFE market can be attributed to the easy availability of cheap labor and economical and accessible raw materials, which have led to significant foreign investments in the region. This, in turn, has led to the growth of various end-use industries in the Asia Pacific region, thereby resulting in an increased demand for ethylene tetrafluoroethylene from the region. The growing economy of countries such as China, Indonesia, Taiwan, and India is also attracting increased foreign investments in these countries, thereby leading to the growth of the ETFE market in the region.

The key companies operating in the ETFE market include Asahi Glass Company (Japan), Daikin Industries (Japan), The Chemours Company (US), 3M (US), Quadrant (Switzerland), Guangzhou LiChang Fluoroplastics (China), Hubei Everflon Polymer (China), Ensinger (Germany), and Vector Foiltec (Germany).

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COVID-19 Is Creating A Revolution In PTFE Fabric Market (Worth 908.1 Million USD By 2023)

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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/