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"published by MarketsandMarkets™, the 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.
High demand for PTFE fabrics in the automotive industry, growing demand for PTFE coated fabrics 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.
The PTFE coated fabric type segment is estimated to account for the largest share of the PTFE Fabric Market in 2018.
On the basis of type, the PTFE coated fabric segment is estimated to account for the largest share of the PTFE Fabric Market in 2018. There is a high demand for PTFE coated fabrics from the food and construction end-use industries. These coated fabrics are widely used in the construction industry owing to their durability and longer shelf life. Being FDA approved, they are also in high demand in the food industry, mainly for use in food processing and food packaging.
The food end-use industry segment is estimated to account for the largest share of the PTFE Fabric Market in 2018.
Based on end-use industry, the food segment is estimated to account for the largest share of the PTFE Fabric Market in 2018. PTFE fabrics are FDA-approved and are widely used in the food industry in food processing and food packaging.
The Asia Pacific region is estimated to be the largest market for PTFE fabric in 2018.
By region, Asia Pacific is estimated to account for the largest share of the PTFE Fabric Market in 2018. The region is home to leading PTFE fabric manufacturers, such as Chukoh Chemical Industries (Japan) and Daikin Industries (Japan). Increased investments in the food processing industry are expected to fuel the growth of the PTFE Fabric Market in the Asia Pacific region between 2018 and 2023.
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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