NEW YORK, Sept. 26, 2016 /PRNewswire/ -- "The global polytetrafluoroethylene (PTFE) fabric market is projected to grow at a CAGR of 5.6% during the forecast period"
The global PTFE fabric market is projected to reach USD 279.0 million by 2021, at a CAGR of 5.6% between 2016 and 2021. High demand for PTFE fabric from the construction industry is propelling the growth of this market.
"Among end-user industries, the construction industry segment is estimated to lead the global PTFE fabric market"
Among end-user industries, the construction industry is projected to lead the PTFE fabric market during the forecast period. PTFE is used in the construction industry for construction of roofs or sheets, and as an additive in paints. The construction industry is expected to be the fastest growing segment due to increase in construction spending in India, China, and the Middle East. Regulations supporting and promoting infrastructure development are also expected to drive the industry in the coming years.
"Based on type, the glass fiber fabric segment is estimated to grow at the highest rate during the forecast period"
Based on type, the glass fiber fabric segment is projected to grow at the highest rate during the forecast period. PTFE glass fiber fabric consists of a woven fiberglass coated with a PTFE resin. The fabric is used in a wide range of applications and is available in various grades to meet the desired requirements of end users.
"Asia-Pacific led the global PTFE fabric market in 2015"
The Asia-Pacific region accounted for the largest share of the global PTFE fabric market in 2015. This growth can be attributed to the growing demand for PTFE fabric from various industries, such as construction, packaging, food, chemical, textile, among others.
Profile break-up of primary participants for the report:
- By Company Type - Tier 1 – 45 %, Tier 2 – 30%, Tier 3 – 25%
- By Designation – C level – 65%, Manager level – 25%, Others – 10%
- By Region – North America - 30%, Europe – 30%, Asia-Pacific – 30%, RoW – 10%
Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as FIBERFLON (Turkey), Saint-Gobain Performance Plastics Corporation (France), Birdair Inc. (U.S.), Fothergill Group (U.K.), Urja Fabrics (India), and W.L. Gore & Associates (U.S.), among others.
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