The Global Market for PTFE Fabric 2018-2023: A $908 Million Opportunity by 2023
DUBLIN, Aug. 7, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
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.
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 high cost of PTFE coated fabrics in comparison to PVC coated fabrics is the key factor restricting the growth of the market.
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. They are also used as a component in the apparel, healthcare, and industrial applications, thus keeping the demand for this segment high.
By end-use industry, the food segment is expected to lead the PTFE fabric market from 2018 to 2023. This segment is also projected to grow at the highest CAGR during the forecast period. Anti-friction and non-flammability are the key advantages of PTFE fabric, and with PTFE being an FDA-approved, there is a growing demand for this fabric in the food segment.
The Asia Pacific region is the largest and the fastest-growing market for PTFE fabric across the globe. The Asia Pacific PTFE fabric market is majorly driven by the growing demand from end-use industries, such as food, construction, and filtration. The growth of these end-use industries is largely driven by the region's growing population, increasing per capita income, and changing lifestyle. Rising demand across the globe has led to capacity expansions by the manufacturers of PTFE fabric.
Leading players have adopted various strategies, such as expansion, acquisition, new product launch, contract, and consolidation to increase their market presence and to meet the growing demand for PTFE fabrics.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
1.6 Limitations
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the PTFE Fabric Market
4.2 PTFE Fabric Market, By Type
4.3 PTFE Fabric Market, By End-Use Industry
4.4 PTFE Fabric Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Demand for PTFE Fabrics in the Automotive Industry
5.2.1.2 Growing Demand for PTFE Coated Fabrics in the Construction Industry
5.2.1.3 Increasing Consumption of Composite Fabrics for Industrial Application
5.2.2 Restraints
5.2.2.1 High Cost of PTFE Coated Fabrics as Compared to Pvc Coated Fabrics
5.2.3 Opportunities
5.2.3.1 Increasing Investments in the Food Processing Industry in Emerging Countries
5.2.4 Challenges
5.2.4.1 Price Volatility of Raw Materials
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Economic Indicators
5.4.1 Industry Outlook
5.4.1.1 Food
5.4.1.2 Construction
6 PTFE Fabric Market, By Type
6.1 Introduction
6.2 PTFE Coated Fabric
6.3 Nonwoven Fabric
6.4 PTFE Fiber-Made Fabric
7 PTFE Fabric Market, By End-Use Industry
7.1 Introduction
7.2 Food
7.3 Construction
7.4 Filtration
7.5 Others
7.5.1 Medical
7.5.2 Protective Clothing
7.5.3 Transportation
8 PTFE Fabric Market, By Region
8.1 Introduction
8.2 Asia Pacific
8.2.1 China
8.2.2 India
8.2.3 Japan
8.2.4 South Korea
8.2.5 Taiwan
8.2.6 Australia
8.2.7 Rest of Asia Pacific
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 Italy
8.3.4 UK
8.3.5 Spain
8.3.6 Rest of Europe
8.4 North America
8.4.1 US
8.4.2 Canada
8.4.3 Mexico
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 UAE
8.5.3 South Africa
8.5.4 Qatar
8.5.5 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking of Key Players
9.3 Competitive Scenario
9.3.1 Expansions
9.3.2 Acquisitions
9.3.3 Contracts
9.3.4 New Product Developments
9.3.5 Consolidation
10 Company Profiles
10.1 Taconic
10.2 Fiberflon
10.3 Saint-Gobain Performance Plastics
10.4 W. L. Gore & Associates Inc.
10.5 Chukoh Chemical Industries
10.6 Daikin Industries
10.7 Sefar
10.8 Fothergill Group
10.9 Birdair
10.10 W.F. Lake Corp.
10.11 Other Key Players
10.11.1 The Chemours Company
10.11.2 Aetna Plastics
10.11.3 Siftex
10.11.4 Ceno Tec
10.11.5 Textiles Coated International
10.11.6 Zhejiang Kertice Hi-Tech Fluor-Material Co. Ltd.
10.11.7 EDER
10.11.8 Toss GmbH & Co. KG
10.11.9 Techbelt
10.11.10 Asahi Glass Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/kwl2nv/the_global_market?w=5
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