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
LONDON, August 2, 2018 /PRNewswire/ -- In terms of value, the PTFE fabric market is projected to grow at a CAGR of 5.6% from 2018 to 2023
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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 demand in the construction industry, and increasing consumption of composite fabrics for industrial applications are some of the key factors driving the growth of the market. The high cost of PTFE coated fabrics in comparison to PVC coated fabrics restrains the market growth.
Among types, the nonwoven fabric segment is projected to grow at the highest CAGR between 2018 and 2023
PTFE-based nonwoven fabrics are extensively used in composites manufacturing. These nonwoven fabrics are also used as a component in the apparel, healthcare, and industrial applications, thus keeping their demand in this segment high.
The Asia Pacific PTFE fabric market is projected to grow at the highest CAGR from 2018 to 2023
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).
China has several domestic PTFE fabric manufacturers and is amongst the leading exporters of PTFE fabrics in this region. Asia Pacific is also witnessing huge investments in the food processing industry which are expected to further boost the demand for PTFE fabrics in this region.
The break-up of profiles of primary participants for the report has been given below:
• By Company Type: Tier 1—25%, Tier 2—35%, and Tier 3—40%
• By Designation: C Level—25%, D Level—25%, and Others—50%
• By Region: Asia Pacific—40%, Europe—25%, North America—22%, Middle East & Africa—8%, and South America—5%
As a part of the qualitative analysis, this research study provides a comprehensive overview of the drivers, restraints, opportunities, and challenges in the PTFE fabric market.It also discusses competitive strategies adopted by the leading market players, such as 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).
Research Coverage
This report defines, segments, and projects the PTFE fabric market based on type, end-use industry, and region.It strategically profiles key players and comprehensively analyzes the ranking of the leading market players.
It also tracks and analyzes competitive developments, such as expansions, acquisitions, new product developments, contracts, and consolidation in the PTFE fabric market.
Reasons to Buy the Report
This report will help market leaders/new entrants by providing them the closest approximations of revenues of the PTFE fabric market and its subsegments.This report will also help stakeholders obtain an improved understanding of the competitive landscape, gain insights to enhance the position of their businesses, and enable them to make suitable go-to-market strategies.
Additionally, the report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
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