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PTFE Fabric Market : Segment Analysis, Trends, Opportunities, Competitive Intensity, and Forecasts 2019-2025
Report Code : IE03925
Published: March 2020
PTFE (Poly-tetra-fluoro-ethylene) Fabric market was valued at $195.4 million in 2015 and is projected to reach $295.4 million by 2022. In this updated report, we are raising our forecasts for PTFE Fabrics market, from 5.4% to 6.1% CAGR between 2016 and 2022. The correction is made due to the growing demand for PTFE Fabrics in construction industry in Asia Pacific and European regions. Discovered in 1938 by Roy Plunkett PTFE materials are preferred in markets over other materials. PTFE’s unique properties such as friction-free, self-lubricating, non-stick, non-brittle, non-toxic, and non-flammable makes it ideal in applications where materials must be resistant to atmospheric conditions, fungus growth, and chemicals.
The report qualitatively and quantitatively analyzes revenue drivers, restraining factors, and opportunities present for active companies. Growing demand for PTFE Fabrics from construction industry is driving the market from last two years. The market is being benefitted from the entry of advanced and innovative material forms of PTFE Fabrics and rising demand from developing regions such as Asia Pacific and Latin Americas.
We analyze the market attractiveness with help of Porter’s five forces model. This model is based on the qualitative and quantitative inputs from primary respondents and secondary data sources such as annual reports, press releases, company websites, and Industry Essence’s paid databases. This model analyzes most influential factors for the market and assists companies in taking key decisions such as exploration of investments avenues, expansion plans, production enhancement, market strategy building, pricing and product positioning, revenue enhancement, and deciding backward/forward integration steps.
PTFE Fabric market is segmented on the basis of material types, glass mesh fabric and glass fiber fabric. Among these two types, the glass mesh fabric accounted for the largest market in 2015. It was valued at $xx.x million in 2015 and is projected to grow at a highest CAGR of xx% between 2016 and 2022. This material is used in many construction applications such as in reinforcing walls, natural marble, plaster board, and exterior insulation finishing systems among others. This solution is cost effective in construction industry; it has high elasticity and rigidity, small elongation, tensile strength, great shock-chemical-heat resistance, water absorbance, and scale stability.
Across the globe PTFE Fabrics is used in multiple industries such as in construction, packaging, chemicals, textile, and others (aerospace, electronics, and oil & gas industries). Out of these applications, construction application held the largest market share in 2015 and it is further projected to grow at a highest rate of xx% between 2016 and 2022. Demand for PTFE Fabric from construction industry is one off the major driving factors for this market. These days, apart from PTFE Fabric’s use in industrial products such as pipe fittings, tubes, rods, and line fittings, it is also used in additive paints and in roof construction.
The report segments the market on the basis of different regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2015, Asia Pacific accounted for the largest market followed by Europe. The demand in Asia Pacific is majorly attributed to China, India, Indonesia, and Japan. Many major manufacturers are therefore are interested in expanding their business in the region by product innovation and new product launching strategy.
Value chain of PTFE Fabric market includes many stakeholders: raw material suppliers, material manufacturers, processors, and end users.This market is very competitive and volatile in nature, majorly due to the presence of many Tier I and Tier II companies competing on the basis of price and product positioning. Many chemical and material companies are getting attracted to the market due to positive business outlook in developing regions such as Asia Pacific, Middle East, Africa, and Latin Americas. Fiberflon (Turkey), Birdair Inc. (U.S.), Urja Products Pvt. Ltd., (India), Saint-Gobain Performance Plastics Corporation (France), The Fothergill Group of Companies (U.K.), and W.L. Gore & Associates (U.S.) are major companies present in the market.
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