PTFE Fabric Market worth 279.0 M USD by 2021

Monday 26 September 2016, Amsterdam

The report, now available on ASDReports, "PTFE Fabric Market by Type (Glass Fiber Fabric, and Glass Mesh Fabric), End-Use Industry (Construction, Packaging, Chemical, Textile), and Region (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America) - Global Forecast to 2021", The global PTFE (Polytetrafluoroethylene) fabric market is projected to reach USD 279.0 Million by 2021, at a CAGR of 5.6% from 2016 to 2021. High demand for PTFE fabric from the construction industry is expected to drive the growth of the market in the near future.

Construction industry was the fastest end-use industry of the global PTFE fabric market

The construction industry contributed the largest share to the PTFE fabric market in 2015, and is projected to be the fastest-growing application segment from 2016 to 2021. This growth can be attributed to the high consumption of PTFE in the form of industrial goods, such as pipe & line fittings, tubes, rods, among others. The PTFE fabric is also consumed in this industry for the construction of roofs or sheets, and as an additive in paints. It is widely used by architects due to its ability to withstand harsh weather and environment conditions.

Glass mesh fabric was the largest type of the PTFE fabric market

Based on type, the global PTFE fabric market has been segmented into glass fiber and glass mesh fabric. Glass mesh fabric was the largest segment of the market in 2015. The high demand for glass mesh fabric can be attributed to its excellent properties including water-resistance, alkali-resistance, flexibility, softness and resistance to aging. It is widely used in reinforcing walls, natural marble, plaster board, artificial stone materials and exterior insulation finishing systems.

Asia-Pacific was the largest market for global PTFE fabric market in 2015

The global PTFE fabric market is witnessing growth on account of the growing end-user applications, technological advancements, and growing demand in the Asia-Pacific region. PTFE is largely used in industries, such as construction, chemical, food, packaging, and textile among others. Players in this market adopt strategies, such as new product launches and technological innovations to address the demand generated by the end-use industries.

Key players operational in the PTFE fabric market include FIBERFLON (Turkey), DAIKIN INDUSTRIES (Japan), Birdair, Inc. (U.S.), and Fothergill Group (U.K.), among others