PTFE Fabric Market by Type (PTFE Coated Fabric, Nonwoven Fabric, PTFE Fiber- Made Fabric), End-Use Industry (Food, Construction, Filtration, Medical), and Region (North America, Europe, APAC, South America, and MEA) - Global Forecast to 2027
The global PTFE fabric market size is projected to grow from USD 0.9 billion in 2022 to USD 1.1 billion by 2027, at a CAGR of 5.7% between 2022 and 2027. Increasing demand for PTFE fabric from emerging markets and rising demand for PTFE fabric are driving the market.
Attractive Opportunities in the PTFE Fabric Market
Note: e-estimated p-projected.
Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis
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PTFE fabric Market Dynamics
Driver: Growing demand for PTFE-coated fabrics as architectural fabrics
The use of PTFE -coated fabric in architectural applications is growing. It is witnessing good growth in the North American and European construction markets. Birdair, a leading specialty contractor for tensile architecture, provided PTFE -coated fabric for various stadiums in Qatar, which are used in the FIFA World Cup 2022
Restraint: Environmental impact of PTFE fabric manufacturing
The production of PTFE produces toxic byproducts like hydrofluoric acid and carbon dioxide. When released into the environment, hydrofluoric acid causes serious tissue damage when it comes into contact with human or animal skin. The carbon dioxide released into the environment is a greenhouse gas. Improper ventilation of production facilities can cause harm to workers due to the release of these toxic chemicals. Exposure to hydrofluoric acid and carbon dioxide to the workers due to the production of PTFE can cause polymer fume fever.
Opportunity: Increasing investments in the food processing industry in emerging countries
The food processing industry is amongst the largest users of PTFE coated fabrics in the form of conveyor belts. These belts are made of glass fibers and coated with PTFE to provide reliable performance under extreme heat, oil, and moisture permeation. These belts are used for various applications, such as vacuum drying, contact grilling, food packaging, and baking in the food processing industry.
The food processing industry is witnessing tremendous growth in emerging countries, such as India. The Indian government has implemented favorable policies to create a conducive investment eco-system. The government is also taking efforts to set up the required infrastructure, and provide skilled and unskilled workforce at competitive prices. According to Invest India, the food processing output in India is expected to be USD 535 billion by 2025-26. This creates a huge opportunity for the food processing industry in India.
Challenge: Volatility in raw material prices
Price and availability of raw materials are key factors for determining the cost structures of their products for PTFE fabric manufacturers. Recently, oil prices witnessed highly volatile fluctuations on either side. Prices of different resins are at an all-time high. In North America, according to Plastics Today, there is a strong demand for the export of resins from the US, but freight constraints limit sales. Therefore, Mexico is the most viable option for exports. This also leads to fluctuations in pricing. In 2019, Rubber News stated that the prices of synthetic rubber and petrochemical feedstocks are expected to remain volatile. PTFE fabric uses PTFE resin to achieve its superior performance properties. PTFE is made from the polymerization of R22 gas, unlike other polymers which result as a by-product of oil refining. PTFE is a niche industry, and hence there are very few suppliers of PTFE resins globally. Thus, the price volatility of raw materials poses a challenge to the growth of the PTFE fabric market.
PTFE Fabric Market: ECOSYSTEM
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COMPANY |
ROLE IN ECOSYSTEM |
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The Chemours Company |
Raw Material and Product Manufacture |
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Daikin Industries |
Raw Material and Product Manufacture |
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3M |
Raw Material |
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Arkema |
Raw Material |
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Taconic |
Product Manufacture |
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Fiberflon |
Product Manufacture |
|
Saint Gobain Performance Plastics |
Product Manufacture |
|
Lenmar Inc. |
Distributor |
Source: Company Websites and MarketsandMarkets Analysis
In terms of value, the construction segment is projected to account for the second largest share of the PTFE fabric market, by application, during the forecast period.
The construction segment accounted for a share of 23.2% in terms of value, of the overall PTFE market in 2021. It is an ideal fabric for tensile membrane structure. Compared to conventional building materials, the PTFE fabric has a longer shelf life, thus offering a longer lifespan with minimal support for the structures. Owing to its durability, it is the most recommended material for permanent projects with an expected service life of over 25 years. PTFE fabric is extremely durable and weather, fire, and UV resistant. PTFE fabric is a low-maintenance option, that provides exceptional quality, strength, and a long lifespan. The self-cleaning properties of the material allow it to resist moisture and remain clean and bright after installation. It can evenly disperse light, limiting the need for artificial lighting during the daytime, and providing an environment in which indoor plants and flora can survive.
PTFE coated fabric segment is projected to account for one of the fastest growth of the PTFE fabric market, by type, during the forecast period.
Based on type, the PTFE coated fabric dominated the market. Two advanced materials are combined to create PTFE fabric, which shows excellent properties in the applications they are used in. PTFE fabric is the highest quality architectural membrane for tensile structures. The properties of PTFE fabric are non-stick surface, excellent temperature resistance, chemically inert, high tensile strength, low coefficient of friction, non-toxic and UV, IR & microwave resistance, among other properties.
PTFE coated fabric is widely used for making conveyor belts in the food processing industry. This fabric is also used in the construction industry for roofing applications such as facades. Recently, Birdair provided PTFE coated fabrics to Qatar to be used in stadiums for FIFA World Cup 2022. Additionally, it is used to make PTFE adhesive tapes.
APAC is expected to be the fastest-growing market during the forecast period.
Based on region, Asia Pacific is a key market to produce PTFE fabric and is projected to grow at a CAGR of 6.4% in terms of value during the forecasted period. The availability of low-cost raw materials and labor, coupled with increasing demand from various end-use industries, such as food processing, chemical processing, printing, pharmaceutical, and construction, makes the region an attractive investment destination for PTFE fabric manufacturers. The rising population, urbanization, and industrialization are some of the factors that will drive the market in this region.
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Key Market Players
Major players operating in the global PTFE fabric market include Taconic (US), Saint Gobain Performance Plastics (France), Fiberflon(Turkey), W.L. Gore Associates(US), Daikin Industries (Japan), The Chemours Company (US), Chukoh Chemical Industries(Japan), Birdair (US), Sefar (Switzerland), and W. F. Lake Corporation (US)
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Scope of the Report
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|
Report Metric |
Details |
|
Years considered for the study |
2020–2027 |
|
Base year |
2021 |
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Forecast period |
2022–2027 |
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Units considered |
Value (USD Million/Billion), Volume (Ton) |
|
Segments |
Type, End-Use Industry, and Region |
|
Regions |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Companies |
Taconic (US), Saint Gobain Performance Plastics (France), Fiberflon(Turkey), W.L. Gore Associates(US), Daikin Industries (Japan), The Chemours Company (US), Chukoh Chemical Industries(Japan), Birdair (US), Sefar (Switzerland), W. F. Lake Corporation (US). |
This research report categorizes the PTFE fabric market based on type, application, and region.
Based on Type:
- PTFE Coated Fabric
- Nonwoven Fabric
- PTFE Fibre -Made Fabric
Based on Application:
- Food
- Construction
- Filtration
- Medical
- Others
Based on Region:
- Asia Pacific
- Europe
- North America
- South America
- Middle East & Africa
Recent Developments
- In Aug 2021, W.L. Gore collaborated with LifeBooster, which works in the field of worker risk analytics. The companies will work together to form a multi-year plan for launching new smart safety apparel for physically demanding jobs. W.L. Gore’s protective wear technologies will benefit from this collaboration.
- In March 2020, The Chemours Company inaugurated The Chemours Discovery Hub in the University of Delaware’s Science, Technology and Advanced Research Campus. The research facility will help the Chemours Company in developing new applications for its products.
Frequently Asked Questions (FAQ):
What are the factors influencing the growth of the PTFE fabric market?
The growth of this market can be attributed to the increasing consumption of composite fabrics for industrial applications and high demand in the automotive industry.
Which are the key applications driving the PTFE fabric market?
Applications such as food, construction, filtration, medical, protective clothing, and transportation are driving the demand for PTFE fabric market.
Who are the major manufacturers?
Major manufacturers include Taconic (US), Saint Gobain Performance Plastics (France), Fiberflon(Turkey), W.L. Gore Associates(US), Daikin Industries (Japan), The Chemours Company (US), Chukoh Chemical Industries(Japan), Birdair (US), Sefar (Switzerland), and W. F. Lake Corporation (US),among others.
What is the biggest restraint for PTFE fabric?
The biggest restraint can be high cost of PTFE coated fabrics as compared to PVC coated fabrics.
How is COVID-19 affecting the overall PTFE fabric?
The PTFE fabric market saw a disruption in the supply chain for supply of raw materials.
What will be the growth prospects of the PTFE fabric?
High demand for PTFE fabrics in the automotive industry and increasing consumption of composite fabrics for industrial application are driving the market. .
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The study involved four major activities in estimating the current size of the PTFE fabric market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.
Secondary Research
This research report involves extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, BP statistics, and World Bank, to identify and collect information useful for the technical, market-oriented, and commercial study of the PTFE fabric market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, and certified publications.
Primary Research
The PTFE fabric market comprises several stakeholders, such as raw material suppliers, manufacturers, distributors, buyers, and regulatory organizations. The demand side included end-use industry experts, research graduates, and sales/purchase managers of the PTFE fabric market and their applications. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
Notes: Companies are classified based on their revenue–Tier 1 = > USD 1 billion, Tier 2 = USD 500 million– USD 1 billion, and Tier 3 = < USD 500 million.
Other designations include sales representatives, production heads, and technicians.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down approach was used to estimate and validate the size of the various submarkets for PTFE fabric for each region. The research methodology used to estimate the market size included the following steps:
- Global PTFE fabric market was identified, and the share for PTFE fabric was determined through primary and secondary research.
- The global market was then segmented into five major regions and validated through industry experts.
- All percentage shares, splits, and breakdowns based on type, application, and country were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added with detailed inputs and analysis and presented in this report.
Data Triangulation
After arriving at the overall market size—using the estimation processes explained above— PTFE fabric market was split into several segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment. The data was triangulated by studying several factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the size of the PTFE fabric market in terms of value and volume
- To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing market growth
- To estimate and forecast the market size based on type, application, and region
- To forecast the size of the market in the major regions, namely, Europe, North America, Asia Pacific (APAC), Middle East & Africa, and South America along with their key countries
- To strategically analyse micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyse opportunities in the market for stakeholders and provide a competitive landscape of market leaders
- To identify the impact of the COVID-19 pandemic on the market
- To track and analyse recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the PTFE fabric market report:
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company
Regional Analysis
- A further breakdown of the PTFE fabric market, by segments
Company Information
- Detailed analysis and profiling of additional market players (up to ten)
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Growth opportunities and latent adjacency in PTFE Fabric Market
General information on PTFE Fabric Market
Specific information on PTFE fabrics and its applications. Also would like to understand african markets