January 16, 2020 12:00 ET | Source: Fior Markets Fior Markets
New Jersey, NJ, Jan. 16, 2020 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the global polytetrafluoroethylene (PTFE) fabrics market is expected to grow from USD 682.41 Million in 2018 to USD 1,058.37 Million by 2026, at a CAGR of 5.64% during the forecast period 2019-2026. The superior qualities of PTFE fabrics and increase in expenditure on development of commercial spaces are expected to drive the global polytetrafluoroethylene (PTFE) fabrics market over the forecast period.
Market Outlook of the Polytetrafluoroethylene (PTFE) Fabrics
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Type Segment Analysis of the Polytetrafluoroethylene (PTFE) Fabrics Market
The nonwoven fabric segment emerged as the leader in the global polytetrafluoroethylene (PTFE) fabrics market with a revenue of USD 329.54 million in 2018. Factors such as widespread utilization of PTFE nonwoven fabrics as a component in the apparel, healthcare, and industrial applications as well as in the composites manufacturing sector led the nonwoven fabric segment to dominate the PTFE fabrics market in 2018.
End User Industry Segment Analysis of the Polytetrafluoroethylene (PTFE) Fabrics Market
The Teflon (polytetrafluoroethylene) is a FDA approved material, the PTFE fabric has a huge a potential value in the food & beverages industry for protecting and preserving the processed food. Therefore the food & beverages segment is expected to grow at the highest CAGR of 7.81% over the forecast period.
Region Segment Analysis of the Polytetrafluoroethylene (PTFE) Fabrics Market
The rapid growth of end user industries such as automotive, food & beverages, construction is generating a huge demand for the polytetrafluoroethylene (PTFE) fabrics within the Asia Pacific region. Consequently, the Asia Pacific region emerged as the leader in the global polytetrafluoroethylene (PTFE) fabrics market with a revenue of 270.99 million in 2018. On the other hand, the North America region is expected to grow at a modest pace owing to steady demand form the ell-developed automotive and construction sector.
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Competitive landscape and key vendors
The global Polytetrafluoroethylene (PTFE) fabrics market is analysed on the basis of value (USD Million) volume (Tons), consumption (Tons), imports (Tons) and exports (Tons). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
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