Boosting the Growth of PTFE Fabric Market| MarketsandMarkets™

Posted by Jack Martin on March 17th, 2023

PTFE fabric is a polytetrafluoroethylene fabric (PTFE). It is a tough, long-lasting, non-reactive material that resists corrosion and high temperatures. Because of its remarkable properties, it is widely used in a wide range of industries and applications. It's widely used in the chemical, automotive, aerospace, medical, and electrical industries, among others. It's also used in the production of protective clothing, electrical insulation, and heat shields. Because of its versatile properties and ability to withstand extreme temperatures and corrosive environments, PTFE fabric is in high demand. It's also being used more and more in the production of consumer goods like cookware, medical equipment, and clothing. Furthermore, its use in the aerospace and automotive industries is expected to drive the PTFE market.

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. High demand in the automotive industry, increasing consumption of composite fabrics for industrial applications, and rising use in the architectural part of construction projects are driving the market for PTFE fabric. 

The increase in demand for PTFE fabric due to the growing industrial development in emerging economies, such as APAC region, is driving the market. The key players in this market are 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). These players have adopted various strategies such as mergers & acquisitions, new product launches and investment & expansion to strengthen their market position. For instance, in August 2021, W.L. Gore collaborated with LifeBooster, which works in the field of worker risk analytics technology. 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. 

Taconic is a major manufacturer and marketer of PTFE fabric. The company has segmented its operation into two divisions: Architectural Fabrics Division and Advanced Dielectric Division. Taconic offers PTFE coated fiberglass fabrics under its Architectural Fabrics Division. The company provides various products like PTFE glass fabrics, Self-Adhesive PTFE fabrics, PTFE adhesive tapes, masking tapes, Silicone coated glass fabrics, and conveyor belting. The fabrics are lightweight, convenient, fireproof and an alternative to traditional architectural materials. The company offers its products for various applications like automotive, baking sheets, battery fuel cells, aerospace, dryer belts, filtration, food process belting, packaging and photovoltaic, among other applications. Taconic has manufacturing and sales offices located in Ireland, the UK, France, Germany, Poland, and the US.