PTFE Fabric Market to Cross US$ 1.1 billion by 2027, States MarketsandMarkets™

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.

Saint Gobain Performance Plastics is one of the top producers of engineered and high-performance polymer products. The company is a subsidiary of Saint Gobain. The Performance Plastics division was formed after the acquisition of Norton Company in 1990, by Saint Gobain. Saint Gobain Performance Plastics operates through eight businesses: bearings, fabrics, films, tape solutions, life sciences, process systems, seals, and aerospace. It provides PTFE fabrics through its fabrics business. The company offers its products to industries like automotive, aerospace, consumer, electronic, energy, food & beverage, habitat, industrial, life sciences and safety & protection.
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