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Jul 14, 2023

News provided by Share this article Share this article The global PTFE fabric market is expected to witness significant growth, with a projected value of USD 1.1 billion by 2027, reflecting a CAGR of 5.7% during the forecast period. The market, valued at USD 0.9 billion in 2022, is driven by the increasing demand for PTFE fabric in emerging markets and the growing industrialization across various sectors. The food segment dominates the PTFE fabric market, accounting for the largest share in terms of value. PTFE fabric plays a critical role in the food industry, particularly as a preferred material for food-grade non-stick coatings. Its anti-friction, non-flammable, hydrophobic, and non-toxic properties make it highly suitable for non-stick cookware and other food-related applications. Among different types of PTFE fabric, PTFE coated fabric is experiencing the fastest growth. This type of fabric is widely used in architectural membranes for tensile structures, such as roofing applications in the construction industry. It is also extensively employed in the food processing industry to manufacture conveyor belts and adhesive tapes. North America emerges as the second-largest market for PTFE fabric, with the United States, Canada, and Mexico being the major contributors. The region benefits from a strong industrial base in developed economies and is home to key players such as Taconic, W.L. Gore Associates, The Chemours Company, and Birdair. Market Dynamics: Growing Demand for PTFE-Coated Woven Fabric as Architectural Fabric Increasing Consumption of Composite Fabric for Industrial Applications Restraints: Environmental Impact of PTFE Fabric Manufacturing Opportunities: Growing Opportunities from the Medical Industry Challenges: Non-Biodegradability of PTFE Fabric China Led PTFE Fabric Market in Asia-Pacific PTFE Coated Fabric Segment to Dominate the Overall Market Food Segment to Lead the Market During the Forecast Period India to be the Fastest-Growing Market During the Forecast Period Key players in the PTFE fabric market include: Aetna Plastics Saint-Gobain Performance Plastics Zhejiang Kertice Hi-Tech Fluor-Material Co., Ltd. The global PTFE fabric market is poised for remarkable growth, fueled by increasing investments in the food processing industry, rising demand from the medical sector, and expanding opportunities in emerging countries. However, challenges related to the high cost of PTFE coated fabric compared to PVC coated fabric, environmental impact, raw material price volatility, and non-biodegradability of PTFE fabric need to be addressed. For more information about this report visit https://www.researchandmarkets.com/r/orblft About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Media Contact: For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Also from this source Enter Your Email By signing up you agree to receive content from us. Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. 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