Sept 24th,2021/IndustryNewsGlobal/ — The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the PTFE Fabric Market.
PTFE Fabric Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
PTFE fabric market is likely to witness an impressive CAGR of 5.8% during the forecast period. The prime factor contributing to the demand for PTFE fabrics is mainly the increasing usage of composite fabrics in various industrial applications, such as automotive and construction.
PTFE Fabric Market Share: By Fabric Type
Based on the fabric type, the market is segmented as PTFE coated fabric, nonwoven fabric, and PTFE fiber-made fabric. The nonwoven fabric segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The wide use of nonwoven fabric in the healthcare, industrial applications, and apparel is driving the growth of this segment.
PTFE Fabric Market Share: By End-Use Industry Type
Based on the end-use industry type, the PTFE fabric market is segmented as food, construction, filtration, and others. The food industry segment dominates the market, as PTFE is a material approved by Food and Drug Administration. Further, its non-flammability and anti-friction properties are propelling the growth during the forecast period.
PTFE Fabric Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing PTFE fabric market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as food, construction, filtration, and others, which is generating huge demand for PTFE fabrics and the presence of a large number of PTFE fabric manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The PTFE Fabric Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact: Stratview Research