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Key Players Operational in the Global PTFE Fabric Market is Focusing on New Product Launches, New Technology Launches
The global PTFE (Polytetrafluoroethylene) fabric market was valued at USD 201.5 million in 2015 and is projected to reach USD 279.0 Million by 2021, at a CAGR of 5.6% from 2016 to 2021. This growth can be attributed to the increasing demand from the construction, packaging, textile and other industries.
PTFE possesses an exceptional combination of many useful properties, such as a high inertness to chemicals, resistance to solvents, the lowest co-efficient of friction, a low dielectric constant and dissipation factor, excellent insulation properties, and a wide operating temperature. These unique properties make it useful for various applications.
The global PTFE fabric market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end-users, and government organizations. Some of the leading companies operating in the global PTFE fabric market include FIBERFLON. (Turkey), Saint-Gobain Performance Plastics Corporation (France), Birdair Inc. (U.S.), The Fothergill Group of Companies (U.K.), Urja Products Pvt. Ltd., (India), and W.L. Gore & Associates (U.S.) among others.
Key players operational in the global PTFE fabric market are focusing on new product launches, new technology launches, new contracts, and expansions to cater to the increasing demand across various industry verticals. Birdair Inc. (U.S.) and The Chemours Company (U.S.) reported the largest number of developments in the global PTFE fabric market between 2010 and 2016.
Founded in 1956, Birdair is one of the leading providers of custom-made tensile membrane structures all over the world. Architects, engineers, contractors, owners and developers have trusted Birdair for more than fifty years for services, which include pre-construction support until field installation of tensile architecture. Design assistance, budgeting, construction methodology, and project schedule development are the major services provided by Birdair.
The Chemours Company is a spin-off of E. I. du Pont de Nemours and Company. Founded in July 2015, the company operates the performance chemicals business of DuPont. It is a leading provider of fluoroproducts and titanium technologies. Its fluoroproducts include brands, such as Opteon refrigerants, Viton fluoroelastomers, Teflon fluoropolymers, and Krytox lubricants.
The chemical solutions segment of the company offers sodium cyanide, sulfuric acid, and other products. Its major research, testing, and manufacturing facilities are located in Meyrin(Switzerland), Shanghai (China), Tennessee (U.S.), Tamaulipas (Mexico), Delaware (U.S.), Dordrecht, (The Netherlands), Changshu (China), and Suffolk (U.K.).
PTFE Fabric Market by Type (Glass Fiber Fabric, and Glass Mesh Fabric), End-Use Industry (Construction, Packaging, Chemical, Textile), and Region (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America) - Global Forecast to 2021
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