Concord News Now

PTFE Fabric Market’s Opportunities and Challenges

 Breaking News
  • No posts were found

PTFE Fabric Market’s Opportunities and Challenges

October 25
18:06 2019
PTFE Fabric Market’s Opportunities and Challenges

Browse 153 market data Tables and 32 Figures spread through 142 Pages and in-depth TOC on “PTFE Fabric Market”
PTFE Fabric Market by Type (PTFE Coated Fabric, Nonwoven Fabric, and PTFE Fiber-Made Fabric), End-Use Industry (Food, Construction, Filtration), and Region (Asia Pacific, North America, Europe, South America)

PTFE Fabric Market was valued at USD 654.7 million in 2017 and is projected to reach USD 908.1 million by 2023, at a CAGR of 5.6% from 2018 to 2023.

Downloads PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=218729052

Browse 153 market data Tables and 32 Figures spread through 142 Pages and in-depth TOC on “PTFE Fabric Market”

Increasing investments in the food processing industry
in emerging countries

The food processing industry is amongst the largest users of PTFE coated fabrics in the form of conveyor belts. These belts are made of glass fibers and coated with PTFE to provide reliable performance under extreme heat, oil, and moisture permeation. These belts are used for various applications, such as vacuum drying, contact grilling, food packaging, and baking in the food processing industry.

The food processing industry is witnessing tremendous growth in emerging countries, such as India. The Indian government has implemented favorable policies to create a conducive investment eco-system. The government is also taking efforts to set up the required infrastructure, and providing skilled and unskilled workforce at competitive prices. The food processing segment received USD 6.21 billion in the form of foreign investments and is growing at about 8%, accounting for around 9% of the manufacturing GDP. This creates a huge opportunity for the food processing industry in India.

Similar investments have also poured into other emerging markets, such as Mexico, Indonesia, Brazil, and Russia. It is expected that by 2050, India, China, Indonesia, the Philippines, and Pakistan would represent over 50% of the world’s population. Among which 2/3rd of the population would be living in cities, which will increase the demand for processed foods substantially, in turn driving the PTFE fabric market.

Request for Sample of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=218729052

Price volatility of raw materials

PTFE fabric uses PTFE resin to achieve its superior performance properties. PTFE is made from the polymerization of R22 gas, unlike other polymers which result as a by-product of oil refining. PTFE is a niche industry, and hence there are very few suppliers of PTFE resins globally. Before June 2012, the prices of PTFE had shot up exponentially resulting in several players entering into PTFE market. However, the entry of new players created an oversupply, which caused a sharp correction in the prices of raw materials. The prices remained flat between July 2013 and October 2016, which caused consolidation in the industry. In early 2017, the prices started to surge again due to the shutting down of a few PTFE resins manufacturers in China. Thus, the price volatility of raw materials poses a challenge for the growth of the PTFE fabric market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/ptfe-fabric-market-218729052.html