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Polytetrafluoroethylene (PTFE) is a synthetic polymer and PTFE fiberglass is a Teflon-coated fiberglass, which is highly durable and can withstand temperature ranging from -73 to 260°C. PTFE coated fiberglass provides unparalleled and unmatched longevity, beauty, and functionality. It does not degrade under exposure of UV rays and rainwater. It is ideal for projects that require high fire resistance as it offers distinct combination of inertness, excellent surface properties, and high thermal stability. It is utilized for some, application like arenas, presentation spaces, historical centres, transportation centers, recreation and retails. PTFE fiberglass is profoundly popular in the building industry. In addition, the self-cleaning property of PTFE fiberglass goes about as a driving element in the prevalent nature of PTFE, and its expanded use on improvement of business places is relied upon to drive the worldwide polytetrafluoroethylene (PTFE) textures market. However, since the PTFE fiberglass market is highly concentrated and dominated by a few companies, the monopolies and policy changes are projected to limit the market development. The availability and fluctuating cost of the raw material used for the production of PTFE fibreglass, coupled with the availability of low-cost alternatives, are estimated to hamper the demand for PTFE fiberglass during the estimated period.
COVID-19 Scenario Analysis
Increase in seaborne trade fairs is likely to drive the growth of the PTFE fiberglass market. PTFE fiberglass iswidely used in various passenger boats and cargo ships. It is also used in the construction and automotive industry as it remains inert at extreme temperatures, and its increasing demand in these industries is likely to drive the market growth. Also, the fact that PTFE fiberglass is self-cleaning is a driving force, as builders and architects are advocating and using it for designing and building activities. Furthermore, the demand for reflective windows drives the growth of the PTFE fiberglass market. Fiberglass is used for window panels because it absorbs sunlight, prevents heat from being trapped, and keeps the room's temperature stable. Aerospace, architecture & building, power storage, laminates, electric insulation, electronics & telecommunications, heat sealing, screen printing, automobile, and food manufacturing are only a few of the industries that use PTFE fiberglass. PTFE fiberglass fabrics are used in the food industry for non-stick applications as they are non-toxic.
However, single block PTFE fiberglass is less efficient compared to double block burner, which may hamper the overall market growth. Conversely, thedevelopment of advanced PTFE fiberglass withlow noise emission rate and easy installation is anticipated to create lucrative opportunities in the PTFE fiberglass market.
The global PTFE fiberglass market is dominated by the Asia-Pacific region followed by Europe and America. The dominance is due to the growth of the construction, automotive, and other end-user industries.
Key Benefits of the Report
Questions Answered in the Global PTFE Fiberglass Market Research Report:
PTFE Fiberglass Market: Global Opportunity Analysis and Industry Forecast, 2021-2028 Report Highlights
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Key Market Players | ERIKS N.V., Unitech Industries, Metalloy Italiana, Birdair Inc, Aetna Plastics Corp, Saint-Gobain Performance Plastics Corporation, Taconic, Fiberflon GmbH & Co. KG, Urja Fabrics, MEREFSA SLU, IC International Limited, Daikin Industries Ltd, ASTM International |
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