Transparency Market Research (TMR) provides key insights on the PTFE fiberglass market in its latest report titled “PTFE Fiberglass Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, growing number of various end-use industries in Asia Pacific is predicted to drive the PTFE fiberglass market during the forecast period.

The PTFE fiberglass is employed in various industries such as aerospace, construction & building, power generation, laminates, electric insulation, electronics & telecommunications, heat sealing, screen printing, automotive, and food processing. Being non-toxic in nature, PTFE fiberglass cloths are used in the food industry for non-stick applications. In the construction & building industry, the PTFE fiberglass is used for roofs, windows, etc.

The report has segmented the global PTFE fiberglass market based on product, application and region. In terms of product, the PTFE fiberglass market is split into fabrics, tapes, belts, cords, threads, and yarns. Threads made of the PTF fiberglass are employed to improve sewability and reduce friction. It is used in fabrics for release sheets on heat-sealing machines and laminate presses, gaskets, seals and bearings for chemicals, oils and gases, covers for hot plates, platens, chutes, hoppers, and rolls. Tapes, belts, cords, and yarns made of the PTFE fiberglass are used in applications such as packaging, food products, printing & textile, building products, and chemical processing.

In terms of regional perspective, the global PTFE fiberglass market is divided into Latin America, North America, Eastern Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominates the global PTFE fiberglass market, closely followed by Eastern Europe and North America.

The dominance of the region is attributable to the growing number of end-user industries in Asia Pacific such as construction, chemical, food & beverages, packaging, and textile. However, the markets in North America and Europe witness sluggish growth, as the markets in these regions are saturated. However, ongoing technological advancements and launch of new products are likely to boost the demand for the PTFE fiberglass in these regions during the forecast period.

Major players operating in the global PTFE fiberglass market are included in this report and these are ASTM International, Unitech Industries, IC International Limited, Aetna Plastics Corp, MEREFSA SLU, Taconic, Metalloy Italiana, ERIKS N.V., Urja Fabrics, Saint-Gobain Performance Plastics Corporation, Daikin industries Ltd, Fiberflon GmbH & Co. KG, Birdair Inc., Fothergill Group, and W.L. Gore & Associates Inc.

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