The global PTFE fabric market size is projected to grow from USD 0.9 billion in 2022 to USD 1.1 billion by 2027, at a CAGR of 5.7% between 2022 and 2027. High demand in the automotive industry, increasing consumption of composite fabrics for industrial applications, and rising use in the architectural part of construction projects are driving the market for PTFE fabric.
Asia Pacific is a key market to produce PTFE fabric and is projected to grow at a CAGR of 6.4% in terms of value during the forecasted period. The availability of low-cost raw materials and labor, coupled with increasing manufacturing hubs, makes the region an attractive investment destination for PTFE fabric manufacturers. The population is the key driver of India's urbanization and industrialization. Government initiatives, such as Make in India, Automotive Mission Plan 2016-2026, and Production Linked Incentive (PLI) Scheme under Atmanirbhar Bharat, aim to increase the country's manufacturing capabilities, which will drive the PTFE fabric market in India.
Based on application, The food industry is projected to have the fastest growth in the PTFE fabric market, with a CAGR of 6.0% in terms of value, during the forecast period. PTFE coated fiberglass fabrics are used for various applications in the food segment such as package sealing, baking, freeze dying, industrial baking, vacuum drying, food dehydration, dough pressing, pet food manufacturing, contact grilling & roasting, and handling sick ingredients. They are also used in conveyor belts for transporting food products and food processing.
