Polytetrafluoroethylene-coated Glass Fiber Market

Polytetrafluoroethylene-coated Glass Fiber Market: Overview

Polytetrafluoroethylene (PTFE) is a chemical name for Teflon. Teflon is a coating sprayed on the surface of a substrate so as to make it fire resistant, non-sticky, and non-reactive. Glass fibers are strands of fibers of glass, which are manufactured in such a way that they can possess thermal insulation properties. PTFE-coated glass fiber is a fabric that is produced by coating glass fibers with PTFE. With this process, the fabric becomes chemically inert and it can withstand temperatures ranging from −73°C to 232°C.

PTFE-coated glass fibers are used as insulating materials in flexible printed circuit boards (FPCBs), which are mostly used in printers, phones, cameras, and home devices. Advancement in technologies and rise in usage of electronic technologies are anticipated to create lucrative opportunities for the PTFE-coated glass fiber market during the forecast period. Moreover, the demand for electronics is likely to increase in the near future, as companies are investing more in the consumer electronics industry.

Polytetrafluoroethylene-coated Glass Fiber Market: Drivers & Restraints

PTFE-coated glass fibers are largely used in aerospace, automotive, electronics & electrical (E&E), energy, food packaging, and other applications (such as clothing, plywood lamination, garments, bake ware/cooking liners, conveyor belts on contact grilling machines, and polymer processing). PTFE-coated glass fibers are employed extensively in the electronics & electrical (E&E) industry for insulation, cover lay lamination, and LCD conductive film bonding. PTFE-coated glass fibers are employed as wire wrapping in electric coils, phase insulation, and shielding for electric components. These fibers impart excellent mechanical strength and high resistance to chemicals and heat to coatings. PTFE-coated glass fibers are transformed into fabrics, which are used as linings for coils and to reduce noise and vibrations in superconducting magnets. These fibers are employed as release liners for cover lay lamination, so as to maximize the production of field-programmable circuit boards. In the aerospace industry, PTFE-coated glass fibers are utilized for the manufacture of aircraft composite components such as mold-release tapes and vacuum bagging bleeder cloths. In the automotive industry, these fibers are used as release tapes, sheets, and belts applied for bonding and shaping of materials into composite parts. PTFE-coated glass fibers are applied in the lamination of photovoltaic (PV) modules, as non-stick release liners or belts and release sheets. In the plywood industry, these fibers are employed as cloth or release sheets for the lamination of plywood. In the food processing industry, they are used as belts for production of tortilla and pizza so as to carry food from one place to another.

Polytetrafluoroethylene-coated Glass Fiber Market: Regional Outlook

In terms of region, the global PTFE-coated glass fiber market can be segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. The market in Asia Pacific is likely to expand at a rapid pace during the forecast period, due to growth of the electrical & electronics (E&E) sector. With rise in the per capita income and spending power of people in Asia Pacific, the PTFE-coated glass fiber market is anticipated to expand at a rapid pace between 2018 and 2026. The rise in usage of and demand for smartphones and LCD television sets is anticipated to propel the global market for PTFE-coated glass fiber during the forecast period.

Polytetrafluoroethylene-coated Glass Fiber Market: Key Players

Prominent players operating in the global PTFE-coated glass fiber market are Jiangsu ESONE New Materials Co., Ltd, PAR Group, FIBERFLON, IC International Limited, W.L.Gore & Associates, Inc., and Aetna Plastics Corp. These companies are engaged in research and development activities, strategic alliances, and mergers and acquisitions to gain market share.