According to a new report published by Transparency Market Research, the PTFE fiberglass market will record significant growth owing to the rising demand from the construction and packaging industries across the globe. The report titled, “PTFE Fiberglass Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026, ” anticipates that the global market will grow remarkably during the forecast period.
PTFE is a Teflon-coated woven fiberglass membrane which is highly durable and resistant to weather. The PTFE fiberglass is chemically inert and is capable to withstand temperatures ranging from −73°C to 260°C. It is completely immune to degradation by UV rays and rainwater. The PTFE fiberglass offers a unique combination of thermal stability, inertness, and excellent surface properties, which makes it ideal for projects that require fire-resistance and survival in harsh weather conditions.
During the scientific test of solar properties, the PTFE fiberglass membrane was found to reflect 73% of sunlight and hold just 7% of energy of the sun. The PTFE fiberglass has high mechanical strength. Fibers are drawn from the hot-melt glass through platinum dies into a continuous filament and then, they are twisted and plied into yards.
The PTFE fiberglass market is driven by high demand from construction and packaging industries. The PTFE fiberglass is used in these industries, as it remains inert under extreme temperatures. Also, the self-cleaning property of the PTFE fiberglass acts as a driving factor, as builders and architects are recommending and using this fabric for construction and building activities. The PTFE fiberglass market is also driven by rise in the demand for reflective windows.
The fiberglass is used for window panels, as it reflects sunrays; does not allow the heat to get trapped; and maintains temperature of the room constant. PTFE is the key ingredient of the fiberglass. The global PTFE fiberglass market is highly concentrated. It is dominated by only a few players. The monopoly as well as the change in policies may hinder the market during the forecast period. PTFE is the raw material for the PTFE fiberglass and changes in prices of PTFE can hinder the market for PTFE fiberglass.
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