PTFE Membrane Market Global Outline, Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2023
Jan 17, 2019
Global PTFE Membrane Market Research: Information By Type (Hydrophobic PTFE Membrane), The Application (Industrial Filtration, Textiles, Medical & Pharmaceutical, Architecture, Others) – Forecast Till 2023
Pune, India - January 17, 2019 /MarketersMedia/ —
Synopsis of PTFE membrane Market
PTFE is also known as Polytetrafluoroethylene. It is a fluorocarbon solid with a high molecular weight that contains carbon and fluorine. PTFE is a class of thermoplastic polymer that possess excellent properties such as high tensile strength, enhanced flexibility, and self-lubricating properties among others. PTFE or Polytetrafluoroethylene Membrane is a filter media, which has wide applications in various end-user industries.
The growing demand from the application sectors is anticipated to drive the market growth during the forecast period positively. The major applications of PTFE membranes include industrial filtration, oil & gas refineries, wastewater treatment, and pharmaceuticals among others. The Global PTFE Membrane is expected to show a considerable growth with an expanding CAGR of over 7% during the forecast years. The growing demand for clean and safe water has augmented the investment in water treatment facilities across the globe, which is positively affecting the global PTFE membrane market. Properties of PTFE Membranes such as superior filtration, tear resistance, and extreme temperature resistance makes them suitable for industrial and municipal wastewater treatments. Moreover, the growing application in the pharmaceuticals and oil & gas refineries is attributing to the growth of the market during the assessed period. PTFE membranes are widely used in the oil and gas refineries for the separation of hydrogen sulfide, air separation, and carbon dioxide recovery and gas dehydration among others. However, the high cost of raw material (PTFE resin) is anticipated to be a major downside to the market growth.
Hydrophobic PTFE is expected to be the largest segment and is anticipated to continue its dominance during the assessed period whereas among the application segment industrial filtration is expected to lead the market.
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Key Players
Some of the prominent players operating in the Global PTFE Membrane Market are General Electric (U.S.), Corning Incorporate. (U.S.), Donaldson Company, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Merck KGaA. (U.S.), Pall Corporation (U.S.), Sartorius AG (Germany), Layne Christensen Company (U.S.), Zeus Incorporation (U.S.), Markel Corporation (U.S.), and Hyundai Micro Co., (South Korea) among others.
Segmental Analysis
The Global PTFE Membrane Market is segmented into Type, Application and Regions. On the basis of the Type, the market is segmented into hydrophobic PTFE membrane, hydrophilic PTFE membrane. On the basis of the Application, the Global PTFE Membrane Market is further segmented into industrial filtration, textiles, medical & pharmaceuticals, water treatment industry, architecture, and others.
Regional Analysis
The PTFE Membrane Market is segmented across five regions: Europe, Latin America, Asia Pacific, North America and the Middle East & Africa. Among these, the Asia Pacific is major in the Global PTFE Membrane Market, which is closely followed by North America and Europe. Asia Pacific holds a major share of the market and is expected to show a considerable CAGR during the forecast period. Rapidly growing industries and urbanization in the region has augmented the demand for PTFE Membrane owing to its extensive use in the industrial filtration applications. Moreover, the growing population mainly in India and China has increased the need for safe and clean water, which, in turn, is fueling to the demand for PTFE Membrane in the water treatment facilities.
Additionally, the growing oil and gas activities along with the presence of the world’s largest refinery is expected to affect the demand for PTFE Membrane in the region, positively.
North America is the second largest PTFE Membrane Market across the globe. The developed manufacturing units, oil & gas and pharmaceutical industries among others are significantly contributing to the market growth. Moreover, post the Shale gas revolution in the U.S, the investment in oil and gas industry has nearly doubled, which is anticipated to further boost the market demand for PTFE Membrane. Furthermore, the presence of stringent regulation on the treatment of industrial and municipal water is projected to boost the market growth further during the review period. For instance, The Environmental Protection Agency (EPA) has laid down Surface Water Treatment Rules (SWTRs) and Safe Drinking Water Act (SDWA) in the U.S.
The European region is another dominant region in the Global PTFE Membrane Market. The major countries attributing to this growth are Germany, Italy, and the U.K among others.
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Source: MarketersMedia
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