PTFE Membrane Market to experience an impressive growth of 9.2% during 2020-2025
February 03, 2020
PTFE membrane market is likely to witness an impressive CAGR of 9.2% during the forecast period. The PTFE membrane market has highly grown in the current years and this growth is estimated to remain in the near future because of the growth in demand for PTFE membranes in water & wastewater treatment applications, industrial filtration, and medical & pharmaceutical. Enhanced protocols pertinent to water and air pollution are also anticipated to drive the market growth globally.
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PTFE Membrane Market Segment Insights:
By Type:
Based on the type, the market is segmented as hydrophobic and hydrophilic PTFE membranes. Hydrophobic PTFE membrane bears a larger share of the segment, owing to its exceptional properties, such as thermal steadiness, inertness, elevated chemical compatibility, remarkable particle withholding, effortlessness in handling and sealing, compatibility with fumigation, high flow rates, and filtration competence. However, the hydrophilic PTFE membrane segment is estimated to grow at a higher growth in the coming five years, driven by its demand in diversified applications, such as medical & pharmaceutical, chemical processing, and electronic chemicals.
By Application Type:
Based on the application type, the market is segmented as industrial filtration, textiles, medical & pharmaceutical, water & wastewater treatment, architecture, and others. The industrial filtration segment is the largest application type segment in the PTFE membrane market. The growth is attributed to its high demand in industries, such as food & beverage and petrochemicals. On the other side, the water & wastewater treatment is estimated to be the fastest-growing segment during the forecast period. The growth is attributed to the growing water treatment ventures across the board along with the increasing water decontamination and handling of industrial wastewater.
By Region:
In terms of regions, Asia-Pacific is the leading region in the PTFE membrane market in terms of both value and volume. It is also expected to maintain its dominance in the coming five years. China, India, Japan, and Indonesia are the growth engines of the region. The market is driven by the growing demand for PTFE membrane from industries, such as pharmaceutical & medical and food & beverage. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
By Key Players:
Some of the major players in the PTFE membrane market are General Electric Company, Pall Corporation, W. L. Gore & Associates, Inc., Corning Inc., Merck Millipore Co., Donaldson Company, Inc., Hyundai Micro Co., Ltd., Layne Christensen Company, Markel Corporation, and Sartorius AG.
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- Attractive market segments and associated growth opportunities
- Emerging trends
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- Key success factors
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