PTFE Membrane Market worth 1.48 Bn USD by 2020, According to a New Study on ASDReports
The report, now available on ASDReports, "PTFE Membrane Market by Type (Hydrophobic, and Hydrophilic), by Application (Water & Wastewater Treatment, Filtration, Medical & Pharmaceutical, Textile, Architecture, and Others), by Region - Trends & Forecasts to 2020", The PTFE membrane market size is estimated to grow from USD 0.95 Billion in 2015 to USD 1.48 Billion by 2020, at a CAGR of 7.7%.
The market is driven by the growing prominence for water & waste water treatment application as they have higher chemical resistance, thermal stability, impact strength, and high porosity. Among all regions considered, North America and Asia-Pacific are estimated to witness a strong growth in the next five years. Also, the demand across these regions is reinforced by the emerging markets, namely, China, South Korea, and India.
Asia-Pacific: The Largest Market of PTFE membrane
Asia-Pacific is currently the largest market for PTFE membrane. The U.S. is the largest market for PTFE membrane in the North American region.
The favorable market forces driving the market for PTFE membrane in North America are:
- Development of ePTFE membrane market in the region
- Requirement of selective separation along with high level of purity in the region
- Growing water & wastewater treatment, filtration, and medical & pharmaceutical applications in major countries, such as the U.S., Canada and Mexico
Filtration: The Largest Application Segment of PTFE Membrane Market
PTFE membrane is used in various applications such as filtration, medical & pharmaceutical, textile, water & wastewater treatment and architecture. These are the main applications considered in the report. In 2015, the filtration application segment is estimated to account for the largest market share among all the applications, in terms of value, followed by medical & pharmaceutical, textile, water & wastewater treatment, and architecture applications. The water & wastewater treatment application is estimated to grow at the highest CAGR between 2015 and 2020 among all the applications considered.
The key players in the PTFE membrane market are Corning Inc (U.S.), Donaldson Filtration Solutions (South Africa), W. L. Gore & Associates, Inc. (U.S.), Pall Corporation (U.S.), Merck Millipore Co. (U.S.), Zeus Incorporation (U.S.), Sartorius AG (Germany), Layne Christensen Company (U.S.), Markel Corporation (U.S.), General Electric Company (U.S.), and Hyundai Micro Co., Ltd (South Korea), and other local players.
This report covers the market by value, for the PTFE membrane and forecasts the market size till 2020. The report includes the market segmentation by type – hydrophobic and hydrophilic, by application – water & wastewater treatment, filtration, medical & pharmaceutical, textile and others, and by region – Asia-Pacific, Europe, North America and RoW. Regions are further segmented by key country markets such as China, India, Japan, South Korea, U.S.A., Canada, Mexico, Germany, U.K., France, Russia, Italy, Brazil, Saudi Arabia, and Egypt. Report also provides company profiles and competitive strategies adopted by the major market players in the global PTFE membrane market.