Global PTFE Membrane Market is valued approximately USD 1.9 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 7.70% over the forecast period 2019-2026. The polytetrafluoroethylene membrane (PTFE) is a filter media that is non- reactive and primarily utilized for numerous applications that have the contribution of bases, acids, other liquids, and solvents. PTFE is a class of thermoplastic polymer. It has wide range of applications in end use industries owing to its high tensile strength, self-lubricating properties, enhanced flexibility among others. PTFE membranes finds its application in oil & gas refineries for carbon dioxide recovery, hydrogen sulfide separation, gas dehydration and other. Growing demand for PTFE membrane from different end use industries such as from medical & pharmaceutical industry, wastewater management and other is key driving factor of the market growth. Apart from this, development of EPTFE membrane market is anticipated to create significant growth opportunity in the market over the forecast period. However, high cost of PTFE membrane impedes the growth of the market over the forecast period of 2019-2026.
The regional analysis of global PTFE Membrane market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is significant region across the world in terms of market share owing to the increasing oil & gas refineries. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing demand from the medical & pharmaceutical and food & beverage industries would create lucrative growth prospects for the PTFE Membrane market across Asia-Pacific region.
Major market player included in this report are:
General Electric Company
W. L. Gore & Associates, Inc.
Merck Millipore Co.
Donaldson Company, Inc.
Hyundai Micro Co., Ltd.
Layne Christensen Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Medical & Pharmaceutical
Water & Wastewater Treatment
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global PTFE Membrane Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers