PTFE Membrane Market is projected to reach USD 2.32 Billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The increasing requirement of PTFE membranes in the medical & pharmaceutical industry and need for water & wastewater treatment fueled the growth of the PTFE membrane market.
Browse 70 market data tables and 58 figures spread through 159 pages and in-depth TOC on "PTFE Membrane Market by Type (Hydrophobic and Hydrophilic), Application (Industrial Filtration, Medical & Pharmaceutical, Textiles, Water & Wastewater Treatment, Architecture), and Region - Global Forecast to 2021".
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Hydrophobic is the largest type segment of the PTFE membrane market
Hydrophobic PTFE membrane is the largest type segment of the PTFE membrane market. Properties such as inertness, thermally stability, high chemical compatibility, excellent particle retention, ease in handling and sealing, compatibility with sterilization, high flow rates, and filtration efficiency and extensive use in industrial filtration applications involving exposure to aqueous solutions and gases make it the largest PTFE membrane type.
Industrial filtration is the largest application segment of the PTFE membrane market
Industrial filtration is the largest application segment of the PTFE membrane market due to extensive use of PTFE membrane in filtration applications as across industries such as petrochemical, food & beverage, and others. Properties such as chemical inertness, ability to sustain high temperature, and high filtration efficiency make PTFE membrane suitable for industrial filtration applications where the membranes are exposed to corrosive environments and are in contact with acids, solvents, and alkaline solutions.
Based on region, the PTFE membrane market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is leading the PTFE membrane market in terms of volume and value, followed by North America and Europe.
High demand of PTFE membrane is witnessed in the Asia-Pacific region, owing to the increasing demand from the medical & pharmaceutical and food & beverage industries in the emerging countries such as China, Japan, and Indonesia.
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The key restraining factors in the global PTFE membrane market is the high cost of PTFE resin which is used as a raw material to produce PTFE membrane. This would induce the market players to trigger innovations in the PTFE membrane market to make these membranes more cost effective. Moreover, companies such as, General Electric Company (U.S.), Corning Inc. (U.S.), Donaldson Company, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Merck Millipore Co. (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) are investing in R&D activities to launch new products and strengthen their positions in this market.
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