PTFE Membrane Market: Overview
The PTFE Membrane Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Polytetrafluoroethylene (PTFE) membrane is non-reactive filter media used in various applications that involve bases, acids, solvents, and different liquids.
PTFE membranes are used in industrial applications such as temperature, mineral production, humidity, dust, power generation, and pharmaceutical and chemical processing to monitor standards for the quality of product and effluents and gases released.
PTFE membrane technology is used in various applications such as high-tech aerospace movement which requires the development of dry film lubricant, to the non-stick frying pan surfaces known as Teflon.
In addition, PTFE self-lubricated membranes are utilized in machinery, high-performance film, fabrics are woven, and medical devices with PTFE membrane as a protective shield against chemical or microbial attack.
PTFE membranes are classified based on the mechanism, the membrane gets wet with water and low surface tension liquids. PTFE membranes provide filtration of air, fluids, and gases.
PTFE Membrane Market: Dynamics
Increasing adoption of PTFE membrane across various end-use industries including industrial filtration and medical and pharmaceutical is a factor expected to propel the global market growth.
In addition, increasing demand for PTFE membranes from electronics and electrical, automotive, textiles, and architecture industries is a key factor expected to propel the global market growth in the years to come.
In addition, rising demand for PTFE membrane in water and wastewater management is another factor expected to propel the target market growth over the years to come.
Increasing demand for PTFE membrane products from various manufacturing industries in developed countries is an additional factor expected to augment the global market growth.
However, the high cost associated with PTFE membrane is a factor estimated to restrain the target market growth. In addition, high capital investment is another factor projected to challenge the global market growth to a significant extent.
PTFE Membrane Market: Segment Insights
Among the type segments, the hydrophobic segment is expected to witness a higher revenue share in the global PTFE membrane market, owing to various properties such as thermally stability, inertness, high chemical compatibility, ease in sealing and handling, excellent particle retention, high flow rates, filtration efficiency, and compatibility with sterilization.
The hydrophilic segment is anticipated to register the highest CAGR over the forecast period. This is due to its demand in various applications, such as medical and pharmaceutical, electronic chemicals, and chemical processing.
Among the application segments, the industrial filtration segment is expected to record a major revenue share in the global PTFE membrane market, owing to the increasing adoption of PTFE membrane in the filtration applications such as food & beverage and petrochemical.
Water and wastewater treatment is the fastest-growing segment, owing to growing water treatment schemes across the globe, coupled with increasing water treatment and purification of industrial wastewater.
PTFE Membrane Market: Region Insights
Asia Pacific PTFE membrane market is projected to record the highest revenue share contribution in the global PTFE membrane market, owing to increasing demand for PTFE membranes from the pharmaceutical and medical and electronics, and electrical industries.
Asia Pacific market is expected to register the highest revenue growth, owing to increasing demand from automotive and textile industries and rapid development in construction sectors in the countries in the region.
Global PTFE membrane market segmentation:
Segmentation by Type:
Segmentation by Application:
- Industrial Filtration
- Medical & Pharmaceutical
- Water & Waste Water Treatment
- Others (Electronics & Electrical, Automotive, Textiles, and Architecture)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- General Electric Company
- Pall Corporation
- L. Gore & Associates, Inc.
- Corning Incorporated
- Merck Millipore Limited
- Donaldson Company, Inc.
- Hyundai Group Co., Ltd.
- Layne Christensen Company
- Markel Corporation
- Sartorius AG
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