The PTFE membrane market is projected to reach USD 2.32 Billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The PTFE membrane market has witnessed high growth in the recent years, and this growth is projected to continue in the near future, owing to the increase in the demand for PTFE membrane in the medical & pharmaceutical, industrial filtration, water & wastewater treatment applications. Increased regulations related to air and water pollution is also expected to boost the market growth.
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MarketsandMarkets Published new report “PTFE Membrane Market by Type (Hydrophobic and Hydrophilic), Application (Industrial Filtration, Medical & Pharmaceutical, Textiles, Water & Wastewater Treatment, Architecture), and Region – Global Forecast to 2021”, 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.
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Browse 70 market data tables and 58 figures spread through 159 pages and in-depth TOC on “PTFEMembrane Market”
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.
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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.
Asia-Pacific is projected to lead the PTFE membrane market during the forecast period
Asia-Pacific is a luctrative market for PTFE membrane. The demand for PTFE membrane is high from various applications such as pharmaceuticals and food & beverages in the region.
China is the largest market for PTFE membrane in this region, whereas India is expected to be the fastest-growing market during the forecat period.
Key players in the PTFE membrane market
The key market players operating in the PTFE market are 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).
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