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Covid-19 Impact on PTFE Membrane Market to Witness Expansion During 2022-28 {{ currentPage ? currentPage.title : "" }}

Stratview Research announces the launch of a new research report on the PTFE Membrane Market by Type (Hydrophobic PTFE Membrane, Hydrophilic PTFE Membrane), by Application Type (Industrial Filtration, Textiles, Medical & Pharmaceutical, Water & Wastewater Treatment, Architecture, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Highlights from the Report

The PTFE membrane market was estimated at USD 1.96 billion in 2021 and is likely to grow at a CAGR of 5.93% during 2022-2028 to reach USD 2.94 billion in 2028.

What is a PTFE membrane?

PTFE membrane is a filter that is hydrophobic or hydrophilic in nature and is strongly resistant to solvents, acids, and bases. The membrane is also resistant to high temperatures and is perfect for sampling purposes.

PTFE membrane or Polytetrafluoroethylene membrane is an ideal option for different sampling purposes and they are used in a wide number of industries such as industrial filtration, textiles, medical and pharmaceutical option, water and wastewater treatment, architecture, and many others.

The report comprises an analytical representation of the PTFE Membrane Market size along with current trends, challenges, and future estimations to depict imminent investment pockets. To understand the profitable trends and gain a stronger foothold, the report also helps the users with key information related to growth drivers, restraints, and opportunities in the market. The current PTFE Membrane Market forecast is quantitatively analyzed from a particular time period of 5 years to benchmark the financial competency. The user will also get detailed info about the market trends and share of key vendors.

Market Dynamics

The PTFE membrane market has highly grown in the current years and this growth is estimated to remain in the near future because of the growth in demand for PTFE membranes in water & wastewater treatment applications, industrial filtration, and medical & pharmaceutical. Enhanced protocols pertinent to water and air pollution are also anticipated to drive market growth globally.

Report Features

This report provides critical insights into the market dynamics and enables strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

·       Market structure: Overview, industry life cycle analysis, supply chain analysis.

·       Market environment analysis: Growth drivers and constraints

·       Market segment trend and forecast

·       Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

·       Attractive market segments and associated growth opportunities

·       Key success factors

This report studies the PTFE Membrane Market and has segmented the market in few ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the ways in which the market is segmented.

By Type

Based on the type, the market is segmented as hydrophobic and hydrophilic PTFE membranes. Hydrophobic PTFE membrane bears a larger share of the segment, owing to its exceptional properties, such as thermal steadiness, inertness, elevated chemical compatibility, remarkable particle withholding, effortlessness in handling and sealing, compatibility with fumigation, high flow rates, and filtration competence. However, the hydrophilic PTFE membrane segment is estimated to grow at a higher growth in the coming five years, driven by its demand in diversified applications, such as medical & pharmaceutical, chemical processing, and electronic chemicals.

By Application Type

Based on the application type, the market is segmented as industrial filtration, textiles, medical & pharmaceutical, water & wastewater treatment, architecture, and others. The industrial filtration segment is the largest application type segment in the market. The growth is attributed to its high demand in industries, such as food & beverage and petrochemicals. On the other side, water & wastewater treatment is estimated to be the fastest-growing segment during the forecast period. The growth is attributed to the growing water treatment ventures across the board and the increasing water decontamination and handling of industrial wastewater.

Regional Analysis

In terms of regions, Asia-Pacific is the leading region in the market in terms of both value and volume. It is also expected to maintain its dominance in the coming five years. China, India, Japan, and Indonesia are the growth engines of the region. The market is driven by the growing demand for PTFE membranes from industries, such as pharmaceutical & medical and food & beverage. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

Following are the key players in the PTFE Membrane Market:

  • General Electric Company

  • Pall Corporation

  • W. L. Gore & Associates, Inc.

  • Corning Inc.

  • Merck Millipore Co.

  • Donaldson Company, Inc.

  • Hyundai Micro Co., Ltd.

  • Layne Christensen Company

  • Markel Corporation

  • Sartorius AG

About Stratview Research-

Stratview Research is a global market intelligence firm having a strong experienced team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. The services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.

Connect with the team –

Call @:  +1-313-307-4176

Mail @:  sales@stratviewresearch.com

 

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