Dublin, Oct. 15, 2020 (GLOBE NEWSWIRE) -- The "PTFE Membrane Market by Type (Hydrophobic and Hydrophilic), Application (Industrial Filtration, Medical & Pharmaceutical, Textiles, Water & Wastewater Treatment, Architecture), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The PTFE membrane market size was USD 2,002.2 million in 2019 and is projected to reach USD 2,408.8 million by 2025, at a CAGR of 6.0%.
The growing demand from oil & gas industries and stringent regulations pertaining to emission and waste treatment are the major drivers boosting the demand for PTFE membranes market globally. Furthermore, the market is growing globally due to the implementation of water and waste management programs. The rising demand for EPTFE membranes in microfiltration and vetting applications provides growth opportunities for manufacturers of PTFE membranes. However, the high production cost of PTFE membranes and fluctuating oil & gas prices are the factors hindering the growth of the market.
Hydrophobic type segment to capture the highest share in the PTFE membranes market during the forecast period.
PTFE membranes are naturally hydrophobic, with excellent chemical resistance and have a natural tendency to repel water due to low surface tension. The demand for these membranes is rising rapidly, owing to their various physical properties such as high porosity and chemical & abrasion resistance. Thus, they are mainly used in applications such as industrial filtration, medical & pharmaceutical, architecture, textile, water & wastewater treatment, and others.
Industrial filtration to be the largest application of PTFE membranes
Based on application, the PTFE membranes market is segmented into industrial filtration, medical & pharmaceutical textile, water & wastewater treatment, architecture, and others. The industrial filtration application segment accounted for the larger market share in 2019. This is because of the unique properties, such as chemical inertness, ability to sustain high temperature, good mechanical properties, and high filtration efficiency, possess by PTFE membranes makes it suitable for industrial filtration applications involving exposure to corrosive environments and contact with gases, acids, solvents, and alkaline solutions.
APAC is the largest and fastest-growing PTFE membranes market during the forecast period.
APAC is estimated to be the largest and the fastest-growing PTFE membrane market during the forecast period. The growth of the market in this region is primarily attributed to the rapidly growing population, urbanization, and industrialization. The growing demand from the food & beverage processing, medical & pharmaceuticals, and water & wastewater treatment is playing a crucial role in fueling the market for PTFE membrane in APAC. Implementation of strict regulations regarding water treatment & industrial wastewater discharge is also expected to drive the PTFE membrane market in the region.
The recent COVID-19 pandemic is expected to impact the various industries globally. Due to lockdown, many food & beverage processing industries, textile, and water & wastewater treatment industries activities are halted. For instance; Tyson Foods (US), a leading meat processing company, restricted its pork processing by nearly 50% and beef production by about 25% by May 2020. The companies are taking precautions to avoid the spread of the virus. Governments of different countries are keeping a close watch on the disruption and taking every necessary step to mitigate the impact of COVID-19 by promoting food processing. Even after the lifting of lockdown, it will be challenging for PTFE membrane manufacturers to get back to normal working situations. Similarly, economies such as China, India, and others are also facing the brunt of the Covid-19 pandemic.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Global PTFE Membrane Market Overview
4.2 Global PTFE Membrane Market, by Type
4.3 Global PTFE Membrane Market, by Application
4.4 Global PTFE Membrane Market, by Region
5 Market Overview
220.127.116.11 Growing Demand for Ptfe Membrane in Water and Wastewater Management
18.104.22.168 Increasing Acceptance of Ptfe Membrane in the Medical & Pharmaceutical Industry
22.214.171.124 Increasing Demand of Ptfe Membrane in the Manufacturing of Footwear and Other Apparel Products
126.96.36.199 High Cost of PTFE Membrane
188.8.131.52 Growing Demand for Ptfe Membrane in Emerging Countries
184.108.40.206 Development of ePTFE Membrane Market
220.127.116.11 High Capital Investments
5.2 Porter'S Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Buyers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
5.3 Macroeconomic Trends/Operational Data Analysis
5.4 Average Selling Price Trend
5.5 Value Chain Analysis
5.6 Technology Analysis
5.7 Patent Analysis
5.8 Case Study Analysis
5.9 Key Market for Import/ Export
5.10 COVID-19 Impact Analysis
6 Global PTFE Membrane Market, by Type
6.2 Hydrophobic PTFE Membrane
6.3 Hydrophilic PTFE Membrane
7 Global Cellulose Based Bioplastics Market, by Application
7.2 Consumer Goods
7.3 Automotive & Transportation
7.5.1 3D Printing
8 Global PTFE Membrane Market, by Region
8.2.4 South Korea
8.2.6 Rest of APAC
8.3.8 Rest of Europe
8.4 North America
8.5 South America
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.5.4 Rest of Middle East & Africa
9 Competitive Landscape
9.2 Market Evaluation Framework
9.3 Competitive Benchmarking
9.3.1 Strength of Product Portfolio (For All 20 Companies)
9.3.2 Business Strategy Excellence (For All 20 Companies)
9.4 Top 5 Player Revenue Analysis
9.5 Competitive Scenario
9.5.1 New Product Launch
10 Company Evaluation Matrix and Company Profiles
10.2 Company Evaluation Matrix Definitions and Methodology
10.2.1 Market Share/Ranking
10.2.2 Product Footprint
10.2.4 Emerging Leader
10.3 Company Evaluation Matrix,2019
10.4 Company Profile
10.4.1 Eastmen Chemical Company
10.4.5 Innovia Films
10.4.7 Celanese Corporation
10.4.8 Sappi Global
10.4.10 Hemp Bioplastics
10.5 Startup/SME Profile
11.1 Insights from Industry Experts
11.2 Discussion Guide
11.3 Introducing Rt: Real-Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details
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