Rising concern for clean water treatment and applications of PTFE Membrane in the oil and gas industry is fueling the market.
The global PTFE Membrane Market is expected to reach USD 3.37 Billion by 2028, according to a new report by Reports and Data. Polytetrafluoroethylene or PTFE is a fluorocarbon solid. It belongs to thermoplastic polymer class and has high tensile strength, self-lubricating, and enhanced flexibility properties among others.
PTFE membranes are utilized in wastewater treatment, oil gas refineries, industrial filtration and pharmaceuticals among others. The rise in demand for clean and safe water has elevated the investment in treatment of water globally, hence driving the market for PTFE Membrane. PTFE Membrane properties make them suitable for industrial purpose and municipal wastewater treatment. Application of PTFE Membrane in oil and gas refineries has fueled the growth of the market. Expensive raw materials for PTFE Membrane, however, is expected to hinder the growth of the market.
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Top Lading Players: Markel Corporation, Layne Christensen Company, Hyundai Micro Co., Ltd., Donaldson Company, Inc., Merck Millipore Co., Sartorius AG, Corning Inc., W. L. Gore Associates, Inc., Pall Corporation and General Electric Company.
Some Key Highlights from the Report:
- PTFE Membrane is a non-reactive filter media that is used in applications involved in acid, bases, solvents and other liquids.
- It is used in aerospace for the development of dry film lubricant. Its application includes cable insulation, fuel hoses, door surface protection, and other assembling parts.
- The best-known brand for PTFE is Teflon. It is coated in frying pans and other cookware. It is often used in pipework and containers for reactive and corrosive chemicals.
- Medical use of the membrane is booming. It is found in dental drills, guidewires that steer devices through the body and medical tubing.
- It is expected to be used in the manufacture of uniforms in military and firefighting owing to its resistance property in harsh and extreme weather.
- The rise in demand for coated footwear in sports activities has also increased with the rise in awareness of the benefits of this market.
- Hydrophilic is estimated to be the highest growing segment due to the rising demand in the applications of filtration of liquid chemicals in chemical processing, electronic chemicals, and medical pharmaceuticals.
- Wastewater treatment is estimated to be the highest growing sector in applications segment due to the concern of water preservation and optimum utilization of water.
- APAC region is expected to have the largest market owing to the clean water program in this region and emerging industries.
- North America to have the second largest market with the presence of developed companies and stringent government policies regarding water treatments.
Segments covered in the report:
Type Outlook (Revenue, USD Million; 2018-2028)
- Hydrophilic
- Hydrophobic
- Unlaminated
- Laminated
Pores Size Outlook (Revenue, USD Million; 2018-2028)
- 1μm
- 2μm
- 45μm
- 65μm
- 8μm
Application Outlook (Revenue, USD Million; 2018-2028)
- Industrial Filtration
- Textiles
- Medical Pharmaceuticals
- Water and Wastewater Treatment
- Architecture
- Petrochemical Chemical Processing
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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