ID: MRFR/CnM/4241-HCR | February 2021 | Region: Global | 137 pages
PTFE Membrane Market Overview
PTFE is also known as polytetrafluoroethylene. It is a high molecular weight that contains both carbon and fluorine.
The PTFE Membrane Market is calculated with USD of 1.99 billion in the year 2019. This is expected to grow to the USD of 3.63 billion with a CAGR of 7.8% during the forecast period 2027.
The main demand for the PTFE membrane is because of its usage. This chemical molecule is used in many industries like oil and gas refineries, wastewater treatment, industrial filtration and even in pharmaceuticals also. The demand for the PTFE Membrane Market has increased because of the usage in treating the wastewater and also to purify the water around the world. This is also used in oil and gas refineries to separate the hydrogen sulphide.
To talk about the hindrance the high-cost effectiveness of the raw materials used in the process of PTFE is the major hindrance for the growth of the PTFE Membrane Market.
COVID Analysis
The spread of the pandemic across the world has created an impact on the growth of the PTFE Membrane Market Value. As the lockdown has been implemented by many governments to avoid the spread of the pandemic, and also the logistical restrictions have impacted many industries. Due to the pandemic lockdown, there is an increase in the demand for the workforce unavailability, limited availability of the raw materials and the supply chain interruption.
The PTFE is been used in the industries such as chemical, oil and gas, food beverages, wastewater treatment, textile and others. But due to the pandemic impact on these factories, the impact on the PTFE Membrane Market Share has gone worse. It is expected that this loss will be compensated in the future.
Market Dynamics
The main driver which has created the growth of the PTFE Membrane Market Size is because of the demand in the purification of water and wastewater treatment. The awareness among the people and also the knowledge to protect the environment is the main driving force for the growth of the PTFE Membrane Market Size.
The second reason for the growth is the actions and the precautionary activities done by the government in many countries. Countries like the US, UK, Canada are working on lowering the level of pollution and also various emission control to reduce the pollution level in their countries.
The important PTFE Membrane Market Growth opportunity is the demand in treating water in developing countries like China, India and Australia. Also, the demand and the requirement for processed water in the industries like power, food and beverage, chemical, petrochemical are some of the reasons for the growth of the PTFE Membrane Market. It is expected that the growth will be increased in the forecasting period because of the increase in demand in many developing regions.
The important restraint which is been hindering the PTFE Membrane Market Growth is the high-cost effectiveness of the raw materials which are needed to filter and process the water. Even due to the spread of the pandemic as transportation was halted, there were a lack of raw materials and also a lack of labour. Which caused the high-cost effectiveness of the raw materials due to the demand.
The current state, because of the outbreak of the pandemic across the world. There are many countries and many industries is been halted due to the spread of the pandemic. Because of the demand in the PTFE Membrane Market in recent days, the price of the materials are been fluctuating. This is also one of the main challenges which are faced in the PTFE Membrane Market Growth.
Cumulative growth analysis
The growth value of the PTFE Membrane Industry has increased due to the people's need to filter the water and also treat the wastewater. The demand to reduce pollution in many countries is also one of the main reasons for the growth of the PTFE Membrane Industry. Many countries like Brazil, South Africa, India and China, are working to ensure that the emission standards are reducing the pollution levels in the atmosphere. These are the main reason for the growth in the PTFE Membrane Industry.
Value chain analysis a
The main reason for the PTFE Membrane Market Revenue is the acts as the European Union follows the Environmental action program which is likely to make sure that the emission of the pollution is been cleared and maintained the purity of the water. The demand is also because of the increase in the population and the increase in the need for water demand. But due to the lockdown. Many sectors are facing a loss. Even the raw materials demand has also raised the cost of the raw materials.
Market segment overview
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
The Middle East and Africa
Competitive landscape
The key players are in urge to produce the required amount of products due to the demand. Then they are also planning to increase their market value because of the increase in demand in recent times. The key players are trying to use many new strategies to increase their growth value because of the demand. Some major key players are expanding their companies to many regions and are also ready for the collaboration to complete the large scale demand. As the loss during the spread of the pandemic, the small and medium-sized key players are working hard to compensate for their loss by collaborating with the major key players.
Global PTFE membrane market share by application industry
Source: MRFR analysis
Regional analysis
The dominating country in the Asia Pacific region holds the largest amount of share of 40.0% in the year 2019. Then it is expected to get the growth up to CAGR of the 7.5% during the forecast period of the year 2025. The market growth in recent days in the Asia Pacific region is because of rapid urbanization, population and industrialisation. Also, the demand in the growth of the food and beverages, medical and the pharmaceutical, water and wastewater treatment sectors are the main reason for the growth in the Asia Pacific region.
The North American region is one of the growing regions in the increasing the PTFE Membrane Market Revenue. The increase in the investment in the oil and gas industry and also because of the investment in any sector in the countries like the US and Mexico are the main reason for the growth.
Also, the European region is growing in the PTFE Membrane Market Revenue. This is because of the major key players which are available in Germany and then Italy.
Key players
Recent developments
Report Attribute/Metric | Details |
---|---|
Market Size | 2030 : Significant value |
CAGR | 2022-2030 : Substantial CAGR |
Base Year | 2021 |
Forecast Period | 2022Β toΒ 2030 |
Historical Data | 2019Β &Β 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, Application and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | General Electric (U.S.), Corning Incorporate. (U.S.), Donaldson Company, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Merck KGaA. (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) among others. |
Key Market Opportunities | The growing application in the pharmaceuticals and oil & gas refineries is attributing to the growth |
Key Market Drivers | The growing demand for clean and safe water has augmented the investment in water treatment facilities across the globe |
Frequently Asked Questions (FAQ) :
Hydrophobic PTFE membranes hold the largest share in the global PTFE membrane market.
Industrial filtration is the largest application segment of the global PTFE membrane market.
The growing demand from oil and gas refineries is likely to be a major driver for the PTFE membrane market.
Asia Pacific is the dominant regional market for PTFE membranes, followed by North America.
Leading players in the market include GE, Corning Inc., and Merck, among others.
The PTFE Membrane Market are used in the sectors like industrial filtration, medical and pharmaceutical, textile, water and wastewater treatment and architecture. These are the application where the PTFE Membrane Market is used.