PTFE Membrane Market Research Report - Forecast to 2030

PTFE Membrane Market Research Report Information By Type (Hydrophobic Membranes, Hydrophilic Membranes, Oleophobic Membranes) Application (Industrial Filtration, Medical & Pharmaceuticals, Textiles, Water & Wastewater treatment, Architecture, Others) Forecast 2030

ID: MRFR/CnM/4241-CR | December 2022 | Region: Global | 137 Pages         

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PTFE Membrane Market

The PTFE Membrane Market is calculated with USD 1.99 billion in the year 2019. This is expected to grow to the USD of 3,266.43 million with a CAGR of 7.71% during the forecast period of 2022-2030.

Segmentation
By Type Hydrophobic PTFE Membrane
By Application Industrial Filtration Textiles Medical & Pharmaceutical Architecture Others
Key Players
Companies Profiled   Pall   Cytiva   L.Gore   Merk Millipore   Corning   Donald son   Saint Gobain   Markel   Sartorius   Hyundai micro
Drivers
Market Driving Forces   The growing demand for clean and safe water has augmented the investment in water treatment facilities across the globe.
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PTFE Membrane Market Overview


The global PTFE membrane market is projected to register healthy growth during the forecast period, 2022–2030. The market was valued at USD 1,689.43 million in 2021 and is projected to register a CAGR of 7.71% to reach USD 3,266.43 million by the end of 2030.


The global market is prominently influenced by many market-driven factors. Some of the market-driven factors that are slated to fuel the global market growth include increasing PTFE membrane demand in the oil & gas industry and its growing demand from the textiles & pharmaceutical industry. Apart from these factors, the high demand for wastewater treatment from emerging economies globally due to growing end-use industries is projected to trigger global PTFE membrane market growth in the near future.


In the oil & gas industry, the produced water is high in salt, whereas the refinery process water is high in organic matter. Because these membrane technologies remove macro constituents, pre-treatment of both produced and processed water with MF and/or UF membranes with PTFE membranes is considered the most feasible. Due to PTFE membrane improved air permeability and comfort performance significantly can be used in medical disposable protective clothing can shield medical personnel from pollution sources, prevent cross-infection, and provide an effective level of protection. Also, stringent regulations and government initiatives are increasing the demand for treated water in emerging economies, which may boost demand in the PTFE membrane market during the forecast period.


COVID-19 Impact on the PTFE Membrane Market:


Chemical and material supply chains, as well as global trade and industry, have all been severely impacted by the pandemic. Market participants were compelled to shut down production facilities or operate them below their optimal production capacities during the COVID-19 epidemic, resulting in a drop in PTFE membrane output. The fluctuating cost of raw materials has had a negative impact on the production of PTFE Membrane as a result of supply disruptions brought on by border and trade restrictions. In spite of this, a few major players in the market have kept output steady at their facilities. Furthermore, the market for PTFE membranes has been significantly impacted by factors such as rises in interest rates and adverse swings in a currency, as well as economic slowdowns in regions like Europe and the Asia Pacific, in particular China, Latin America, and other parts of the world.


The pandemic has had a major effect on the availability of vital parts. Raw material and final product prices were also affected by the worldwide COVID crisis's impact on profit margins in the chemical industry. As a result, the equilibrium between supply and demand for raw materials has been upset, which has had far-reaching consequences for the production of chemicals.


Since COVID-19 emerged, PTFE membrane sales have suffered worldwide. Due to a worldwide halt in the industrial filtration sector, the primary consumer of PTFE membranes, the market was affected. Manufacturers are slow in getting their products to the industries that will use them because of poor logistics. However, distribution networks and suppliers are gradually returning to normal. Distributors, retailers, wholesalers, and e-commerce sellers who have entered into contractual relationships with the manufacturer make up the sales and distribution channel. A finished product will always be within reach thanks to these contracts that guarantee its distribution to multiple locations at the right time.


Market Dynamics


Drivers

  • Increased Demand For Polytetrafluoroethylene (Ptfe) Membranes From The Oil & Gas And Chemical Industry


The PTFE membrane is chemically stable, resistant to organic solvents and strong acids, corrosion resistant, high-temperature resistant, low protein binding ability, smooth surface, high filtration efficiency, and has a wide application range. Because of its chemical stability and inertness, PTFE membrane is suitable for corrosive organic solvents, strong acids, and strong bases. PTFE membranes are also ideal for sample preparation in HPLC. The most common applications are anhydrous sample filtering, strong acids, alkalis, and other corrosive solutions, HPLC sample preparation, and mobile phase sample clarification. The most common applications are the filtration of anhydrous samples, strong acids, alkalis, and other corrosive solutions, HPLC sample preparation, and mobile phase sample clarification. It is used in gas filtration to achieve sterility, high flux, high-temperature resistance, strong acid & alkali resistance, and broad chemical applicability. It is suitable for fermentation tanks, carbon dioxide, nitrogen, and compressed air. When used for gas filtration, it can capture 100% of phages, bacteria, and particles larger than 0.02um. In oil & gas refineries, the treatment of PW can be simplified based on the macro and molecular level separation as the removal of organics which include dispersed, dissolved, and emulsified oil, grease, and gases.


Restraints

  • High Production Cost Of Polytetrafluoroethylene (PTFE) Membranes


PTFE is the primary raw material used in the production of PTFE membranes. Due to the shutdown of various Chinese and European manufacturing units, PTFE prices have steadily risen. In 2021, China accounted for more than 40% of global PTFE consumption and will also be the world's largest PTFE manufacturer. The entry of many low-cost Chinese products into the global market has increased price pressure on PTFE manufacturers in other countries. Many countries, including India, levy tariffs on Chinese PTFE products. The production of PTFE polymer/ resin can be divided into two stages. TFE Monomer is typically produced by synthesizing Calcium Fluoride (Fluorspar), Sulphuric Acid, and Chloroform, and TFE is then polymerized in carefully controlled conditions to form PTFE. Thus, other factors influencing PTFE prices include raw material prices, fluorspar, demand and supply gap, and a changing regulatory environment. PTFE prices are also subjected to continuous revisions in the anti-dumping taxes by various importers like USA, Germany, India, and others. Thus the product inventory levels declined in the major economies such as Italy, Netherlands, and Belgium. In Asia, prices were widely affected by weak market sentiments and reduced production in the major importing countries like Germany & USA. Thus, the high production cost of polytetrafluoroethylene (PTFE) membranes can be a restraining factor in the forecast period.


Opportunity

  • Increasing Demand For Treated Water In Emerging Economies


Nearly 6 billion people will lack access to safe drinking water by 2050. More than two-thirds of the world's population will live in cities by 2050. Rapid urbanization creates economic opportunities, but it may also increase the use of freshwater resources. This will increase water competition between cities and agriculture. More urban waste, including nutrients and pathogens from human excretion, plastics, and chemicals from personal care products, is likely to contaminate water. This is expected to increase water and wastewater technologies demand in the coming years. In addition, industrial production is rapidly increasing to meet the growing demand. Water is used extensively in various industries for processing, cooling, and disposal. Water demand in industrial applications is increasing with rapid industrialization to meet the many demands of a growing population. The generation of wastewater is rapidly increasing as industrialization accelerates. Many industries worldwide are dealing with water scarcity and are looking for ways to reduce water consumption and reclaim and reuse wastewater.The strategic use of treated wastewater can improve resource efficiency while benefiting the ecosystem and promoting balanced industrial development.


Trends

  • Market Defining Trends Across Diverse End-use Industries


PTFE-coated high translucency fabric membranes are ideal for tensile architecture systems and clothing as it offers aesthetics and durability. The PTFE fiberglass fabric membrane is structurally waterproof, UV resistant, and chemically inert.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. Demand for coated footwear in sports activities has also increased with the rise in awareness of the benefits of this market, as PTFE membranes offer waterproof durability and resistance to repeated crumble flexing, hydrolysis, and oil contamination. It is used in the development of dry film lubricants in aerospace. Cable insulation, fuel hoses, door surface protection, and other assembling parts are examples of their applications.


Segmentation


By Type



  • Hydrophobic Membranes

  • Hydrophilic Membranes

  • Oleophobic Membranes


By Application



  • Industrial Filtration

  • Medical & Pharmaceuticals

  • Textiles

  • Water & Wastewater treatment

  • Architecture

  • Others


Regional Analysis


The global polytetrafluoroethylene (PTFE) membrane market has been studied for the following regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these, Asia-Pacific dominated the market with a share of 39.9%, accounting for USD 673.25 million in 2021; it is expected to register the highest CAGR of 9.17% from 2022 to 2030. Europe was the second largest, with a share of 27.1% in 2021, sized at USD 457.15 million; it is projected to exhibit a CAGR of 6.51%.


A sizable polytetrafluoroethylene (PTFE) membrane industry in the region is likely to make the Asia-Pacific region the largest expanding market for polytetrafluoroethylene (PTFE) membranes globally. The polytetrafluoroethylene (PTFE) membrane market is also anticipated to grow throughout the forecast period because of rising government investments in infrastructure development in developing nations like China and India. Because of the high demand for polytetrafluoroethylene (PTFE) membranes for the industrial filtration and textile industries, Europe has been actively monitoring the Asia-Pacific market. The growing demand for the product from various applications, including the industrial filtration and textile industries, drives the North American market. The Latin America and Middle East & Africa regions are showing consistent growth during the forecast period. Finally, due to technological developments and the rising demand for industrial filtration in these countries, it is anticipated that the Middle East, Africa, and Latin America markets will experience considerable growth over the projection period.


Competitive Landscape


The market for PTFE membranes is characterised by the presence of numerous regional and local suppliers. There is a lot of competition in the market, and everyone is trying to increase their share as much as possible. The primary factor propelling the PTFE membrane market is the rising demand for these membranes in industrial filtration. Vendors contend with one another in the marketplace over price, product quality, and regional product availability. In order to be competitive, PTFE membrane suppliers must offer competitive pricing without sacrificing product quality. There are three tiers of competitors: the top, the second, and the third. However, the top and second tiers together control more than 60% of the worldwide market.


The expansion of the market participants is contingent on the state of the market, the economy, the government's policies, and the growth of the industrial sector. As a result, businesses in the sector need to concentrate on increasing output in order to keep up with demand and provide better services. Currently, the market is dominated by firms competing on the basis of quality, price, and availability.


These firms include Donaldson Company, Inc., Cytiva, W. L. Gore & Associates, Inc., Merck KGaA, Corning Incorporated, Compagnie de Saint-Gobain S.A., Sartorius AG, Hyundai Micro Co., Ltd., Porex Corporation, and Zeus Company, Inc. These participants are devoting most of their efforts to improving PTFE membrane. Although worldwide companies account for the vast majority of sales, smaller regional and local firms nevertheless have a moderate presence. Established in main regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, the multinational corporations with a worldwide footprint have expanded their operations to further penetrate these markets.


One of the key development in the market is mentioned below:



  • In June 2022, Donaldson acquired Purilogics LLC for an initial payment of about $20 million and a milestone-based earnout payment over the coming five years. By utilizing Purilogics' distinctive product offerings, Donaldson expects to strengthen its life sciences portfolio through this acquisition. It becomes easier to create and commercialize the biologics purification tools with Donaldson's expertise in PTFE membrane technology, its global presence, and Purilogics' knowledge of membrane chromatography technologies.


Report Overview:


The PTFE Membrane market is segmented by type, application, and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global PTFE Membrane emerging and fast-growing segments, regions, and countries.


Objectives of the Study


To get a comprehensive overview of the global PTFE Membrane market


To get wide-ranging information about the key factors driving the market and market opportunities


To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments


To gain insights into the key country/region in which the market is growing


Intended Audience



  • Oil & Gas Companies

  • Power Generation Companies

  • Chemical Companies

  • Pharmaceutical Companies

  • Research Institutes

  • Academic Institutes

  • Government Organizations



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 3.26 Billion
  CAGR   7.71%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Million), Volume (Million Sq. M)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered    Type and Application
  Geographies Covered    North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa
  Key Vendors    Donaldson Company, Inc., Cytiva, W. L. Gore & Associates, Inc., Merck KGaA, Corning Incorporated, Compagnie de Saint-Gobain S.A., Sartorius AG, Hyundai Micro Co., Ltd., Porex Corporation, and Zeus Company Inc.
  Key Market Opportunities   • Increasing Demand For Treated Water In Emerging Economies
  Key Market Drivers   • Increased Demand For Polytetrafluoroethylene (PTFE) Membranes From The Oil & Gas And Chemical Industry • Demand In The Textiles & Pharmaceutical Industry


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Frequently Asked Questions (FAQ) :

The global PTFE Membrane market would register a growth of 6.82%.

The Industrial filtration industry will play a prominent role in taking the market forward.

PTFE prices are also subjected to continuous revisions in the anti-dumping taxes by various importers like USA, Germany, India, and others. Also, Thus, the high production cost of polytetrafluoroethylene (PTFE) membranes can be a restraining factor in the forecast period.

Asia-Pacific would enjoy the upper hand in the PTFE Membrane market, and it is poised to grow at a rapid rate, owing to rapid demand from the Industrial Filtration market.

China is poised to set the trend for demand growth in the PTFE Membrane market.