The
global PTFE Membrane market is
expected to reach USD 3.01 Billion by 2026, 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.
Asia
Pacific dominates the market followed closely by North America and Europe. The
growing need for clean water in India and China is driving this market. With
some of the largest refineries in the world present in this region, the PTFE
Membrane is witnessing high demand. The rapid increase in industries and
urbanization has also augmented the demand for this market. North America has
the second largest market for PTFE Membrane owing to the presence of developed
manufacturing units, pharmaceuticals and oil, and gas industries. Post Shale
revolution in The U.S., oil and gas industry has doubled over the years.
Further
key findings from the report suggest
- 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.
- Europe to have the third largest market. Government plays a crucial
part in the maintenance of clean water. Germany, the K., and Italy are the
main countries contributing to this growth.
- Key participants include 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.
For
the purpose of this report, Reports and Data have segmented global PTFE
Membrane market on the basis of type, pores size, application and region:
Type
Outlook (Revenue, USD Million; 2018-2026)
- Hydrophilic
- Hydrophobic
- Unlaminated
- Laminated
Pores
Size Outlook (Revenue, USD Million; 2018-2026)
- 1μm
- 2μm
- 45μm
- 65μm
- 8μm
Application Outlook
(Revenue, USD Million; 2018-2026)
- Industrial Filtration
- Textiles
- Medical & Pharmaceuticals
- Water and Wastewater Treatment
- Architecture
- Petrochemical & Chemical Processing
Regional
Outlook (Revenue, USD Million; 2018-2026)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Latin America
- Brazil
- MEA
Browse More Reports of Materials
and Chemicals Category At: https://www.reportsanddata.com/report/category/materials-and-chemicals
Contact
Us:
John Watson
Head of Business Development
Direct Line: +1-800-819-3052
No comments:
Post a Comment