The PTFE Membrane Market size is
estimated at USD 1.8 billion in 2020 and is projected to reach USD 2.4 billion
by 2025, at a CAGR of 6.0%. The growing demand for PTFE membranes is due to the
increasing wastewater treatment activities and stringent regulations regarding
emissions and water treatment.
Browse 79 market data tables and 40
figures spread through 143 pages and in-depth TOC on "PTFE Membrane Market by Type
(Hydrophobic and Hydrophilic), Application (Industrial Filtration, Medical
& Pharmaceutical, Textiles, Water & Wastewater Treatment,
Architecture), and Region - Global Forecast to 2025"
The demand for PTFE membranes in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in the oil & gas, water treatment, and chemical industry. The fluctuation in oil & gas prices is challenging the PTFE membranes market. The demand for PTFE membranes is rising, owing to the good physical properties and stringent regulations for emission and industrial waste treatment. Furthermore, the increasing demand for treated water in emerging provide growth opportunities to the market. On the other hand, the high production cost of PTFE membrane is restraining the growth of the market.
GCP Applied Technologies (US) one of
the largest manufacturer of construction products globally. The company is
among the key players in the PTFE membranes market. The company believes in
sustainability for creating value. Its strategy is focused on mergers and
acquisitions, and expansions to expand its global reach and strengthen its
competitiveness in the global PTFE membranes market. For instance, in 2020, the
company is building a new 7,360 square meter facility in Grens, Switzerland for
the manufacturing of single-use kits. This facility will meet global regulatory
requirements and is expected to be fully operational in 2022. Furthermore, The Company
expanded its PTFE membrane product offerings by acquiring the GE Healthcare
Life science from General Electric Company (US) in April 2020.
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Merck Millipore (US) is one of the
leading players in PTFE membranes market. In July 2020, The Company majorly
focuses on investment & expansion strategy. The company announced an
investment of USD 21.23 million to build a laboratory facility in Buchs,
Switzerland, to support its rapidly growing material business. This will help
to continue to drive innovation and expand the R&D of analytical standards.
With this expansion, the company is gearing up to become a world-scale
manufacturer of PTFE membrane, which is used for major applications, such as
pharmaceuticals, and industrial filtration.
Based on application, the industrial
filtration to be the largest consumer of PTFE membranes.
The industrial filtration segment is
the largest application of PTFE membranes. Stringent laws related to air and
water for controlling pollution across the globe have increased the use of
filters in industries. This has resulted in the increased use of PTFE membranes
for liquid and gas filtration in industries. Environmental regulations in
countries such as the US, Germany, India, and China are contributing to the
growth of this market.
Based on region, APAC is estimated to
lead the PTFE membranes market in 2020.
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 fuelling 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.
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