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Ptfe Membrane Market

PTFE Membrane Market: Global Opportunity Analysis and Industry Forecast, 2022-2029 Market

Report Code: A11493
Pages: NA
Nov 2022 | 849 Views
Author(s) : Eswara P
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PTFE Membrane Market Outlook – 2028

Polytetrafluoroethylene (PTFE) is high-molecular-weight fluorocarbon solid that contains both carbon and fluorine. It is a type of thermoplastic polymer exhibiting high tensile strength, improved flexibility, and self-lubricating properties. The PTFE membrane is a filter media with many applications in various end-user industries. These membranes are used in a number of applications, including oil & gas refinery, wastewater treatment, industrial filtration, and pharmaceuticals. Rise in demand from application sectors is expected to drive the PTFE membrane market growth during the forecast period. In addition, surge in demand for clean and safe water makes way for investment in water treatment facilities around the world, which fosters the growth of the global PTFE membrane market. PTFE membranes are ideally used for industrial and wastewater treatment as these exhibits’ superior filtration, extreme temperature resistance, and tear resistance properties. The largest segment is expected to be hydrophobic PTFE, which is expected to retain its dominance during the forecast period, while the industrial filtration segment is expected to lead the industry in the coming years. Furthermore, the increase in application in pharmaceuticals and oil & gas refineries is anticipated to contribute toward the market growth during the forecast period. However, the high cost of raw material (PTFE resin) is expected to majorly hinder the growth of the PTFE membrane market.

COVID-19 Scenario Analysis

  • Lockdowns in different countries, as well as logistical constraints, have had a negative effect on the industries. Supply chain disturbances, labor shortages, logistical limitations, limited component supplies, market declines, low company liquidity, and manufacturing shutdowns due to lockdown in various countries are the factors that have hampered the growth of the industries.
  • Many operations in the food &beverage, manufacturing, garment, and water & wastewater treatment sectors have been suspended as a result of the lockdown. The businesses are taking steps to prevent the virus from spreading. Governments of different countries are keeping a close eye on the disruptions and taking all appropriate measures to minimize the effects of COVID-19 pandemic by encouraging food processing.
  • Limitations on the flow of people have caused delays in operations. Countries have progressively lifted restrictions and started business operations in different sectors in the second half of 2020. However, returning to regular working condition for PTFE membrane manufacturers will be difficult even after the lockdown is lifted. As a consequence, the growth of the PTFE membrane market is anticipated to decline for some years.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

There has been an increase in the demand for water purification and wastewater treatment attributed to strict regulatory and sustainability mandates. Various emission management acts have been enacted in most countries around the world to ensure that disposed wastes pose less environmental risks. The U.S., the UK, Canada, and Australia have upgraded or are upgrading their emission requirements to lower emission levels in the atmosphere. Emerging economies such as India, China, Brazil, and South Africa have set a 5-year pollution reduction goal.These regulations ensure that high-quality drinking water and wastewater treatment requirements are maintained. PTFE is the most common raw material used in the production of PTFE membranes. There has been a rise in the prices of PTFE in the recent years, due to the closure of numerous Chinese and European manufacturing units. These businesses were breaking the law by dumping their waste in neighboring villages.PTFE producers in other countries are facing increased price pressure owing to the entry of a large number of relatively low-cost Chinese goods into the global market. In addition, other factors that boost the growth of the PTFE membrane market include the demand and supply gap, changes in regulatory climate, and the cost of raw materials, such as fluorspar, used in the production of PTFE. However, fluctuations in the cost of PTFE limit the demand by increasing the cost of manufacturing PTFE membranes. Nevertheless, demand for processed water in the power, food &beverage, chemical, petrochemical, and other industries is expected to increase during the forecast period. This is expected to boost the demand for PTFE membranes among the end users.

New Technology to Flourish the Market

A new porous PTFE membrane is developed that generates nano pores with a diameter of 50nm or less, which cannot be achieved by conventional porous OTFE membranes. These newly developed PTFE filter membranes can be used in semiconductors as semiconductor industry is moving toward finer pitch products with smaller pores for filtering chemical solutions.

Key Benefits of the Report

  • This study presents the analytical depiction of the global PTFE membrane industry along with the current trends and market estimations to determine the imminent investment pockets.
  • The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the PTFE membrane market share.
  • The future market is quantitatively analyzed from 2020 to 2027 to highlight the PTFE membrane market growth scenario.
  • The report provides a detailed PTFE membrane market analysis depending on competition and how the competition will take shape in coming years.
  • This report helps users in comprehending the key product segments and their future.

Questions Answered in the Global PTFE Membrane Market Research Report:

  • Which are the leading players active in the global PTFE Membrane Market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What should be the response of the PTFE membrane market players amid the COVID-19 pandemic?
  • What are the projections for the future that would help in taking further strategic steps?
  • What is the outlook of the industry?
  • What are the emerging key segments in the PTFE membrane market?
  • What are the major changes and assessments in PTFE membrane market dynamics?

PTFE Membrane Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights

Aspects Details
By Type
  • Hydrophobic Membranes
  • Hydrophilic Membranes
  • Oleo-phobic Membranes
By Application
  • Industrial Filtration
  • Medical & Pharmaceuticals
  • Textiles
  • Water Treatment
  • Wastewater Treatment
  • Architecture
  • Others
Key Market Players Pall (US), Cytiva (US), W.L. Gore (US), Merck Millipore (US), Corning (US), Donaldson (US), Saint Gobain (France), Markel (US), Sartorius (Germany), Hyundai Micro (South Korea)

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