PTFE Membrane Market is expected to grow at a CAGR of 7.7% by 2021

The report "PTFE Membrane Market by Type (Hydrophobic and Hydrophilic), Application (Industrial Filtration, Medical & Pharmaceutical, Textiles, Water & Wastewater Treatment, Architecture), and Region - Global Forecast to 2021", is projected to reach USD 2.32 Billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The increasing requirement of PTFE membranes in the medical & pharmaceutical industry and need for water & wastewater treatment fueled the growth of the PTFE membrane market.

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Objectives of the Study

• To analyze and forecast the size of the polytetrafluoroethylene (PTFE) membrane market, in terms of value
• To define, describe, and forecast the PTFE membrane market by type and application
• To forecast the PTFE membrane market size with respect to five main regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America
• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the market
• To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
• To analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, regional expansions, and R&D in the PTFE membrane market
• To strategically profile the key players and comprehensively analyze their market shares and core competencies.

Scope of the report:

The PTFE membrane market has been segmented as follows:

On the basis of Type:

• Hydrophobic
• Hydrophilic

On the basis of Application:

• Industrial Filtration
• Medical & Pharmaceutical
• Textiles
• Water & Waste Water Treatment
• Architecture
• Others

On the basis of Region:

• Asia-Pacific
• Europe
• North America
• Middle East & Africa
• South America

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The varied applications of PTFE membranes include industrial filtration, medical & pharmaceutical, textiles, water & waste water treatment, architecture and others. Industrial filtration is the largest application segment of the PTFE membrane market, due to extensive use of PTFE membrane in filtration applications such as petrochemical and food & beverage. Whereas, water & wastewater treatment is the fastest-growing application segment, due to increasing water treatment projects across the globe coupled with growing water purification and treatment of industrial wastewater.

Based on region, the PTFE membrane market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is leading the PTFE membrane market in terms of volume and value, followed by North America and Europe. High demand of PTFE membrane is witnessed in the Asia-Pacific region, owing to the increasing demand from the medical & pharmaceutical and food & beverage industries in the emerging countries such as China, Japan, and Indonesia.

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PTFE Membrane Market by Type, Application, & Region - Global Forecast to 2021

PTFE Membrane Market is projected to reach USD 2.32 Billion by 2021

PTFE Membrane Market is expected to grow at a CAGR of 7.7% by 2021

Increasing requirement of PTFE membranes in the medical & pharmaceutical industry to fuel the growth of the PTFE membrane market

Hydrophobic is the largest type segment of the PTFE membrane market

Industrial filtration is the largest application segment of the PTFE membrane market

Asia-Pacific is projected to lead the PTFE membrane market till 2021

Key market players operating in the PTFE Market are General Electric Company, & Corning Inc.

What are types of PTFE Memebrance?

Key restraining factors in the global PTFE membrane market is high cost of PTFE Resin

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues.