According to Technavio’s latest market research study, the global PTFE membrane market is expected to grow at a CAGR of close to 8% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global PTFE membrane market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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The top three revenue contributing product segments are discussed below
Global PTFE membrane market for filtration applications: The PTFE membranes find extensive use in the filtering process of air and gas, which results in the growth of this market segment during the forecast period. These membranes are made of pure PTFE, which is naturally hydrophobic and is not affected by humidity has an excellent chemical compatibility. These materials are best suited for efficient industrial air filters.
“PTFE coated filters collect particulate matter from air streams in dust collection systems and find applications in cement production, coal-fired power plants, and steel foundries, which involve high particulate loads and high temperatures. The manufacturers are developing advanced surface filtration technology, which is used for power generation applications,” says Mahitha Mallishetty, a lead analyst at Technavio for research on plastics, polymers, and elastomers.
Global PTFE membrane market for medical and pharmaceutical applications: The extensive use of PTFE materials for hydrophobic vents and sterile barriers such as intravenous spike vents, transducer protectors, and other medical components will lead to the growth of this market segment. These materials are used with biopharmaceutical products to help protect the product from contamination during the transport of the lyophilizer.
Global PTFE membrane market for textile applications: This material is used for the production of garment that is waterproof, windproof, and breathable and will augment the demand in this market segment. PTFE materials are waterproof and hence protect the wearer in winters and humid conditions and summers these membranes release the sweat outside the garment. The properties of this material can be modified to maintain the performance criteria of the garment such as cold flex resistance, durability, flame resistance, stable to repeat washing, and thermal heat resistance.
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The top vendors operating in the global PTFE membrane market are:
- Corning
- Danaher
- Merck
- Donaldson Company
- General Electrics
Other prominent vendors in the market include W. L. Gore, Zeus, Sartorius, Sumitomo Electric Industries, Markel, Hyundai Micro, Saint-Gobain, PIL Membranes, Taconic, and Filtration Group.
A more detailed analysis is available in the Technavio report titled, ‘Global PTFE Membrane Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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