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Global Polytetrafluoroethylene (PTFE) Membrane Market 2019-2023 | 7% CAGR Projection Over the Next Five Years | Technavio

May 17, 2019
Technavio has published a new market research report on the global PTFE market from 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 17, 2019--

The global polytetrafluoroethylene (PTFE) membrane market is expected to post a CAGR of more than 7% during the period 2019-2023, according to the latest market research report by Technavio.

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Technavio has published a new market research report on the global PTFE market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the global PTFE membrane market is the increasing adoption of PTFE membranes in the medical and pharmaceutical sector. PTFE membranes have become the most preferred choice in medical and pharmaceutical applications due to their high strength and durability. They are widely known for their resistance against chemicals and corrosion. PTFE membranes can withstand the high temperature and pressure applied during the sterilization process. As a result, they are widely used in implantable medical devices such as medical stent grafts. They are also used in protein-resistant and sterile filters, seals, gaskets, tubing, and immune-diagnostic instruments. PTFE membranes are effective against humidity in the packaging of sensitive biopharmaceutical products, owing to their natural hydrophobic nature. Such applications and benefits of PTFE membranes will significantly increase their adoption during the forecast period.

As per Technavio, the increasing adoption of nanofiltration membranes will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global polytetrafluoroethylene (PTFE) membrane market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global polytetrafluoroethylene (PTFE) membrane market: Increasing adoption of nanofiltration membranes

Nanofiltration membranes have gained immense popularity recently and are being widely used in the water and wastewater treatment, medical and pharmaceutical, and food and beverages industries. They are being preferred in various industrial applications mainly due to their higher flux rate, lesser energy consumption, and the cost-effective nature when compared with reverse osmosis. Nanofiltration can also remove several unwanted contaminants, particles, and microorganisms such as bacteria, colloids, viruses, suspended particles, multivalent ions, and monovalent ions. Nanofiltration is cost-effective compared with reverse osmosis as it uses fewer fine membranes and feeds pressure. Such migration from reverse osmosis to nanofiltration will positively influence the demand for PTFE membranes during the forecast period.

“Apart from the increasing adoption of nanofiltration membranes, factors such as the growing demand for PTFE membrane-based fabrics, and the increasing penetration of expanded polytetrafluoroethylene (ePTFE) will drive the growth of the PTFE membrane market during the forecast period,” says a senior research analyst at Technavio.

Global polytetrafluoroethylene (PTFE) membrane market: Segmentation analysis

This market research report segments the global polytetrafluoroethylene (PTFE) membrane market by type (hydrophobic, and hydrophilic), application (filtration, medical and pharmaceutical, textile, water and wastewater treatment, architecture, and other applications), and geographic regions (APAC, North America, Europe, South America, and MEA).

The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. The market growth in APAC can be attributed to the increasing demand for PTFE membranes from the commercial and industrial sectors. China, India, Japan, South Korea, Australia, Thailand, Indonesia, and Vietnam are some of the main revenue-generating countries in the PTFE membrane market in APAC.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Technavio Research

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PUB: 05/17/2019 10:10 AM/DISC: 05/17/2019 10:10 AM

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