LONDON, April 14, 2016 /PRNewswire/ -- "Increasing penetration with evolving medical & pharmaceutical industry is a prime factor for the growth of PTFE membrane market"
The global PTFE membrane market size (2015–2020) is estimated to reach USD 1.48 billion by 2020 at a CAGR of 7.7%. Grwoth in medical & pharmaceutical industry is one of the major factors for the growth of PTFE membrane market. PTFE membrane have the following properties: high inertness to chemicals; resistance to solvents;one of the lowest co-efficient of friction; low dielectric constant and dissipation factor, excellent insulation property and a wide operating temperature. These unique properties makes it a valuable plastic for various applications and drives the growth of PTFE membrane market.
"Filtration is the largest application of PTFE membrane"
PTFE membrane is used in various applications such as water and waste water treatment, medical & pharmaceutical, filtration, textile, architecture, and others. In 2015, the filtration segment accounted for the largest market share among all the applications, in terms of value, followed by medical & pharmaceutical, textile, and water and waste water treatment. Among all the applications, water and waste water treatment is estimated to register the highest CAGR between 2015 and 2020.
"Rising demand from Asia-Pacific is the major driver for PTFE membrane market"
In 2015, Asia-Pacific is estimated to account for the largest market share, in terms of value, and is estimated to remain the market leader in next 5 years. High purity standards and stringent environmental regulations for pure water are leading to increased water and wastewater treatment activities that drive the PTFE membrane market on a very large scale. China led the demand for PTFE membrane due to increased demand for filtration in the last 2–3 years. Other emerging economies, such as Russia, India, Mexico, and Brazil are the markets which are projected to grow rapidly.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted.
The break-up of primary interviews is given below.
-By Company Type - Tier 1 - 37 %, Tier 2 – 50 % and Others - 13 %
-By Designation - C level - 50%, Director level - 31%, Others - 19%
-By Region - North America - 38%, Europe - 36%, Asia-Pacific - 25%, RoW – 6%
The key companies profiled in this market research report are Corning Inc. (U.S.), W.L. Gore & Associates, Inc. (U.S.), Pall Corporation (U.S.), General Electric Company (U.S.), Donaldson Filtration Solutions (South Africa), Merck Millipore (U.S.), Sartorius AG (Germany), Markel Corporation (U.S.), Zeus Inc. (U.S.), Layne Christensen Company (U.S.), and W. L. Gore & Associates, Inc. (U.S.).
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the PTFE membrane market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub-segments across the different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes new product developments, partnerships, and mergers & acquisitions.
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