LONDON, March 29, 2017 /PRNewswire/ -- "The PTFE membrane market is projected to grow at a CAGR of 7.7% in terms of value during the forecast period"
The PTFE membrane market was valued at USD 1.49 billion in 2015, and is projected to reach USD 2.32 billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The increasing demand for PTFE membrane in the medical & pharmaceutical industry and water & wastewater treatment applications is driving the market. Increasing regulations related to air and water pollution has further increased the consumption of PTFE membrane across industries. However, high cost of PTFE membrane is restraining the market.
"Hydrophilic PTFE membrane is expected to be the fastest-growing type segment of the PTFE membrane market from 2016 to 2021"
Hydrophilic PTFE membrane is expected to be the fastest-growing type segment during the forecast period, owing to its demand in growing applications in the filtration of liquid chemicals in chemical processing, medical & pharmaceutical, and electronic chemicals.
"Water & wastewater treatment is projected to be the fastest-growing application segment of the PTFE membrane market from 2016 to 2021"
Water & wastewater treatment is expected to be the fastest-growing application segment during the forecast period, due to the growing awareness regarding water conservation and need for optimum utilization of water. This has increased the use of PTFE membrane in the same. Moreover, increasing water treatment projects across the globe coupled with growing need for water purification and treatment of industrial wastewater has further fueled the growth of PTFE membrane.
"Asia-Pacific is the largest regional market for PTFE membrane"
Asia-Pacific is the largest regional market for PTFE membrane. The growth of the market is attributed to the increasing demand for PTFE membranes from various industries such as medical & pharmaceutical, chemical, automotive, petrochemical, and food & beverage in the emerging countries of the region. In Asia-Pacific region, countries such as, China, Japan, and Indonesia are leading producers of food and beverage and have contributed to a significant share to this industry.
This study has been validated through primaries conducted with various industry experts worldwide. The primary sources have been divided into three categories, namely, company type, designation, and region.
- By Company Type - Tier 1 - 25%, Tier 2 – 40%, and Tier 3 - 35%
- By Designation - C Level -10%, Director Level - 10%, and Others - 80%
- By Region - North America - 5%, Europe - 30%, Asia-Pacific - 55%, Middle East & Africa - 5%, and South America-5%
Companies profiled in the report:
General Electric Company (U.S.), Corning Inc. (U.S.), Donaldson Company, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Merck Millipore Co. (U.S.), Pall Corporation (U.S.), Sartorius AG (Germany), Layne Christensen Company (U.S.), Zeus Incorporation (U.S.), Markel Corporation (U.S.) and Hyundai Micro Co., (South Korea) are the major manufacturers in the PTFE membrane market.
The report offers an insight on PTFE membrane used across different applications, end-use industries, and regions. It aims at estimating the market size and future growth potential of this market across different segments such as, type, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenues for the overall PTFE membrane market and its subsegments. This report will help stakeholders better understand the competitor landscape, and gain more insights to better position their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and acquire information on key market drivers, restraints, challenges, and opportunities impacting the growth of the market.
Download the full report: https://www.reportbuyer.com/product/4801481/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ptfe-membrane-market-by-type-application-and-region---global-forecast-to-2021-300431487.html