Universal Research on PTFE Membrane Market | Hyundai Micro Co, General Electric Corning Incorporate, Donaldson Company, Inc., W. L. Gore & Associates, Inc, Merck KGaA., Pall Corporation, Sartorius AG, Layne Christensen Company, Zeus Incorporation, Markel

Market Overview:

The growing demand for clean and safe water along with the stringent regulation on the treatment of industrial waste are the major factors driving the growth of the PTFE membrane. The growing gross domestic product in the developing regions across the globe has augmented the growth of various sectors such as water treatment, industrial filtration, and pharmaceuticals among others are significantly contributing to the growth of the market. Moreover, the growing oil and gas activities to keep up with the energy demand have further surged the usage of PTFE membrane in the refineries.
PTFE membrane is widely used in the application sectors such as industrial filtration, oil & gas refineries, medicine & pharmaceuticals, textile, and architecture among others. The global PTFE membrane market is spanned across five regions of the world namely, Europe, North America, Latin America, Asia Pacific and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading owing to the growing industrial developments in the region. The major countries attributing to this growth are Japan, China, and India. The growing population in the region has surged the need for clean and safe water, which, in turn, is expected to boost the market growth during the forecast period. Moreover, the growing oil & gas sector mainly in India and China has positively impacted the PTFE membrane market owing to its extensive use in carbon dioxide recovery, gas dehydration, and separation of hydrogen sulfide among others.

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Competitive Analysis

General Electric Corning Incorporate. (U.S.), Donaldson Company, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Merck KGaA. (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).

Segmentation

The global PTFE membrane market is segmented into type, application, and regions. On the basis of the type, the market is segmented into hydrophobic PTFE membrane, hydrophilic PTFE membrane. On the basis of the application, the global PTFE membrane market is further categorized into industrial filtration, textiles, medical & pharmaceuticals, water treatment industry, architecture, and others.

Regional Analysis:

North America is another dominant region in the PTFE membrane market and is expected to retain its dominance during the forecast period. The developed end-use industry coupled with the increasing adoption rate is the major factor driving the market growth. Moreover, the shale gas boom has augmented the oil and gas activities, in turn, adding to the growth of the market. European PTFE membrane is set to grow at a steady pace during the forecast period. The developed healthcare sector has propelled the use of PTFE membrane, especially in drug delivery, laparoscopy surgery, and others. The key countries contributing to the growth of the market in this region are Germany, the U.K, and France among others.

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