PTFE Membrane Market Insights on Trends, Drivers and Opportunities by 2025 & key players -Merck KGaA., Donaldson Company, Inc., Micro Separations, Hyundai Micro, Axiva Sichem Pvt. Ltd., W. L. Gore & Associates, Sigma-Aldrich Co. LLC.

PTFE Membrane Market Size and Growth Rate:
PTFE Membrane Market was valued at USD 1.82 Billion in 2018 and projected to reach USD 2.97 Billion by 2025 growing at a CAGR of 5.1% during the forecast period 2018 to 2025.

PTFE Membrane Market Overview:
The growing demand for PTFE membrane in the medical & pharmaceutical industry, and water treatment purposes is driving the market. Building regulations related to air and water contamination has further boosted the dispersion of PTFE membrane over industries. But, the high cost of the membrane is limiting the market.

Fast-growing industries and urbanization in the world have augmented the need for PTFE membranes, owing to their great use in the industrial filtration purposes. Furthermore, the increasing population largely in India and China has grown the need for a safe and clean pool, which, in turn, is feeding to the market for PTFE film in the water treatment facilities. Additionally, the increasing oil and gas projects along with the presence of the biggest refineries is supposed to affect the market for PTFE membrane positively.

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PTFE Membrane Market Growth Drivers and Restraints:
The increasing demand for clean and safe water has increased the investment in water processing facilities across the globe, which is positively influencing the global PTFE membrane market. Properties of PTFE films such as superior filtration, tear stability, and extreme temperature stability makes them suitable for industrial and municipal wastewater medications. Furthermore, the increasing application in medicine and oil & gas refineries is connecting to the growth of the market through the assessed period. PTFE membranes are generally used in the oil and gas refineries for the division of hydrogen sulfide, air division, and carbon dioxide compensation and gas dehydration with others. However, the high cost of raw material is expected to be a significant downside to the market growth.

In 2018, the Hydrophobic PTFE membrane part dominated the market owing to features such as excellent bit retention, ease in administration and sealing, high current rates, and filtration performance. Whereas, the hydrophilic PTFE film segment is expected to grow at a higher CAGR through 2018-2023, due to its market in various forms such as therapeutic & pharmaceutical, and chemical processing.

Geographic Insights of PTFE Membrane Market:
Geographically, Asia Pacific is anticipated to remain dominant in the global PTFE film market throughout the projected period. Countries such as Taiwan, Indonesia, and Japan, which are the best producers in the food and drink industry, are expected to add significantly to the PTFE membrane market. European countries that are fully versed in the chemical area are anticipated to account for important shares to boost the market over the foreseen period, followed by North America with the growing rate of oil and gas refineries.

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Key Market Players of PTFE Membrane Market:
The important market players that are included in the PTFE membrane market include Merck KGaA., Donaldson Company, Inc., Micro Separations, Hyundai Micro, Axiva Sichem Pvt. Ltd., W. L. Gore & Associates, Sigma-Aldrich Co. LLC., VWR, Komemtec, Inc., and Trinity Filtration Technologies Pvt. Ltd.

PTFE Membrane Market Key Segmentation:
By Product:
•Hydrophobic PTFE Membrane
•Hydrophilic PTFE Membrane

By Application:
•Water & Wastewater Treatment
•Filtration
•Medical & Pharmaceutical
•Industrial Chemical
•Automotive Applications

By Region:
•North America
•Europe
•Asia-Pacific
•Latin America
•Middle-East & Africa

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