PTFE Membranes Market worth $2.4 billion by 2025 | Key Players include Pall, Cytiva, W.L. Gore, Merck Millipore, Corning

According to recent market research "PTFE Membrane Market by Type (Hydrophobic and Hydrophilic), Application (Industrial Filtration, Medical & Pharmaceutical, Textiles, Water & Wastewater Treatment, Architecture), and Region - Global Forecast to 2025", The global PTFE membranes market size is estimated at USD 1.8 billion in 2020 and is projected to reach USD 2.4 billion by 2025, at a CAGR of 6.0%.

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PTFE membrane is a high-performance thermoplastic with good chemical resistance, high heat resistance, low coefficient of friction, and good fatigue resistance. These membranes which are naturally hydrophobic, with excellent chemical resistance and have a natural tendency to repel water due to low surface tension. Hydrophobic PTFE membranes can sustain a high temperature range between 49°F (120°C) to 127°F (260°C). Due to these properties, they are mainly used in applications such as industrial filtration, medical & pharmaceutical, architecture, textile, water & wastewater treatment, and others.

The industrial filtration segment is the largest application of PTFE membranes. Stringent laws related to air and water for controlling pollution across the globe have increased the use of filters in industries. This has resulted in the increased use of PTFE membranes for liquid and gas filtration in industries. Environmental regulations in countries such as the US, Germany, India, and China are contributing to the growth of this market.

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The global PTFE membranes market size is estimated at USD 1.8 billion in 2020 and is projected to reach USD 2.4 billion by 2025, at a CAGR of 6.0. The demand for PTFE membranes is increasing, owing to the growing growing oil & gas and chemical industries and stringent regulations pertaining to emission and treatment of municipal and industrial wastes.

The increase in demand for EPTFE membranes in medical accessories, microfiltration and venting applications and also increasing demand for treated water in emerging economies are expected to create opportunities for manufacturers during the forecast period. The key players in the PTFE membranes market include Pall (US), Cytiva (US), W.L. Gore (US), Merck Millipore (US), Corning (US), Donaldson (US), Saint Gobain (France), Markel (US), Sartorius (Germany), and Hyundai Micro (South Korea). The PTFE membranes market report analyzes the key growth strategies, such as new product launch, investment & expansion, and merger & acquisition adopted by the leading market players between 2016 and 2020.

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GCP Applied Technologies (US) one of the largest manufacturer of construction products globally. The company is among the key players in the PTFE membranes market. The company believes in sustainability for creating value. Its strategy is focused on mergers and acquisitions, and expansions to expand its global reach and strengthen its competitiveness in the global PTFE membranes market. For instance, in 2020, the company is building a new 7,360 square meter facility in Grens, Switzerland for the manufacturing of single-use kits. This facility will meet global regulatory requirements and is expected to be fully operational in 2022. Furthermore, The company expanded its PTFE membrane product offerings by acquiring the GE Healthcare Life science from General Electric Company (US) in April 2020.

Merck Millipore (US) is one of the leading players in PTFE membranes market. In July 2020, The company majorly focuses on investment & expansion strategy. The company announced an investment of USD 21.23 million to build a laboratory facility in Buchs, Switzerland, to support its rapidly growing material business. This will help to continue to drive innovation and expand the R&D of analytical standards. With this expansion, the company is gearing up to become a world-scale manufacturer of PTFE membrane, which is used for major applications, such as pharmaceuticals, and industrial filtration.

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