Expanded PTFE (ePTFE) Market is Forecasted to Reach US$ 667 million in 2025, Says Stratview Research

The global Expanded PTFE (ePTFE) Market is projected to witness a growth rate of 6.3% annually from 2020 to 2025, with an anticipated size of US$ 667 million in 2025, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Expanded PTFE (ePTFE) Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/971/expanded-PTFE-(ePTFE)-Market.html#form

Report Highlights: `
Market Size in 2025: US$ 667 million
Growth (CAGR): 6.3% during 2020-2025
Forecast Period: 2020-2025
Trend Period: 2014-2018
Base Year: 2019
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Expanded PTFE (ePTFE) Market:
The global Expanded PTFE (ePTFE) Market is segmented by form type, application type, end-use industry type and region

Based on form type: The expanded PTFE market is segmented into sheets, tapes, membranes, fibers, and others.
Membranes are likely to remain the most dominant as well as the fastest-recovering form type in the post-pandemic market scenario, owing to their extensive usage in the medical industry for applications such as ostomy bags, hearing aids, IV infusion filters, and surgical suction filters.

Based on application type: The market is segmented into gaskets, filtration & separation, dielectric materials, and others. Filtration & Separation is likely to maintain its dominance in the market during the forecast period. The dominance is majorly due to wide usage of expanded PTFE for filtering air, water, and other particles in turbine engines, drug discovery, and bioprocessing; filtering fogs from headlights of a vehicle; and venting gas from compression packings and medical applications, such as IV filter vent and ventilation, coupled with increasing penetration of ePTFE for filtration application in various industries, such as food packaging, pharmaceuticals, and metals & mining.

Based on end-use industry type: The market is segmented into chemical, ground transportation, medical, industrial, aerospace & defense, and others. Among them, aerospace & defense and automotive are the worst affected industries due to the pandemic, whereas medical is the least affected one. The medical industry is also likely to remain the most dominant as well as the fastest-growing end-use industry type in the expanded PTFE market over the next five years.
Medical device manufacturers widely accept expandable PTFE in offering tailor-made properties with better biocompatibility than metallic biomaterials. Biocompatibility, chemically inert, and sterilizable are the three key properties of ePTFE due to which it is highly preferred for various applications in the medical industry.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/971/expanded-PTFE-(ePTFE)-Market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis North America is expected to dominate the market, holding more than 35% of the market share during the forecast period. This growth outlook is majorly attributed to the following-
• The USA is not only the largest market in North America but also in the world, owing to the presence of a large number of medical device manufacturers, aircraft OEMs, tier players, raw material suppliers, and expanded PTFE manufacturers.
• The country is also one of the most affected nations by COVID-19 with the largest number of positive cases in the world. It is also expected that the country to recover at a healthy rate, backed by the organic growth of the medical industry, expected recovery in automobile and aircraft production, and advancements in medical devices.
• Asia-Pacific is expected to be the least-declined market, followed by the fastest recovery over the next five years, propelled by an expected recovery in air passenger traffic with early recovery in domestic travel and an expected recovery in automotive production with a higher focus on adopting HEVs.
• China and India are the growth engines of Asia-Pacific's market as they are the largest markets for automotive, chemical, industrial, electrical & electronics as well as owning a considerable share in the other end-use industries.

Expanded PTFE (ePTFE) Market Drivers:
• Expected recovery in global economy
• Growing global medical devices market
• Expected recovery in commercial and regional aircraft deliveries
• Expected increase in automotive production
• Expected Recovery in chemical production

Top 10 Companies in the Expanded PTFE (ePTFE) Market:
Stratview Research has identified the following companies as the top market players:
• Compagnie de Saint-Gobain S.A.
• Donaldson Company, Inc.
• Lenzing Plastics GmbH & Co. KG
• Markel Corporation
• Nitto Denko Corporation
• Parker-Hannifin Corporation
• Rogers Corporation
• Teadit Group
• W.L. Gore & Associates, Inc.
• Zeus Industrial Products, Inc.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Expanded PTFE (ePTFE) Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Gaskets Market: https://www.stratviewresearch.com/2917/gaskets-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.