$2.32 Billion PTFE Membrane Market by Type, Application & Region - Global Forecast to 2021 - Research and Markets
DUBLIN, April 03, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "PTFE Membrane Market - Global Forecast to 2021" report to their offering.
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 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 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. 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.
Companies Mentioned
- Corning Inc.
- Donaldson Company, Inc.
- General Electric Company
- Hyundai Micro Co., Ltd.
- Layne Christensen Company
- Markel Corporation
- Merck Millipore Co.
- Pall Corporation
- Sartorius AG
- W. L. Gore & Associates, Inc.
- Zeus Incorporation
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Macroeconomic Indicators
8 PTFE Membrane Market, By Type
9 PTFE Membrane Market, By Application
10 PTFE Membrane Market, By Region
11 Competitive Landscape
12 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/f6297c/ptfe_membrane
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