PTFE Membrane Market is projected to reach USD 2.32 Billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The increasing requirement of PTFE membranes in the medical & pharmaceutical industry and need for water & wastewater treatment fueled the growth of the PTFE membrane market.

Browse 70 market data tables and 58 figures spread through 159 pages and in-depth TOC on "PTFE Membrane Market by Type (Hydrophobic and Hydrophilic), Application (Industrial Filtration, Medical & Pharmaceutical, Textiles, Water & Wastewater Treatment, Architecture), and Region - Global Forecast to 2021".

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The varied types of PTFE membranes considered in this report are hydrophobic and hydrophilic PTFE membrane. Hydrophobic PTFE membrane is a larger type segment of PTFE membrane market, owing to properties such as inertness, thermally stability, high chemical compatibility, excellent particle retention, ease in handling and sealing, compatibility with sterilization, high flow rates, and filtration efficiency.
However, the hydrophilic PTFE membrane segment is projected to grow at a higher CAGR during the forecast period, owing to its demand in varied applications, such as chemical processing, medical & pharmaceutical, and electronic chemicals.

The varied applications of PTFE membranes include industrial filtration, medical & pharmaceutical, textiles, water & waste water treatment, architecture and others. Industrial filtration is the largest application segment of the PTFE membrane market, due to extensive use of PTFE membrane in filtration applications such as petrochemical and food & beverage. Whereas, water & wastewater treatment is the fastest-growing application segment, due to increasing water treatment projects across the globe coupled with growing water purification and treatment of industrial wastewater.

Based on region, the PTFE membrane market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is leading the PTFE membrane market in terms of volume and value, followed by North America and Europe.

High demand of PTFE membrane is witnessed in the Asia-Pacific region, owing to the increasing demand from the medical & pharmaceutical and food & beverage industries in the emerging countries such as China, Japan, and Indonesia.

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The key restraining factors in the global PTFE membrane market is the high cost of PTFE resin which is used as a raw material to produce PTFE membrane. This would induce the market players to trigger innovations in the PTFE membrane market to make these membranes more cost effective.

Moreover, companies such as, General Electric Company (U.S.), Corning Inc. (U.S.), Donaldson Company, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Merck Millipore Co. (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) are investing in R&D activities to launch new products and strengthen their positions in this market.

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