Global Polytetrafluoroethylene (PTFE) Membrane Market 2019-2023
About this market
Industrial growth in emerging countries will drive the growth of the market. There has been a growing focus on domestic manufacturing in several emerging countries to meet the growing internal demand for industrial and consumer goods to reduce the dependence on imports. Rising public and private investment in the industrial sector will boost the demand for PTFE membranes as they are commonly used in manufacturing industries. Technavio’ s analysts have predicted that the polytetrafluoroethylene (PTFE) membrane market will register a CAGR of over 7% by 2023.
Growing importance of wastewater recycling and water reuse
Owing to growing population and urbanization the demand for wastewater recycling and reuse is increasing rapidly. Water consumption along with wastewater generation are rapidly increasing owing to improving standard of living of people. Thus, the growing demand for wastewater treatment chemicals is expected to drive the growth of the global PTFE membrane market.
Price fluctuation in global PTFE membrane market
Price is a major factor that determines the use of materials in the end users industry. It decides the feasibility of the products. The price of the PTFE membrane are directly dependent on its manufacturing cost. The price fluctuation will thus hinder the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the polytetrafluoroethylene (PTFE) membrane market during the 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several companies including Corning Inc. and Danaher the competitive environment is quite intense. Factors such as the industrial growth in emerging countries and growing importance of wastewater recycling and water reuse, will provide considerable growth opportunities to polytetrafluoroethylene (PTFE) membrane system manufactures. Corning Inc., Danaher, Donaldson Company Inc., General Electric, Merck KGaA, and W. L. Gore & Associates Inc. are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Polytetrafluoroethylene (PTFE) Membrane Market 2019-2023
Technavio recognizes the following companies as the key players in the global polytetrafluoroethylene (PTFE) membrane market: Danaher, Donaldson Company Inc., General Electric, Merck KGaA, and W. L. Gore & Associates Inc.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing penetration of expanded PTFE.”
According to the report, one of the major drivers for this market is the growing importance of wastewater recycling and water reuse.
Further, the report states that one of the major factors hindering the growth of this market is the price fluctuation in global PTFE membrane market.
Donaldson Company Inc.
W. L. Gore & Associates Inc.