PTFE Membrane Market - Forecast(2023 - 2028)

Report Code: CMR 30328 Report Format: PDF + Excel

PTFE Membrane Market Overview

The PTFE Membrane Market size is projected to reach US$3.5 billion by 2027, after growing at a CAGR of 7.6% during the forecast period 2022-2027. PTFE membrane is a high-molecular-weight fluoropolymer consisting of carbon and fluorine. Filters are strong and resistant to acids, bases and solvents and stable at high temperatures. These filters are chemically compatible with strong acids and the most aggressive solvents such as alcohols. The rising automotive sector is driving the PTFE membrane market growth, it is utilized as a venting membrane for automotive systems applications. The growing medical & healthcare industry is anticipated to drive the demand for PTFE membrane in vents, as a coating on catheters and sensors from fluids are used for protecting equipment and other applications. Moreover, the increasing requirement for PTFE membranes in the foods and beverages industry for separation and filtration of food and beverage during their production process is anticipated to upsurge the growth of the PTFE membrane industry in the forecast period. The global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in consumer electronics, textiles, automotive and other end-use industries all across the world, which had a significant impact on the growth of the PTFE membrane market size.

Report Coverage

The “PTFE Membrane Market Report – Forecast (2022 - 2027)” by Industry ARC, covers an in-depth analysis of the following segments in the PTFE membrane industry.

By Type: Hydrophobic Membranes, Hydrophilic Membranes and Oleo-phobic Membranes
By Application: Filtration, Venting, Packaging and Others
By End-Use Industry: Water Treatment, Foods & Beverages, Medical & Healthcare, Textile & Apparel, Electrical & Electronics, Automotive (Passenger Vehicles (PV), Light Commercial Vehicles (LCV), Heavy Commercial Vehicle (HCV)) and Others
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (the Middle East and Africa)

Key Takeaways

  • The Asia Pacific region dominates the PTFE Membrane market owing to the rising growth in the foods & beverages industry. For instance, in February 2022, TH Group commenced the development of the Thai Binh food processing factory in the northern province of Thai Binh's Quynh Ph district in Vietnam. The overall cost of the project reached up to VND 620 billion (US$27 million) and aims at producing fresh, clean and completely natural food products.
  • Rapidly rising demand for PTFE Membrane in the medical & healthcare industry in vents, sensors from fluids, for protecting equipment and other applications, has driven the growth of the PTFE membrane market.
  • The increasing demand for PTFE Membrane in the automotive sector, due to its usage as a venting membrane for automotive systems applications, has been a critical factor driving the growth of the PTFE membrane market in the upcoming years.
  • However, the high manufacturing price of PTFE Membrane can hinder the growth of the PTFE membrane market.

Figure: Asia-Pacific PTFE Membrane Market Revenue, 2021-2027 (US$ Billion)

PTFE Membrane Marke

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PTFE Membrane Market Segment Analysis – by Type

The Hydrophobic membranes segment held the largest PTFE Membrane Market share in 2021 and is expected to grow at a CAGR of 7.8% during 2022-2027. The hydrophobic PTFE membrane type is the most extensively utilized PTFE membrane due to its various physical characteristics such as chemical & abrasion resistance, high porosity, particle retention, high filtration efficiency, convenience in handling and high flow rates. The hydrophobic PTFE membranes are widely used in filtration applications due to their exhibit properties and are naturally hydrophobic. These are extensively used in aqueous solution and gas filtration applications in various end-use industries such as food & beverage, medical & pharmaceutical and other industries. Thus, the exhibited characteristics of hydrophobic PTFE membranes make them a preferred choice over the other membrane types, which is driving its segmental growth.

PTFE Membrane Market Segment Analysis – by End-use Industry

The medical and healthcare industry held the largest PTFE Membrane Market share in 2021 and is expected to grow at a CAGR of 8.1% during 2022-2027. The rise in the aging population and advancements in medical devices will increase the usage of PTFE membranes, such as in vents on IV filters and spike vents, sensors from fluids and contamination, as a coating on catheters, for protecting equipment and other applications. The medical and healthcare sector is growing, for instance, according to International Trade Administration, in Mexico, the total local production of medical devices and equipment increased from US$16.80 billion in 2020 to US$15.12 billion in 2021. Additionally, according to the U.S. Food & Drug Administration, in 2022, the government announced a US$5 million increase towards the improvement in the safety and security of medical devices. Thus, with the growing demand for medical applications such as devices and other equipment in the medical and healthcare industry, the PTFE membranes market would further rise over the forecast period.

PTFE Membrane Market Segment Analysis – by Geography

Asia-Pacific region dominated the PTFE Membrane Market share by 43% in the year 2021, due to the increasing requirement for PTFE membranes in developing countries such as China, Japan, India and South Korea. China, India and Taiwan are expected to continue their dominance in the PTFE membranes market during the forecast period, in applications such as vents on IV filters, as a coating on catheters, for protecting equipment and other applications. This is due to the growth of the medical & healthcare industries in the countries. For instance, according to International Trade Administration, in China, the medical device market is expected to expand by a 2020-2025 CAGR of 6.2%, which should see it rise to US$38.4 billion by 2025. Moreover, according to Invest India, the medical device sector is growing steadily at a CAGR of 15% over the last 3 years and the medical devices industry in India is poised for significant growth with the market size expected to reach US$50 billion by 2025. Thus, the rising growth in the demand for medical devices in the medical & healthcare sector is proving to be a market booster for the PTFE membrane market size in this region.

PTFE Membrane Market Drivers

Increasing Foods and Beverages Industry:

In the foods and beverages industry, PTFE Membranes are used for liquid treatment processing. PTFE membrane is a fluoropolymer made up of carbon and fluorine and is utilized in the separation and filtration of food and beverage during their production process. The foods and beverages industry is growing, for instance, in May 2021, Bunge Loders Croklaan, invested more than EUR300 million (US$346.5 million) to build a new sustainable food processing facility in Amsterdam, Netherlands, which is estimated to be completed by the end of 2024. Also, in India, in 2022, PepsiCo announced an investment of US$23.2 Million in the expansion of the Mathura food processing facility. Moreover, the food & beverage market of South Korea is expected to reach US$99.28 billion by 2024, witnessing a CAGR of 3.9% according to the British Chamber of Commerce in Korea. Thus, with the growth of the foods and beverages sector, the demand for PTFE membranes for filtration and separation processes will increase and in turn, the market for PTFE membranes will further rise over the anticipated period.

Growing Automotive Industry:

In the automotive industry, PTFE Membranes are a fluoropolymer consisting of fluorine and are utilized as a venting membrane for automotive systems applications and can offer reliable protection from dirt, dust, water and automotive fluids. The automotive industry is growing, for instance, according to the European Automobile Manufacturers' Association (ACEA), in 2021. Some 79.1 million motor vehicles were produced around the world, an increase of 1.3% compared to 2020. Also, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in the USA, the production of motor vehicles increased from 62,39,401 units in 2020 to 68,57,182 units in the year 2021. Moreover, in Austria, motor vehicle production increased from 86,300 units in 2020 to 92,000 units in the year 2021. With the increasing production of automobiles, it is estimated that in the upcoming years the requirement for PTFE membranes in the automotive industry will rise. This would boost the growth of the PTFE membranes industry.

PTFE Membrane Market Challenge

High Manufacturing Price of PTFE Membrane:

The major raw material utilized for the production of PTFE Membrane is PTFE. PTFE costs recently have been rising continuously owing to the shutdown of various Chinese and European manufacturing units. China is the world’s largest PTFE manufacturer and the production of low-cost Chinese products in the global market is followed by rising prices on PTFE producers in other countries. Import duties are being imposed by various countries, including India, on Chinese PTFE products. Other factors affecting the PTFE cost are the prices of its raw materials such as fluorspar, the changing regulatory environment and the demand and supply gap. The fluctuating cost of PTFE is hindering the market growth by increasing the manufacturing price of PTFE membranes. Thus, the high manufacturing price of PTFE membranes will create hurdles for the market's growth.

PTFE Membrane Market Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies players adopt in the PTFE membrane markets. The top 10 companies in the PTFE membrane market are:

  1. Pall
  2. Cytiva
  3. W.L. Gore
  4. Merck Millipore
  5. Corning
  6. Donaldson
  7. Saint Gobain
  8. Markel
  9. Sartorius
  10. Hyundai Micro

Recent Developments

  • In January 2020, Cytiva announced to build a new 7,360 square meter facility in Grens, Switzerland for the production of single-use kits made up of PTFE membrane and the facility is expected to be fully operational in 2022.
  • In July 2020, Merck Millipore announced an investment of US$21.23 million to build a laboratory facility in Buchs, Switzerland, to support its rapidly growing material business of PTFE membrane, to continue to drive innovation and expand the R&D of analytical standards.
  • In November 2019, W.L. Gore launched Gore Low Drag Filter Bags made up of PTFE membrane, for use in pulse-jet carbon black manufacturing operations. This will help in providing sustainable and low-cost ownership solutions for reverse-air carbon black operations.

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1. PTFE Membrane Market - Market Overview
    1.1 Definitions and Scope
2. PTFE Membrane Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Geography
3. PTFE Membrane Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. PTFE Membrane Market - Startup Companies Scenario Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. PTFE Membrane Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. PTFE Membrane Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. PTFE Membrane Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. PTFE Membrane Market – by Type (Market Size - US$ Million/Billion)
    8.1 Hydrophobic Membranes
    8.2 Hydrophilic Membranes
    8.3 Oleo-phobic Membranes
9. PTFE Membrane Market - by Application (Market Size - US$ Million/Billion)
    9.1 Filtration
    9.2 Venting
    9.3 Packaging
    9.4 Others
10. PTFE Membrane Market - by End-use Industry (Market Size - US$ Million/Billion)
    10.1 Water Treatment
    10.2 Foods & Beverages
    10.3 Medical & Healthcare
    10.4 Textile & Apparel
    10.5 Electrical & Electronics
    10.6 Automotive
        10.6.1 Passenger Vehicles (PV)
        10.6.2 Light Commercial Vehicles (LCV)
        10.6.3 Heavy Commercial Vehicle (HCV)
    10.7 Others
11. PTFE Membrane Market - by Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 the USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 the UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 the Netherlands
        11.2.6 Spain
        11.2.7 Belgium
        11.2.8 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 the Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. PTFE Membrane Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. PTFE Membrane Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share at Country Level - Major companies
    13.4 Market Share by Key Geography - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product - Major companies
14. PTFE Membrane Market – Key Company List by Country Premium Premium
15. PTFE Membrane Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
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LIST OF TABLES

1.Global PTFE Membrane Market By Type Market 2019-2024 ($M)
2.Global PTFE Membrane Market By Type Market 2019-2024 (Volume/Units)
3.North America PTFE Membrane Market By Type Market 2019-2024 ($M)
4.South America PTFE Membrane Market By Type Market 2019-2024 ($M)
5.Europe PTFE Membrane Market By Type Market 2019-2024 ($M)
6.APAC PTFE Membrane Market By Type Market 2019-2024 ($M)
7.MENA PTFE Membrane Market By Type Market 2019-2024 ($M)

LIST OF FIGURES

1.US Ptfe Membrane Market Revenue, 2019-2024 ($M)
2.Canada Ptfe Membrane Market Revenue, 2019-2024 ($M)
3.Mexico Ptfe Membrane Market Revenue, 2019-2024 ($M)
4.Brazil Ptfe Membrane Market Revenue, 2019-2024 ($M)
5.Argentina Ptfe Membrane Market Revenue, 2019-2024 ($M)
6.Peru Ptfe Membrane Market Revenue, 2019-2024 ($M)
7.Colombia Ptfe Membrane Market Revenue, 2019-2024 ($M)
8.Chile Ptfe Membrane Market Revenue, 2019-2024 ($M)
9.Rest of South America Ptfe Membrane Market Revenue, 2019-2024 ($M)
10.UK Ptfe Membrane Market Revenue, 2019-2024 ($M)
11.Germany Ptfe Membrane Market Revenue, 2019-2024 ($M)
12.France Ptfe Membrane Market Revenue, 2019-2024 ($M)
13.Italy Ptfe Membrane Market Revenue, 2019-2024 ($M)
14.Spain Ptfe Membrane Market Revenue, 2019-2024 ($M)
15.Rest of Europe Ptfe Membrane Market Revenue, 2019-2024 ($M)
16.China Ptfe Membrane Market Revenue, 2019-2024 ($M)
17.India Ptfe Membrane Market Revenue, 2019-2024 ($M)
18.Japan Ptfe Membrane Market Revenue, 2019-2024 ($M)
19.South Korea Ptfe Membrane Market Revenue, 2019-2024 ($M)
20.South Africa Ptfe Membrane Market Revenue, 2019-2024 ($M)
21.North America Ptfe Membrane By Application
22.South America Ptfe Membrane By Application
23.Europe Ptfe Membrane By Application
24.APAC Ptfe Membrane By Application
25.MENA Ptfe Membrane By Application
26.General Electric Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Pall Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Corning Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Merck Millipore Co., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Layne Christensen Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Markel Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sartorius AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Zeus Incorporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)