PTFE Membrane Market - Forecast(2023 - 2028)

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.

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)

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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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