Global $1.1Bn Expanded PTFE (ePTFE) Market by Form, Application, End-use Industry & Region - Forecast to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 18, 2019--
The “Expanded PTFE (ePTFE) Market by Form (Sheets, Tapes, Membranes, Fibers), Application (Gaskets, Filtration & Sepration, Dielectric Constant), End-Use Industry (Oil & Gas, Chemical, Medical, and Transportation), and Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The global EPTFE market size is projected to reach USD 1,104.7 million by 2024, at a CAGR of 6.2% between 2019 and 2024.
This report covers the ePTFE market based on form, application, end-use industry, and region. This study aims at estimating the size and future growth potential of the market across various segmentation types. It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.
The ePTFE market comprises major solution providers, such as W.L. Gore & Associates, Inc. (US), Donaldson Company, Inc. (US), Teadit (Austria) Zeus Industrial Products, Inc. (US), Dexmet Corporation (US), Phillips Scientific, Inc. (US), Rogers Corporation (US), Poly Fluoro Ltd (India), Markel Corporation (US), Shanghai Lanle Plastics Co.Ltd (China). The study includes an in-depth competitive analysis of these key players in the ePTFE market, with their company profiles, recent developments, and key market strategies.
Increasing demand from oil & gas and chemical end-use industries to drive the overall growth of the ePTFE market.
at a CAGR of 6.2%. The ePTFE market is driven by various factors, such as increasing demand from chemical, oil &gas, and transportation industries. The growth of these industries is anticipated to further propel the growth of the market over the forecast period. However, the high manufacturing cost of ePTFE is likely to hinder the growth of the market.
Gaskets segment to drive the global market during the forecast period
The ePTFE market has been segmented based on application into gaskets, filtration & separation, dielectric constant, and others. Among these applications, the gaskets segment accounted for the largest share of the market over the forecast period. The market growth in this segment is attributed to its flexible nature, which makes it a useful sealing material in bolted flange joints in pipelines, hydraulic systems, and pneumatic systems. These factors are expected to drive demand during the forecast period.
Oil & gas segment expected to hold the largest market share during the forecast period
The oil & gas segment is growing rapidly owing to the various properties of ePTFE, including chemical inertness, thermal stability, and corrosion resistance make it suitable for use in vessel linings, seals, gaskets, spacers, plain bearings, gears, pipes, slide plates, and drilling parts. These factors are expected to drive the demand for polyurethane in paints & coatings application.
APAC is expected to record the highest growth rate during the forecast period
APAC is expected to have the highest growth rate during the forecast period due to the increasing usage of ePTFE in various end-use industries such as oil & gas, chemical, medical, and transportation, among others. China, India, Japan, and South Korea provide enormous opportunities for the ePTFE market due to the presence of a large manufacturing sector and growing construction industry. On the other hand, North America is projected to hold the second-largest market size during the forecast period.
- Increasing Demand for ePTFE Gaskets From the Oil & Gas and Chemical Industries
- High Production Cost of ePTFE
- Growing Use in Microfiltration and Venting Applications, and Medical Accessories
- Fluctuating Oil & Gas Prices
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)
- W.L. Gore & Associates, Inc.
- Donaldson Company, Inc.
- Zeus Industrial Products, Inc.
- Dexmet Corporation
- Phillips Scientific Inc.
- Rogers Corporation
- Poly Fluoro Ltd.
- Markel Corporation
- Shanghai Lanle Plastics Co. Ltd.
- Wuxi Rayflon Polymer Technology Co.
- Nitto Denko
- Teflex Gasket
- Sanghvi Techno Products
- KWO Dichtungstechnik GmbH
- Ningbo Changqi International Co. Ltd
- Zhejiang Jiari Fluoroplastic Co. Ltd.
- Inventro Polymers
- International Polymer Engineering
- Adtech Polymer Engineering
- PAR Group
For more information about this report visit https://www.researchandmarkets.com/r/srssqs
View source version on businesswire.com:https://www.businesswire.com/news/home/20191118005355/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/18/2019 04:54 AM/DISC: 11/18/2019 04:54 AM