Over the years, Nanofiltration membranes have witnessed large scale adoption owing to growing demand across water and wastewater treatment, food and beverages, medical and pharmaceutical industries. It is utilized across multiple industries owing to lesser energy consumption, high flux rate, and cost effectiveness in comparison to other available alternatives including reverse osmosis. Nanofiltration has the capability to remove contaminants, microorganisms, particles, monovalent ions, and multivalent ions.
The Rising demand for the low cost membrane along with ongoing industrialization and commercialization is driving the PTFE Membrane market is expected to grow at a CAGR of 11.91% to reach $29.38 Billion in 2030.
Nanofiltration is a cost competitive alternative in comparison to reverse osmosis as it uses low feeds pressure and fewer fine membranes. Therefore, the shift toward cost effective alternative, i.e., nanofiltration will boost the product demand. In addition, surging demand for expanded polytetrafluoroethylene (ePTFE) coupled with growing penetration of PTFE membrane fabrics is further complementing the industry outlook.
Industrial filtration is the major application for PTFE membranes
The industrial filtration is analyzed to hold major share in term of applications and is expected to dominate the industry in the coming years. Ongoing development across numerous industries including oil & gas, automotive, manufacturing is driving the industry share. Stringent regulations associated with extraction of fossil fuel coupled with rising demand for high quality fuel is providing impetus to the industry growth. Moreover, strict norms associated with disposal and filtration of waste water before disposing to the river bed along with growing focus toward recycling and reusing to achieve circular economy is augmenting the demand for the product.
In addition, ongoing advancements across medical stream and growing research & development activities to enhance human life expectancy is fueling the product demand. The pharmaceutical sector utilize PTFE membrane to develop medicines and conduct various human body test, which in turn is proliferating the industry dynamics.
Asia-Pacific will lead the growth in this market
In the PTFE Membranes industry, Asia Pacific region accounted for major share owing to rising population coupled with improving economic outlook across the region. The growing demand for clean water in developing countries including India, Indonesia and China is driving the industry. Furthermore, the region holds largest refineries and vast industrial base on account of easier availability of raw material and cheap labor cost, which is complementing the industry growth. The extensive industrialization along with ongoing urbanization is expected to potentially impact the industry size in the coming years.
Key Market Players
• General Electric Company
• Corning Inc.
• Donaldson Company, Inc.
• W. L. Gore & Associates, Inc.
• Merck Millipore Co.
• Pall Corporation
• Sartorius AG
• Layne Christensen Company
• Zeus Incorporation
• Markel Corporation
• Hyundai Micro Co.
• Sigma-Aldrich Co. LLC.
• Merck KGaA.
• Trinity Filtration Technologies Pvt. Ltd
Key Segment Of The PTFE Membrane Market
by Data Type, 2022-2030 (USD Million)
by Component, 2022-2030 (USD Million)
by Deployment, 2022-2030 (USD Million)
by Technology, 2022-2030 (USD Million)
• Machine Learning
• Natural-Language Processing
• Cognitive Technology
by Organization Size, 2022-2030 (USD Million)
• Large Enterprises
by Vertical, 2022-2030 (USD Million)
• Public Sector
• Energy and Utilities
• Media and Entertainment
• Transportation and Logistic
Regional Overview, 2022-2030 (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa