Expanded PTFE (ePTFE) Market Insights
Expanded PTFE (ePTFE) Market is likely to witness an impressive CAGR of 6.2% during the forecast period. The major factor that is contributing to the growth of the ePTFE market is the increase in its demand in the major end-use industries, such as oil & gas, medical, and chemical sectors.
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Expanded PTFE (ePTFE) Market - Snapshot
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Growth
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6.2% for the next five years
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Major Form Type
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Sheets
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Dominant End-Use Industry Type
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Oil & Gas
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Region with the highest demand
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Asia-Pacific
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Key Players
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W.L. Gore & Associates, Inc., Donaldson Company, Inc.,
Teadit Group, Zeus Industrial Products, Inc., Dexmet Corporation,
Phillips Scientific Inc., Rogers Corporation, Poly Fluoro Ltd.,
Markel Corporation, and Shanghai Lanle Plastics Co., Ltd.
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Market Share Analysis
Expanded PTFE (ePTFE) Market Share: By Form Type
Based on the form type, the market is segmented as sheets, tapes, membranes, fibers and others. The sheets segment held the largest share of the market in 2019, and is expected to rule the market during the forecast period as well. The dominance of this segment is attributed to its excellent chemical and UV resistance properties, which widely increases its usage as a sealing material in various end-use industries.
Expanded PTFE (ePTFE) Market Share: By Application Type
Based on the application type, the market is segmented as gaskets, filtration & separation, dielectric materials and others. The gaskets segment accounted for the largest share of the market in 2019, and is expected to govern the market during the forecast period as well. The growth of this segment is owing to its flexible nature, which makes it easier to be cut, sealed irregularly and rough surfaces reducing cold flow. Its resistance to high temperature and chemicals is an add-on to its growth.
Expanded PTFE (ePTFE) Market Share: By End-Use Industry Type
Based on the end-use industry type, the market is segmented as oil & gas, chemical, transportation, medical and others. The oil & gas industry dominates the market, owning to the different properties of ePTFE such as thermal stability, chemical resistance and corrosion resistance, which make it best suited to be used in vessel linings, seals, spacers, gaskets, plain bearings, gears, pipes, slide plates and drilling parts.
Expanded PTFE (ePTFE) Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for expanded PTFE (ePTFE) during the forecast period, with China, Japan, India, South Korea and Indonesia being the major countries with lucrative growth opportunities. The growth of the market is boosted by the increasing usage of ePTFE in various end-use industries, such as chemical, oil & gas, medical, and others. China, Japan, India, and South Korea are providing immense opportunities to the market due to the presence of a large manufacturing sector and the growing construction industry. North America is expected to hold the second-largest market position followed by Europe during the forecast period.
Some of the major ePTFE manufacturers are-
- W.L. Gore & Associates, Inc.
- Donaldson Company, Inc.
- Teadit Group
- Zeus Industrial Products, Inc.
- Dexmet Corporation
- Phillips Scientific Inc.
- Rogers Corporation
- Poly Fluoro Ltd.
- Markel Corporation
- Shanghai Lanle Plastics Co., Ltd.
Market Scope & Segmentation
Expanded PTFE stands for expanded polytetrafluoroethylene membranes. They are tensile and highly dynamic materials with 100% coatings of fluoropolymers that are chemical, fire, water and UV-resistant as well. They have high flexibility with low-maintenance and great disperser of daylight, which owes it to a number of commercial applications that require light to penetrate the membrane.
Expanded PTFE is mostly suitable for applications comprising extreme temperature and chemicals. Increasing requirement for e-PTFE membrane in wastewater management is also expected to boost the growth of the market.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Expanded PTFE (ePTFE) Market Research Report - Features
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Market Segmentation
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4
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The expanded PTFE (ePTFE) market is segmented into the following categories.
Expanded PTFE (ePTFE) Market Size, Share, & Forecast, by Form Type:
- Sheets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Tapes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Membranes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Fibers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Expanded PTFE (ePTFE) Market Size, Share, & Forecast, by Application Type:
- Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Filtration & Separation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Dielectric Materials (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Expanded PTFE (ePTFE) Market Size, Share, & Forecast, by End-Use Industry Type:
- Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Expanded PTFE (ePTFE) Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the form types by end-use industry type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
