Dublin, Nov. 18, 2019 (GLOBE NEWSWIRE) -- 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.
In 2018, APAC accounted for the largest share of 30.9%, in terms of value, of the global EPTFE market. The global EPTFE market is witnessing moderate growth on account of increasing applications, technological advancements, and growing demand in the APAC region. The current market growth is also owing to the high demand from various end-use industries, such as chemical, electrical & electronics, transportation, and building & construction. However, the high manufacturing cost of EPTFE acts as a restraint to the growth of the EPTFE market.
The global market for EPTFE has been dominated by players 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(US), and Shanghai Lanle Plastics Co., Ltd. (China), among others. These players have adopted various developmental strategies such as expansion and new product launch to expand their market shares.
Research Coverage
The 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.
Key Benefits of Buying the Report
- The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall ePTFE market and the sub-segments.
- This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.
- The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Expanded PTFE Market
4.2 Expanded PTFE Market, By Region
4.3 Expanded PTFE Market in APAC, By Country and Form, 2018
4.4 Global Expanded PTFE Market, By Key Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for ePTFE Gaskets From the Oil & Gas and Chemical Industries
5.2.2 Restraints
5.2.2.1 High Production Cost of ePTFE
5.2.3 Opportunities
5.2.3.1 Growing Use in Microfiltration and Venting Applications, and Medical Accessories
5.2.4 Challenges
5.2.4.1 Fluctuating Oil & Gas Prices
6 Industry Trends
6.1 Porter's Five Forces Analysis
6.1.1 Bargaining Power of Suppliers
6.1.2 Threat of New Entrants
6.1.3 Threat of Substitutes
6.1.4 Bargaining Power of Buyers
6.1.5 Intensity of Competitive Rivalry
6.2 Macroeconomic Indicators
6.2.1 Trends of Oil Production and Drilling
6.2.2 Trends of Gas Production
6.2.3 Trends and Forecast of GDP
6.2.4 Contribution of Healthcare Spending to GDP
6.3 Expanded Polytetrafluoroethylene (ePTFE) Patent Analysis
7 Expanded PTFE Market, By Form
7.1 Introduction
7.2 Sheets
7.2.1 ePTFE Sheets are Used as Sealing Materials in Various Industries
7.3 Tapes
7.3.1 The Soft and Flexible Nature of ePTFE Tapes Help Provide Seal on Irregular Surfaces
7.4 Membranes
7.4.1 ePTFE Membranes Have High Filtration Efficiency and Air Permeability
7.5 Fibers
7.5.1 ePTFE Fabrics Can Be Bonded to Many Materials Using Resins
7.6 Others
8 Expanded PTFE Market, By Application
8.1 Introduction
8.2 Gaskets
8.2.1 Increased Demand for Acoustic Insulation in the Construction Industry is Expected to Boost the Market
8.3 Filtration & Separation
8.3.1 Aerosol Sampling, Air Venting, and Gas Filtration are Among the Major Uses of ePTFE Filters
8.4 Dielectric Materials
8.4.1 Cables for High Data Rate, Power and Signal Delivery, and Capacitors are Some of the Key Uses of ePTFE-Based Dielectric Materials
8.5 Others
9 Expanded PTFE Market, By End-Use Industry
9.1 Introduction
9.2 Oil & Gas
9.2.1 ePTFE is Used in Pipe Liners, Coatings, Control Line Encapsulation, Power Cables, and Other Applications in This End-Use Industry
9.3 Chemical
9.3.1 ePTFE Prevents Contamination of Products and Maintains Purity of Processing Streams
9.4 Transportation
9.4.1 ePTFE is Used in Low Friction Applications in the Automotive Industry
9.5 Medical
9.5.1 The Applications of ePTFE are Growing in This End-Use Industry
9.6 Others
10 Expanded PTFE Market, By Region
10.1 Introduction
10.2 APAC
10.2.1 China
10.2.1.1 China is the Largest Producer of the Major Raw Materials for Fluoropolymer
10.2.2 Japan
10.2.2.1 High Growth Prospects of the Chemical Industry in the Country are Expected to Propel the Market in the Future
10.2.3 India
10.2.3.1 Increasing Demand From the Chemical Industry is Fueling the Market
10.2.4 South Korea
10.2.4.1 The Automotive Industry is One of the Key End Users of ePTFE in the Country
10.2.5 Indonesia
10.2.5.1 Urbanization is Expected to Indirectly Influence the Demand for ePTFE in the Country
10.2.6 Rest of APAC
10.3 North America
10.3.1 US
10.3.1.1 Increasing Demand From the Chemical Industry is Expected to Drive the Market
10.3.2 Canada
10.3.2.1 The Growing Chemical Industry is Boosting the Market
10.3.3 Mexico
10.3.3.1 The Country's Electronics Industry Holds Potential for Market Growth
10.4 Europe
10.4.1 Germany
10.4.1.1 As an Automotive Production Hub, Germany Witnesses Demand for ePTFE From the Country's Automotive Industry
10.4.2 France
10.4.2.1 The Chemical Industry Offers Opportunities for ePTFE Manufacturers in the Country
10.4.3 Russia
10.4.3.1 The Country's Pharmaceutical Industry is Promising for the Growth of the ePTFE Market
10.4.4 UK
10.4.4.1 The Consumption of ePTFE is Growing in the Country's Machinery Production Sector
10.4.5 Italy
10.4.5.1 The Recovery of the Country's Chemical Industry is Positive for the ePTFE Market Growth
10.4.6 Spain
10.4.6.1 Growing End-Use Industries and Economic Expansion are Driving the Market
10.4.7 Rest of Europe
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.1.1 The Petrochemical Industry is Impacting the Demand for ePTFE Positively
10.5.2 Iran
10.5.2.1 The Country has A Significant Number of Onshore Crude Oil Reserves
10.5.3 UAE
10.5.3.1 The Country is One of the World's 10 Largest Oil and Natural Gas Producers
10.5.4 Rest of Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.1.1 The Growth of the Chemical Industry is Expected to Increase the Demand for ePTFE
10.6.2 Argentina
10.6.2.1 Argentina has the Third-Largest Automobile Industry in the Region
10.6.3 Rest of South America
11 Competitive Landscape
11.1 Introduction
11.2 Market Ranking of Key Players
11.3 Competitive Scenario
11.3.1 Expansion
11.3.2 New Product Launch
12 Company Profiles
Business Overview, Products Offered, Recent Developments, SWOT Analysis
12.1 W.L. Gore & Associates, Inc.
12.2 Donaldson Company, Inc.
12.3 Teadit
12.4 Zeus Industrial Products, Inc.
12.5 Dexmet Corporation
12.6 Phillips Scientific Inc.
12.7 Rogers Corporation
12.8 Poly Fluoro Ltd.
12.9 Markel Corporation
12.10 Shanghai Lanle Plastics Co. Ltd.
12.11 Other Players
12.11.1 Wuxi Rayflon Polymer Technology Co.
12.11.2 Nitto Denko
12.11.3 Teflex Gasket
12.11.4 Sealmax
12.11.5 Sanghvi Techno Products
12.11.6 KWO Dichtungstechnik GmbH
12.11.7 Ningbo Changqi International Co. Ltd
12.11.8 Zhejiang Jiari Fluoroplastic Co. Ltd.
12.11.9 Inventro Polymers
12.11.10 International Polymer Engineering
12.11.11 Adtech Polymer Engineering
12.11.12 PAR Group
12.11.13 Avko
For more information about this report visit https://www.researchandmarkets.com/r/dejd3b
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
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
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
