Global Expanded PTFE (EPTFE) Market Growth, Analysis, Key Players, Outlook, Report, Forecast 2023-2028
The new report by Expert Market Research titled, ‘Global Expanded PTFE (ePTFE) Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global expanded PTFE (ePTFE) market. It provides an assessment of the market based on its key segments like form, applications, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Expanded PTFE (ePTFE) Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 919.95 million
• Forecast CAGR (2023-2028): 6.3%
• Forecast Market Size (2028): USD 1,327.28 million
Expanded PTFE or ePTFE is applied in chemical pipe flanges to achieve a truer seal by smoothening any bumps and ridges even in pipes, thus aiding the market. In addition, ePTFE gaskets are crucial in oil and gas refineries to facilitate continual thermal cycling. Hence, the thriving oil and gas industry is driving the demand for ePTFE.
Meanwhile, the rising demand for medical devices from healthcare units owing to the rising rates of hospitalisation is further boosting the demand for the product and the overall expanded PTFE (ePTFE) market.
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At a regional level, the Asia Pacific accounts for a significant share in the market owing to the growing expansion of the healthcare and electronics industries. Moreover, the easy availability of labour in India and China is anticipated to provide impetus to the market during the forecast period.
Expanded PTFE (ePTFE) Industry Definition and Major Segments
Expanded PTFE (ePTFE) is defined as a fluoropolymer of tetrafluoroethylene that goes through an expansion process to form sheets, tapes and membranes, among others. It is a synthetic material that is chemically resistant and has high linear strength.
The material is watertight at low pressure and exhibits great radial expansion and resistance to UV radiation. Owing to its permeable properties, ePTFE is utilised in medical devices and electronic insulators, among others.
On the basis of form, the market can be segmented into:
Based on application, the expanded PTFE (ePTFE) market is bifurcated into:
• Filtration and Separation
• Dielectric Materials
The significant end uses of expanded PTFE (ePTFE)in the market are:
- Oil and Gas
The regional markets for expanded PTFE (ePTFE)include:
- North America
• Latin America
• Middle East and Africa
• Asia Pacific
Expanded PTFE (ePTFE) Market Trends
The key trends in the expanded PTFE (ePTFE) market include the increasing expansion of the manufacturing facilities of the major ePTFE manufacturers. The surging inclination towards fluoropolymers with high mechanical strength and versatility in the transportation sector is also anticipated to fuel the market.
Furthermore, the increasing production of electrical insulators, which is attributable to the technological advancements in the electronics and electrical industry, is anticipated to augment the market growth of expanded PTFE (ePTFE). With the growing use of expanded PTFE in the medical and oil and gas industries, among others, the market is likely to witness a healthy growth in the forecast period.
Key Market Players
The major players in the expanded PTFE (ePTFE) market are:
- W. L. Gore & Associates, Inc
- Donaldson Company, Inc
- Zeus Industrial Products, Inc
- Dexmet Corporation
- Rogers Corporation
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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