Global PTFE Membrane Market, By Type By Company and By Geography, and Forecast 2025
Global PTFE Membrane Market is projected to reach USD 2.89 Billion by 2023, at a CAGR of over 7% from 2018 to 2023 owing to the upsurge in the demand for PTFE membrane in the medical & pharmaceutical and water & wastewater treatment applications. Based on type, the market has been categorised into Hydrophobic PTFE Membrane and Hydrophilic PTFE Membrane. In 2017, the Hydrophobic PTFE membrane segment dominated the market owing to properties such as excellent particle retention, ease in handling and sealing, high flow rates, and filtration efficiency. Whereas, the hydrophilic PTFE membrane segment is anticipated to grow at a higher CAGR during 2018-2023, due to its demand in various applications such as medical & pharmaceutical, and chemical processing. Based on region, the PTFE membrane market has been segmented into Europe & CIS, APAC, North America, Middle East & Africa, and South America. In 2017, the APAC region led the PTFE membrane market in terms of volum...