[134 Pages Report] The global ePTFE market is estimated to be valued at USD 816 million in 2019 and is projected to reach USD 1,105 million by 2024, at a CAGR of 6.2% during the same period. The demand for ePTFE is driven mainly by its growing demand in oil & gas, medical, and chemical end-use industries.
Northrook, IL -- (SBWIRE) -- 11/11/2019 -- The report "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" The ePTFE market is expected to grow from USD 816 million in 2019 to USD 1,105 million by 2024, at a CAGR of 6.2% during the forecast period. The major factors driving the ePTFE market include increasing demand from various end-use industries such as oil & gas, chemical, medical, and transportation among others.
Browse 96 market data Tables and 33 Figures spread through 134 Pages and in-depth TOC on "Expanded PTFE (ePTFE) Market - Global Forecast to 2024"
View detailed Table of Content here - https://ww
Sheets to dominate the global ePTFE market during the forecast period
The ePTFE market has been segmented based on form into sheets, tapes, membranes, fiber, and others. Among these, the sheets segment accounted for the largest share of the market in 2018. The growth in this segment is attributed to its increasing usage of sheets because it possesses excellent chemical and UV resistance, which makes it a popular sealing material in the food & beverage, aerospace, and pharmaceutical industries. These factors are expected to drive demand during the forecast period.
Gaskets to dominate the global ePTFE market during the forecast period
The ePTFE market has been segmented based on application into gaskets, filtration & separation, dielectric constant, and others. Among these applications, the gaskets segment accounted for the largest share of the market in 2018 and is likely to witness significant growth over the forecast period. The increase in this segment is attributed to its increasing usage in various end-use industries due to its excellent mechanical & physical properties and the flexible nature of ePTFE, which makes it an excellent choice for gasket application as it can be easily molded into various gasket shapes and sizes. These factors are expected to drive demand during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=247438451
APAC is expected to hold the largest market size in the global ePTFE market during the forecast period
APAC is estimated to be the leading ePTFE market during the forecast period. The growth in the APAC region can be attributed to the rising demand for ePTFE from various end-use industries such as oil & gas, chemical, medical, and transportation, among others. The presence of a robust industrial base, favorable government policies, and low labor costs are further strengthening the ePTFE market and attracting major players to invest in APAC.
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 Corporation (US), Shanghai Lanle Plastics Co., Ltd (China), are the key players operating in the ePTFE market.
EPTFE Market, by Form:
- Others ( tubes, rods)
EPTFE Market, by Application:
- Filteration & Separation
- Dielectric Constant
- Others ( packing, fuel cell membrane)
EPTFE Market, by End-Use Industry:
- Oil & Gas
- Others ( electrical & electronics, food & beverage, semiconductor, building & construction
Speak to An Expert for More Details @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=247438451
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441