Newark, NJ, May 25, 2022 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, The global PTFE Membrane market is expected to grow from USD 1.99 billion in 2019 to USD 3.63 billion by 2027, at a CARG of 7.8% during the forecast period 2020-2027. Asia-Pacific region has the largest share in the PTFE market in terms of volume and value. The countries if this region like Indonesia, China, Japan and India are the growth engines. The market of PTFE is driven by the industries like food & beverage and pharmaceutical & medical. Also, Asia-Pacifc market is predicted to register highest revenue growth. Further, North America and Europe are predicted to offer considerable growth opportunities.
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The key players of the PTFE membrane market are Corning Inc., W.L. Gore & Associated, Pall Corporation, Layne Christensen Company, Markel Corporation, General Electric Company, Donaldson Company, Marck Millipore Co., Sartorius AG, Zeus Incorporation, and Hyundai Micro Co.
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The type segment includes hydrophilic PTFE membrane and hydrophobic PTFE membrane. Hydrophobic PTFE membrane has the largest share due to its demand in many uses like medical & pharmaceuticals, chemical processing and electronic chemicals.
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