The global PTFE membranes market size is estimated at USD 1.8 billion in 2020 and is projected to reach USD 2.4 billion by 2025, at a CAGR of 6.0. The demand for PTFE membranes is increasing, owing to the growing growing oil & gas and chemical industries and stringent regulations pertaining to emission and treatment of municipal and industrial wastes.

Based on application, the industrial filtration to be the largest consumer of PTFE membranes.

The industrial filtration segment is the largest application of PTFE membranes. Stringent laws related to air and water for controlling pollution across the globe have increased the use of filters in industries. This has resulted in the increased use of PTFE membranes for liquid and gas filtration in industries. Environmental regulations in countries such as the US, Germany, India, and China are contributing to the growth of this market.

Download PDF Brochure At https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243714287

Based on region, APAC is estimated to lead the PTFE membranes market in 2020.

APAC is estimated to be the largest and the fastest-growing PTFE membrane market during the forecast period. The growth of the market in this region is primarily attributed to the rapidly growing population, urbanization, and industrialization. The growing demand from the food & beverage processing, medical & pharmaceuticals, and water & wastewater treatment is playing a crucial role in fueling the market for PTFE membrane in APAC. Implementation of strict regulations regarding water treatment & industrial wastewater discharge is also expected to drive the PTFE membrane market in the region.

COVID-19 impact on Global PTFE Membranes Market

The PTFE membranes are used in various industries such as chemical, oil & gas, food & beverages, wastewater treatment, textile and others. COVID-19 has severely impacted these industries.

• The lockdown in various countries and logistical restrictions have adversely impacted the industries. Supply chain disruptions, workforce unavailability, logistical restrictions, limited availability of components, demand drop, low company liquidity, and shutdown of manufacturing due to lockdown in various countries have adversely affected the industry. Raw material suppliers and other related businesses are forced to re-evaluate their strategies to cater to this industry during this crisis period.
• Due to lockdown, many food & beverage processing industries, textile, and water & wastewater treatment industries activities are halted. The companies are taking precautions to avoid the spread of the virus. Governments of different countries are keeping a close watch on the disruption and taking every necessary step to mitigate the impact of COVID-19 by promoting food processing. For instance, The UAE has tripled its local food production and is aiming to increase domestic production of essential items, such as dairy products, cooking oil, and packaging of dates, fresh poultry, fish, seafood, and other items.
• Even where shutdowns have not been imposed, restrictions on the movement of people and supplies have delayed operations. In the second half of 2020, countries have lifted restrictions and gradually started business operations in various sectors. Even after the lifting of lockdown, it will be challenging for PTFE membrane manufacturers to get back to normal working situations. This will subsequently affect the PTFE membrane market.

Read More Insights At https://www.marketsandmarkets.com/ResearchInsight/ptfe-membrane-market.asp