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Global Expanded PTFE (ePTFE) Market to Grow at a CAGR of 6.3% During the Forecast Period of 2022-2027, Aided by Application of ePTFE Gaskets in End-Use Industries

According to a new report by EMR titled, ‘Global Expanded PTFE (ePTFE) Market Report and Forecast 2022-2027’, the global expanded PTFE (ePTFE) industry attained a value of about USD 919.95 million in 2021. The market is further expected to grow at a CAGR of 6.3% during the forecast period of 2022-2027 to reach approximately USD 1,327.28 million by 2027.

The various applications of ePTFE, including gaskets, filtration and separation, and dielectric products, are generating robust growth opportunities for expanding PTFE in various end-use industries like healthcare, chemical, and oil and gas. ePTFE-made gaskets significantly contribute to the industry growth due to their use in process piping and equipment in chemical, pulp, paper, food, and beverage, among others, requiring resistance against highly aggressive chemicals. Expanded PTFE gaskets are ideal for steel flanges and flanges with irregular surfaces and can withstand a temperature of approximately 240-degree celsius. In addition, gaskets made from ePTFE materials offer high chemical resistivity. Moreover, they are highly flexible and elastic, making them favourable for applications in various industries and driving industry growth.

One of the leading companies in the ePTFE industry, Trinity Technology Group (TTG, Inc.), has recently announced a new line of medical products made from expanded PTFE in May 2021. Aided by the company’s substantial polymer engineering technology, the CELLATAX line of microporous expanded PTFE (ePTFE) membranes, tapes, and laminated textiles are designed for varied medical applications. Owing to the material’s biocompatibility and low surface energy and chemical resistance, it is suitable for medical applications in implantable devices and dental applications. In addition, physical properties like flexibility, tenacity, hydrophobicity, tunable permeability, and high dielectric strength make ePTFE favourable and safe for medical devices. Furthermore, as the product is being manufactured in the United States of America, it is anticipated to generate robust demand from the region. Such favourable factors and the presence of key industry players are augmenting the market growth of ePTFE.

Market Analysis by Form, Application, End-Use, and Region:

  • On the basis of form, the market can be divided into sheets, tapes, membranes, and fibres, among others.
  • Based on application, the market can be categorised into gaskets, filtration and separation, and dielectric materials, among others. 
  • Based on end-use, the market classifications include oil and gas, chemical, transportation, and medical, among others. 
  • The regional markets for expanded PTFE (ePTFE) are North America, Latin America, Europe, the Asia Pacific and the Middle East and Africa.

Key Findings of the Report:

  • The industry is being driven by the deployment of ePTFE in implantable medical devices due to the material's flexibility. 
  • Expanded PTFE films to vent, filter, and protect medical devices like hearing aids, ostomy bags, and IV infusion devices augment market growth.
  • ePTFE tubes for storing biological fluids, including blood and bile, are driving the market due to biocompatibility and chemically inert properties.
  • The ePTFE industry is likely to be augmented by manufacturing water-resistant, inflammable, and chemically inert garments for sports garments and the chemical industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the expanded PTFE (ePTFE) industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for forms, applications, end-uses, and major regions of expanded PTFE.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global expanded PTFE (ePTFE) market are W. L. Gore & Associates, Inc., Donaldson Company, Inc., Zeus Industrial Products, Inc., Dexmet Corporation, and Rogers Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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