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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:
Key Findings of the Report:
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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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