Global Expanded PTFE (ePTFE) Market: Overview

The global Expanded PTFE (ePTFE) market will see a decent growth trajectory over the forecast period of 2019 to 2027. The steady CAGR (Compound Annual Growth Rate) will chart an upward curve, creating fresh growth opportunities– something market players would hustle to make the most of. Besides, it will lead to a higher market worth.

Major factors behind the stated growth will be increasing demand in the oil and field industry. And, there is also an increase in demand from the chemical end-use and transportation industry. The properties of ePTFE such as corrosion resistance, chemical inertness and thermal stability will also contribute to the growth of global expanded PTFE market positively. It is mainly because these properties fit the bill for PTFEs use in gaskets, seals, slide plates, vessel linings, drilling parts, etc.

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Global Expanded PTFE (ePTFE) Market: Notable Development

The global expanded PTFE market is witnessing a slew of notable developments that are shaping the way market would operate over the coming years. A deep dive can be had in our upcoming report.

In 2018, Zeus Industrial Products expanded its operations in Aiken County by beginning a new facility for manufacturing. The aim seems to be tapping into growing European demand for PTSE. It also helps the company to expand footprint on the globe.

The global expanded PTFE market is slightly consolidated and prominent players in the market include 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). Players are focusing on improving their products to keep an edge over competitors.

Global Expanded PTFE (ePTFE) Market: Key Trends and Drivers

A number of factors are at play, shaping the landscape of global expanded (ePTFE) market. They are influencing how growth will market the market landscape over the period. A glimpse is shared below.

  • One of the biggest demands will be generated from the medical industry where it is used for human contact with body tissue but also in a number of medical devices. This growth in the industry is attributable to rising geriatric population, which is generating demand for both devices and human contact with tissue. It is expected that this population will be huge by 2050 – one in four people will lie in this age bracket (65 and above). Additionally, already in 2018, the number of people in the geriatric bracket surpassed the number of peopled aged 5 and below, creating history as in no other time has such a demographic shift been observed. Besides, in North America and Europe, one in four people will fall into this bracket.
  • Growth in automotive industry will be steady despite an expected slowdown. And, as it grows, so will the demand for ePTFE. Also, it is important to note here that transportation as an overarching segment is witnessing increase in demand for Expanded (PTFE). As people experience higher purchasing power and grow in number at a considerable pace, need for transportation for both goods and people will only see an upward curve.

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Global Expanded PTFE (ePTFE) Market: Geographical Analysis

The Asia Pacific region will see a high CAGR and will be the fastest growing market over the forecast period. Besides, it will account for a large share of the market growth. The growth will be attributable to increased demand from chemical, medical and transportation industries. China is already in the process if scaling up its manufacturing. Other factors of growth include increase in investment in automotive industry. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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