Polytetrafluoroethylene (ePTFE) Market Scope| Share, Growth, Future Trends 2027
The pursuit of consumer satisfaction has been driving the scramble of numerous industries towards innovation, which has also taken the packaging industry by storm. As the industry operates amid stringent environmental regulations, consistent research and development activities are introducing competent materials to foster innovation in the space.
According to the study, sales of ~ 27 thousand tons worth of ePTFE were recorded in 2018, which corresponded to a value of ~ US$ 360 million, owing to its key value proposition of being lightweight as compared to its traditional equivalents, PTFE. In recent times, as manufacturers step up their innovation competencies, improvement in fabric texture has led to the development of high quality athletic gear. Ease of manufacturing via injection molding of fine-powdered PTFE will further balance the demand-supply scale.
With the penetration of poly-vents, blips on the radar of the packaging industry – fluid leakage, misaligned pallets, ruined labels, and deformation of containers – are diminishing on account of the increasing quality gradient of these membranes. The trend of 'custom manufacturing' further offers a leeway to manufacturers to widen the application scope of electronic poly-vents for the development of cabinet housings, power supplies, and memory storage. However, the emergence of PTFE poly-vents added a new dimension to the wide plane of existing applications, owing to the flexibility, robustness, and non-resilience that polymer has to offer.
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Shift from PTFE Poly-Vents to ePTFE Poly-Vents – Multiplying the Growth Tangents for Poly-Vents
Polytetrafluoroethylene (PTFE) has come a long way since the time of its evolution in 1958, owing to its enormous potential of application in numerous end-use industries. As the quest for efficient coating continues for ensuring protection against harsh substances, PTFE poly-vents have been gaining traction in the chemical industry. Besides the chemical industry, the effective application of PTFE poly-vents as a lubricant in the automotive industry has been surging to bridge the demand-supply gap.
With the future being reliant on green technology, lithium-ion battery packs developed using PTFE poly-vents are poised to find extensive application in the automotive and transportation industries. However, the volatile prices of PTFE have been acting as a bottleneck to its adoption, which offers leeway to expanded Polytetrafluoroethylene (ePTFE) to make headways towards the manufacturing of poly-vents to up the quality notch with its improved features and durability.
Sensing the immense potential of ePTFE poly-vents and endeavors of manufacturers towards optimizing its competency and looking beyond the existing scope of applications, Transparency Market Research (TMR), in its recent study, measures the leap made by ePTFE market, with focus on poly-vents, during the forecast period of 2019-2027, which will serve as an instrument to further intensify the manufacturing of poly-vents and draw growth tangents.
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Key Questions Answered
This detailed report authored by our seasoned analysts aims at resolving the key concerns regarding the growth of the ePTFE market. This detailed guide offers salient answers to the questions concerning stakeholders of the ePTFE market. Some of the key questions answered in this exclusive guide include:
- What is the consumption scenario of ePTFE in terms of volume and value during the forecast period?
- What are the key drivers influencing the growth of the ePTFE market?
- How will the ePTFE market evolve during the forecast period?
- What are the key challenges and threats restraining the growth of the ePTFE market?
- What are the macroeconomic and microeconomic factors shaping the growth of the ePTFE market?
- Which end-use industries will remain key contributor in terms of value and volume during the forecast period?