HOME Research Insight New Product Launch is the key Growth Strategy Adopted by these leading PTFE Membrane market

New Product Launch is the key Growth Strategy Adopted by these leading PTFE Membrane market

The PTFE membrane market was valued at USD 1.49 Billion in 2015, and is projected to reach USD 2.32 Billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The increasing use of PTFE membranes for water filtration and waste water management and acceptance of PTFE membrane in the medical & pharmaceutical industry are expected to drive the market for PTFE membrane.

The report analyzes the key growth strategies adopted by the market players between 2011 and 2016. General Electric Company (U.S.), Corning Inc. (U.S.), Donaldson Company, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Merck Millipore Co. (U.S.), Pall Corporation (U.S.), Sartorius AG (Germany), Layne Christensen Company (U.S.), Zeus Incorporation (U.S.), Markel Corporation (U.S.) and Hyundai Micro Co., (South Korea) are the leading players in the PTFE membrane market.

New product launch is the key growth strategy adopted by these leading market players to strengthen their positions in the PTFE membrane market. This strategy accounted for a share of 66.7% of all the growth strategies adopted by market players.

W. L. Gore & Associates, Inc. (U.S.) is one of the key players operating in the PTFE membrane market. The company manufactures cartridge PTFE membrane, PTFE membrane filter bag, and membrane filter sock and tube. The company also manufactures hydrophobic as well as hydrophilic types of PTFE membranes. The company adopted new product launch as its key strategy. In April 2016, the company launched Low Drag Filter Bags. This innovative product is used in fume and fine powder applications. Similarly, in February 2012, the company introduced PTFE membrane in HDPE cartridge filters, which are used to manufacture high-purity chemicals for semiconductor and LCD/FPD fabrication.

Pall Corporation (U.S.) is another key market player in filtration, separation, and purification products businesses. The company manufactures PTFE membranes through its life sciences segment that accounted for 52.1% of its total revenue in 2015. The company adopts new product development and acquisition to maintain its market share. The company adopted strategies, such as new product developments and mergers & acquisitions. For instance, in July 2015, Pall Corporation announced to introduce 10 nm XpressKleen filter manufactured from PTFE resin for wet chemical processing to reduce metal contamination.

Related Reports:

PTFE Membrane Market by Type (Hydrophobic and Hydrophilic), Application (Industrial Filtration, Medical & Pharmaceutical, Textiles, Water & Wastewater Treatment, Architecture), and Region - Global Forecast to 2021

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