Market Overview:
The global PTFE lined tank market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for semiconductor products, water storage, and chemicals. In addition, the growing demand for PTFE lined tanks from the food and drinks industry is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. Modified PTEF offers better chemical resistance as compared with ultrahigh purity grade and hence is expected to witness high adoption rates in various end-use industries such as semiconductor and water storage over next few years. Based on application, semiconductors are anticipated account for highest share in terms revenue contribution followed by water storage applications through 2030 owing higher adoption rates across various geographies coupled with rising demand from electronics sector globally . Chemicals segment would exhibit highest CAGR over next decade due ongoing expansions undertaken by key players operating within space along with advent new product launches catering wide range industrial requirements .
Product Definition:
PTFE lined tanks are used to store or process corrosive and/or hazardous liquids, gases, and solids. The tank is lined with a continuous layer of PTFE that provides an inert barrier between the stored material and the tank's metal walls. This prevents corrosion of the tank wall and contamination of the stored material.
Ultrahigh Purity PTFE:
It has the highest molecular weight of any polymer and possesses excellent chemical resistance and thermal properties.
Modified PTFE:
Modified PTFE, also known as Metal-Oxide Modified Fluoropolymer or MoPTFE is a fluoropolymer with metal oxide coating. It has applications in the oil & gas industry for the production of high-performance fluids and gases. The product finds application in various industries including chemical processing, pharmaceuticals, food & beverage processing and others owing to its enhanced properties such as abrasion resistance, corrosion resistance along with excellent thermal barrier properties.
Application Insights:
The global PTFE lined tank market has been segmented on the basis of application into semiconductors, water storage, chemicals, petroleum gas and food and drinks among other applications such as pharmaceuticals and energy. The semiconductor application segment accounted for a major share in 2017 owing to increasing demand from various end-use industries including telecommunication sector.
Petroleum gas is expected to be the fastest growing segment over the forecast period due to rising production of natural gas liquids such as butane lpg/butylene glycol mixtures which are extensively used in manufacturing plastic components for use in drilling equipment. Growing demand for plastics with superior properties including chemical resistance is anticipated to boost product consumption over the coming years.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of more than 60% in 2017 owing to large-scale production of semiconductors, electronic devices, automobiles, and pharmaceuticals. In addition, rising demand for processed water from residential and commercial sectors is anticipated to drive product demand over the coming years.
The growing chemical industry coupled with increasing petroleum gas production in countries such as China and India are expected to augment product demand across Asia Pacific during the forecast period. Growing investments by multinational companies such as Samsung Electronics Co., Ltd.; LG Chem; Panasonic Corporation; Sony Corporation; Volkswagen Group; Honda Motor Co., Ltd.; Hyundai Motor Company Limited; Nissan Motors Inc.; among others are projected to boost PTFE lined tanks market growth across this region during the estimated time span.
Growth Factors:
- Increasing demand from end-use industries: The global PTFE lined tank market is witnessing a significant growth due to the increasing demand from various end-use industries such as chemical, food & beverage, and pharmaceuticals.
- Growing investments in R&D: The key players in the market are investing heavily in R&D to develop new and innovative products that can cater to the growing needs of the consumers. This is expected to boost the growth of the PTFE lined tank market in the coming years.
- Rising popularity of nanotechnology: Nanotechnology has emerged as one of most promising technologies across different industrial sectors owing to its unique properties such as high thermal conductivity, low friction coefficient, and superior mechanical strength. This is expected to create new opportunities for players operating in the PTFE lined tank market over the forecast period.
- Growing awareness about benefits of using PTFE tanks: There is a growing awareness among consumers about benefits associated with using PTFE tanks such as corrosion resistance, leak proofing, and longer life span which is likely to propel demand for these tanks over next few years . 5) Technological advancements: Continuous technological advancements are taking place across different industrial sectors which are resulting into introduction of novel products with better performance characteristics thereby propelling growth prospects for players operating in global PTEE lined tank market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
PTFE Lined Tank Market Research Report
By Type
Ultrahigh Purity PTFE, Modified PTFE
By Application
Semiconductor, Water Storage, Chemicals, Petroleum Gas, Food and Drinks, Pharmaceutical, Other
By Companies
Praxair S.T. Technology, Electro Chemical Engineering & Manufacturing, FISHER COMPANY, Pfaudler Group, CG Thermal, ASTON FLUOROTECH CORP, Chemours Company FC, US Coatings, Moon Fabricating Corporation, TMI Coatings, AmTech Tank Lining & Tank Repair, Flexi-Liner Corporation, G.C. Zarnas
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global PTFE Lined Tank Market Report Segments:
The global PTFE Lined Tank market is segmented on the basis of:
Types
Ultrahigh Purity PTFE, Modified PTFE
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductor, Water Storage, Chemicals, Petroleum Gas, Food and Drinks, Pharmaceutical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Praxair S.T. Technology
- Electro Chemical Engineering & Manufacturing
- FISHER COMPANY
- Pfaudler Group
- CG Thermal
- ASTON FLUOROTECH CORP
- Chemours Company FC
- US Coatings
- Moon Fabricating Corporation
- TMI Coatings
- AmTech Tank Lining & Tank Repair
- Flexi-Liner Corporation
- G.C. Zarnas
Highlights of The PTFE Lined Tank Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ultrahigh Purity PTFE
- Modified PTFE
- By Application:
- Semiconductor
- Water Storage
- Chemicals
- Petroleum Gas
- Food and Drinks
- Pharmaceutical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PTFE Lined Tank Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PTFE lined tanks are used to store and transport liquids, such as gasoline or diesel. The lining prevents the liquid from seeping through the tank and contaminating the surrounding area.
Some of the major companies in the ptfe lined tank market are Praxair S.T. Technology, Electro Chemical Engineering & Manufacturing, FISHER COMPANY, Pfaudler Group, CG Thermal, ASTON FLUOROTECH CORP, Chemours Company FC, US Coatings, Moon Fabricating Corporation, TMI Coatings, AmTech Tank Lining & Tank Repair, Flexi-Liner Corporation, G.C. Zarnas.
The ptfe lined tank market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PTFE Lined Tank Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PTFE Lined Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PTFE Lined Tank Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PTFE Lined Tank Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PTFE Lined Tank Market Size & Forecast, 2018-2028
4.5.1 PTFE Lined Tank Market Size and Y-o-Y Growth
4.5.2 PTFE Lined Tank Market Absolute $ Opportunity
Chapter 5 Global PTFE Lined Tank Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 PTFE Lined Tank Market Size Forecast by Type
5.2.1 Ultrahigh Purity PTFE
5.2.2 Modified PTFE
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PTFE Lined Tank Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 PTFE Lined Tank Market Size Forecast by Applications
6.2.1 Semiconductor
6.2.2 Water Storage
6.2.3 Chemicals
6.2.4 Petroleum Gas
6.2.5 Food and Drinks
6.2.6 Pharmaceutical
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PTFE Lined Tank Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PTFE Lined Tank Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America PTFE Lined Tank Analysis and Forecast
9.1 Introduction
9.2 North America PTFE Lined Tank Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America PTFE Lined Tank Market Size Forecast by Type
9.6.1 Ultrahigh Purity PTFE
9.6.2 Modified PTFE
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America PTFE Lined Tank Market Size Forecast by Applications
9.10.1 Semiconductor
9.10.2 Water Storage
9.10.3 Chemicals
9.10.4 Petroleum Gas
9.10.5 Food and Drinks
9.10.6 Pharmaceutical
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe PTFE Lined Tank Analysis and Forecast
10.1 Introduction
10.2 Europe PTFE Lined Tank Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe PTFE Lined Tank Market Size Forecast by Type
10.6.1 Ultrahigh Purity PTFE
10.6.2 Modified PTFE
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe PTFE Lined Tank Market Size Forecast by Applications
10.10.1 Semiconductor
10.10.2 Water Storage
10.10.3 Chemicals
10.10.4 Petroleum Gas
10.10.5 Food and Drinks
10.10.6 Pharmaceutical
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific PTFE Lined Tank Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PTFE Lined Tank Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific PTFE Lined Tank Market Size Forecast by Type
11.6.1 Ultrahigh Purity PTFE
11.6.2 Modified PTFE
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific PTFE Lined Tank Market Size Forecast by Applications
11.10.1 Semiconductor
11.10.2 Water Storage
11.10.3 Chemicals
11.10.4 Petroleum Gas
11.10.5 Food and Drinks
11.10.6 Pharmaceutical
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America PTFE Lined Tank Analysis and Forecast
12.1 Introduction
12.2 Latin America PTFE Lined Tank Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America PTFE Lined Tank Market Size Forecast by Type
12.6.1 Ultrahigh Purity PTFE
12.6.2 Modified PTFE
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America PTFE Lined Tank Market Size Forecast by Applications
12.10.1 Semiconductor
12.10.2 Water Storage
12.10.3 Chemicals
12.10.4 Petroleum Gas
12.10.5 Food and Drinks
12.10.6 Pharmaceutical
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) PTFE Lined Tank Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PTFE Lined Tank Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) PTFE Lined Tank Market Size Forecast by Type
13.6.1 Ultrahigh Purity PTFE
13.6.2 Modified PTFE
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) PTFE Lined Tank Market Size Forecast by Applications
13.10.1 Semiconductor
13.10.2 Water Storage
13.10.3 Chemicals
13.10.4 Petroleum Gas
13.10.5 Food and Drinks
13.10.6 Pharmaceutical
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PTFE Lined Tank Market: Competitive Dashboard
14.2 Global PTFE Lined Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Praxair S.T. Technology
14.3.2 Electro Chemical Engineering & Manufacturing
14.3.3 FISHER COMPANY
14.3.4 Pfaudler Group
14.3.5 CG Thermal
14.3.6 ASTON FLUOROTECH CORP
14.3.7 Chemours Company FC
14.3.8 US Coatings
14.3.9 Moon Fabricating Corporation
14.3.10 TMI Coatings
14.3.11 AmTech Tank Lining & Tank Repair
14.3.12 Flexi-Liner Corporation
14.3.13 G.C. Zarnas
