The new report by Expert Market Research titled, ‘Global Poly-Vent Market Report and Forecast 2021-2026’, gives in-depth analysis of the global poly-vent market, assessing the market based on its segments like material type, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026):
- Forecast CAGR (2021-2026): 4.5% (Global ePTFE(Polytetrafluoroethylene) Market)
Temperature changes can cause pressure changes, which increases the sealing stress and causes container deformation. The key driving forces behind the poly-vent sector are these parameter shifts. Poly-vents are in high demand because, in addition to ventilation, they can provide filtration for a variety of applications. Technological advances in non-ventilated enclosures, on the other hand, can stymie the growth of the poly-vent market.
Industry Definition and Major Segments
Poly-vents are membranes made of polymeric materials such as polypropylene with perforated glass fibre reinforcement or ePTFE (Polytetrafluoroethylene). The materials used in poly-vents should allow for a constant flow of air while also regulating the pressure within the product. Electrical components such as control units, sensors, actuators, and motors benefit from poly-vents because they are more reliable and last longer.
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Based on material type, the poly-vent market can be divided into:
The poly-vent market can be broadly categorised based on end-use into:
- Chemicals and Cleaners
- Electronics and Electricals
- Food and Beverages
Based on region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
A change in temperature can result in a pressure change, which raises the sealing stress and causes container deformation. The demand for poly-vents is driven by these changes in parameters. Poly-vents are in high demand because, in addition to venting, they can provide filtration in a number of applications. Poly-vents market growth may be hampered by innovations in enclosures that do not need venting. Poly-vents allow containers and enclosures to breathe while filtering out pollutants and other liquids, reducing condensation. Poly-vents reduce risk in packaging that needs protection from temperature and pressure changes. Because of its wide variety of applications, the poly-vents market is expected to grow significantly in the coming years. Electronic poly-vents for memory storage devices, power supplies, and cabinet housings are also custom manufactured by the company. Due to the increased need for container deformation prevention, the poly-vents market is expected to develop significantly over the forecast period. Regulations imposed by the FDA on the use of food-grade materials and other regulations are causing poly-vents to be used less in food applications. In North America, the poly-vents market is expected to rise at a moderate pace. The poly-vents market is expected to grow significantly over the forecast period, owing to the fast-growing flexible packaging industry in India and China, as well as the demand for protective packaging solutions.
Key Market Players
The major players in the market are Polyglass S.p.A, L. Gore & Associates, Inc., Interstate Specialty Products, Porex Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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