As stated in our extensive report; the Global Automotive Venting Membrane Market accounted forUSD 173.6 Millionin 2021.
No matter if you drive a traditional gas-powered car or an electric one, you need to take care of the electronics inside of it to ensure that it lasts as long as possible. Venting solutions with membranes are used as a crucial component to ensuring pressure equalization and a high-voltage battery pack during the vehicle's service life. One of the most important things to do to make sure weather-tight seals on a vehicle last for its entire lifespan is to provide adequate ventilation, preferably in the form of a membrane.
As a result, the market saw the introduction of automobile venting membranes. There are many kinds of vehicle venting membranes on the market, but the ones most usually used are those made of PTFE or expanded polytetrafluoroethylene (ePTFE) due to the chemical inertness, temperature tolerance and dielectric strength of PTFE.
The Global Automotive Venting Membrane Market is segmented based on Nature, Product Type, Application, and Region. Based on Nature, the market is classified into Hydrophobic, Hydrophilic, and Oleophobic. Based on Product Type, the market is segmented into PTFE and ePTFE Membranes, Polypropylene (PP) Membranes, and Other Automotive Venting Membranes. Based on Application, the Automotive Venting Membrane Market has been segmented into Electronic Control Units, Motors, Sensors, and Others. Finally, Region-wise, the Global Automotive Venting Membrane Market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
One of the main elements driving the need for Automotive Venting Membranes around the world is the growth in automotive production and vehicle parc. Therefore, Automotive Venting Membrane sales are directly tied to auto production, which is expected to be higher in emerging nations than in developed nations due to factors like increased per-capita income, improving living standards, rising urbanization, etc.
The need for vehicle ownership is being met by an increasing number of automotive industries worldwide, promoting the expansion of the Automotive Venting Membrane Market. The rise in demand for electric vehicles as a result of increased awareness of the negative impacts of high carbon emissions into the environment is accelerating the market need for Automotive Venting Membranes. The high need for the newest electronic components for greater performance and improved efficiency is influencing the rising market demand. In addition, high-end expenditures in technology breakthroughs and infrastructural upgrades, such as the installation of driver assistance systems in cars and the linked vehicle system, create a wide range of chances for market expansion.
Asia Pacificregion dominates the market
Regionally, theAsia PacificRegion is anticipated to rule the automobile venting membrane market. It is projected that emerging nations like China and India will rule the region. The demand for vehicles is expected to increase further due to the growing population and urbanization in these nations, which will increase the demand for Automotive Venting Membranes during the next years.
As stated in our extensive report, the development of technologically advanced and innovative Automotive Venting Membranes will create the opportunity for market growth.
Some of the key players in the Global Automotive Venting Membrane Market include- Membrane Solutions LLC (US), Rogers Corporation (US), Clarcor Industrial Air (US), Advantec MFS Inc. (US), Hangzhou IPRO Membrane Technology Co. Ltd. (China), Sterlitech Corporation (US), Porex Corporation (US), Sumitomo Electric Industries Ltd. (Japan), Trinity Technology Group (US) and others.