Global is projected to reach $4,039.3 million by 2023. The market is majorly driven by the growth in the pharmaceutical industry and the increasing demand for microfiltration technologies in the food and beverage industry. the microfiltration membrane market has been categorized into polyethersulfone (PES), polypropylene (PP), polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), polyether ether ketone (PEEK), polyimide, cellulose, and others, where the “others” category includes polyacrylonitrile and polyethylene. During the forecast period, the market is expected to witness the fastest growth in demand for PES membranes, with 9.4% CAGR in terms of value. PES offers high mechanical strength coupled with high impact and chemical resistance.
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The microfiltration membrane market has also been categorized into semiconductor and electronic, oil and gas, dairy, food and beverage, pharmaceutical, biotechnology, industrial wastewater treatment, and other applications. The “others” category includes solvent recovery, and metal and catalyst recovery. The fastest growth in the market during the forecast period is expected in pharmaceutical application.
Pharmaceutical is one of the largest application areas of microfiltration membranes, and the industry is expected to continue witnessing growth in the coming years. Witnessing the industry’s potential, leading pharmaceutical companies are investing heavily in R&D to yield better returns. Membranes used in the pharmaceutical industry, such as PES, PP, and PVDF, offer excellent retention characteristic, low protein binding, and high flow rate, which make them suitable for the filtration of products such as preservatives and proteins, thus driving the microfiltration membrane market growth for the application.
APAC was the largest market for microfiltration membranes during the historical period, accounting for more than 30.0% revenue in 2017. The demand for clean water in countries such as India and China has increased at a rapid pace in recent years, creating the need for wastewater management in the form of recycling. Industrial wastewater recycling involving the use of cross-flow and dead-end filtration technologies is extensively being carried out in the region to make the water fit for reuse.
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Continuous developments in various industries in emerging economies are expected to create ample growth opportunities for the players in the microfiltration membrane market. In densely populated countries such as India and China, the demand for purified water is on the rise, which, in turn, is creating the need for microfiltration technologies for purification applications. This has propelled governmental organizations in these countries to expand their water treatment plant capacities in order to cater to the growing demand for clean water. For instance, in September 2016, Commitment, Reliability, Innovation (C.R.I.) launched a 1,080-horse power pump for sewage and wastewater treatment in India.
Some of the major players operating in the global microfiltration membrane market are Asahi Kasei Corporation, Culligan International Company, Applied Membranes Inc., Alfa Laval AB, Graver Technologies LLC, Markel Corporation, Toray Industries Inc., Koch Membrane Systems Inc., Merck Group, 3M Company, SUEZ, and Danaher Corporation.
Source : P&S Intelligence
The microfiltration membrane market has also been categorized into semiconductor and electronic, oil and gas, dairy, food and beverage, pharmaceutical, biotechnology, industrial wastewater treatment, and other applications. The “others” category includes solvent recovery, and metal and catalyst recovery. The fastest growth in the market during the forecast period is expected in pharmaceutical application.
Pharmaceutical is one of the largest application areas of microfiltration membranes, and the industry is expected to continue witnessing growth in the coming years. Witnessing the industry’s potential, leading pharmaceutical companies are investing heavily in R&D to yield better returns. Membranes used in the pharmaceutical industry, such as PES, PP, and PVDF, offer excellent retention characteristic, low protein binding, and high flow rate, which make them suitable for the filtration of products such as preservatives and proteins, thus driving the microfiltration membrane market growth for the application.
APAC was the largest market for microfiltration membranes during the historical period, accounting for more than 30.0% revenue in 2017. The demand for clean water in countries such as India and China has increased at a rapid pace in recent years, creating the need for wastewater management in the form of recycling. Industrial wastewater recycling involving the use of cross-flow and dead-end filtration technologies is extensively being carried out in the region to make the water fit for reuse.
Request to get the report sample pages: https://www.psmarketresearch.com/market-analysis/membrane-microfiltration-market/report-sample
Continuous developments in various industries in emerging economies are expected to create ample growth opportunities for the players in the microfiltration membrane market. In densely populated countries such as India and China, the demand for purified water is on the rise, which, in turn, is creating the need for microfiltration technologies for purification applications. This has propelled governmental organizations in these countries to expand their water treatment plant capacities in order to cater to the growing demand for clean water. For instance, in September 2016, Commitment, Reliability, Innovation (C.R.I.) launched a 1,080-horse power pump for sewage and wastewater treatment in India.
Some of the major players operating in the global microfiltration membrane market are Asahi Kasei Corporation, Culligan International Company, Applied Membranes Inc., Alfa Laval AB, Graver Technologies LLC, Markel Corporation, Toray Industries Inc., Koch Membrane Systems Inc., Merck Group, 3M Company, SUEZ, and Danaher Corporation.
Source : P&S Intelligence
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