Market Overview

Global Microfiltration Membrane Market to Cross $4,039.3 Million Value by 2023: P&S Intelligence

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NEW YORK, Aug. 29, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, global microfiltration membrane market 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.

Based on material type, 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.

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On the basis of filtration technology, the microfiltration membrane market has been categorized into dead-end filtration and cross-flow filtration. Cross-flow filtration technology accounted for a larger volume share, of more than 55.0%, in the market in 2017. This can be attributed to the growth in the pharmaceutical industry, rise in the adoption of single-use technologies, and advantages of cross-flow filtration over dead-end filtration, such as higher flow and purification rates.

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.

Browse report overview With detailed TOC on "Microfiltration Membrane Market by Material Type (PES, PP, PVDF, PTFE, PEEK, Polyimide, Cellulose), by Filtration Technology (Dead-End Filtration, Cross-Flow Filtration), by Application (Semiconductor & Electronic, Oil & Gas, Dairy, Food & Beverage, Pharmaceutical, Biotechnology, Industrial Wastewater Treatment), by Geography (U.S., Canada, Germany, France, U.K., China, Japan, India, Vietnam, South Korea, Brazil, Mexico, Saudi Arabia, South Africa) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at:https://www.psmarketresearch.com/market-analysis/membrane-microfiltration-market

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. 

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 have 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.

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.

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