Organizations within the subject market tend to use
photocatalysts. This provides better precision to membrane
filtration solutions. This helps the market to grow, as the
accuracy of the outcome is more assured.
WILMINGTON, Del., July 16,
2024 /PRNewswire/ -- The global membrane
microfiltration market is advancing sluggishly to moderately,
with a CAGR of 4.7%. With this advancement, the market
valuation, which was at US $1.3
billion in 2022, is forecasted to reach US $2 billion by 2031.
Different companies have installed large wastewater treatment
plants, as per the guidelines of other countries' governments. Due
to strict laws and regulations related to wastewater treatment, the
demand for filtration membranes has been increasing, which is a
major driving force for the market.
The emergence of biosimilars is another key market driver
driving the subject market. High retention depth filters are
required in the sector, which surges the demand for filtration
membranes. Thus, this is a key market force helping the market
grow.
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Key Findings from the Market Report
- The global membrane microfiltration market can be segmented
into two verticals: the type of material used and the applications
of membranes. Cross-flow membranes are the integral market segments
that have gained rising popularity.
- The main reason behind this is their durability. The longer
lifespan of these membranes surges demand for the said market,
thereby driving the subject market.
- PES membrane filters are also integral to the subject market
segment. The main reason behind this is these membranes' high flow
rate and great strength. This lowers maintenance costs, which
surges demand for long-lasting applications in the pharmaceutical
industry.
- In the PTFE membrane filters market segment, membrane
versatility generates demand in different market verticals. This
creates a constant demand for these membranes, a market-driving
force for the segment.
- Biopharmaceutical processing is the subject market segment that
constantly requires different membranes. As the medical field
continually searches for new medicines, frequent filtration is
needed, creating the demand for the market segment.
Membrane Microfiltration Market Report Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2023-2031
|
Base
Year
|
2020-2022
|
Size in 2022
|
US$ 1.3 Bn
|
Forecast (Value) in
2031
|
US$ 2.0 Bn
|
Growth Rate
(CAGR)
|
4.7 %
|
No. of
Pages
|
242
Pages
|
Segments
covered
|
By Material Type, By
Application, By Region
|
Regional Profile
- North America's food and
beverage industry requires extensive water filtration and
purification. The pharmaceutical and manufacturing sectors in the
region also require membranes for filtration. Due to this,
North America is significantly
contributing to the global membrane microfiltration market. It has
also been forecasted that it will be the market leader in the
upcoming decade.
- Germany, Italy, the United
Kingdom, Spain, and
France are major European
countries that create a surge for low-pressure membranes. Due to
this, they are contributing substantially to the subject market.
Furthermore, Europe is a major
shareholder in the global landscape of the subject market.
- Due to strict environmental and sanitation laws being
implemented in Asian countries, the Asia-Pacific region is also considered to
contribute substantially to the growth of the subject market.
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Key Developments in the Membrane Microfiltration
Market
- In May 2020, Filtration Group
acquired Oxyphen. This strategic move has helped the organization
to expand within the market. Due to this, a niche can be created to
exploit and gain a competitive edge in the competitive landscape of
the global membrane microfiltration market.
- In October 2020, Guo Chu
Technology introduced innovative electrolytic membranes. This
innovation helped the organization control corrosion in the
metallurgical industry. Thus, the cross-industrial approach
enhances the subject market growth.
- In January 2021, Pall Corporation
launched the Supralon hydraulic and lube oil filter element range.
This innovation helps the organization reduce energy consumption in
filtration and proves cost-effective for the business.
Competitive Landscape
Some key players have created a decisive niche within the global
membrane microfiltration market. Due to their strong presence,
fierce competition can be seen in the subject market.
- Pall Corporation is a key market player, producing a wide range
of air breathers, backwash filters, cabin air filters, ceramic
filters, and many more.
- Merck KGaA is another key player that operates in the
healthcare sector, life science, and electronics market. It offers
filtration solutions for small-scale labs and large-scale medical
testing units. Further, it also produces semiconductors and other
display solutions.
Key Players
- Pall Corporation (Sub. Of Danaher)
- Alfa Laval AB
- Merck KGaA
- CITIC Envirotech Ltd.
- 3M
- Parker Hannifin Corporation
- Lydall Inc.
- Koch Membrane Systems Inc.
- GEA Group AG
- Synder Filtration Inc.
Market Segmentation
Material Type
- Cross Flow Membranes
- PES Membrane Filters
- PP Membrane Filters
- PVDF Membrane Filters
- PTFE Membrane Filters
- PEEK Membrane Filters
- Polyimide Membrane Filters
- Cellulose Membrane Filters
- Direct Flow Membranes
-
- PES Membrane Filters
- PP Membrane Filters
- PVDF Membrane Filters
- PTFE Membrane Filters
- PEEK Membrane Filters
- Polyimide Membrane Filters
- Cellulose Membrane Filters
Application
- Biopharmaceutical Processing
- Water Treatment
- Dairy & Food Processing
- Chemical
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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