Microfiltration Membrane Market to Reach $4,039.3 Million by 2023 Top Key Players Include Are Asahi Kasei, Culligan International, Applied Membranes, Inc., Alfa Laval, Graver Technologies, LLC, Markel Corporation, Toray Industries, Inc., Merck Group, SUEZ

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.

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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.

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.

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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