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Microfiltration Membranes Market to Grow with Increasing Product Adoption in Food and Beverages, and Industrial Wastewater Treatment
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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.
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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