Expanding Pharmaceutical Industry Driving Microfiltration Membrane Market | Top Players are Asahi Kasei Corporation, Culligan International Company, Applied Membranes Inc., Alfa Laval AB, Graver Technologies LLC, Markel Corporation, Toray Industries Inc.,

In 2017, the global microfiltration membrane market reached$2,387.9 million and is predicted to generate $4,039.3 million in 2023, registering a 9.0% CAGR during the forecast period (2018-2023). The market is growing due to the expanding pharmaceutical industry, strategic developments by market players, rising demand for microfiltration technologies for industrial wastewater treatment, and increasing utilization of microfiltration technology in the food & beverage industry. A filtration technology that involves the usage of porous membrane for removing microscopic contaminants from a liquid when the liquid passes through it is referred to as microfiltration membrane.

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In terms of material type, the microfiltration membrane market is categorized into polypropylene (PP), polytetrafluoroethylene (PTFE), polyimide, polyethersulfone (PES), polyvinylidene fluoride (PVDF), polyether ether ketone (PEEK), cellulose, and others (which include polyethylene and polyacronitrile). Among these, the PVDF category dominated the market during the historical period (2013-2017), holding a share of above 35.0% in 2017, in terms of value. This was due to the extensive utilization of these membranes for the treatment of general and industrial wastewater, as they can efficiently remove contaminants from liquid streams with ease.

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The growth in the pharmaceutical industry is a major driving factor of the microfiltration membrane market. Different microfiltration membranes, such as PES, PVDF, PES, and PP, are utilized in the pharmaceutical industry as they provide excellent retention characteristic, high flow rate, and low protein binding. These advantages make these membranes suitable for the filtration of products including proteins and preservatives. The increasing investments in research & development in the fields of medicine and biotechnology are driving the pharmaceutical industry, which is further leading to the growing requirement for microfiltration membranes.

Globally, Asia-Pacific (APAC) was the largest market for microfiltration membranes and is expected to remain so in the coming years as well. The major factors driving the growth of the market in the region are increasing implementation of regulatory standards, rising need for wastewater treatment, and growing adoption of desalination methods to meet clean water needs in several regional countries. Moreover, a large number of pharmaceutical and biotechnology companies are establishing their manufacturing plants and research centers in APAC, which is further boosting the microfiltration membrane market growth in the region.

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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