Sales of Membrane Filters Market is Slated to Expand at Around 9.3% CAGR by 2025

The global 𝐦𝐞𝐦𝐛𝐫𝐚𝐧𝐞 𝐟𝐢𝐥𝐭𝐞𝐫𝐬 market was valued at US$ 28,134.4 Mn in 2016. It is expected to expand at a CAGR of 9.3% from 2017 to 2025 and reach an estimated value of US$ 61,801.9 Mn by 2025, according to a new report published by Transparency Market Research (TMR). The report states that rise in scarcity of drinking water in Asia and Europe due to high growth of population and increase in consumption of membrane filters in the transportation industry, especially aviation and aerospace, are the major factors propelling the growth of membrane filters market, and the trend is expected to continue during the forecast period. Western Europe and the Asia Pacific are likely to account for a major share of the global membrane filters market in the near future as key companies based in these regions are adopting sensible pricing and proficient marketing strategies.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=46170

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐮𝐬𝐞 𝐨𝐟 𝐦𝐢𝐜𝐫𝐨𝐟𝐢𝐥𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐡𝐞𝐚𝐥𝐭𝐡 𝐜𝐚𝐫𝐞 𝐚𝐧𝐝 𝐛𝐢𝐨𝐩𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐭𝐨 𝐛𝐨𝐨𝐬𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐠𝐫𝐨𝐰𝐭𝐡

In terms of technology, the microfiltration segment accounted for approximately 32.1% share of the global membrane filters market in 2016. Technological advancement and rise in consumption of microfiltration in the healthcare and biopharmaceutical industry and in clinical laboratories by scientists and health care professionals are the key factors expected to fuel the growth of the microfiltration segment during the forecast period. Ultrafiltration is another high growth segment of the membrane filters market due to rise in its demand from the food & beverages and vaccine production industries.

𝐖𝐚𝐭𝐞𝐫 & 𝐰𝐚𝐬𝐭𝐞𝐰𝐚𝐭𝐞𝐫 𝐭𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐛𝐨𝐨𝐬𝐭 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐦𝐞𝐦𝐛𝐫𝐚𝐧𝐞 𝐟𝐢𝐥𝐭𝐞𝐫𝐬

Based on application, the environmental segment held the leading share of the membrane filters market in 2016. Increase in use of membrane filters in water & wastewater treatment, high population growth, scarcity of pure water, and high demand for membrane filters in the countries of Asia Pacific, such as India and China are the major factors driving the growth of the environmental application segment. Moreover, rapid urbanization and industrial expansion are also propelling the demand for wastewater treatment. Urban population in East Asia and Pacific region stood at 1.3 billion in 2016 and is expected to grow rapidly. Urban dwellers consume around three times more water compared to their rural counterparts. Hence, increase in urbanization poses a serious threat to the water resources of the region. Extensive use of membrane filters in the oil & gas and transportation industries, especially aerospace & aviation, is another major reason boosting the demand for membrane filters in industrial processes. Among applications, the aerospace & aviation segment is expected to account for 24.92% share of the market, while the oil & gas segment is likely to constitute 23.8% share by 2025. The water & wastewater treatment segment held a major share of the market in 2016 and is anticipated to grow rapidly during the forecast period at a CAGR of around 10.0% from 2017 to 2025.

𝐏𝐨𝐥𝐲𝐞𝐭𝐡𝐞𝐫𝐬𝐮𝐥𝐟𝐨𝐧𝐞 (𝐏𝐄𝐒) 𝐦𝐞𝐦𝐛𝐫𝐚𝐧𝐞𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐝𝐫𝐢𝐯𝐞 𝐦𝐞𝐦𝐛𝐫𝐚𝐧𝐞 𝐟𝐢𝐥𝐭𝐞𝐫𝐬 𝐦𝐚𝐫𝐤𝐞𝐭

In terms of material, the polyethersulfone (PES) membranes segment constituted a major share of the global membrane filters market. Extensive use of PES membranes in the healthcare industry for monoclonal antibodies and vaccine production and for protein separation are the major factors driving the segment. Cellulose-based membranes are also highly preferred due to their intrinsic properties, such as, hydrophilicity, high porosity, and good polymer flexibility, which are beneficial in water treatment plants for reverse osmosis.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=46170<ype=S

𝐓𝐡𝐞 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐞𝐱𝐩𝐨𝐧𝐞𝐧𝐭𝐢𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐨𝐟𝐟𝐞𝐫 𝐭𝐡𝐞 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐢𝐧𝐜𝐫𝐞𝐦𝐞𝐧𝐭𝐚𝐥 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲

In terms of value, Europe led the global membrane filters market, accounting for more than 36.2% share in 2016. Recent innovations in the field of membrane filtration are supporting the growth of the membrane filters market in Europe. Several associations, organizations, and societies are actively engaged in the expansion and implementation of membrane technology in various industries, including pharmaceutical, chemical, environmental, and food. Organizations such as the European Desalination Society (EDS) and the European Membrane House (EMH) promote the use of membrane filters in universities, companies, research institutes, and government agencies. In addition, high demand from municipal and industrial sectors for ultra-pure water is likely to drive the growth of the membrane filters market in Europe further.

The Asia Pacific is expected to be a rapidly growing market for membrane filters during the forecast period. It held the second leading position in terms of market share in 2016. The Asia Pacific, being home to more than 50% of the total global population, represents a highly lucrative market for membrane filters. High population growth, shortage in purified drinking water, and frequent droughts are the main factors which drive the membrane filters market in the region. In addition, rapid urbanization, rising disposable income in countries such as India, China, and Japan, and acceptance of membrane filter technologies by the government for wastewater treatment, food & beverage industry, and by healthcare professionals are estimated to boost the market during the forecast period.

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐬𝐮𝐜𝐡 𝐚𝐬 𝐓𝐡𝐞 𝐃𝐨𝐰 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐚𝐧𝐝 𝐏𝐚𝐥𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐥𝐢𝐤𝐞𝐥𝐲 𝐭𝐨 𝐥𝐞𝐚𝐝 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐞𝐦𝐛𝐫𝐚𝐧𝐞 𝐟𝐢𝐥𝐭𝐞𝐫𝐬 𝐦𝐚𝐫𝐤𝐞𝐭

The report also profiles leading players operating in the global membrane filters market, such as, The Dow Chemical Company, Pall Corporation, Sartorius AG, 3M, Amazon filters, Advantec MFS, Inc., Koch Membrane Systems Inc., GE Healthcare, Merck Millipore, Novasep, and TriSep Corporation (Microdyn-Nadir US, Inc.). Easy commercial availability of membrane filters, well-established distribution channels, and ample supply capability are the major factors that play an important role in determining the leading market position of these players. Furthermore, acquisitions, collaborative agreements with other companies, and business divestiture are the key strategies usually adopted by these players to secure and strengthen their position in the market. Pall Corporation was the leading player in the global membrane filters market in 2016 due to its judicious product pricing, competent marketing strategies, a large number of customer service hubs and onshore distribution centers, implementation of inside and outside sales force distribution model, and wide geographical reach.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐔𝐫𝐢𝐧𝐚𝐫𝐲 𝐂𝐚𝐭𝐡𝐞𝐭𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.einpresswire.com/article/576040433/urinary-catheters-market-size-is-expected-to-reach-us-5-1-billion-and-growing-at-4-5-cagr-by-2028

𝐃𝐍𝐀 𝐓𝐞𝐬𝐭 𝐊𝐢𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2022/04/13/2421920/0/en/DNA-Test-Kits-Market-to-Cross-US-2-7-Bn-Mark-by-2030-TMR-Report.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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