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% [https://www.transparencymarketresearch.com/membrane-microfiltration-market.html]. With this advancement, the market valuation, which was at US $1.3 billion in 2022, is forecasted to reach US $2 billion by 2031.
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Different companies have installed large wastewater treatment plants, as per the guidelines of other countries' governments. Due to strict laws and regulations related to wastewater treatment, the demand for filtration membranes has been increasing, which is a major driving force for the market.
The emergence of biosimilars is another key market driver driving the subject market. High retention depth filters are required in the sector, which surges the demand for filtration membranes. Thus, this is a key market force helping the market grow.
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Key Findings from the Market Report
-- The global membrane microfiltration market can be segmented into two
verticals: the type of material used and the applications of membranes.
Cross-flow membranes are the integral market segments that have gained
rising popularity.
-- The main reason behind this is their durability. The longer lifespan of
these membranes surges demand for the said market, thereby driving the
subject market.
-- PES membrane filters are also integral to the subject market segment.
The main reason behind this is these membranes' high flow rate and great
strength. This lowers maintenance costs, which surges demand for
long-lasting applications in the pharmaceutical industry.
-- In the PTFE membrane filters market segment, membrane versatility
generates demand in different market verticals. This creates a constant
demand for these membranes, a market-driving force for the segment.
-- Biopharmaceutical processing is the subject market segment that
constantly requires different membranes. As the medical field
continually searches for new medicines, frequent filtration is needed,
creating the demand for the market segment.
Membrane Microfiltration Market Report Scope:
Report Coverage Details Forecast Period 2023-2031 Base Year 2020-2022 Size in 2022 US$ 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
-- Biopharmaceutical Processing
-- Water Treatment
-- Dairy & Food Processing
-- Chemical
-- Others
-- North America
-- Europe
-- Asia Pacific
-- Latin America
-- Middle East & Africa
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