Microfiltration Membranes will Reach US$ 1.8 Billion by 2027 – Exclusive Report by MarketsandMarkets™

Microfiltration Membranes will Reach US$ 1.8 Billion by 2027 - Exclusive Report by MarketsandMarkets™
Browse 422 market data Tables and 47 Figures spread through 296 Pages and in-depth TOC on “Microfiltration Membranes Market”
Microfiltration Membranes Market by Type (Fluorinated Polymers, Cellulosic, Polysulfones, Ceramic), Filtration Mode, Applications (Water Treatment, Food & beverage, Biopharmaceutical Processing, Chemical) & Region

The microfiltration membranes market size is projected to reach USD 1.8 billion by 2027 from USD 1.2 billion in 2022, at a CAGR of 8.9% during the forecast period. The overall increase in demand for microfiltration membranes in emerging regions such as Asia Pacific, South America, and Middle East & Africa is driving the global microfiltration membrane market. The government regulations pertaining to water & wastewater treatment are driving the growth of the microfiltration membranes market.

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Based on application, the microfiltration membranes market is segmented into water treatment, biopharmaceutical processing, food & beverage, chemical, and others. Water treatment which includes municipal water treatment as well as industrial water treatment is the largest segment and is also projected to grow at the fastest rate during the forecast. The increasing awareness about wastewater treatment, and rising water scarcity is driving the demand of microfiltration membranes in the water treatment industry. Additionally, stringent government regulations pertaining to wastewater treatment are supporting the growth of microfiltration membranes market. 

APAC is the largest market for microfiltration membranes. This large market share is primarily attributed to increasing demand for microfiltration membranes in emerging economies, such as China, and India. Moreover, growth in population, increasing urbanization rate, and growth in industrialization, and government initiatives to attract business investments in various industries including food & beverage, pharmaceuticals, chemicals, and others are also driving the market for microfiltration membranes in the region. Asia pacific also has a large number of developing countries, and water scarce regions which is also driving the microfiltration membranes market in the region.

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The key players in the microfiltration membranes market include SUEZ (France), Merck KGaA (Germany), Sartorius AG (Germany), Koch Separation Solutions (US), Hydranautics (US), Pall Corporation (US), 3M (US), Pentair (UK), Asahi Kasei Corporation (Japan), and Toray Industries Inc. (Japan). The microfiltration membranes market report analyzes the key growth strategies, such as new product launches, investment & expansion, agreement & collaboration, and mergers & acquisitions adopted by the leading market players between 2019 and 2022. 

SUEZ was the largest player in the microfiltration membranes market in 2021. The company has a broad product portfolio for microfiltration membranes market to a wide range of end users. The company has design and manufacturing expertise to develop innovative products in the water management and water treatment sector. SUEZ has a strong global presence across regions including Europe, Asia Pacific, North America, South America, and Middle East & Africa. SUEZ is focusing on increasing its market share by adopting several organic and inorganic strategies, such as product development, investment & expansion, agreement, merger, and acquisition, to expand its customer base in developing countries and enhance its competitiveness. For instance, in October 2019, SUEZ planned to expand its manufacturing capacity for membranes. This move will help the company address the growing demand for membrane technologies in the water sector. The company acquired GE Water & Process Technologies in 2017, which has further strengthened its global footprint. 

Merck KGaA is another leading player in the microfiltration membranes market. The company provides membrane solutions, including microfiltration membranes, through its life science business segment. The company focuses on R&D to develop innovative products. The company adopts organic strategies such as investments and expansions to strengthen its presence. For instance, in October 2020, it announced to increase the production capacity of Millipore Express membranes. This move will help the company meet the increasing demand in the growing biopharmaceutical market.

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