The market is majorly driven by the growth in the pharmaceutical industry and the increasing demand for microfiltration technologies in the food and beverage industry.
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Global microfiltration membrane market is projected to reach $4,039.3 million by 2023. Based on material type, the microfiltration membrane market has been categorized into polyethersulfone (PES), polypropylene (PP), polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), polyether ether ketone (PEEK), polyimide, cellulose, and others, where the “others” category includes polyacrylonitrile and polyethylene.
During the forecast period, the market is expected to witness the fastest growth in demand for PES membranes, with 9.4% CAGR in terms of value. PES offers high mechanical strength coupled with high impact and chemical resistance.
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Membranes made of PES have pore uniformity and offer high purification rate. These properties of PES membranes make them a preferred choice for various applications.
On the basis of filtration technology, the microfiltration membrane market has been categorized into dead-end filtration and cross-flow filtration. Cross-flow filtration technology accounted for a larger volume share, of more than 55.0%, in the market in 2017.
This can be attributed to the growth in the pharmaceutical industry, rise in the adoption of single-use technologies, and advantages of cross-flow filtration over dead-end filtration, such as higher flow and purification rates.
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.
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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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