Industry Background:
Membrane microfiltration systems are a traditional technology, that is used for centrifugal separation, an evaporation process, and a coagulation process. It provides important benefits such as efficiency, sustainability, and product quality. Several advantages of using the membrane microfiltration systems, namely product quality, increased separation capacity, smaller footprint, lower risk factor, and generally lower chemical usage. An increase in purchasing capability by the consumers for various premium products and efficiency offered by membrane microfiltration technologies are some of the major drivers which are propelling the growth of the market.
According to AMA Research, the market for Membrane Microfiltration is expected to register a CAGR of 7.8% during the forecast period to 2027. This growth is primarily driven by Rapidly Growing Dairy Industry
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | Value (USD Million) |
Key Companies in Study | Asahi Kasei (Japan), Toray (Japan), Mitsubishi Rayon (Japan), Koch Membrane System (United States), Suez Water Technologies & Solutions (France), Toyobo (Japan), KUBOTA (Japan), Sumitomo Electric Industries (Japan), Evoqua (United States) and X-Flow (Pentair) (The Netherlands) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Asahi Kasei (Japan), Toray (Japan), Mitsubishi Rayon (Japan), Koch Membrane System (United States), Suez Water Technologies & Solutions (France), Toyobo (Japan), KUBOTA (Japan), Sumitomo Electric Industries (Japan), Evoqua (United States) and X-Flow (Pentair) (The Netherlands) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Repligen Corporation acquired Polymem Corporation, a hollow fiber technology company. The acquisition of Hollow Fiber Technologies strengthens the company's ability to produce hollow fiber membranes and modules and adds industrial and bioprocessing expertise to hollow fiber technology.
In 2021, H2O Innovation Inc. recently announced that it was able to complete the opening of a plant for its Iowa-based customer. With this first North American project, the company has demonstrated the necessary technical expertise and market access to provide direct replacement solutions. The experience gained from this project will put H2O Innovation in a good position to meet future market demands.The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth
Market Drivers
- Rapidly Growing Dairy Industry
- Regulations for Water Safety and Microfiltration
- Efficiencies Offered By Microfiltration Membrane Technologies
Market Trend
- Rising Demand for Premium Products
- Emerging Technologies in the Microfiltration Membrane Field
Restraints
Opportunities
Increasing Instances of Waterborne Diseases and Growth Potential in Asian and Middle Eastern Markets
Challenges
Lack of Awareness About the Advantages of Microfiltration Membrane
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Membrane Microfiltration Study Sheds Light on
The Membrane Microfiltration Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Membrane Microfiltration industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Membrane Microfiltration industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.