PORTLAND, Oregon and PUNE, India, April 19, 2017 /PRNewswire/ --
A new report published by Allied Market Research, titled, "Membrane Microfiltration Market: Global Opportunity Analysis and Industry Forecast, 2014-2022," the global market was valued at $6,769 million in 2015, and is projected to garner $12,858 million by 2022, registering a CAGR of 9.6% from 2016 to 2022.
The cross-flow segment accounted for more than half of the market share of the global market in 2015, owing to the varied use of this filtration technique in several industries such as water & waste water treatment, pharmaceuticals & biopharmaceutical, food & beverage, hospitals & laboratories, and others. The water & waste water treatment segment accounted for more than one-third share of the global market in 2015, owing to the increase in the desalination and water recycling in the developing countries.
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By geography, Asia-Pacific dominated the global market with more than one-third share in 2015, owing to the rise in water & waste water treatment plants in the region, increase in food processing industry in the region, and growth in the manufacturing and R&D facilities of different pharmaceutical and biopharmaceutical companies in the region. In addition, there is a significant increase in the well-equipped laboratories for diagnostic purposes to meet the needs of the patients, which is expected to increase the demand for microfilters.
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KEY FINDINGS OF MEMBRANE MICROFILTRATION MARKET:
- In 2015, the cross-flow filtration mode segment accounted for half of the share of the global market.
- The organic material segment contributed the highest revenue to the global market in 2015.
- The water and waste water treatment segment is projected to grow at the fastest CAGR of 10.4% during the forecast period.
- Asia-Pacific market is projected to grow at a CAGR of 10.0% from 2016 to 2022.
The major companies profiled in the report include EMD Millipore Corporation, Koch Membrane Systems Inc., GE Water & Process Technologies, 3M Purification Solutions, Alfa Laval AB., Hyflux Ltd, Kubota Corp. Pentair plc, Danaher Corp. (Pall Corp.), and Sartorius Stedim Biotech S.A.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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SOURCE Allied Market Research