PUNE, India, October 6, 2017 /PRNewswire/ --
According to a new market research report "PVDF Membrane Market by Type (Hydrophobic, Hydrophilic), Application (General Filtration (Aqueous & Organic), Sample Preparation, Bead-based Assays), End-use Industry (Biopharmaceutical, Food & Beverage, Industrial), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from USD 520.0 Million in 2016 to reach USD 798.4 Million by 2022, at a CAGR of 7.5% during the forecast
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Browse 62 Market Data Tables and 30 Figures spread through 122 Pages and in-depth TOC on "PVDF Membrane Market"
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Increased R&D spending by pharmaceutical and biotechnology companies and rise in government support are expected to fuel the growth of the industries. This growth in the pharmaceutical and biotechnology end-use industries is expected to drive the growth of the PVDF membrane market in the coming years. New product launches and agreements & joint ventures undertaken by the players operating in the market is expected to further fuel the growth of the market.
General filtration: the largest application segment of the PVDF membrane market in 2016
General filtration includes solvent filtration, chemical intermediates filtration, and bio-products filtration applications. Solvent filtration is a revolutionary way to purify solvents for analytical applications to obtain sterilized or purified extracts. PVDF membrane is increasingly being used in the filtration of chemical intermediates in various applications. It plays a vital role in decolorization, clarification, and demineralization of acid and corrosive solutions for recycling. PVDF membrane is also used in concentration and demineralization of dyes in acids.
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Biopharmaceutical: the largest end-use industry segment of the PVDF membrane market
PVDF membrane is one of the most widely adopted separation techniques in the biopharmaceutical industry. PVDF membrane is used in a wide range of processes, such as simple chemical synthesis as well as complex drug production in the industry.
North America: the largest market for PVDF membrane in 2016
North America was the largest market for PVDF membrane in 2016. The presence of various PVDF membrane manufacturing companies in this region, technological advancements, and product modernization in terms of quality and application development are driving the market in the region. The increasing demand for PVDF membrane from the healthcare sector is expected to further fuel the growth of the market in North America.
Major players such as Arkema (France), Merck (Germany), Koch Membrane Systems (US), Bio-Rad (US), CITIC Envirotech (Singapore), and Thermo Fisher (US) have adopted development strategies, such as expansions, agreements & collaborations, and new product developments to achieve growth in the PVDF Membrane Market.
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