Track etched Membrane Market by Product (Membrane Filter, Capsule & Cartridge Filter, Cell Culture Insert), Material (Polycarbonate, Polyimide), Application (Cell Biology, Microbiology, Analytical testing, Automotive), End User - Global Forecast to 2023
“Rising application in nanotechnology and the increasing R&D spending in the pharmaceutical & biopharmaceutical industries are driving the market”
The track etched membrane market is projected to reach USD 813.1 million by 2023 from USD 476 million in 2018, at a CAGR of 11.3% during the forecast period. The growth of the pharmaceutical R&D expenditure is expected to be one of the major factors driving the growth of this market during the forecast period. Moreover, the collaborative application of nanotechnology and track etching is expected to increase the adoption of track etched membranes in various applications, such as healthcare, fuel cells, telecommunications, and transportation.
“The membrane filters segment is projected to witness the highest growth during the forecast period”
The membrane filters segment is expected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to its increasing utilization in fractionation processes such as cell harvesting, solvent extraction, sterilizing, final filtration, sample preparation, filtration of aqueous & organic solutions, fluid monitoring, venting & gas filtration and fermentation broth clarification
“The polyimide material segment is expected to grow at the highest CAGR during the forecast period”
The polyimide material segment is expected to grow at the highest CAGR during the forecast period. The adoption of polyimide track etched membranes is expected to increase during the forecast period, owing to its excellent physical, electrical, and mechanical properties at both low and high temperature.
“Asia Pacific to witness the highest growth during the forecast period”
The track etched membrane market in Asia Pacific is expected to witness the highest growth during the forecast period (2018 to 2023). The growth of the pharmaceutical industry, increasing investments by the multinational companies in the region, and increasing concerns over product quality and compliance with international manufacturing standards are driving the growth of this market.
Break of primary participants from supply side was as mentioned below:
By Company Type - Tier 1-45%, Tier 2-40% and Tier 3-15%
By Designation - C Level-41%, Director Level-30%, Others-29%
By Region - North America-41%, Europe-30%, Asia Pacific-20%, Rest of the World-9%
Key players operating in the global track etched membrane are GE Healthcare (US), Danaher (US), Corning (US), Merck (Germany), it4ip (Belgium), Sterlitech (US), Oxyphen (Switzerland), Sarstedt (US), BRAND GMBH (Germany), Sartorius (Germany), SABEU (Germany), Zefon International (US), GVS (Italy), Thermo Fisher Scientific (US), Eaton (Ireland), Greiner Bio-One (Austria), MACHEREY-NAGEL (Germany), Avanti Lipids Polar (US), SKC (US), Advantec (Canada), Avestin (Canada), CHMLAB (Spain), Scaffdex (Finland), and Graver Technologies (US).
The report analyzes the track etched membrane market and aims at estimating the market size and future growth potential of this market based on various segments such as product, material, application, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, SWOT, and key market strategies.
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This report provides insights into the following pointers:
Market Penetration: Comprehensive information on product portfolios offered by the top players in the global track etched membrane market
Product Launch/Innovation: Detailed insights on new product launches in the global track etched membrane market
Market Development: Comprehensive information on the lucrative emerging markets by product, material, application, end user, and region
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global track etched membrane market
Competitive Assessment: In-depth assessment of growth strategies, product offerings, and capabilities of leading players in the global track etched membrane market