The Asia-Pacific, Middle East and Africa macrofiltration market in the pharmaceutical sector is expected to grow at a faster pace, since these are used for the antibiotic separation process and to enhance synthesis reaction conversion. Moreover, the increase in sales of generic medicines, the rise in growth of the pharmaceutical industry in emerging economies such as India and China, developments in medical infrastructure, and the surge in demand for low-cost drugs are some of the factors that contribute toward the growth of the pharmaceutical sector. As the pharmaceutical sectors of China, India, and Japan are witnessing growth, the requirement for macrofiltration is expected to increase notably.
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The increase in usage of macrofiltration in water
purification & wastewater treatment and government regulations associated
with water pollution are Asia-Pacific, Middle East, and Africa macrofiltration
market trends observed in recent years. Growth in the biopharmaceutical
industry, rise in population, and rapid industrialization across emerging
economies are other factors that supplement market growth. However, high
initial investment, lack of funds in developing countries, and strict
government regulations associated with the validation of filtration procedures
restrict the growth of the Asia-Pacific, Middle East, and Africa
macrofiltration market.
Based on type, the Asia-Pacific, Middle East, and Africa
macrofiltration market analysis is done into the granular micro filter, filter
press filter, leaf tubular and press filter, bag filter, belt filter press,
auto backwash filters, and others. The auto backwash filter segment is expected
to grow with a CAGR of 9.3% during the forecast period. Rising demand for
filtered water in the food & beverage industry and residential sector to
maintain product safety is driving the growth of the market. However, the high
cost of auto backwash filters and high maintenance cost is hampering the growth
of backwash filter. Furthermore, emerging trend such as increasing water
treatment plants in Asia-Pacific is estimated to provide lucrative growth
opportunities to the market.
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Based on industry vertical, the market is segmented into
water and wastewater, chemical and pharmaceutical, mining and metal, food and
beverage, paper and pulp, and others. The rise in the use of drum and disk
filters in mining applications is boosting the macrofiltration market for the
mining industry. Based on region, the market is analyzed across Asia-Pacific,
the Middle East, and Africa. Asia-Pacific holds the major share of the
macrofiltration market in 2019. Macrofiltration membranes are used for the
treatment of municipal wastewater to clean and recycle it before using it for
drinking as well as sanitation. Also, macrofiltration finds applications in the
chemical industry and is used to purify process streams. The demand for
macrofiltration is expected to increase due to the significant expansion of the
chemical industry across India, China, and Japan. In addition, macrofiltration
is widely used in the dairy industry for lactose concentration and
demineralization. The rise in demand for dairy products in emerging economies
such as India and China is anticipated to drive the Asia-Pacific, Middle East,
and Africa macrofiltration market growth in the region.
Market players have adopted agreement, partnership, and
expansion as their key developmental strategies to gain a competitive advantage
in the market. The key players operating in the Asia-Pacific, Middle East, and
Africa macrofiltration industry include Amiad Water Systems, Ascension
Industries, Inc., Danaher Corporation, Filtration Group, Mann+Hummel, MTB
Technologies Sp. Z O.O., Ostwald Filtration Systems GmbH, Parker Hannifin,
Pentair PLC, and SUEZ water technologies Inc. In order to stay competitive,
these market players are adopting different strategies such as product
launches, partnerships, mergers, and acquisitions. For an instance, SUEZ
acquired GE Water & Process Technologies. This acquisition reinforced the
company’s geographical position and added a brand to its product
portfolio.
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Key Findings Of The Study
- The
water and wastewater segment was the highest contributor in the
Asia-Pacific, Middle East, and Africa macrofiltration market size, and is
estimated to grow at a CAGR of 6.6% during the forecast period.
- Asia-Pacific
is anticipated to dominate the Asia-Pacific, Middle East, and Africa
macrofiltration market share during the entire forecast period.
- The
granular micro filter segment was the highest contributor to the market
and is estimated to grow at a CAGR of 5.7% during the forecast period.
- Auto
backwash filters and belt filter presses are expected to witness
considerable CAGRs of 9.3% and 6.9%, respectively, during the forecast
period.
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