The global PVDF membrane market size is estimated at USD 629 million in 2020 and is projected to reach USD 925 million by 2025, at a CAGR of 8.0%. The demand for PVDF membrane is increasing, owing to increased demand for PVDF membrane from biopharmaceutical industries, and stringent regulations pertaining to emission and treatment of municipal and industrial wastes.
APAC is estimated to be the largest and the fastest-growing PTFE membrane market during the forecast period. The growth of the market in this region is primarily attributed to the rapidly growing population, urbanization, and industrialization. The growing demand from the food & beverage processing, biopharmaceutical, and industrial such as water & wastewater treatment is playing a crucial role in fueling the market for PVDF membrane in APAC. Implementation of strict regulations regarding water treatment & industrial wastewater discharge is also expected to drive the PVDF membrane market in the region.
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The growing use of PVDF membrane in microfiltration, venting applications and medical accessories and also increasing demand for treated water in emerging economies are expected to create opportunities for manufacturers during the forecast period. The key players in the PVDF membrane market include Arkema (France), Merck Millipore (US), Koch Separation Solutions (US), Cytiva (US), CITIC Envirotech (Singapore), Pall (US), Bio-Rad Laboratories (US), Thermo Fisher Scientific (US), Membrane Solutions (US), and GVS (Italy). The PVDF membrane market report analyzes the key growth strategies, such as investment & expansion, and merger & acquisition adopted by the leading market players between 2017 and 2020.
Merck Millipore (US) is one of the leading players in PVDF membrane market. In July 2020, The company majorly focuses on investment & expansion strategy. The company announced an investment of USD 21.23 million to build a laboratory facility in Buchs, Switzerland, to support its rapidly growing material business. This will help to continue to drive innovation and expand the R&D of analytical standards. With this expansion, the company is gearing up to become a world-scale manufacturer of PVDF membrane, which is used in major end-use industries, such as biopharmaceutical, and industrial filtration.
Koch Separation Solutions (US) one of the largest manufacturer of construction products globally. The company is among the key players in the PVDF membrane market. The company believes in sustainability for creating value. Its strategy is focused on mergers and acquisitions, and expansions to expand its global reach and strengthen its competitiveness in the global PVDF membranes market. For instance, in 2020, The company announced the expansion of its manufacturing capacity of its PURON reinforced hollow fiber membrane technology by 50.0%. This expansion will help the company in significant growth and increase ability to serve businesses that utilize these technologies for wastewater treatment needs. Furthermore, Koch Membrane System acquired Eco-Tec (Canada) and rebranded to Koch Separation Solutions. This acquisition will help the company to expand its capabilities and acquire new separation technologies in November 2019.
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