May 13, 2019
WELLESLEY, Mass., May 13, 2019–Consumer demand, industry standards, and regulations are three factors helping to boost the membrane microfiltration market, according to a report by BCC Research.
The market expects to see a compound annual growth rate (CAGR) of 9% through 2023, when it could be worth $3.7 billion, according to the report The Global Market for Membrane Microfiltration.
“Industrial filtration faces tough challenges as it will be the most cost-driven and the most reliant on governmental infrastructure spending and the economy,” notes report author Andrew McWilliams. “Also, with membrane life expectancies at such high levels, the revenue generated from replacement filters will be far less than revenue from new filters going into new plants.”
Merger and Acquisition Strategies Highlight Push for Profits
With a mature technology and steady costs, profit margins in the industry have slipped, meaning that companies have pursued strategic realignments in the hunt for better bottom lines. Top recent M&A activity includes the acquisition of SAES Purse Gas by Entergris, the acquisition of Oltromare by Microdyn-Nadir, the acquisition of GE Water & Process Technologies by SUEZ, and the acquisition of Natrix Separations by Merck.
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The Global Market for Membrane Microfiltration( MST028G )
Publish Date: Apr 2019
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