The global track etched membrane market size was USD 595.4 Million in 2020 and is expected to register a CAGR of 11.6% during the forecast period. Rising demand for improved purity of therapeutics, rapid technological advancements, and increasing adoption of track-etched membranes in food and beverage industry are key factors expected to drive market revenue growth over the forecast period. Rising investments and availability of funding for biopharmaceutical research, increasing production of generic drugs, and expanding application of track-etched membrane in various applications such as in fuel cells, telecommunications, and transportation are some other key factors expected to drive market growth going ahead.
Track etched membranes are porous systems made of thin polymer foils that have channels or pores from surface to surface. Track-etched membranes have a unique pore structure and are produced by bombarding polymer films with high-energy ions and chemical etching of polymer films. The track etch rate is subjected to numerous factors such as sensitivity of the material, irradiation conditions, conditions after irradiation, and etching conditions. Track-etch membranes offers unique advantages over conventional membranes owing to their precisely determined structure. Their pore size, shape, and density can be altered in a controlled environment so that the membrane produced with the required transport and retention characteristics. The interest and focus on polymer track etched membranes with nano-channels owing to development and creation of nanoporous materials with distinctive characteristics has increased over the recent past and this trend is expected to continue going ahead. Extensive research has been carried out to develop track etched membranes with special properties and functions. For instance, nuclear track pores are widely used as model systems and templates for synthesizing micro- and nanostructures. This is expected to further fuel revenue growth of the market over the forecast period.
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Track etched membranes are extensively used in medical and pharmaceutical industries for purification of drugs and vaccines, in obtaining blood plasma, and for quality control of food and water. These membranes are also used for cleaning and purifying air to create clean rooms and in drinking water purification systems. Track-etched membranes also find diverse applications in analytical control of substances and offers several advantages such as no sample contamination and smooth surface to improve particle visibility. These factors are expected to contribute significantly to market revenue growth over the forecast period. However, high costs of large-scale separation processes and stringent regulations regarding manufacturing of track-etched membranes is expected to hamper market growth to a certain extent going ahead.
Driver: Rising usage of track etched membranes in pharmaceutical industry
Track-etched membranes are extensively used in the purification of drugs and various vaccines. They are also used in clarification of fluids, in bioassays, and in other research and development activities in pharmaceutical and biopharmaceutical sector. Membrane filtration technology is crucial in drug discovery and development, assessing drug toxicity and efficacy, and in developing bioactive molecules. Major applications of track etched membranes include process filtration, cell culture, and laboratory filtration. Polymer track etched membranes with nano pores with controlled physical and chemical properties allows efficient drug delivery processes and this has been boosting adoption of track etched membranes in pharmaceutical sector. These factors are expected to drive revenue growth of the market over the forecast period.
Restraint: High production costs of track etched membranes
High costs associated with production and manufacturing of track etched membranes and large-scale separation processes is expected to hamper market growth to a certain extent during the forecast period. Heavy ion irradiation of thin polymer films, which is the first step in the manufacturing of track etched membranes, incurs high capital costs. Stringent regulations regarding track etched membranes manufacturing and their limited supply are also key restraining factors. In addition, low resistance of track etched membranes to organic solvents, low stability at high temperatures, and increasing availability of cost efficient depth filters are expected to further restrain market growth over the forecast period.
Based on product, the global track etched membrane market has been segmented into membrane filters, capsule & cartridge filters, and others. Membrane filters segment is expected to account for largest revenue share in the global market over the forecast period. Growth can be attributed to rising demand for membrane filters in various industries owing to its increasing applications in sterilization, sample preparation, filtration of aqueous and organic solutions, and final filtration, among others. Increasing use of membrane filters in pharmaceutical and biotechnology industries to sterilize and deionize water for various experiments is also expected to contribute to revenue growth of this segment going ahead.
Based on material, the global track etched membrane market has been segmented into polycarbonate, polyethylene terephthalate, and polyimide. Polycarbonate track etched membranes segment is expected to register significant revenue growth during the forecast period. Increasing use of polycarbonate membranes in cell biology experiments, analytical testing, and food and beverages industry are key factors contributing to revenue growth of this segment. Polycarbonate membranes are produced using trajectory technology which retains particles on surfaces and have a uniform and precise capillary pore structure and a limited pore size distribution. This offers advantages in experiments that require excellent surface pickup and high sample visibility. This has boosted its application in pharmaceutical and biopharmaceutical sectors and this is expected to further fuel revenue growth of this segment going ahead.
Based on application, the global track etched membrane market has been segmented into cell biology, microbiology, analytical testing, and others. Cell biology segment is expected to register a robust revenue CAGR over the forecast period owing to rapid adoption of track etched membranes in production of cell-based therapeutics and vaccines, growing demand for monoclonal antibodies, increasing private and public funding for cell-based research studies, and increasing application of these membranes in cell biology research in academic and research institutes.
End-use Industry Outlook:
Based on end-use industry outlook, the global track etched membrane market has been segmented into pharmaceutical & biotechnology companies, academic & research institutes, food & beverage companies, and hospitals & diagnostics centers. Pharmaceutical and biotechnology companies segment is expected to dominate other end-use industries in terms of revenue growth during the forecast period. Growth can be attributed to increasing manufacturing of generic drugs to cater to growing global demand, rising advancements in production of biologics, and growing R&D investment and expenditure in pharmaceutical and biopharmaceutical sectors. Rising demand for cell-based therapeutics, progress in cell biology research, and increasing collaborations and partnerships between numerous private and public organizations are some other key factors expected to drive revenue growth of this segment over the forecast period.
Based on regional analysis, North America is expected to account for largest share in the global market in terms of revenue over the forecast period. Growth can be attributed to increasing partnerships between major analytical instrument companies, establishment of state-of-the-art research centers, growing adoption of track etched membranes in food and beverage industries, and robust presence of renowned pharmaceutical companies in the region. In addition, increasing awareness about purified drinking water, existence of large number of quality control laboratories, and rising concerns regarding quality of food products and medical devices have been boosting use of track etched membranes and this is expected to drive revenue growth of the market in the region.
Asia Pacific is expected to register robust revenue growth rate over the forecast period owing to rapid growth of biopharmaceutical industry, increasing launch of advanced cell culture products, rising healthcare expenditure, and growing presence of key global pharmaceutical manufacturers in the region.
The global track etched membrane market is consolidated and comprises a few major players. Key players are focused on product advancements and research and development activities to cater to growing global demand from the biopharmaceutical industry and gain a robust footing in the market. Prominent companies include GE Healthcare, Danaher Corporation, Merck KGaA, Sartorius AG, Corning, Inc., it4ip S.A., Sterlitech Corporation, Eaton Corporation, Brand GmbH, Sabeu Plastik and Membrane Technologie, Zefon International, and Advantec MFS, Inc.
Some key developments in the market:
- In May 2020, Filtration Group acquired Oxyphen, which is a leading innovator in track-etched membranes. Track-etched membrane solutions and fiber-membrane solutions of Oxyphen complement the product portfolio of Porex business of Filtration Group.
Report Scope & Segments Covered in the Report:
This report offers historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each of the sub-segments from 2019 to 2030.
For this study, Reports and Data has segmented the global track etched membrane market based on product, material, application, end-use industry, and region:
Track Etched Membrane Market Report Scope
Segments covered By Product Outlook, Material Outlook, Application Outlook, Regional Outlook
By Product Outlook
Capsule & Cartridge Filters
By Material Outlook
By Application Outlook
By End-use Industry Outlook
Pharmaceutical and Biopharmaceutical Companies
Academic and Research Institutes
Food and Beverage Companies
Hospital and Diagnostic Centers
Middle East & Africa
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