Los Angeles, November 4, 2019 – Industrial venting membrane works excellent for sealing and resisting external factors. Venting membrane branch out to various industries such as package, electronic, medical and automotive to provide protecting against different contamination. QY Research has recently added a report titled “Global Industrial Venting Membrane Market Professional Survey Report 2019”, predicting the growth opportunities in market.
The global industrial venting membrane market was valued at US$620.72 mn in 2018 and is expected to rise to US$877.60 mn by the end of 2025, registering a CAGR of 4.66% during the forecast period of 2019 to 2025.
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Increasing Demand from Various Industries to Boost the Market
The industrial venting membrane is excessively used due to its combination of venting, oleophobic, and hydrophobic properties. The properties and characteristics it contains makes it functional for various industries and applications such as electronics, packaging, and pharmaceutical. The demand for venting membranes in these sectors is rising as it provides high air flow rate and mechanical strength. It also brilliantly controls contamination and moisture.
The venting membrane can be curated to stabilize temperature and equalize pressure. This ensures reliability of the system and is cost effective. It protects the system from harmful liquids, water, salt, dust, dirt, and other contaminations. It is used in gas sensors, electronics, industrial battery venting, pressure venting, acoustic applications, and other areas because it can be used as water barriers. These factors are likely to boost the market growth during the forecast period.
The application of venting membrane in pharmaceutical industry is in ostomy & urine bags, transducer protectors, and IV inline filter set. In automotive sector it is used for headlights, micro motor, tanks, and sensors. Demand in electronic industry is driven by various appliances, acoustics, portable electronics, and consumer electronics. The package industry is witnessing demand due to industrial chemicals, cleaners, consumer chemicals, and agricultural products. However, the market can face restrains due to high technical barriers.
Medical Segment to Flourish Due to Demand from Pharmaceutical Industry
The venting membrane market is segmented into type and application. The type segment is further includes adhesive vents and vent without backing material. The application segment is divided into automotive, medical, electric and electronic, food and beverages packaging, chemical packaging, and others.
The medical segment is predicted to rise in demand as it provides excellent particle retention and broad chemical compatibility along with various undemanding sterilization methods. It is in demand because it is hydrophobic, lean, chemically inert, and thermally stable.
Manufacturing Hub of Asia Pacific to Witness Growth
The market in Asia Pacific is expected to rise due to shift of automobile manufacturing companies to India and China due to incentives on tax and cheap labour. North America will also likely rise as it is a home to major key players of automotive industry and has large number of customer base that surge the production of vehicles. USA and Europe remains as the major suppling region but China is also emerging in the market.
The key players operating in the industrial venting membrane market are GORE, IPRO,Saint-Gobain, Pall Corporation, Donaldson, Nitto Denko, Sumitomo, Micro Vent, Zeusinc, Porex, and Clarcor.
The venting membrane market is concentrated with top players consuming 80% of the total market. The leading players operate from various regions of the world but mainly USA, Germany, Japan, China, and France. Few players are selling original membrane to the processors such as Saint-Gobain.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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