Industrial Venting Membrane Market Size, Share, Growth, and Industry Growth by Type (Adhesive Vents and Vent without Backing Material), By Application (Automotive, Electric and Electronics, Medical, Chemical Packaging, Food, and Beverages Packaging, and Other), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Industrial Venting Membrane Market REPORT OVERVIEW

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The global industrial venting membrane market size is expected to grow from USD 769.3 million in 2022 and market is projected to touch USD 1163.11 million by 2031, at a compound annual growth rate (CAGR) of 4.7% during the forecast period.

Industrial venting membrane is widely used in industrial applications. It has a unique microporous structure. The product can be used as a breather filter for gas sensors, and permeable water for barriers.

Growth in automotive production is estimated to surge market growth.  Increase in demand for the product for its pressure equalization, service life, and high air flow rates. These advantages of the product are predicted to surge market growth. The product is highly effective and available in various custom sizes is anticipated to fuel market progress. It is used in the electronics sector to improve the reliability of electronic enclosures which is predicted to uplift market progress. An increase in per-capita income coupled with growing living standards is projected to drive market progress. Also, growing urbanization and industrialization are anticipated to accelerate to fuel market growth. An increase in the development of technologically-advanced products is estimated to surge market progress. On the contrary, the high cost of the product is estimated to hamper the market growth in the forthcoming years.

COVID-19 Impact: Social Distance Protocols and Closure of Manufacturing Units to Restrict Market Growth

The shutdown of several industries and the lack of industrial activities hamper market growth. Lower demand for the product among consumers during the pandemic period impacted market progress.  Social distance protocols and work from culture minimized market progress. Lack of investment and closure of manufacturing units to hamper the market growth.

LATEST TRENDS

"Growth in Automotive Sector and High Demand for the Product to Surge Market Growth"

Increasing demand for automotive products and growing development in the automotive sector are estimated to surge market growth. High demand for cars at the global level is anticipated to accelerate market growth. Growing awareness about harmful carbon emissions is predicted to drive market growth. High demand for technological advancements products is projected to drive market growth. The product has beneficial properties such as pressure equalization, service life, and high air flow rates. These advantages of the product are predicted to surge market growth. The product is highly effective and available in various custom sizes is anticipated to fuel market progress. Increased demand for electric vehicles globally is predicted to fuel industrial venting membrane market growth in the upcoming years.

Industrial Venting Membrane Market SEGMENTATION

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• By Type

Based on type, the market is divided into adhesive vents and vent without backing material.

Adhesive vents are estimated to be the leading part of type segmentation.

• By Application

Based on application, the market is classified into electric and electronics, automotive, medical, chemical packaging, food, and beverages packaging, and other.

Electric and electronics are estimated to be the leading part of application segmentation.

DRIVING FACTORS

"High Demand for the Product in Electronic Sector to Accelerate Market Growth"

Increasing demand for products in the electronics sector is estimated to accelerate market growth. The product is used in electronic products for its high efficiency and to avoid damage to electronic components. These advantages of the product are anticipated to accelerate market growth in the upcoming years. The product provides protection against solvents, oils, and other low-energy liquids. It also provides protection from water which is predicted to surge market growth in the upcoming years. It offers strong protection which is responsible to attract more customers. High demand for the product among end-user such as electronic, chemical packaging, food, and beverages packaging, and automotive. Such broad acceptance of the product is estimated to fuel industrial venting membrane market growth over the forecast period.

"Increase in Awareness about the product to Augment Market Progress"

Growing awareness about the product among the consumer is estimated to fuel market growth. The product provides sound transmittance through speakers and microphones and is anticipated to accelerate market growth. It provides an effective solution coupled with improving the life of gaskets and seals in devices. The product fuels the performance of electronic devices which is projected to drive market growth. An increase in per-capita income coupled with growing living standards is projected to drive market progress. Also, growing urbanization and industrialization are anticipated to accelerate to fuel market growth. An increase in the development of technologically-advanced products is estimated to surge industrial venting membrane market progress.

RESTRAINING FACTORS

"High Cost Associated with Product to Hamper Market Progress"

The high cost of the product is estimated to hamper the market growth in the forthcoming years.

Industrial Venting Membrane Market REGIONAL INSIGHTS

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"Increase in Population in Asia Pacific to Drive Market Share "

Asia Pacific is anticipated to account for the highest industrial venting membrane market share owing to the increasing population and rapid urbanization. Growth in automotive production in the region is forecasted to surge market growth. The product is highly effective and available in various custom sizes is anticipated to fuel market progress. It is used in the electronics sector to improve the reliability of electronic enclosures which is predicted to uplift market progress. An increase in per-capita income coupled with growing living standards is projected to drive market progress. Also, growing urbanization and industrialization are anticipated to accelerate to fuel market growth. An increase in the development of technologically-advanced products is estimated to surge industrial venting membrane market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• GORE (U.S.)
• Saint-Gobain (France)
• Donaldson (U.S.)
• Sumitomo (Japan)
• Zeusinc (U.S.)
• Clarcor (U.S.)
• Porex (U.S.)
• MicroVent (China)
• Nitto Denk (Japan)
• Pall Corporation (U.S.)
• IPRO (India)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.