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Microfiltration Membrane Market Growth Analysis, Opportunities, Trends, Developments and Forecasts Through 2030

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Microfiltration Membrane Market Growth Analysis, Opportunities, Trends, Developments and Forecasts Through 2030

December 27
18:12 2021
Microfiltration Membrane Market Growth Analysis, Opportunities, Trends, Developments and Forecasts Through 2030
Geographically, the Asia-Pacific region held the largest share in the microfiltration membrane market in 2019, owing to the escalating need for wastewater treatment, toughening regulatory standards on water treatment, and increasing desalination activities to meet the water shortage in emerging economies, such as the Philippines, India, Thailand, and China.

The global microfiltration membrane market reached a revenue of $2,885.57 million in 2019 and it is predicted to attain a value of $7,517.38 million by 2030. Furthermore, the market will demonstrate a CAGR of 9.0% between 2020 and 2030. The market is being propelled by the burgeoning requirement for microfiltration technologies for treating industrial wastewater, surge in the pharmaceutical industry, and growing use of the technology in the food and beverage industry.

The discharge of agricultural and industrial waste into water bodies causes water pollution. As per the fourth World Water Development Report, around 70% of the wastewater treated all over the world in 2017 was in high-income countries. Environmental degradation caused due to inefficient wastewater management poses a major threat to economic activity and human health. In response to this, the U.S. government is taking various initiatives for raising public awareness about the consequences of water scarcity and water contamination.

Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/membrane-microfiltration-market/report-sample

Apart from the aforementioned factors, the boom in the pharmaceutical industry is also positively impacting the worldwide demand for the microfiltration membrane technology. Many major pharmaceutical companies are making huge investments in research and development (R&D) activities in order to yield better returns. The pharmaceutical industry uses various microfiltration membranes, such as polypropylene (PP), polyethersulfone (PES), and polyvinylidene fluoride (PVDF), owing to their excellent retention properties, high-flow rates, and low-protein binding, which make them ideal for use in the filtration of products, such as proteins and preservatives.

Additionally, the soaring investments being made in research and development (R&D) activities in the domains of medicine and biotechnology are also fueling the expansion of the microfiltration membrane market. Depending on application, the market is classified into oil and gas, pharmaceutical, food and beverage, dairy, industrial wastewater treatment, biotechnology, and semiconductor and electronic. Out of these, the industrial wastewater treatment category is predicted to dominate the market in the forthcoming years. This is credited to the increasing water scarcity and burgeoning requirement for good quality of water for industrial and drinking purposes around the world.

Browse detailed report on Global Microfiltration Membrane Market Size and Growth Forecast to 2030

Geographically, the Asia-Pacific (APAC) region is predicted to be the fastest-growing region in the microfiltration membrane market in the coming years. This will be because of the surging need for fresh water in emerging economies, such as India, Vietnam, Thailand, and China. In addition, the implementation of supportive government policies regarding industrial wastewater treatment is also predicted to create lucrative growth opportunities for the players in the industry, such as Culligan International Company, Toray Industries Inc., Merck KGaA, 3M Company, Koch Membrane Systems Inc., SUEZ, Alfa Laval AB, Applied Membranes Inc., Graver Technologies LLC, Asahi Kasei Corporation, and Markel Corporation.

Thus, the demand for microfiltration membrane technology will rise enormously all over the world in the coming years, mainly because of its ballooning use in the food and beverage industry, growing requirement for treating industrial wastewater, owing to the large-scale pollution of water bodies, and boom in the pharmaceutical industry.

Microfiltration Membrane Market Size Breakdown by Segment

By Material Type

  • Polyethersulfone (PES)
  • Polypropylene (PP)
  • Polyvinylidene Fluoride (PVDF)
  • Polytetrafluoroethylene (PTFE)
  • Polyether Ether Ketone (PEEK)
  • Polyimide
  • Cellulose

By Filtration Technology

  • Dead-End Filtration
  • Cross-Flow Filtration

By Application

  • Semiconductor & Electronic
  • Oil & Gas
  • Dairy
  • Food & beverage
  • Pharmaceutical
  • Biotechnology
  • Industrial Wastewater Treatment

By Process

  • Membrane Bioreaction (MBR)

By Configuration

  • Tubular
  • Hollow Fiber
  • Flat Sheet 

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

Browse More Reports

Polyvinylidene Difluoride Membrane Market – According to P&S Intelligence, North America led the PVDF membrane market in the recent past owing to the increasing use of the membrane technology in the water and wastewater treatment, pharmaceutical, and food and beverage industries. At present, the water and wastewater treatment sector is witnessing substantial growth due to the burgeoning demand for water from several industries and booming population. 

Polypropylene Market – Geographically, the Asia-Pacific polypropylene market held the largest revenue share in the past, and it is also expected to witness the fastest growth in the years to come. This is attributed to the surging consumption of the chemical in the packaging, transportation, machinery, consumer & institutional, building & construction, furniture & furnishings, and electrical & electronics industries of the region.

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Website: https://www.psmarketresearch.com/market-analysis/membrane-microfiltration-market

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