Recent developments in Membrane Microfiltration Market suggest that the industry is slated to generate a value of USD 5,096.5 Millon in 2022, anticipated to register a positive CAGR of 7.9% in the forecast period 2022-2028 and reach a value of USD 8,048.5 Million.
| Attribute | Details |
|---|---|
| Membrane Microfiltration Market Size (2022) | USD 5,096.5 million |
| Projected Market Value (2028) | USD 8,048.5 million |
| Global Market Growth Rate (2022 to 2028) | 7.9% CAGR |
| Region With Dominant Market Share | Western Europe |
The adoption of membrane microfiltration technology for applications such as pharmaceuticals, food and beverage, dairy products and waste water treatment has led to the growing demand for this technology.
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| Particulars | Details |
|---|---|
| H1, 2021 | 7.85% |
| H1, 2022 Projected | 7.91% |
| H1, 2022 Outlook | 7.71% |
| BPS Change - H1, 2022 (O) – H1, 2022 (P) | (-) 20 ↓ |
| BPS Change – H1, 2022 (O) – H1, 2021 | (-) 14 ↓ |
A comparative analysis related to the market growth rates and development prospects in the global membrane microfiltration market is presented by Future Market Insights. The market is highly influenced by the device quality production guidelines, and regulations under the impact of macro and industry factors.
Key developments in the market include the development of cost effective ceramic microfiltration membranes. The market is subject to changes in global sustainability goals and implementation of waste water management by the biopharmaceutical industries.
H1-2022 outlook period in comparison to H1-2022 projected period showed a negative growth in terms of Basis Point Share by 20 BPS. In H1-2022 when compared with H1-2021, the market growth rate of membrane microfiltration is expected to fall by 14 basis point share (BPS), as per FMI analysis.
The reduction in the BPS values is associated with the advent of the COVID-19 pandemic and the delay in production of membrane microfiltration. Moreover, the inclination of membrane microfiltration for being sensitive to oxidizing chemicals causing damage and calling for more open-pore pre-filtration has further rendered the BPS change as declining.
According to Future Market Insights (FMI), demand for membrane microfiltration technology experienced an upsurge at a CAGR worth 6.5% from 2013 to 2021. This technology is experiencing a rise in demand in the production of biopharmaceuticals in the near future in response to the increasing use of large molecule biopharmaceuticals with therapeutic properties.
Membrane microfiltration technologies acquired further importance during the COVID-19 pandemic, with lab technicians and healthcare providers deploying microfiltration techniques to extract RNA from the novel coronavirus and study its structure.
Pall Corporation, for instance, has been deploying its Nucleic Acid Binding (NAB) Nanosep® spin device and AcroPrepTM filter plates for RNA extraction of the COVID-19 virus prior to RT-PCR, and has yielded many downstream application successes.
The emergence of newer applications of membrane microfiltration presents a great deal of business opportunity for key industry players operating worldwide. The proliferation of single-use technologies and the growing demand for nanofiltration techniques contributed to the market growth of membrane microfiltration. Due to these factors, the membrane microfiltration market registering a CAGR of 7.9% in the sales indicator period.
The removal of microfibers from textile wastewater has propelled the growth of the microfiltration market. Rising pharmaceutical and biotech firms have spurred a market demand for sterile environments and contamination-free surfaces, which has resulted in market demand for membrane microfiltration.
The growing need for wastewater treatment across various regions has accelerated sales of microfiltration devices. As a result of government regulations on filtration methods and environmental concerns, market demand for microfiltration methods and devices has gained momentum.
Several private and government investments in R&D to yield better returns have propelled market demand for membrane microfiltration in the market. Increasing demand for dairy products and improvements in shelf life has intensified the market for membrane microfiltration.
Growing applications of membrane microfiltration in the industrial sector are driving growth in the global market. Growing health awareness among consumers has resulted in an increase in the market demand for membrane microfiltration in the food and beverage industry.
As per the analysis put forward by FMI, Western Europe is anticipated to experience the most lucrative prospects with regard to membrane microfiltration. The region is poised to accumulate a market share worth 22.1% in 2022.
Increasing government regulations on environmental and wastewater treatment have fueled market demand for membrane microfiltration. Furthermore, rapid industrialization has driven market demand for membrane microfiltration to touch new heights in the market.
As a result of a growing population, urbanization, and a scarcity of water, the membrane microfiltration market in this region is expected to present huge opportunities to the market players. The growing number of biopharmaceutical and pharmaceutical companies operating in the region is increasing the demand for microfiltration membranes.
Furthermore, investments in improving water and wastewater systems have paved the way for water treatment companies to thrive in the region. Increasing government support for industrial wastewater treatment in the region is expected to boost the market growth in the coming years. Thus, China is expected to gain a market share of 9% in 2022.
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Cross-flow filtration accounts for the largest revenue share in the membrane microfiltration market and is expected to grow during the forecast period. As a result of improving membrane shelf life and helping to prevent irreversible fouling, cross-flow filtration has become increasingly popular in various end-use applications.
Cross-flow microfiltration is widely applied in pharmaceutical, food & beverage, and chemical industries. A rise in demand for higher quality and better value wines compared to traditional systems has boosted market demand for cross-flow microfiltration.
Growing consumer awareness of clean water and its health benefits is propelling the market demand for membrane microfiltration in water treatment applications. Global concerns over limited water resources will likely force governments to adopt stringent measures for wastewater treatment.
The growing demand for purified water among households has boosted the use of membrane microfiltration in the market. As governments and industries strive to meet evolving environmental regulations, demand for membrane microfiltration processes is on the rise.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific excluding China & Japan; China; Japan; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Russia, Poland, India, ASEAN, Australia, New Zealand, South Africa, GCC Countries |
| Key Market Segments Covered | Material Type, Application, Region |
| Key Companies Profiled | Pall Corporation (Sub. Of Danaher); Alfa Laval AB; Merck KGaA; CITIC Envirotech Ltd; 3M; Parker Hannifin Corporation; Lydall, Inc.; Koch Membrane Systems Inc.; GEA Group AG; Synder Filtration, Inc. |
| Pricing | Available upon Request |
The membrane microfiltration market captured a valuation of USD 5,096.5 million in 2022.
The membrane microfiltration market is anticipated to secure a CAGR of 7.9% between 2023 to 2033.
Cross flow membrane category is estimated to lead the membrane microfiltration market.
Pall Corporation, 3M, and Alfa Laval AB are the top key players in the membrane microfiltration market.
Growing waste water treatment and increasing government regulations.
| Estimated Size, 2024 | USD 582.2 million |
|---|---|
| Projected Size, 2034 | USD 904.1 million |
| Value-based CAGR (2024 to 2034) | 4.5% |
| Expected Base Year Value (2023) | USD 19.19 billion |
|---|---|
| Anticipated Forecast Value (2033) | USD 45.08 billion |
| Estimated Growth (2023 to 2033) | 8.9% CAGR |
| Market Size (2022) | USD 5,096.5 million |
|---|---|
| Market Value (2028) | USD 8,048.5 million |
| Market CAGR (2022 to 2028) | 7.9% |
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