Around the world, concerns regarding the consumption of contaminated food and beverages are leading to the implementation of stringent quality control regulations. As a result, the global microfiltration membrane market size is predicted to increase to $7.5 billion in 2030 from $2.8 billion in 2019, at a 9% compound annual growth rate between 2020 and 2030, according to the market research report published by P&S Intelligence. Such filtration products are used to remove contaminants from food products, especially beverages.
Additionally, P&S Intelligence researchers said the microfiltration membrane market is also being propelled by the growth of the food and beverage industry itself. According to the New Zealand Institute for Plant and Food Research Limited, the sale of food products will be worth $20 trillion by 2030. The increasing production of such goods and rising number of associated manufacturing plants will ultimately create a huge demand for filtration products.
Due to the COVID-19 pandemic, the microfiltration membrane market growth has been hit hard. Lockdowns and movement restrictions around the world have resulted in the closure of manufacturing facilities of not only these membranes but also of end users. Similarly, the restrictions on movement have reduced the supply of microfiltration membranes, thus impacting the market negatively.
During the next decade, the revenue generated in the microfiltration membrane market by the membrane bioreaction (MBR) bifurcation, under the process segment, is expected to increase faster. The MBR process displays a higher efficiency than the activated sludge and hybrid filtration processes, and it can withstand organic loading rate fluctuations.
The tubular configuration category held the largest share in the microfiltration membrane market historically, and the trend is likely to continue during the next 10 years. Such a configuration not only offers better membrane fouling resistance but also allows the membranes to be cleaned easily.
Asia-Pacific (APAC) has been the largest microfiltration membrane market till now, and it will also grow the most rapidly in the near future. The increasing wastewater treatment and seawater desalination activities and implementation of stringent quality control regulations are driving the product demand in India, China, the Philippines and Thailand. Further, production plants and research centers are being established in the region by numerous biotechnology and pharmaceutical companies.
Key findings of Global Microfiltration Membrane Market Report include:
· Industrial wastewater treatment is the largest application area of microfiltration membranes
· Food and water safety concerns continue to raise the demand for microfiltration membranes
· PVDF remains the most popular material for such products
· Despite the increasing pharma investments during COVID-19, the market is growing slowly in 2020
· The presence of a few major companies makes the market consolidated
· The market consolidation is increasing further because of mergers and acquisitions
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