Microfiltration Membranes Decontaminating Water Effectively

The microfiltration membrane market is expected to exhibit a CAGR of 9% during the forecast period (2020–2030), owing to the surging usage of filtration technology in the food and beverage industry, flourishing pharmaceutical industry, and burgeoning demand for microfiltration technology for the treatment of industrial wastewater. According to P&S Intelligence, the market was valued at $2,885.57 million in 2019 and it will generate $7,517.38 million revenue by 2030. Unlike conventional separation technologies, microfiltration technologies can efficiently treat solutions containing excessive dissolved organic compounds. 

One of the primary growth drivers of the market is the flourishing pharmaceutical industry. Pharmaceutical companies use an extensive volume of microfiltration membranes, such as polyethersulfone (PES), polypropylene (PP), and polyvinylidene fluoride (PVDF), for the filtration of proteins and preservatives, due to their high-flow rate, low-protein binding ability, and exceptional retention capacity. Additionally, the increasing investments being made in research and development (R&D) projects in the domain of biotechnology and medicine will also facilitate the market growth.

Moreover, the surging use of microfiltration technologies in the food and beverage sector, on account of the rising health issues arising from the intake of contaminated food and beverages, is another growth driver of the microfiltration membrane market. In addition, the mounting demand for safe water is also expected to propel the market growth. The discharge of agricultural and industrial waste into water bodies compromises the water quality, owing to which wastewater treatment plants are using these products to remove contaminants and produce clean water. 

Presently, the microfiltration membrane market is consolidated in nature, due to the presence of a few players, such as Alfa Laval AB, Toray Industries Inc., Danaher Corporation, and Merck KGaA. Currently, these players are entering into mergers and acquisitions to consolidate their position. For instance, in September 2019, DuPont De Nemours Inc. acquired the ultrafiltration membrane business of BASF SE to strengthen its water solutions business. With this acquisition, the former acquired the headquarters, workforce, and production unit of the latter at Greifenberg, Germany.

Geographically, the Asia-Pacific (APAC) 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. Moreover, the soaring number of manufacturing plants and research centers of pharmaceutical and biotechnology companies will also propel the demand for microfiltration membranes in the region. 

Therefore, the expanding pharmaceutical industry and burgeoning demand for uncontaminated food products and beverages will drive the demand for microfiltration membranes worldwide.

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