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 $7,517.38 million in 2030 from $2,885.57 million in 2019, at a 9.0% CAGR between 2020 and 2030. Such filtration products are used to remove contaminants from food products, especially beverages.
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.
Microfiltration Membrane Market Segmentation Analysis
The polyvinylidene difluoride category is expected to dominate the microfiltration membrane market in the coming years, based on material type. High flow rates can be achieved during mobile-phase and solvent-based processes using PVDF membranes. Additionally, as PVDF membranes can easily remove particles from liquid and air streams, they are widely preferred for industrial wastewater treatment and pharmaceutical production applications.
In the past, the microfiltration membrane market generated the higher revenue in the cross-flow filtration bifurcation, on the basis of filtration technology. This technology prevents the accumulation of materials on the surface of the filters, which is why it finds wide usage in the pharmaceutical, food and beverage, and water treatment sectors.
Asia-Pacific 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
• 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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