Membrane Microfiltration Market Expected to Reach $8.8 Billion by 2030

According to a new report published by Allied Market Research, titled, “Membrane Microfiltration Market," The membrane microfiltration market size was valued at $3,772.70 million in 2020, and is estimated to reach $8.8 Billion by 2030, growing at a CAGR of 8.9% from 2021 to 2030. Microfiltration is a type of low-pressure membrane filtration that is used to physically separate suspended particles such as fat, bacteria, particulates, and colloids. Microfiltration can be used in a variety of industrial processes for separating bacteria and particles with a diameter larger than 0.1m. In pharmaceutical firms, they're employed for sterilization and contamination prevention during the production process.

Microfiltration is used in the food and beverage sector to separate various components and produce distinct products.
The membrane microfiltration market is segmented on the basis of filtration mode, which includes cross-flow filtration, direct-flow filtration, and others. The cross-flow filtration is expected to register high growth revenue share during the forecast period. Cross-flow filtering has grown in popularity in a variety of end-use applications as a result of its improved membrane shelf life and ability to prevent irreversible fouling. The pharmaceutical, food & beverage, and chemical sectors all use cross-flow microfiltration. Cross-flow microfiltration has seen a surge in membrane microfiltration market demand due to an increase in desire for higher quality and better value wines when compared to previous systems.

The market demand for membrane microfiltration in water treatment applications has increased as consumer awareness of clean water and its health advantages has grown. Governments are most likely to implement strict wastewater treatment procedures as a result of global concerns over limited water supplies. The membrane microfiltration market has expanded in response to the increased demand for filtered water among homes. Membrane microfiltration techniques have become more popular as governments and businesses attempt to fulfill changing environmental laws.

Moreover, key players are focused on expanding business by launching latest membrane microfiltration solutions for such applications. For instance, in April 2021, Koch Separation Solutions expanded its tubular membrane product portfolio with the introduction of INDU-COR HD. It is a new technique that is meant to better handle a variety of industrial waste streams. It has a 300 percent greater packing density, making cross flow filtration more cost-effective while taking up less space. Such latest technique or membrane microfiltration from the key players provides significant membrane microfiltration market growth.

However, during the pandemic, various manufacturers in the membrane microfiltration market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of membrane microfiltration companies. In addition, lack of manpower & raw materials and constricted supply of equipment of membrane microfiltration have negatively influenced the growth of the membrane microfiltration market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of membrane microfiltration companies.

COMPETITION ANALYSIS

The key players operating in the global membrane microfiltration are 3M Company, Alfa Laval, General Electric Company, Danaher Corporation, Aquatech International LLC, MERCK Group, Kubota Corporation, Koch Membrane Systems, Inc., Pentair PLC, and Sartorius AG.

KEY FINDINGS OF THE STUDY

• The report provides an extensive analysis of the current and emerging membrane microfiltration market trends and dynamics. 
• Depending on filtration mode, the cross-flow segment dominated the membrane microfiltration market, in terms of revenue in 2020 and the segment is projected to grow at a significant CAGR during the forecast period.
• By material, the organic segment has registered highest revenue in 2020.
• By end user, the water and wastewater treatment segment has registered highest revenue in2020.
• Asia-Pacific is projected to register highest growth rate in the coming years.
• The key players within the membrane microfiltration market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the membrane microfiltration industry.
• The report provides an extensive analysis of the current trends and emerging opportunities of the market. 
• In-depth membrane microfiltration market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
• The global membrane microfiltration market forecast analysis from 2021 to 2030 is included in the report.
• A comprehensive analysis of membrane microfiltration market share of regions is provided to determine the prevailing opportunities.