Report Highlights
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The global market for microfiltration membrane products used in liquid separations is estimated at $1.2 billion in 2010. It will rise at a compound annual growth rate (CAGR) of 8% during the next 5 years to reach $1.8 billion in 2015.
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Biotech/bioprocessing/pharmaceutical applications will experience the most rapid growth. This market is worth $622 million in 2010 and is expected to increase at a compound annual growth rate (CAGR) of 10.3% to reach $1 billion in 2015.
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The value of the 2010 market for microfiltration elements in producing potable water is estimated to reach $232 million by year’s end. By 2015, market size is expected to rise to $296 million, reflecting a compound annual growth rate (CAGR) of 5%.
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Report Highlights
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The global market for microfiltration (MF) membranes used in liquid separations is estimated at $792 million in 2005 and rising at an average annual growth rate (AAGR) of 9.4% during the next five years, much more rapidly than predicted world GDP growth (3% to 4%), but not as rapidly as the world market for some other membrane types, such as reverse osmosis (RO) (10.3%).
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Large potential MF markets are in wastewater treatment, and sales of MBRs using MF modules are a rapidly growing membrane application. Growth in the segment stems from interest in treating wastewater to produce high quality water for discharge or recycling and, in industry, for reclaiming process water.
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MF is gaining market share for the cold filtration of beer and microbial stabilization of wine. The growing unpopularity of diatomaceous earth for filtering beer has created strong interest in membrane technology.
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