The Global Market for Membrane Microfiltration
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.
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.
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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Frequently Asked Questions (FAQs)
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%).
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.
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.