Microfiltration Membrane Market: Trends, Growth, and Industry Analysis
The microfiltration membrane market is projected to experience growth in the coming years, ascribed to the rising demand for microfiltration technologies such as industrial wastewater treatment, expansion of the pharmaceutical industry, and increase in the industrial application of this technology in the food & beverage sector.
The microfiltration membranes are expected to generate sales worth $7,517.38 million by 2030. Under the material segment, the PVDF captures a significant share of the microfiltration membrane industry, ascribed to the numerous benefits of these membranes, such as high flow rates for solvent, and mobile phase applications, it includes multiplexed bead-based assays, and sample preparation. It also contributes to major pharmaceutical applications, more specifically, protein separation.
Under the application segment, industrial wastewater captures the significant revenue share of the microfiltration membrane industry, owing to the rising scarcity of consumable water, including worldwide insufficiency for other applications such as industrial, commercial, and industrial wastewater treatment in the coming years.
Under the configuration segment, the tabular category generates the largest revenue for the microfiltration industry, and it is projected to retain its position in the near future, led by the high resistance provided by the tabular configuration, with ease of cleaning membranes. The microporous membrane removes the suspended solids from the liquid and thus cleans it effectively.
Moreover, APAC captures a significant share of the sales revenue of the microfiltration membrane industry, accounting for the regulatory standards, increased demand for wastewater treatment, and desalination to counter water scarcity in emerging economies, such as Thailand, and India, China, and the Philippines. In addition, penetration of the manufacturing plants and research centers speeds up the industry growth in the region.
In addition, the microfiltration membrane industry in the APAC is projected to generate the highest sales in the coming years, due to consistently rising demand for fresh water in countries such as China and India. In addition, the rising investment in water treatment projects to enhance the quality of water and used water for their further usage is drawing numerous opportunities for providers to penetrate the region.
Moreover, the growing requirement for potable water, with the escalating rate of using reclaimed water, more specifically in India leads to an increased demand for microfiltration membranes. Furthermore, industrial wastewater recycling requires a combination of technologies, such as dead-end and cross-flow filtration for water treatment and further make it reusable. Hence, it boosts the regional industry.
Therefore, the rising demand for water treatment to reuse it for various industrial applications, led by water scarcity boosts the industry.