According to the report, the global membrane microfiltration market accounted for $6.77 billion in 2015 and is expected to garner $12.86 billion by 2022, registering a CAGR of 9.6% during the period 2014–2022.
Increase in water scarcity and need for quality drinkable water, rise in growth in the biopharmaceutical industry, and expansion of processed food market are the major drivers of the global membrane microfiltration market. However, stringent government regulations for validation of the filtration process hamper the market growth. On the contrary, surge in demand for wastewater treatment and desalination in the emerging market is expected to create lucrative opportunities in the near future.
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Global membrane microfiltration market is divided on the basis of filtration mode, material, end user, and geography. Based on filtration mode, the market is segmented into cross-flow, direct-flow, and others. The cross-flow segment held about half of the total market in 2015, owing to use of this technique in various industries such as water & wastewater treatment, food & beverage, pharmaceutical, and hospitals & laboratories.
Based on material, the market is segmented into organic and inorganic. The organic segmented is further divided into fluorinated polymers, cellulosic, polysulfones, polyamide, polypropylene, and others. The organic segment dominated the market in terms of revenue in 2015. However, the segment of inorganic material is also expected to manifest gradual growth by 2022.
On the basis of end user, the market is divided into hospitals & laboratories, pharmaceutical and biopharmaceutical companies, food & beverage, water, and wastewater treatment, and others. The water & wastewater treatment segment held more than one-third of the market in 2015, owing to rise in desalination and water recycling in the emerging economies.
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region held the largest share in 2015, contributing about one-third of the market, owing to rise in water & wastewater treatment plants in the region, surge in food processing industries, and growth in the manufacturing and R&D facilities of biopharmaceutical market. However, the other regions are also expected to manifest gradual growth during the forecast period.
Global membrane microfiltration market report includes an in-depth analysis of the major market players in the market, such as EMD Millipore Corporation, GE Water & Process Technologies, Koch Membrane Systems Inc., Alfa Laval AB., 3M Purification Solutions, Kubota Corp. Pentair, Hyflux Ltd, Sartorius Stedim Biotech S.A., and Danaher Corp. (Pall Corp.).
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