Microfiltration market to top $1.2 billion by 2010
According to "The Microfiltration Membrane Market" (RC-046N), a newly updated technical market research report from BCC Research, the global market for microfiltration (MF) membranes used in liquid separations is estimated at $792 million in 2005, rising at an average annual growth rate (AAGR) of 9.4% through the forecast period, to more than $1.2 billion...
NORWALK, CT, Feb. 22, 2006 -- According to "The Microfiltration Membrane Market" (RC-046N), a newly updated technical market research report from BCC Research, the global market for microfiltration (MF) membranes used in liquid separations is estimated at $792 million in 2005, rising at an average annual growth rate (AAGR) of 9.4% through the forecast period, to more than $1.2 billion.
Factors driving market growth include federal regulations, industry standards, consumer demand, and the need to replace aging and/or outdated existing equipment. The most important driver is governmental regulation imposed by agencies such as the EPA (Environmental Protection Agency) and the FDA (Food & Drug Administration), as well as purity standards required by various industries.
MF operating costs have decreased because of improvements in materials and modules. As a result, several typical applications have emerged for MF technology: drinking water treatment, filtration of various wastewaters for reuse, RO pretreatment, microbial stabilization of wine and beer, biotech research and bioprocessing, and chemical and water filtration in semiconductor fabrication.
Large potential MF markets are in wastewater treatment, and sales of membrane bioreactors (MBRs) using MF modules are a rapidly growing membrane application. Growth in the segment stems from interest in treating wastewater to high quality standards for discharge or recycling and, in industry, for reclaiming process water. MF also demonstrates potential for producing new milk-based liquid and dry ingredients, and low-carbohydrate dairy beverages with high protein content; while the growing unpopularity of diatomaceous earth filters has created strong interest in MF technology for processing beer. Continued demand for new drug products coupled with an enormous membrane replacement market will contribute to double-digit growth in the pharmaceutical sector.
This report, which is scheduled for release in March, contains:
• The market for microfiltration membranes as reflected by the major applications of the technology: food and beverage processing, biopharmaceuticals manufacture, potable water production, wastewater treatment, industrial processes, and semiconductor fabrication
• Five-year projections of market activity and value
• Examination of the industry structure, membrane applications and trends, pricing considerations, R&D, government regulations, company profiles, and competing technologies
• The global market for MF as applied to liquid separations.
BCC Research Research (www.bccresearch.com) is based in Norwalk, CT. It has provided reliable, comprehensive industry research and technical market analyses since 1971. See the press releases webpage for earlier reports.