As per the latest research study by TMR, the Membrane Microfiltration Market is anticipated to witness an impressive growth at a CAGR of over 7.5% through 2028. As end-use industries are willing to invest in cost-effective solutions for sustainable manufacturing, worldwide demand for membrane microfiltration is estimated to exceed US$ 8 Bn by the end of 2028, registering a significant upswing from the sales in 2018.
This growth can be attributed to growing popularity of microfiltration as a viable alternative of heat treatment for bacteria reduction and shelf-life enhancement of dairy products. According to the TMR study, rising demand from applications of milk processing remains a key trend shaping growth of membrane microfiltration market. Growing adoption of membrane microfiltration technique for cross flow filtration purposes in water plants is another crucial trend influencing growth of membrane microfiltration market, unveils the TMR report.
Manufacturers operating in the membrane microfiltration market are developing robust and durable microfiltration systems incorporating large filter cartridges, which in turn is resulting in optimal space utilization and reduced maintenance expenses. “A preference for continuous fermentation over batch processing processes is intensifying, with industrial ecosystems proactively embracing membrane microfiltration techniques. Such particulars are likely to have a positive impact on the growth of market over the forecast timeperiod”, says the TMR report.
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As per the TMR research study, membrane microfiltration is finding extensive application in biofuel as well as bio refineries, on account of its ability to lower energy costs and reduce bio wastes. Use of membrane microfiltration is significantly taking off in case of biodiesel processes wherein this technology is used for reusing water, notably in areas having water scarcity.
Membrane microfiltration, as a viable technology, finds extensive adoption in the food & beverage space for bifurcation and purification of food & beverage products. This, in turn, remains a key growth driver of the membrane microfiltration market. According to the TMR analysis, water treatment plants remains one of the chief application areas of membrane microfiltration market, as this technique is employed for elimination of unwanted particles from the water before it undergoes treatment. Surging demand for quality potable water remains a key pacesetter of growth of market.