Microfiltration Membrane Market Will Reach USD 7,517.38 Million by 2030

The microfiltration membrane market will advance at a 9.0% compound annual growth rate, to reach USD 7,517.38 million, by 2030.

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The growth of the industry is credited to factors such as the growing requirement for microfiltration technologies for the treatment of industrial wastewater, increasing implementation of technology in the food and beverage industry, and the advancement in the pharmaceutical sector.

The PVDF category, based on material type, held the largest share, in the past few years. This is mainly because of the benefits of PVDF membranes, such as the capability to offer high-flow rates for solvent-based along with mobile phase applications.

Based on filtration technology, the cross-flow filtration category will observe faster growth, in the years to come. This is because of the rapid implementation of this technology in numerous industries, for instance, food, pharmaceutical, medical, and water treatment. Moreover, cross-flow filtration is getting popular in these sectors, because of its capability to eliminate built-up materials on filter surfaces, which aids in avoiding fouling of the filter.

In recent years, the APAC accounted for the largest share in the microfiltration membrane market. This is ascribed to the growing regulatory standards, increasing requirements for wastewater treatment, and desalination to tackle the shortage of water in India, China, the Philippines, and Thailand.

Moreover, APAC will observe the fastest growth in the microfiltration membrane industry, in the years to come. This is mainly attributed to the mounting requirement for fresh water in nations, such as China and India. Furthermore, with increasing requirements for filtered water, the adoption rate of reclaimed water is increasing in the APAC industry, particularly in India.

It is because of the mounting implementation of technology in the food and beverage sector and development in the pharmaceutical sector, the global microfiltration membrane industry will continue to advance in the years to come.