An Incisive, In-depth Analysis on the Membrane Microfiltration Market
This study offers a comprehensive, 360 degree analysis on the Membrane Microfiltration market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Membrane Microfiltration market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Membrane Microfiltration Market: Value and Forecast
The global membrane microfiltration market is expected to expand at a CAGR of 7.8% in revenue terms over the forecast period 2018–2028. The global membrane microfiltration market is expected to be dominated by Western Europe with a 22.3% revenue share in 2018.
Membrane Microfiltration Market: Product Outlook
In water treatment systems, microfiltration membranes help in removing small particles and solids such as iron (rust), manganese (rust), clay, silt and sand, bacteria, and viruses. In some of the water treatment systems, membrane microfilters help to pre-treat water before it passes further through the RO or some other treatment system. Pre-treatment with microfiltration allows the RO and the other treatment systems to work efficiently. In some cases, microfiltration is used as a post-treatment after aeration. Microfiltration membranes are most commonly used as part of water treatment plants or household plumbing for the water to pass through the filters. Microfiltration membranes and associated systems are usually low cost and easy to maintain. They are usually self-monitoring in nature, i.e., when the filter is clogged or need to be changed, the flow of water automatically decreases. The increasing need of quality water is one of the major factors expected to contribute to the growth of microfiltration membranes market, as they are prominently needed in quality water management. India, China, and other developing economies, with their rapid population growth, urbanization, and water scarcity present enormous opportunities for the existing players and new entrants in the membrane microfiltration market.
In terms of revenue share, the U.S, Japan and China are expected to stand at the first, second, and third place, respectively, in the global membrane microfiltration market. By region, Western Europe is expected to be a large market for membrane microfiltration due to presence of numerous key manufacturers. China is expected to grow at a CAGR of 11.2% (2018-2028) owing to significant growth in various end-use industries, where the demand for membrane filtration is high. Ceramic membranes are expensive in comparison with polymeric ceramic membranes, but they have a twice the life cycle of polymeric membranes and the maintenance charges are considerably less. Ceramic membranes also ensure process stability and are resistant to high pressures. The advantages of ceramic microfiltration membranes hamper the adoption of polymeric microfiltration membranes, which is expected to hinder the growth of the membrane filtration market to some extent.
Membrane Microfiltration Market: Key Insights
Suppliers are focused on meeting the increasingly stringent demand of various industries where purity and quality standards are key to the manufacturing processes.
The North America membrane microfiltration market is expected to represent an absolute dollar opportunity of US$ 60.7 Mn in 2019 over 2018.
North America is one of the most lucrative markets for membrane microfiltration. In industries such as biopharmaceuticals, chemicals, and food and beverage, membrane microfiltration suppliers are focused on providing a broad range of purification solutions.
The growth of the Latin America membrane microfiltration market is fuelled by the improving water treatment infrastructure and a sustainable growth in the biopharmaceutical and food and beverage industries.
China is expected to be a fast-growing membrane microfiltration market due to increasing expenditure by the government on water management and waste water treatment.
Dead-end filtration poses disadvantages such as difficulties in navigating through the particles which leads to quick drops in the flow rate of liquid in various processes in the water treatment, dairy & Food processing, biopharmaceutical processing and other applications. Hence, cross flow filtration is the preferred membrane filtration technology.
Factors and Trends Impacting the Growth of the Membrane Microfiltration Market
An interesting development application driving the interest in microfiltration membrane technology is its ability to operate at higher temperatures.
Manufacturers are now running continuous fermentation, rather than a batch process. The coming years would see a considerable increase in demonstration plants working on continuous fermentation, where microfiltration membranes are poised to play a significant role.
Manufacturers are developing microfiltration units that use large filter cartridges rather than an amalgamation of many small filtration units. The system would occupy a smaller area. This would not only reduce the number of connections in the filtration system, but also lower the maintenance cost.
Microfiltration membranes are nowadays being adopted in the production of biofuels and are being integrated into bio-refineries to lower the overall energy cost, increase valuable product recovery, and reduce the amount of waste.
This Future Market Insights (FMI) report examines the ‘Global Membrane Microfiltration Market’ for the period 2018–2028. The primary objective of the report is to offer updates and information related to market opportunities in the global membrane microfiltration market.
This report covers the global membrane microfiltration market performance in terms of revenue contribution from various segments. The report begins with an overview and definitions. The market viewpoints section underlines the macro-economic factors influencing the growth of the global membrane microfiltration market along with detailing the opportunity analysis of the market. This is then followed by the key market drivers, restraints and trends.
The Global Membrane Microfiltration Market is Segmented Based on:
The global membrane microfiltration market by material type is further sub-segmented into cross-flow filtration and dead-end filtration modalities covering Polyethersulphone (PES) membranes, Polypropylene (PP) membranes, Polyvinylidene difluoride (PVDF) membranes, Polytetrafluoroethylene (PTFE) membranes, Poly Ether ketone (PEEK) membranes, Polyimide membranes, and Cellulose membranes. The cross-flow filtration is expected to be the dominant segment in the global membrane microfiltration market owing to its relative advantages over dead-end filtration. High demand for filtration and separation technologies in various industry-specific processes globally is expected to drive the demand for membrane microfilters.
By application, the global membrane microfiltration market is segmented into water treatment applications, dairy & food processing applications, biopharmaceutical applications, chemical applications, and others. The water treatment is expected to be the dominant segment in the global membrane microfiltration market followed by dairy & food processing applications, and others.
By region, the global membrane microfiltration market is segmented into North America (the U.S. & Canada), Latin America (Brazil, Mexico, and Rest of Latin America), Western Europe (Germany, France, the U.K., Italy, Spain, BENELUX, Nordic, and Rest of Western Europe), Eastern Europe (Russia, Poland and Rest of Eastern Europe), Asia Pacific excluding China and Japan (India, Australia & New Zealand and Rest of Asia Pacific), China, Japan and Middle East and Africa (GCC Countries, South Africa and Rest of MEA).
A detailed analysis has been provided for each region in terms of market size, Y-o-Y growth rate, absolute $ opportunity, and market attractive index. The forecast of the membrane microfiltration market by country, material type, and application is represented in a tabular form for each region. This section will help to understand the present scenario and opportunity of the membrane microfiltration market in major countries by each segment.
In the next section of the report, the ‘Competitive Landscape’ is included to provide report audiences with a dashboard view of the key competitor firms in order to access the key differentiators among the competitor firms. This section is primarily designed to provide clients with an objective and detailed comparative assessment of product offerings and strategies of key providers specific to a market segment. The detailed profiles of players operating in the membrane microfiltration market are also provided in the report, which highlight company description, product/segment overview, SWOT analysis, financial information, key developments related to the membrane microfiltration market and the strategic overview.
The next section of the report highlights the market outlook for 2018–2028 and sets the forecast within the context of the membrane microfiltration market by region.
The sections – by material type, application and regions – evaluate the historic market analysis and growth prospects of the membrane microfiltration market for the period 2018–2028. We have considered 2017 as the base year and provided data for the forecast period.
The final section of the report represents the global scenario of the membrane microfiltration market along with y-o-y growth and market forecast till 2028. This section also evaluates the global market opportunity over the forecast period as well as the absolute dollar opportunity for each year. This section will help to understand the overall market growth for infusion pumps and the opportunity analysis for every year over the forecast period.
To arrive at the market size, bottom-up approach is used to validate the total market size obtained for the membrane microfiltration market. The forecast presented in the report provides total revenue of the membrane microfiltration market over 2018–2028. FMI has used the triangulation methodology, which is primarily based on experimental techniques such as patient-level data to obtain precise market estimations for infusion pumps and insights on specific country/regions. The country-specific data is again analysed to derive data at a regional level and then at a global level. This methodology ensures high quality and accuracy of information.
The factors considered while developing the estimates of the membrane microfiltration market are GDP growth, biopharmaceutical industry growth, chemical industry growth, and water management industry growth.
On the other hand, FMI has also analysed the market by considering the revenue from the key players operating in the membrane microfiltration market. The key players are segmented at a tier level with respect to their revenues, product portfolio and geographical presence. This process involves analysis of annual reports of various companies, investor presentations, SEC filings, 10k reports, earning call transcripts and press releases. This task is done to fetch substantial information about the key players, their respective revenues and estimate their respective market share.
The revenue growth of the key players operating in the membrane microfiltration market is analysed over the historical period, and the qualitative assessment of new product launches and innovations has been made in order to validate and align the resultant market numbers. The market structure is closely studied and analysed at a regional level to map and ascertain incremental $ opportunity for companies, for instance, supply from domestic/regional players, small-scale enterprises or unorganized segments is also taken into consideration to arrive at the final market numbers.
While forecasting the market size for the membrane microfiltration market, we have considered the impact of several factors such as GDP growth, biopharmaceutical industry growth, chemical industry growth, and water management industry growth and company’s penetration across all the regions. However, quantifying the membrane microfiltration market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed. In addition, we have taken into consideration the year-on-year growth to understand the predictability of the membrane microfiltration market and to identify the precise growth opportunities in the global membrane microfiltration market.