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U.S. Ultrafiltration Membrane Markets Will Reach $908 Million by 2011, States BCC Research Report
WELLESLEY, Mass.-(Business Wire)-March 14, 2007 - According to a new and updated technical market research report, Ultrafiltration Membrane Markets - MST044B from BCC RESEARCH (www.bccresearch.com), the total U.S. market value for ultrafiltration membranes was worth $579 million in 2005 and $635 million in 2006. At a compound annual growth rate (CAGR) of 7.4%, this market will reach $908 million by 2011.
Broken down between bioseparations/medical and municipal/industrial applications, the market remains largely split down the middle throughout the forecast period. Bioseparations will grow slightly to 52% of the total market value throughout the forecast period while municipal/industrial applications will drop slightly to 47%. Bioseparation/medical applications have the highest CAGR throughout the forecast period. In 2006 this sector of the market was worth $324 million and will grow to $476 million by 2011, a CAGR of 8.0%.
In the food and beverage industry, where UF is standard for producing dairy and juice products, profitable new applications are developing in separations needed for protein fractionation, corn and other mill product processing, nutraceuticals manufacture, and wastewater treatment (especially for the meat and poultry industries.) A large replacement market for membranes also exists in this sector, although large gains in sales of replacement products are offset somewhat by reductions in module cost.
Although UF currently lags behind some other membrane methods for potable water production, it is potentially a very large market. Because UF provides an absolute barrier to bacteria and viruses, communities are increasingly looking to UF as a safer treatment alternative. Beyond our five-year survey, future regulations that might mandate virus removal for municipal water utilities are met easily with UF, which would contribute significantly to market growth.
For industrial water users, UF will see increased application as part of the ultrapure water-making process required in power plants, semiconductor manufacture and other industries. UF's ability to treat "used" process water for recycling within the plant will add to market growth. As will UF applications for reclaiming used industrial cleaning compounds and recovering raw materials. The purification of various chemicals used by many manufacturing industries also will be important in UF growth. -0- *T TABLE U.S. MARKET FORECAST FOR UF MEMBRANES, THROUGH 2011 ($ Millions) CAGR 2006- 2011 Application 2000 2005 2006 2011 (%) ———————————————————- ——- ——- ——- ——- ——— Bioseparations/medical 182 290 324 476 8.0 ———————————————————- ——- ——- ——- ——- ——— Municipal/industrial 182 289 311 432 6.8 ———————————————————- ——- ——- ——- ——- ——— Total ultrafiltration 364 579 635 908 7.4 ———————————————————- ——- ——- ——- ——- ——— Source: BCC Research Published: February 2007 Price: $4250 *T -0- *T Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research (www.bccresearch.com), 40 Washington Street, Wellesley, MA 02481, Telephone: 866-285-7217; Email: publisher@bccresearch.com as the source and publisher, along with report number, which can be found in the first paragraph of this release. Thank you. To purchase a copy of this report or other market research publications please call 866-285-7215, e-mail sales@bccresearch.com, visit www.bccresearch.com. *T
