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According to a new and updated technical market research report, Ultrafiltration Membrane Markets -MST044B from BCC Research, the US market for ultrafiltration (UF) membranes was worth US$579 million in 2005 and US$635 million in 2006. At a compound annual growth rate (CAGR) of 7.4%, this market is expected to reach US$908 million by 2011.
Broken down between bioseparations/medical and municipal/industrial applications, BCC expects the market to remain largely split down the middle throughout the forecast period. Bioseparations should grow slightly to account for 52% of the total market value throughout the forecast period while municipal/industrial applications will drop slightly to 47%. Bioseparation/medical applications are predicted to have the highest CAGR throughout the forecast period. BCC Research suggests that this sector of the market was worth US$324 million in 2006 and will grow to US$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, BCC says that 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.) BCC highlights the large replacement market for membranes that also exists in this
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