April 16, 2015 -- According to new research published by the McIlvaine Company in the report, "Cartridge Filters: World Market," the market for membrane cartridges in the food and beverage industry is expected to rise to $800 million by 2020 in actual dollars, accounting for projected inflation. Further, the market in 2010 dollars is also projected to be $670 million.
The following lists the most profitable markets in 2010 U.S. dollars:
- Eastern Europe: $14 million
- Africa: $27 million
- CIS: $27 million
- Middle East: $32 million
- West Asia: $46 million
- South & Central America: $51 million
- Western Europe: $89 million
- NAFTA: $130 million
- East Asia: $206 million
- Total: $622 million
By 2019, sales of membrane cartridges for the food and beverage industry are expected to exceed $200 million. East Asia is the fastest growing market, while NAFTA and Western Europe -- net exporters of processed food and beverages -- follow closely behind. Filter use in these two regions is therefore relatively high in proportion to the food consumed.
Nearly half the revenues will be derived from sales to improve food and beverage product. These process filters are frequently replaced. The other 50 percent of revenues will come from the treatment of water and wastewater associated with processes. Specific applications are found in:
- Beer
- Wine
- Distilled spirits
- Soft drinks
- Fruit juices
- Baby foods
- High-fructose corn syrup
- Gelatin
- Edible oils
- Flavors and fragrances
See also:
"U.S. industrial plants spending $18B per year for flow control, treatment, finds study"
"Oil and gas industry to spend over $10B for valves in 2015, finds study"
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