Membrane Filtration Market Highlights 2020 – 2029
The global membrane filtration market is estimated to garner a sizeable revenue by growing at a notable CAGR over the forecast period, i.e., 2021 – 2029. The growth of the market can be attributed to factors such as rising awareness of consumers regarding the benefits of filtration processes, increasing demand for premium quality membrane filtration systems, and stringent government regulations associated with the conservation of water. Along with these, rise in technological advancements in developing effective purification technologies is also expected to impact the market positively.
The market is segmented by type into ultrafiltration (UF), microfiltration (MF), nanofiltration (NF), and reverse osmosis (RO), out of which, the reverse osmosis segment is anticipated to hold the largest share in the membrane filtration market on account of the high efficiency of this process in view of water purification and ability to remove majority of the mineral contaminants effectively. Based on application, the segment for water is expected to grow with the highest CAGR during the forecast period, which can be credited to the increasing usage of filtration techniques for the removal of harmful microbial microorganisms from water. According to the World Health Organization, around 2 billion people use drinking water source contaminated with feces. The growing emphasis of governments to reduce the consumption of chemicals in water treatment is also projected to boost the growth of this segment over the forecast period. On the basis of filter design, the tubular systems section is evaluated to witness the fastest growth in the coming years owing to the effectiveness of these equipment in producing high-level processed water, and the rise in demand for these systems in the beverage and dairy industries.
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Global Membrane Filtration Market Regional Synopsis
Geographically, the membrane filtration market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific region is estimated to grab the largest market share and witness noteworthy growth over the forecast period on the back of increasing usage of membrane filtration systems for water purification purposes. Furthermore, China’s market is expected to generate the largest amount of revenue in the future owing to the increasing population and the rise in demand for sustainable techniques to remove impurities from water. China’s population grew by approximately 0.40 % in the year 2020. However, India is expected to be one of the most crucial nations for this region’s market expansion in the forecast period accounting to the growing requirement for filtration in the dairy and food industries, intensifying application of membrane filters during the production of functional foods, and the increasing purchasing power of population.
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The membrane filtration market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the membrane filtration market includes the following segments:
By Type
- Ultrafiltration (UF)
- Microfiltration (MF)
- Nanofiltration (NF)
- Reverse Osmosis (RO)
By Application
- Water
- Dairy
- Starch and Sweetener
- Sugar
- Chemical
- Pharmaceutical
By Membrane Material
- Polymeric
- Ceramic
By Filter Design
- Tubular
- Spiral
- Frame
- Plate
Growth Drivers
- Growing Consumer Awareness Regarding Filtration Processes to Drive Market Growth
- Increasing Demand for High-Quality Filtration Systems to Expand Market
Challenges
- High Implementation Cost of Membrane Filtration Systems to Hinder Market Growth
Top Featured Companies Dominating the Market
- The Dow Chemical Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Pall Corporation
- Suez WTS USA, Inc.
- GEA Group Aktiengesellschaft
- 3M Company
- Koch Separation Systems, Inc.
- VEOLIA ENVIRONNEMENT SA
- SPX FLOW, Inc
- ProMinent GmbH
- Porvair plc
- Alfa Laval Corporate AB
