Membrane Filtration Market is projected to grow at a higher CAGR of 6.3% during the forecast period | Size, Share, Growth & AnalysisThe Membrane Filtration Market is slated to register at a CAGR of 6.3% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/membrane-filtration-market/
The factors driving growth of the Membrane Filtration Market includes strict regulations imposed by Governments regarding water safety, growing demand for dairy products around the world, increasing use of membrane filters to sterilize gas and liquids and improvements in the living standards. Moreover, expansion of the pharmaceutical industry, increase in the production of generic drugs, growing adoption of advanced technologies by manufacturers, rise in the launch of new products and rapid urbanization are boosting the market growth. In addition, the increasing investments by major companies on research and development, strategic mergers, and collaborations between leading players, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, insufficient knowledge amongst consumers is restricting growth of the Membrane Filtration Market.
The prominent players operating in the Membrane Filtration Market includes 3M Company, Koch Membrane Systems, Inc., Prominent GmbH, Alfa Laval, GEA Group AG, Dowdupont, Pentair PLC., SPX Flow Inc., Suez Water Technologies & Solutions, Pall Corporation, and Porvair Filtration Group, among others.
Based on Product Type, the Reverse osmosis (RO) segment is predicted to grow at a significant CAGR during the forecast period
Reverse osmosis-based membrane filtration removes harmful contaminants from water and mineral and enhances efficiency in purifying water, are some of the factors pushing growth of the segment.
Based on Module Design, the Tubular Systems segment is projected to capture the largest market share over the forecast period
Tabular based systems are increasingly used in wine and beer and dairy industry, remove contaminants to produce high-quality processed water, are propelling segment's growth.
Based on Region, the Asia-Pacific region is predicted to expand at a remarkable CAGR during the forecast period
Growing demand for premium dairy products across India, China and Japan, expansion of the wine and beer industry, rise in the production of generic drugs, rapid urbanization, increasing per capita incomes and high population size, are driving the market growth of Asia-Pacific region.
In 2019, Dowdupont decided to acquire Ultrafiltration membrane business from BASF SE. The acquisition will strengthen the portfolio of Dowdupont and to reach the next level of growth.
In 2019, Suez Water Technologies & Solutions entered singed an agreement with Wafilin Systems for the commercialization of filtration and separation systems.
In 2018, Porvair Filtration Group completed the acquisition of Keystone Filter to enhance its presence in the US market and to provide a wide range of cross-selling opportunities.
Segmentation by Product Type
Reverse osmosis (RO)
Segmentation by Application
Water & Wastewater
Food & Beverages
Drinks & Concentrates
Wine & Beer
Segmentation by Membrane Material
Segmentation by Module Design
Plates & Frames
Segmentation by Region
Rest of APAC
United States of America
Rest of Europe
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