Membrane Filtration Market to Grow at a CAGR of 6.4% During the Forecast Period 2020-2025

Membrane Filtration Market to Grow at a CAGR of 6.4% During the Forecast Period 2020-2025

“Membrane Filtration Market”
Increasing Growth in Pharmaceutical Industry and Rise in Awareness Among Consumers for Drinking Clean Water Are the Major Factors Driving the Growth of the Market.

Membrane Filtration Market size in 2019 is estimated to be $1,350 million, growing at a CAGR of 6.4% during the forecast period 2020-2025. Membranes are thin layer of semi-permeable and porous sheets of material that separate contaminates from water when a driving force is applied across the membrane. Membrane processes are increasingly employed in drinking water and wastewater treatment for the removal of microorganisms, bacteria, natural organic materials, and particulates, which impart taste, odor, and color to water and react with disinfectants to form disinfection byproducts. Increasing growth in pharmaceutical industry and rise in awareness among consumers for drinking clean water are the major factors driving the growth of the market. Moreover, rising disposable income and advancement of R&D activities further enhance the overall market demand for membrane filtration during the forecast period 2020-2025.

Membrane Filtration Market Segment Analysis – By Type

Based on the Type, Membrane Filtration Market is segmented into Reverse Osmosis (RO), Ultrafiltration (UF), Microfiltration (MF), Nanofiltration (NF). The Reverse Osmosis (RO) segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 6% during the forecast period 2020-2025. The reverse osmosis (RO) technology is used to remove the harmful contaminants from water by increasing the pressure on the water to move through a semi-permeable membrane. Thus, RO witnesses a huge demand for water purification purposes are contributing to the growth of this segment.

Membrane Filtration Market Segment Analysis – By Application

Based on the Application, Membrane Filtration Market is segmented into Water & Wastewater, Food & Beverages. In 2019, Water & Wastewater held the largest share in the Membrane Filtration Market. Membrane filtration technologies are increasingly being used for the removal of bacteria, microorganisms, particulates, and natural organic material from water, which change the color, taste, and odor of water are contributing to the growth of this segment.

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Membrane Filtration Market Segment Analysis – By Geography

Asia Pacific dominated the Market share accounting for 38% of the market in 2019. This is mainly owing to increasing usage of membrane filtration in water processing plants for purification and in dairy and other food industries.

However, the North America region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing increasing government support for membrane filtration technology.

Membrane Filtration Market Drivers

Increasing Growth in Pharmaceutical Industry

Increasing growth in bio based pharmaceutical industry are some factors driving the market growth of this segment. In addition, advance technologies in the membrane filtration field which are increasing the market growth of Membrane Filtration.

Rise in Awareness among Consumers for Drinking Clean Water

Increasing awareness among consumers for drinking clean water are some factors driving the growth of this market. Moreover, rising demand for premium products and efficiencies offered by membrane filtration technologies are contributing to the growth of Membrane Filtration Market.

Membrane Filtration Market Challenges

High cost of equipment are challenging the growth of the market. Moreover, high flow rates used in cross-flow feed damage shear sensitive materials further restraining the market growth during the forecast period 2020-2025.

Membrane Filtration Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Membrane Filtration Market. Membrane Filtration top 10 companies are Pall Corporation, Suez SA., Alfa Laval, 3M Company, DuPont Inc., Koch Membrane Systems Inc., SPX Flow, Inc., Prominent GmbH, Pentair Plc., and Porvair Filtration Group.

Acquisitions/Product Launches:

On April 2018, Hyosung Corporation launches its new Membrane Filtration plant in order to improve filtration.

Key Takeaways

In 2019, Asia Pacific dominates the Membrane Filtration Market owing to increasing usage of membrane filtration in water processing plants for purification and in dairy and other food industries.

Increasing growth in pharmaceutical industry and rise in awareness among consumers for drinking clean water is driving the market growth of membrane filtration.

Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Membrane Filtration Market report.

High cost of equipment are challenging the growth of the market.

Related Reports :

A. Membrane Waste Water Treatment Market

https://www.industryarc.com/Research/Membrane-Waste-Water-Treatment-Market-Research-502937

B. Nanofiltration Membranes Market

https://www.industryarc.com/Research/Nanofiltration-Membranes-Market-Research-501600

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