The Membrane Filtration Global Market Report 2023 by The Business Research Company, provides membrane filtration market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Membrane Filtration Global Market Report 2023, the market size is expected to grow from $15.36 billion in 2022 to $16.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the membrane filtration market is expected to reach $22.26 billion in 2027 at a CAGR of 7.5%.
The increasing cases of water pollution and waterborne diseases is expected to drive the growth of membrane filtration market. Water pollution occurs when toxic substances, often chemical products or microorganisms, are discharged into a stream, river, lake, or ocean. Such occurrences of water pollution arise the scarcity of pure and drinkable water. Due to the sheer rise in water pollution, there is a increase in waterborne diseases. These membrane filteration serve as a viable alternative for water treatment through microfiltration or ultrafiltration that enhance the water quality by removing the particles contaminating the water
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The membrane filtration market is segmented:
1) By Type: Reverse Osmosis, Ultrafiltration, Microfiltration, Nanofiltration
2) By Module Design: Spiral Wound, Tubular Systems, Plate & Frame, Hollow Fiber
3) By Membrane Material: Polymeric, Ceramic
4) By End User: Wastewater Treatment, Healthcare, Food & Beverage, Other End User
Technological advancement is a key trend gaining popularity in the membrane filtration market. Recently, the market has witnessed the demand for ozone membrane filtration, such as ultrafiltration, nanofiltration, microfiltration, reverse osmosis, and forward osmosis, to enhance the water quality by removing the particles contaminating the water. Major companies operating in the membrane filtration market are focused on innovating new technologies to sustain their position in the market. For instance, in April 2021, Koch Separation Solutions, a US-based company operating in membrane filtration and ion exchange technologies, launched INDU-COR™ HD (High Density). This upgraded technology is intended to treat different industrial waste streams more effectively. With a higher packing density of up to 300% offered by INDU-COR HD, crossflow filtration is more cost effective and takes up less room. The 8mm PVDF tubule configuration of INDU-COR HD is an additional product line from KSS that complements its existing FEG PLUS®, ULTRA-CORTM, and INDU-COR product lines.
The membrane filtration market report table of contents includes:
1. Executive Summary
2. Membrane Filtration Market Market Characteristics
3. Membrane Filtration Market Market Trends And Strategies
4. Membrane Filtration Market Market – Macro Economic Scenario
5. Membrane Filtration Market Market Size And Growth
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26. Africa Membrane Filtration Market Market
27. Membrane Filtration Market Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Membrane Filtration Market Market
29. Membrane Filtration Market Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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