The Membrane Filtration Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Membrane Filtration Global Market Report 2024, The membrane filtration market market size has grown strongly in recent years. It will grow from $16.6 billion in 2023 to $18.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to water and wastewater treatment needs, pharmaceutical and biotechnology applications, food and beverage industry requirements, growing dairy industry, environmental regulations compliance..
The membrane filtration market market size is expected to see strong growth in the next few years. It will grow to $24.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to biopharmaceutical industry expansion, rising demand for processed foods, advancements in healthcare practices, technological innovations in filtration, global population growth.. Major trends in the forecast period include expansion in pharmaceutical and biotechnology applications, rising demand for membrane bioreactors in wastewater treatment, integration of membrane filtration in food and beverage processing, advancements in hollow fiber membrane technology, increasing use of membrane filtration in the healthcare sector..
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 cause the scarcity of pure and drinkable water. Due to the sheer rise in water pollution, there is an increase in waterborne diseases. These membrane filtration serve as a viable alternative for water treatment through microfiltration or ultrafiltration that enhance the water quality by removing the particles contaminating the water. For instance, in July 2023, according to the Environment Agency, a UK-based non-departmental public body, there were 2,026 instances of sewage and water supply infrastructure issues reported in July 2022. This is an increase from the 1,883 incidents reported in 2021. Out of these, 368 cases impacted water supply assets, with the majority of them (345) being from the water distribution system. This is a significant increase from the 189 cases reported in 2021. Therefore, the increasing cases of water pollution and waterborne diseases will propel the growth of the membrane filtration market.
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The membrane filtration market market covered in this report 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 Users
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 Characteristics
3.Membrane Filtration Market Trends And Strategies
4.Membrane Filtration Market analysis
5. Membrane Filtration Market Size And Growth
6.Membrane Filtration Segmentation
7.Membrane Filtration Regional And Country Analysis
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27.Membrane Filtration Competitive Landscape And Company Profiles
28. Membrane Filtration Key Mergers And Acquisitions
29.Membrane Filtration Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Pall Corporation
- Koch Membrane Systems Inc.
- Pentair Plc.
- 3M Company
- Porvair Filtration Group
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