Membrane Filtration Market Size Growth 2026 Forecast Research Report
New York, 24, Oct 2019: The global Membrane Filtration Market size is expected to reach USD 24.4 billion by 2026 according to a new study by Polaris Market Research. The report "Membrane Filtration Market Share, Size, Trends, Industry Analysis Report By Application (Water & Waste Water, Food & Beverages), By Module Design (Spiral Wound, Tubular Systems, Plate & Frame and Hollow Fiber);By Membrane Material (Polymeric, Ceramic); By Type, By Regions, Segments & Forecast, 2019 – 2026" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The membrane filtration market is projected to witness a significant growth over the forecast period. Touted as a difficult, intricate and futuristic technology in the recent past, the overall membrane filtration systems and technology have undergone huge changes and have now become an inevitable part of production processes serving a wide variety of applications. These changes have resulted in the revolutionization of number of application industries including food & beverages and water & wastewater treatment.
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High efficiency and ability to separate undesirable constituents from flow streams, low cost of operation and ease of usage has increased the adoption rate of membrane filtration products. They have become an indispensable part in high value applications such as fruit concentrates, waste water treatment, drinking water recovery, seawater desalination, high purity water generation among others. Economies of scales achieved by market participants, as well as optimization of the overall manufacturing technology have opened up new avenues such as residential drinking water treatment. Such trends are benefitting the overall market growth.
Wastewater recycling is another avenue that is providing promising opportunities to industry participants. Effectiveness in separating harmful content from water has resulted in the adoption of membrane filtration technology in wastewater recycling sub-segments such as secondary municipal effluent reuse. Apart from seawater as well as brackish water desalination, membrane filtrations are also being used to produce clean water fit for human consumption.
Asia Pacific emerged as the largest market in 2018 and is expected to maintain its dominance over the forecast period. Economic factors, rapid population growth, combined with scarcity of water has prompted countries such as China and India to setup ambitious targets pertaining to water reuse. This trend is in turn expected to benefit the membrane filtration demand for water treatment applications.
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The membrane filtration market is characterized by high intensity of industrial rivalry and has a presence of international as well as local market participants. Due to this high rivalry, companies are providing comprehensive solutions to customized needs of the clients in order to retain the customers and to gain market share. Broadening of product portfolio is another trend that is visible in the industry. Some of the major market participants include Alfa Laval, GEA Group AG, DowDuPont, Suez Water Technologies & Solutions, 3M, Pall Corporation, Koch Membrane Systems, Inc., Veolia, Prominent GmbH, Pentair Plc., SPX Flow Inc., and Porvair Filtration Group.