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.
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