(I-BusinessNews.Com, January 15, 2020 ) The global membrane filtration market is estimated to be valued at USD 13.5 billion in 2019 and is projected to reach USD 19.6 billion by 2025, at a CAGR of 6.4% from 2019 to 2025. The demand for membrane filtration is significantly increasing due to factors such as rapidly growing dairy industry, stringent regulations for water safety & filtration, and rising demand for premium products. High set-up costs inhibit the growth of membrane filtration market. The Asia Pacific region is projected to hold the largest market owing to the usage of membrane filtration in water processing plants for purification and the dairy and food industries for pasteurization, sterilization, and concentration processes.
The membrane filtration market, based on type, constitutes of four segments, namely reverse osmosis (RO), ultrafiltration (UF), microfiltration (MF), and nanofiltration (NF). The reverse osmosis (RO) segment is projected to grow at the highest CAGR as it is used to remove the harmful contaminants from water by increasing the pressure on the water to move through a semi-permeable membrane. Also, reverse osmosis (RO) offers high efficiency in terms of water purification; it can typically remove up to 99% of most of the mineral contaminants. Thus, RO witnesses a huge demand for water purification purposes as well.
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Membrane filtration market, based on application, is segmented into water & wastewater and food & beverages. The food & beverages segment is estimated to grow at the highest CAGR as membrane filtration technology is gaining significant acceptance in the food & beverage industry for increasing the safety, quality, and shelf-life of the food & beverage products. The major functions of membrane technology in the food industry, along with desalination include standardization, concentration, clarification/separation, and fractionation.
Membrane filtration market, by module design, is segmented into the spiral wound, tubular systems, and plate & frame and hollow fibers. The tubular systems segment is estimated to grow at the highest CAGR due to their extensive usage in water applications, as they are highly efficient in removing contaminants and producing high-quality processed water. Apart from water, tubular system modules are steadily gaining ground in the dairy and wine industries. In dairy applications, they are used for the reduction of bacteria in milk, whey, whey protein concentrates, and brine. In the wine industry, they are used for the filtration of wine.
The membrane filtration market, based on membrane material, constitutes of two segments, namely polymeric and ceramic. The ceramic segment is projected to grow at the highest CAGR due to the high resistance offered by this type to extreme temperature conditions and chemicals. Due to properties such as extremely high chemical and physical stability, long lifespan, and effective separation, the ceramic membrane is majorly utilized in the water processing industry. Further, these membranes are also used in the food & beverage industry for several applications such as clarification of juice and beer, dewatering of products, sterilization of milk and whey, the concentration of juices, and desalination of whey.
Increasing instances of waterborne diseases and growth potential in Asian and Middle Eastern markets prove to be some of the opportunities in this market.
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The key players profiled in the membrane filtration market include DowDuPont (US), Suez Water Technologies and Solutions (US), Alfa Laval AB (Sweden), GEA Group AG (Germany), Pall Corporation (US), 3M Company (US), Koch Membrane Systems Inc (US), Veolia (France), SPX Flow, Inc. (US), Prominent GmbH (Germany), Pentair Plc. (US), and Porvair Filtration Group (UK). These companies are focusing on strategies such as new product launches, expansions, mergers & acquisitions, and agreements & partnerships to expand their operations across the globe.
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