Membrane Filtration Market: Current Analysis and Forecast (2021-2027)
Global membrane filtration market was valued around US$ 14 billion in 2020 and is expected to demonstrate a growth rate of more than 6% during the forecast period (2021-2027).
A rise in the food processing, dairy processing industry is generating the demand of the membrane filtration market. The rise in the dairy industry is witnessing an untick on account of the rising production as well as consumption of milk and its byproducts such as yogurt, cheese, milk powder, and others along with increased demand for automation in dairy products manufacturing. For instance, as per the National Dairy Development Board, there were 187.7 million tons of production of milk in India in the year 2018-2019. Also, in 2016, over 212.4 billion pounds of cow's milk were produced in the U.S., and it amounted to about 223.1 billion pounds at the end of 2020.
Moreover, a rise in disposable income across the globe is resulting in the increasing demand for frozen food, bakery products, etc. Also, In addition, the increase in rural-urban migration has led to an increase in street vending, ready-to-eat, and convenience foods Therefore, the demand for membrane filtration is emerging by the countries 17,000 new SCIs occur in the U.S and as many as 450,000 people in the country are living with a spinal cord injury (SCI)
DuPont, Alfa Laval, GEA Group AG, Suez Water Technologies & Solutions, Pall Corporation, 3M Company, Koch Membrane Systems, Inc., Veolia, Prominent GmbH, and Pentair PLC. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst Type, RO segment holds the major share”
Based on the Type, the market is fragmented into RO, UD, MF, and NF. The RO segment of the Global Membrane Filtration Market grabbed the major market share and dominated the market.
“Amongst Application, Water & Wastewater segment grabbed Major Market share in 2020”
Based on the application, the market is fragmented into water & wastewater and Food & beverages. The water and Wastewater segment grabbed major market share in 2020. Furthermore, the food and beverage segment is segregated into Dairy Products, Drinks and Concentrates, Wine and Beer, and Other Food & Beverage.
“Amongst Module Design, Spiral Wound segment to dominate the market during the forecast period”
Based on the Module Design, the market is mainly fragmented into Spiral Wound, Tubular Systems, Plate & Frame, and Hollow Fiber. The spiral wound segment grabbed major market share in 2020. However, the tubular systems segment would emerge in the forecast period and would witness the highest CAGR during the forthcoming period.
“Amongst Membrane Material, the Polymeric Segment to dominate the market during the forecast period”
Based on the Membrane Material, the market is mainly fragmented into Polymeric, Ceramic. The Polymeric segment captured the significant share in 2020. Moreover, this segment is expected to grow at a substantial rate during the forecast period. Furthermore, the Ceramic segment is expected to witness the considerable CAGR during the forecast period
“North America represents one of the largest markets of Membrane Filtration market”
For a better understanding of the market dynamics of the Membrane Filtration market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the market in 2020. Moreover, the region is expected to witness the highest CAGR during the forecast period.
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