The Worldwide Ultrafiltration Industry is Expected to Reach $5.72 Billion by 2030 - ResearchAndMarkets.com
07 Nov 2022
DUBLIN--(BUSINESS WIRE)--The "Ultrafiltration Market Size, Share, Trends, By Type, By Module, By Application, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
'Ultrafiltration Market Size, Share, Trends, By Type, By Module, By Application, and By Region Forecast to 2030'
The global ultrafiltration market is forecast to reach USD 5.72 Billion by 2030, according to this report. Ultrafiltration is a pressure-driven separation process that uses membrane technology to separate macromolecules and colloids from a solution on the basis of molecular weight.
Increasing demand for safe drinking water, rapid industrialization and urbanization, stringent government regulations regarding wastewater discharge, and technological advancements are expected to fuel market growth during the forecast period.
The market is anticipated to gain significant momentum in the next few years owing to the growing need for clean and safe water. In addition, rising awareness about the benefits of ultrafiltration, such as its ability to remove contaminants from water, is expected to boost market growth in the coming years. Furthermore, increasing investment by leading companies in research and development activities is expected to create new opportunities for market expansion in the near future.
Technological advancement is one of the key trends being witnessed in the ultrafiltration market. Membrane manufacturers are continuously investing in research and development to develop new and improved membranes with higher flux and better selectivity. In December 2017, DowDuPont Inc. announced the launch of its new product, the FILMTECT EC-LM (Enhanced Chemistry - Low Minerals) Element. This product is designed for use in low-mineral water applications and offers high flux and stable operation.
Further key findings from the report suggest
In terms of application, the ultrafiltration market has been categorized into drinking water treatment, wastewater treatment, process water treatment, and others. Among these, the wastewater treatment application segment is anticipated to grow at the highest CAGR during the forecast period.
The ultrafiltration market has been classified on the basis of membrane type into polymeric, ceramic, and others. The polymeric membranes segment is anticipated to grow at the highest CAGR during the forecast period. This is due to their low cost and easy availability as compared to other membrane types.
On the basis of module type, the ultrafiltration market has been classified into cassette modules, plate-and-frame modules, and others. The plate-and-frame modules segment is anticipated to grow at the highest CAGR during the forecast period. This is due to their ability to provide a larger surface area for filtration, thereby increasing the efficiency of the overall process.
The ultrafiltration market has been segmented on the basis of end-use industry into municipal, power, food & beverage, pharmaceuticals, oil & gas, and others. The municipal application segment is anticipated to grow at the highest CAGR during the forecast period due to the increasing demand for clean water from urban areas.
Geographically, the ultrafiltration market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among these regions, Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the rapid industrialization and urbanization in the region.
Companies Mentioned
Koch Separation Solution
3M
Alfa Laval
For the purpose of this report, the author have segmented into the global Ultrafiltration market on the basis of type, module, application, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Polymeric
Ceramic
Module Outlook (Revenue, USD Billion; 2019-2030)
Plate and Frame
Tubular
Others
Application Outlook (Revenue, USD Billion; 2019-2030)
Municipal Treatment
Industrial Treatment
Food & Beverage Processing
Pharmaceutical Processing
Chemical & Petrochemical Processing
Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Sweden
BENELUX
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Israel
Rest of MEA
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