[FURL=https://www.industryarc.com/Report/19572/membrane-filtration-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Membrane Filtration Market[/FURL] size is expected to be valued at $2.3 billion by the end of the year 2026 and is set to grow at a CAGR of 6.8% during the forecast period from 2021-2026. The growing application of membrane filtration technologies in wastewater treatment is one of the major factors driving the membrane filtration market. The increasing government regulations regarding water purification is also contributing to the increase in demand for membrane filtration market.Key Takeaways
Asia-Pacific market held the largest share in the membrane filtration market owing to the growth in the population coupled with the increase in the spending capacity of the middle class group family on premium products. The increase in government regulations regarding wastewater treatment is also driving the membrane filtration market in the region.
The growing dairy and food industry is also contributing to the growth of the membrane filtration market as it is used in the separation of emulsified oils in food and beverages.
The increasing demand for membrane filtration technologies in water purification is also majorly driving the membrane filtration market.
Amid the Covid-19 pandemic, the membrane filtration market witnessed a major downfall due to the various restrictions laid down by countries across the globe.
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Membrane Filtration Market Segment Analysis – By Geography
Asia-Pacific region held the largest share of 40% in the membrane filtration market in the year 2020. The rapid growth of population in countries like India and China coupled with the increase in demand for safe water resources for the population is increasing the demand for wastewater treatment in the region. According to data provided in National Informatics Centre of India, the total operational capacity of wastewater treatment plants in India, as updated during June 2021 is 26,869 mega liters per day. In 2020, 107 million people across India got access to safe drinking water at home.
Membrane Filtration Market Drivers
Increasing awareness about wastewater treatment
The growing dairy and food industry
Membrane Filtration Market Industry Outlook
Acquisitions and mergers, production expansion, facility expansion collaborations, partnerships, investments, are some of the key strategies adopted by players in the Membrane Filtration Market. The major players in the Membrane Filtration Market include Thermo Fisher Scientific, The Merck Group, 3M, Pall Corporation, Cytiva, GEA Group AG, ProMinent Group, Porvair Filtration Group, Guo Chu Technology (Xiamen) Co., Ltd., Filtration Group, SUEZ, Veolia among others.
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