Membrane Filtration Market size was over USD 7.08 billion in 2023 and is projected to cross USD 17.69 billion by the end of 2036, witnessing more than 7.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of membrane filtration is estimated at USD 7.49 billion.
The growth of the market can be attributed to factors such as rising awareness of consumers regarding the benefits of filtration processes, increasing demand for premium quality membrane filtration systems, and stringent government regulations associated with the conservation of water. Along with these, rise in technological advancements in developing effective purification technologies is also expected to impact the market positively.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
7.3% |
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Base Year Market Size (2023) |
USD 7.08 billion |
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Forecast Year Market Size (2036) |
USD 17.69 billion |
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Regional Scope |
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The market is segmented by type into ultrafiltration (UF), microfiltration (MF), nanofiltration (NF), and reverse osmosis (RO), out of which, the reverse osmosis segment is anticipated to hold the largest share in the membrane filtration market on account of the high efficiency of this process in view of water purification and ability to remove majority of the mineral contaminants effectively. Based on application, the segment for water is expected to grow with the highest CAGR during the forecast period, which can be credited to the increasing usage of filtration techniques for the removal of harmful microbial microorganisms from water. According to the World Health Organization, around 2 billion people use drinking water source contaminated with feces. The growing emphasis of governments to reduce the consumption of chemicals in water treatment is also projected to boost the growth of this segment over the forecast period. On the basis of filter design, the tubular systems section is evaluated to witness the fastest growth in the coming years owing to the effectiveness of these equipment in producing high-level processed water, and the rise in demand for these systems in the beverage and dairy industries.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Application |
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By Membrane Material
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By Filter Design
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Geographically, the membrane filtration market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is anticipated to account for largest revenue share by 2036, driven by increasing usage of membrane filtration systems for water purification purposes. Furthermore, China’s market is expected to generate the largest amount of revenue in the future owing to the increasing population and the rise in demand for sustainable techniques to remove impurities from water. China’s population grew by approximately 0.40 % in the year 2020. However, India is expected to be one of the most crucial nations for this region’s market expansion in the forecast period accounting to the growing requirement for filtration in the dairy and food industries, intensifying application of membrane filters during the production of functional foods, and the increasing purchasing power of population.
Author Credits: Rajrani Baghel
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