Membrane Filtration Market Share

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.

Frequently Asked Questions (FAQ)

Increasing consumer awareness regarding water filtration processes is expected to drive market growth.

The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021- 2029.

Expensive implementation of membrane filtration systems is estimated to hamper the market growth.

Asia Pacific region is estimated to provide more business growth opportunities on the back of increasing demand for membrane filtration for water purification.

The major players in the market are The Dow Chemical Company, Pall Corporation, 3M Company, Suez WTS USA, Inc., and others.

Membrane Filtration Market Share