Growth Drivers
Challenges
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. The market in Asia Pacific region is estimated to grab the largest market share and witness noteworthy growth over the forecast period on the back of 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.
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The membrane filtration market is further classified on the basis of region as follows:
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
7.3% |
Base Year Market Size (2024) |
USD 7.6 billion |
Forecast Year Market Size (2037) |
USD 18.99 billion |
Regional Scope |
|
Author Credits: Rajrani Baghel
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