Membrane Filtration Market - Forecasts from 2019 to 2024

The membrane filtration market is projected to grow at a CAGR of 5.98% to reach US$17,013.975 million in 2024 from US$12,010.884 million in 2018. Membrane filtration technology is used to enhance the quality and shelf life of dairy, food, and beverage products. Membrane filtration has wide application in food and beverages, water treatment, drinks, and concentrates. Increasing consumption of dairy products is expected to drive the demand for membrane filtration systems during the forecast period. In the water & wastewater industry, membrane filtration technology is used for desalination and purification of water. In addition, growing demand for dairy products with rising regulation for water safety and filtration is further expected to drive the growth in the coming years. Furthermore, technological advancement in the membrane filtration field is anticipated to propel the market growth opportunities for manufacturers and vendors during the forecast period.

Drivers

• Emerging Technologies in the Membrane Filtration Field
• Regulations for Water Safety and Filtration
• High growth in the dairy industry.

Restraints

• High equipment cost.

Industry Update

• In January 2019, Koch Membrane System installed the UK’s largest Membrane Bioreactor System.

Major industry players profiled as part of the report are, Pall Corporation, Koch Membrane System, Suez Water Technologies & Solutions, 3M Company, Veolia Water Technologies, Alfa Laval, Fileder Filter Systems Ltd, and ACWA Services among others.

Segmentation

The membrane filtration market has been analyzed through the following segments:

By TYPE

• Reverse Osmosis
• Ultrafiltration
• Microfiltration
• Nanofiltration

By APPLICATION

• Water & Wastewater
• Food & Beverages

BY MODULE

• Spiral wound
• Tubular systems
• Plate & frame
• Hollow fiber

By Geography

• North America
• USA
• Canada
• Mexico

• South America
• Brazil
• Argentina
• Others

• Europe
• Germany
• France
• United Kingdom
• Spain
• Others

• Middle East and Africa
• Saudi Arabia
• United Arab Emirates
• Israel
• Others

• Asia Pacific
• China
• Japan
• South Korea
• India
• Others