Membrane Filtration Market Segmented By Ultrafiltration, Microfiltration, Nanofiltration, Chromatography, Reverse Osmosis Filter Type for Wastewater Treatment, Healthcare, Food & Beverage
As per Persistence Market Research’s latest industry analysis, global membrane filtration market growth value was US$ 20.3 Bn in 2021 and the market is projected to exhibit a noteworthy CAGR of 7.1% over the forecast period (2022-2032).
The membrane filtration market is growing due to the increased application of membrane filters in industrial biotechnology. Furthermore, the increasing use of large-molecule biopharmaceuticals has boosted the demand for membrane filters in industrial sectors.
Membrane filtration is being embraced in the production of biofuels and is being integrated into bio-refineries to reduce the overall cost of energy, raise valuable product recovery, and reduce the amount of waste. There is a rise in chemical processes that involve obtaining optimum yields from fermentation chemicals such as amino acids, organic acids, vitamins, enzymes, and polymers. This increased application in industrial biotechnology is expected to drive the demand growth of membrane filtration over the coming years.
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Key Takeaways from Market Study
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“With the rising usage of membrane filtration to increase the shelf life of food, manufacturers are coming up with robust membrane microfiltration units. Rising government expenditure for wastewater management is also set to propel the sales of membrane filtration across the world,” says an analyst of Persistence Market Research.
Market Competition
The market for membrane filtration is fragmented and several local, emerging, and established players are operating within the market. Key players have initiated acquisitions as well agreements with other companies to continue their dominance.
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What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the membrane filtration market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.
The research study is based on filter type (ultrafiltration, microfiltration, nanofiltration, chromatography, reverse osmosis) and end user (wastewater treatment, healthcare, food & beverages, others), across seven key regions of the world.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services.
Jun 20, 2023