Membrane Filtration Technologies Market to be Worth $22.2 Billion by 2030

Meticulous Research®—a leading global market research company, published a research report titled, 'by Type (Reverse Osmosis, Ultrafiltration, Microfiltration, Nanofiltration), Construction, Membrane Material (Polymeric, Ceramic), Sector (Municipal, Residential, Industrial) - Global Forecast to 2030.'

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According to this latest publication from Meticulous Research®, the membrane filtration technologies market is projected to reach $22.2 billion by 2030, at a CAGR of 6.9% during the forecast period. The growth of the membrane filtration technologies market is driven by the growing need for water reclamation and reuse technologies, the high consumption of water in the food & beverage processing industry, and the increasing prevalence of waterborne diseases. However, high installation, maintenance, and operating costs and a lack of awareness of using water treatment techniques restrain the growth of this market.

The growing demand for energy-efficient and advanced water treatment technologies is expected to create growth opportunities for the players operating in the membrane filtration technologies market. However, retrofitting membrane filtration technologies in existing infrastructure poses a major challenge for market growth.

Meticulous Research® has segmented this market based on type, construction, membrane material, sector, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, in 2023, the reverse osmosis segment is expected to account for the largest share of the membrane filtration technologies market. The large market share of this segment is attributed to the increasing demand for low energy-consuming water treatment processes and increasing use of alternative water source treatments, including desalination plants and wastewater recycling.

Based on construction, in 2023, the spiral wound membrane segment is expected to account for the largest share of the membrane filtration technologies market. The large market share of this segment is attributed to the increasing demand for spiral wound membranes as they are cost-effective solutions available for the filtration process and rising the demand of spiral wound membranes across various sectors such as food & beverage, water & wastewater, residential, municipal, and industrial sectors.

Based on membrane material, in 2023, the polymeric segment is expected to account for the largest share of the membrane filtration technologies market. The large market share of this segment is attributed to the increasing demand for polymeric membranes across various sectors such as food & beverage, chemical, and water & wastewater treatment, as they are cost-effective, have high selectivity, and are simple to prepare and operate.

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Based on sector, in 2023, the municipal segment is expected to account for the largest share of the membrane filtration technologies market. The large market share of this segment is attributed to the growing need for membrane filtration technologies for water and wastewater treatment across the municipal sector.

Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the membrane filtration technologies market. The large market share of this segment is attributed to the rapid growth of industrialization, advances in membrane technology, increased environmental deterioration, and declining availability of clean water.

Key Players:

The key players operating in the membrane filtration technologies market are 3M Company (U.S.), GEA Group Aktiengesellschaft (Germany), Pall Corporation (U.S.), Veolia Water Technologies, Inc. (France), Koch Separation Solutions (U.S.), Alfa Laval AB (Sweden), DuPont de Nemours, Inc. (U.S.), Synder Filtration Inc. (U.S.), ProMinent GmbH (Germany), Pentair plc (U.S.), Porvair Filtration Group (U.K.), Advantec MFS, Inc. (U.S.), Thermax Limited (India), Suez SA (France), and SPX Flow, Inc. (U.S.).

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Key questions answered in the report-

· Which are the high-growth market segments in terms of type, construction, membrane material, sector, and geography?

· What is the historical market for membrane filtration technologies across the globe?

· What are the market forecasts and estimates for the period 2023–2030?

· What are the major drivers, restraints, and opportunities in the membrane filtration technologies market?

· Which are the major players in the membrane filtration technologies market, and what market share do they hold?

· How is the competitive landscape?

· What are the recent developments in the membrane filtration technologies market?

· What are the different strategies adopted by the major players in this market?

· What are the geographic trends and high-growth countries?

· Which are the local emerging players in the membrane filtration technologies market, and how do they compete with the other players?

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