DUBLIN--(BUSINESS WIRE)--The "Ultrafiltration Market Size, Share, Trends, By Type, By Module, By Application, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global ultrafiltration market is forecast to reach USD 5.72 Billion by 2030, according to this report. Ultrafiltration is a pressure-driven separation process that uses membrane technology to separate macromolecules and colloids from a solution on the basis of molecular weight.
Increasing demand for safe drinking water, rapid industrialization and urbanization, stringent government regulations regarding wastewater discharge, and technological advancements are expected to fuel market growth during the forecast period.
The market is anticipated to gain significant momentum in the next few years owing to the growing need for clean and safe water. In addition, rising awareness about the benefits of ultrafiltration, such as its ability to remove contaminants from water, is expected to boost market growth in the coming years. Furthermore, increasing investment by leading companies in research and development activities is expected to create new opportunities for market expansion in the near future.
Technological advancement is one of the key trends being witnessed in the ultrafiltration market. Membrane manufacturers are continuously investing in research and development to develop new and improved membranes with higher flux and better selectivity. In December 2017, DowDuPont Inc. announced the launch of its new product, the FILMTECT EC-LM (Enhanced Chemistry - Low Minerals) Element. This product is designed for use in low-mineral water applications and offers high flux and stable operation.
Further key findings from the report suggest
- In terms of application, the ultrafiltration market has been categorized into drinking water treatment, wastewater treatment, process water treatment, and others. Among these, the wastewater treatment application segment is anticipated to grow at the highest CAGR during the forecast period.
- The ultrafiltration market has been classified on the basis of membrane type into polymeric, ceramic, and others. The polymeric membranes segment is anticipated to grow at the highest CAGR during the forecast period. This is due to their low cost and easy availability as compared to other membrane types.
- On the basis of module type, the ultrafiltration market has been classified into cassette modules, plate-and-frame modules, and others. The plate-and-frame modules segment is anticipated to grow at the highest CAGR during the forecast period. This is due to their ability to provide a larger surface area for filtration, thereby increasing the efficiency of the overall process.
- The ultrafiltration market has been segmented on the basis of end-use industry into municipal, power, food & beverage, pharmaceuticals, oil & gas, and others. The municipal application segment is anticipated to grow at the highest CAGR during the forecast period due to the increasing demand for clean water from urban areas.
- Geographically, the ultrafiltration market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among these regions, Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the rapid industrialization and urbanization in the region.
Companies Mentioned
- Pentair
- DuPont
- Parker-Hannifin Corporation
- Pall Corporation
- Koch Separation Solution
- 3M
- Hydranautics
- PCI Membranes
- Toray Industries Inc.
- Alfa Laval
For the purpose of this report, the author have segmented into the global Ultrafiltration market on the basis of type, module, application, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Polymeric
- Ceramic
Module Outlook (Revenue, USD Billion; 2019-2030)
- Hollow Fiber
- Plate and Frame
- Tubular
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Municipal Treatment
- Industrial Treatment
- Food & Beverage Processing
- Pharmaceutical Processing
- Chemical & Petrochemical Processing
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
For more information about this report visit https://www.researchandmarkets.com/r/swgmim
