DUBLIN--(BUSINESS WIRE)--The "Membrane Filtration Market by Type (RO, MF, UF, NF), Application (Water & Wastewater, Dairy Products, Drinks & Concentrates), Membrane Material (Polymeric, Ceramic), Module Design (Spiral, Tubular), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The membrane filtration market is estimated to be valued at USD 12.66 billion in 2018, and is projected to reach USD 17.34 billion by 2023, at a CAGR of 6.5% from 2018.
Extensive R&D activities have been undertaken to optimize the process and make it compatible for usage in various food, beverages, water, and wastewater applications. The fast-growing dairy industry across the world, process efficiency, emerging technologies in membrane filtration, and the rising demand for high-quality and safe food products are some of the major factors that are expected to drive the global membrane filtration market growth during the forecast period. However, the high set up cost is a major restraining factor for this market. Lack of awareness about the advantages of membrane filtration is a major challenge for the membrane filtration market.
The reverse osmosis segment is projected to grow at the highest CAGR among all membrane filtration technology types from 2018 to 2023. Reverse osmosis offers high efficiency in terms of water purification; it can typically eliminate up to 99% of most of the mineral contaminants. It is largely being demanded for its functions such as purification, fractionation, desalination, demineralization, and deionization.
Spiral wound segment is gaining huge demand for food & beverages manufacturers. Spiral wound modules are highly efficient in terms of juice concentration process. They are significantly utilized in the concentration of sugarcane, orange, and synthetic juices. In the dairy industry, these modules are utilized for applications such as whey and cheese concentration.
Membrane filtration technologies are increasingly being used for the removal of bacteria, microorganisms, particulates, and natural organic material from water, which can change the color, taste, and odor of water. Factors such as the growing emphasis on reducing the usage of chemicals in water treatment, advantages such as effective purification and reduced operation cost offered by membrane filtration technology, and government bodies across the globe adopting this technology in order to provide safe and clean drinking water to the households are driving the growth of the membrane filtration market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Membrane Filtration Market, By Application
7 Membrane Filtration Market, By Membrane Material
8 Membrane Filtration Market for Food & Beverages, By Type
9 Membrane Filtration Market for Food & Beverages, By Module Design
10 Membrane Filtration Market for Food & Beverages, By Region
11 Competitive Landscape
12 Company Profiles
- DOW Chemical Company
- Suez Water Technologies & Solutions
- Alfa Laval
- Pall Corporation
- 3M Company
- Koch Membrane Systems
- Veolia Water Technologies
- Fileder Filter Systems Ltd.
- Acwa Services
- Aquatech International
For more information about this report visit https://www.researchandmarkets.com/research/l76hqv/membrane?w=4