DUBLIN--(BUSINESS WIRE)--The "Ultrafiltration Market by Type (Polymeric, and Ceramic), Module (Hollow Fiber), Application (Municipal, and Industrial (Food & Beverage Processing, Chemical & Petrochemical Processing, Pharma Processing)), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The ultrafiltration market is projected to grow from USD 1,064.0 million in 2018 to USD 2,140.1 million by 2023, at a CAGR of 15.0% from 2018 to 2023
The scarcity of pure water has provided opportunities for ultrafiltration in brackish water purification. Increased purity standards and stringent environmental regulations for pure water are leading to an increase in water and wastewater treatment. This is further expected to drive the ultrafiltration market. The major restraint of the ultrafiltration market is the high requirement capital which makes it difficult for new players to enter in the market.
Ceramic segment is projected to be the fastest-growing type segment during 2018 to 2023. These membranes possess high porosity, high permeability, defined pore size, and good mechanical properties. These properties make them suitable for a wide range of applications such as water & wastewater treatment, pharmaceutical processing, chemical & petrochemical processing, and food & beverage processing. The high growth of this segment can be attributed to the increasing demand for processed food and agricultural demand in emerging economies such as China, India, and others.
Increasing demand from end-use industries such as chemical & petrochemical, pharmaceutical, water & wastewater treatment, and others is expected to drive the market for ultrafiltration in the APAC region. China is the biggest market in the world for ultrafiltration owing to its well-established industrial base. The slow growth rate in the North American and European markets is expected to affect the demand for ultrafiltration in these regions during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Indicators
7 Ultrafiltration Market, By Type
8 Ultrafiltration Market, By Module
9 Ultrafiltration Market, By Application
10 Ultrafiltration Market, By Region
11 Competitive Landscape
12 Company Profiles
- Hydranautics (A Nitto Denko Group Company)
- Koch Membrane Systems
- Pall Corporation
- Suez Water Technologies and Solutions
- The 3M Company
- Toray Industries, Inc.
- Alfa Laval
- Beijing Originwater Technology Co., Ltd.
- Evoqua Water Technologies LLC
- GEA Group
- Markel Corporation
- Microdyn-Nadir GmbH
- Parker-Hannifin Corporation
- PCI Membranes
- Scinor Water America, LLC
- Synder Filtration Inc.
- Toyobo Co., Ltd.
- Veolia Environment SA
- Veolia Water Technologies
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