Membrane Filtration Market – Expected to Reach USD 17.36 Billion by 2028

Vantage Market Research

Jan 21, 2022

According to our latest report, titled, the Membrane Filtration Market is expected to reach USD 17.36 Billion by 2028, growing at a CAGR of 38% between 2022 and 2028. The growth in the dairy industry coupled with regulations for water safety & filtration is fuelling market growth for Membrane Filtration Market. The demand for premium products offered by membrane filtration technologies is increasing.

Key Findings:

  • The water & wastewater segment is projected to grow at a significant CAGR over the forecast period. Factors like more focus on reducing the usage of different chemicals in water treatment coupled with a reduction in operation cost offered by filtration technology are driving the segmental growth.
  • The reverse osmosis (RO) segment held a substantial market share in 2021. Reverse osmosis serves high efficiency in water purification. The reverse osmosis technology has gained importance in the beverage industry. Reverse osmosis can typically remove up to 99% of mineral contaminants. Thus, reverse osmosis is anticipated to grow significantly in the coming years.

Asia Pacific is expected to expand at the fastest CAGR from 2022 to 2028.

Growing usage of membrane filtration for purification in water processing plants and dairy & food industries for sterilization, pasteurization, and concentration processes in the region is driving the regional growth.

Some of the major players in the Membrane Filtration Market include - Suez Water Technologies and Solutions (US), DowDuPont (US), Alfa Laval AB (Sweden), GEA Group AG (Germany), 3M Company (US), Pall Corporation (US), Koch Membrane Systems Inc (US), SPX Flow, Inc. (the US), Veolia (France), Prominent GmbH (Germany), Porvair Filtration Group (UK) and Pentair Plc. (US).

The growing population all over has led to increased requirements for sustainable purification solutions to make sure a sufficient supply of drinking water. The growth in dairy products coupled with government initiatives for membrane filtration technology for water purification and increasing purchasing power of the middle-class for quality products are factors driving the market growth. On the contrary, the high initial cost of installation for membrane filtration is a factor pulling the market growth down.

Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period. The growth in this region is driven by the large industrial base in the region and increasing demand for ultrafiltration from industries such as pharmaceutical and food & beverage industries. Plus, different initiatives are taken by governments to increase investments by international companies is driving regional growth.