PUBLISHER: Allied Market Research | PRODUCT CODE: 1179717
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179717
The global ultrafiltration market was valued at $1.5 billion in 2021, and is projected to reach $3.7 billion by 2031, growing at a CAGR of 9.6% from 2022 to 2031.
Ultrafiltration is the process of removal of fine and ultrafine particles through a semipermeable capillary wall that allows small molecules to pass through it and hold the larger ones. This process is achieved by means of several types of ultrafiltration membranes such as hollow fiber ultrafiltration membrane, plate & frame ultrafiltration membrane, tubular ultrafiltration membrane, and others. Ultrafiltration membrane is used for filtration purposes in various end-use sectors such as food & beverage, textiles, pulp & paper, municipal treatment, and others.
The increasing setup of wastewater treatment plants in municipal units of countries such as India, China, and others have surged the demand for ultrafiltration membranes used for removing fine and ultrafine particles from wastewater. This may act as one of the key drivers responsible for the growth of the ultrafiltration market. Furthermore, growing population and polluted water have surged the requirement of efficient municipal water treatment plant where ultrafiltration membranes are widely employed for water treatment activities. This is anticipated to increase the demand for ultrafiltration membrane for municipal treatment purpose; thus, boosting market growth. In addition to this, increasing disposable income and awareness for healthy lifestyles has surged the demand for healthy drinks and juices where ultrafiltration is widely used in producing pure beverages & juices. Furthermore, the increasing R&D activities for producing highly efficient drugs has surged the growth of the pharmaceutical sector where ultrafiltration is used for producing ultrapure water which is further used in producing various pharmaceutical formulations. This factor is anticipated to boost the growth of the ultrafiltration market during the forecast period.
However, the high costs associated with the formulation of ultrafiltration in personal care products and the unavailability of quality ultrafiltration are a few of the restraints that may hamper the growth of the ultrafiltration market during the forecast period. On the contrary, governments of various countries such as India, China, and others have laid acts as regulations for the proper discharge of wastewater coming from industries. Furthermore, several acts have been set up for water treatment activities before discharging into water bodies such as rivers, lakes, ponds, oceans, and others. For instance, the Indian Water (Prevention and Control of Pollution) Act, 1974 establishes standards for water quality and effluent that is discharged into water bodies. This has made several institutions such as manufacturing industries, hospitals, hotels, and others set up water treatment plants in their respective premises where ultrafiltration is widely employed for the removal and purification of wastewater before direct discharge. This event is anticipated to increase the demand for ultrafiltration across various end-use sectors; thus, creating remunerative opportunities for the ultrafiltration market.
The ultrafiltration market is segmented on the basis of type, module, application, and region. On the basis of type, the market is categorized into polymeric and ceramic. On the basis of module, it is fragmented into hollow fiber, plate & frame, and tubular. By application, it is classified into municipal treatment and industrial treatment. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global ultrafiltration market profiles leading players that include AECOM, Applied Membranes, Inc., Aquatech International LLC, Berghof Membrane Technology GmbH (BMT), DuPont, FUMATECH BWT GmbH, Genex Utility, Merck KGaA, Pall Corporation, Pentair plc, Sterlitech Corporation, SUEZ, Synder Filtration, Inc., The 3M Company, and Trucent. The global ultrafiltration market report provides an in-depth competitive analysis as well as profiles of these major players.
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