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According to a new report by EMR titled, ‘Global Membrane Filtration Market Report and Forecast 2022-2027’, the global membrane filtration industry reached a value of USD 15.27 billion in 2021. The market is expected to grow at a CAGR of 6.35% in the forecast period of 2022-2027 to attain a value of USD 22.09 billion by 2027.
The membrane filtration market has been driven by the increased use of the technique in agro-food and bulk biotechnology industries. The membrane filtration technique operates at low to moderate temperatures, ensuring a gentle product treatment. The technological advancements in the agro-food and bulk biotech industry, coupled with rising demand for pure drinking water, are likely to propel market growth over the forecast period. The market will further be aided by the reduced energy consumption by the membrane filtration, which saves a significant amount of money in the food and biotech plants.
The Asia Pacific region is likely to account for a significant share in the market owing to the emergence of various water treatment projects in countries like India, China, and Japan. The thriving food and beverage and dairy products industry in the region are likely to augment the market growth in the region. The membrane filtration technology efficiently removes the contaminated minerals and impurities from the water and makes it fit for drinking. Hence, the water shortage in some countries in the region is likely to bolster the market in the forecast period.
In July 2021, DuPont de Nemours, Inc. (NYSE: DD) announced the selection of its FilmTec™ membrane by IDE Water Technologies to provide the reverse seawater osmosis (SWRO) filtration for the Sorek B, which is known to be one of the largest and oldest desalination plants in Israel. FilmTec™ is durable, energy-efficient, good with the rejection of impurities and has an extremely long-life span. This membrane is likely to save long term costs of this project. DuPont has started providing the SWRO membrane elements to the project site, including SWRO elements. This project is likely to enable longer storage times to reduce labour costs, owing to the energy efficiency and ease of installation.
Market Breakup by Types, Membrane Materials, Applications, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global membrane filtration industry are GEA Group AG, DuPont de Nemours, Inc., Pall Corporation, 3M Company, and Veolia Water Technololgies, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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