(MENAFN- America News Hour) Research Nester published a report titled “Membrane Filtration Market: GlobalDemand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global membrane filtration marketin terms of market segmentation by type, application, membrane material, filter design, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global membrane filtration market is projected to grow by a notable CAGR during the forecast period, i.e., 2021-2029, on the back of growing consumer awareness about the advantages of membrane filtration processes, increasing demand for high quality filtration systems and introduction of stringent government regulations regarding water conservation.
The membrane filtration market is segmented by application into water, dairy, starch and sweetener, sugar, chemical and pharmaceutical, out of which the water segment is anticipated to grow with the highest CAGR over the forecast period owing to the escalating use of membrane filters for the removal of toxins from water, and the rising emphasis of government to minimize chemical consumption during water treatment. The World Health Organization states that 2 billion people on the globe consume water from sources contaminated with feces.
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Geographically, the market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in Asia Pacific is evaluated to garner the largest market share by the end of 2029. China acquires the largest market share in this region, which can be credited to the increasing demand for sustainable purification technology and fast-growing population.
Rise in Demand for High-Quality Filtration Equipment to Drive Market Growth
Growing focus of government to use ecological techniques for filtration of substances in industries such as water purification, dairy and beverages is projected to boost the demand for premium quality filtration systems that reduce waste and conserves a considerable amount of energy. This is one of the leading factors projected to fuel the growth of the market in the near future.
However, expensive implementation of membrane filtration systems is expected to operate as key restraint to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global membrane filtration market which includes company profiling of Pall Corporation, Suez WTS USA, Inc. (EPA:
SEV), GEA Group Aktiengesellschaft (ETR:
G1A), 3M Company (NYSE:
MMM), Koch Separation Systems, Inc., VEOLIA ENVIRONNEMENT SA (EPA:
VIE), SPX FLOW, Inc (EPA:
VIE), ProMinent GmbH, Porvair plc (LON:
PRV), and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the membrane filtration market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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