Global Membrane Filtration Market was valued at US$ 14 Billion in...

Global Membrane Filtration Market was valued at US$ 14 Billion in 2020 and is anticipated to reach US$ 22 Billion by 2027

Posté 2022-11-21 12:27:51

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Global Membrane Filtration Market was valued at US$ 14 Billion in 2020 and is anticipated to reach US$ 22 Billion by 2027 displaying an elevated CAGR of 6.7% over the forecast period (2021-2027). A membrane is a thin layer of semi-permeable material that split up substances when a pouring force is applied across the membrane. Membrane practices are increasingly used for the removal of bacteria, microorganisms, particulates, and natural organic material, which can impart color, tastes, and odors to water and react with disinfectants to form disinfection by-products. The material of the membrane is manufactured from a synthetic polymer, although other forms, including ceramic and metallic “membranes,” may be available. Almost all membranes manufactured for drinking water are made of polymeric material since they are significantly less expensive than membranes constructed of other materials.

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A rise in the food processing industry is one of the prominent reasons for the growth in the market. Also, the growth in adoption of automation technologies such as IoT, AI, ML, and robotics, etc. are acting as a growth catalyst to the industry. Automation, leveraging artificial intelligence and other technologies have opened ample opportunities in various industrial verticals inclusive food and beverage, dairy processing, etc.Also, a rise in alcohol consumption across the globe is resulting in more production and the demand for membrane filtration. Globally, there has been an increase in alcohol consumption during the historic period. For instance, in 2017, 77% of the Chinese consumed alcohol at least occasionally. During 2010-2017, per capita, alcohol consumption in India and Japan increased by 5.9 liters and 7.9 liters, respectively. Changing lifestyles, increasing affluence, and stress drinking are some major factors driving the demand for alcohol

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The COVID-19 pandemic has fetched several challenges. The manufacturing sector, which has a share of around 53% in the global economy witnessed a slowdown in their operations due to covid -19. The food and beverage sector also experienced a drastic decrease in the consumption of their products. Moreover, due to lockdowns in several parts of the world and restrictions on transportation of commodities, companies were also facing disrupted supply chains. The reduced agricultural production interrupting the raw material supply, lack of workers in manufacturing plants, and disturbances in the distribution system has disrupted supply chains, which impacted the brewing ingredients supply too. This all adversely impacted the membrane filtration market during COVID-19.

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Based on the Treatment Modalities, the market is fragmented into Cell-based and Non-Cell based. The cell-based modalities segment dominated the market in 2020 and gathered XX% in 2020. Moreover, the segment is anticipated to maintain its dominance during the analyzed period. Furthermore, the cell-based segment is segregated into Chondrocyte, Transplantation, and Growth factors. The transplant segment would register XX% market share in 2020.

Based on the type, the market is fragmented into Reverse Osmosis (RO), Ultrafiltration (UF), Microfiltration (MF), AND Nanofiltration (NF). The Reverse osmosis segment grabbed the major market share and dominated the market. The segment captured XX% market share in 2020. However, the Ultrafiltration segment would witness the highest CAGR during the forthcoming years.

Additionally, the report provides detailed initiatives that are being taken in the field of Membrane Filtration. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), Rest of World has been conducted. North America region dominated the market with US$ XX million in 2020. However, the Asia-Pacific region is expected to witness the highest CAGR during the forecast period on account of rising health awareness and the need for clean water among end-users in the countries such as China, India, and Japan.

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Global Membrane Filtration Market Segmentation

Market Insight, by Type

· Reverse Osmosis (RO)

· Ultrafiltration (UF)

· Microfiltration (MF)

· Nanofiltration (NF)

Market Insight, by Application

· Water & Wastewater

· Food & Beverages

o Dairy Products

o Drinks and Concentrates