Membrane separation technology market projected to grow from $36.06 billion in 2024 to $84.13 billion by 2033
From GlobeNewswire: 2024-08-08 08:30:00
Exactitude Consultancy, the market research arm of Ameliorate Digital Consultancy, has published a comprehensive report on the Membrane Separation Technology Market. Estimated at USD 36.06 billion in 2024, it is projected to reach USD 84.13 billion by 2033. The FDA’s recommendation of reverse osmosis (RO) pre-filtration in the food and beverage industry is set to boost market growth.
The rise in global population is straining water resources, leading to increased adoption of membrane separation technologies for wastewater treatment and recycling. The food and beverage industry is driving demand for membrane filtration technologies to ensure product purity, in compliance with government regulations on food safety and pollution control.
Technology-wise, reverse osmosis (RO) leads the market with a 42.0% revenue share in 2021. Microfiltration (MF) and ultrafiltration (UF) technologies are essential for municipal water treatment and wastewater recycling. Nanofiltration (NF) bridges RO and UF, effectively separating organic molecules. These technologies are vital for various industries, including water and wastewater treatment, in meeting stringent environmental regulations.
Regional insights show that Asia Pacific dominated the market in 2021 with a revenue share of 35.0%, driven by rapid industrialization in emerging economies like India and China. North America is expected to witness significant market growth, especially in ultrafiltration adoption, due to stringent environmental standards. In Europe, regulatory frameworks promoting efficient wastewater treatment technologies are expected to drive market demand.
Key players in the market include SUEZ, Merck, Toray Industries, Pentair, and more, with a focus on innovation and product development. Membrane separation technologies are crucial for industries such as pharmaceuticals, food and beverage processing, and water treatment, driving market growth globally. For more detailed insights and forecasts, visit the link in the article.
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