Uttar Pradesh News Desk

APAC is the largest Ultrafiltration Market, globally

 Breaking News
  • No posts were found

APAC is the largest Ultrafiltration Market, globally

July 11
15:28 2022
APAC is the largest Ultrafiltration Market, globally
Browse 67 market data Tables and 27 Figures spread through 124 Pages and in-depth TOC on “Ultrafiltration Market”
Ultrafiltration Market by Type (Polymeric, and Ceramic), Module (Hollow Fiber), Application (Municipal, and Industrial (Food & Beverage Processing, Chemical & Petrochemical Processing, Pharma Processing)), and Region

The ultrafiltration market is projected to grow from USD 1,064.0 million in 2018 to USD 2,140.1 million by 2023, at a CAGR of 15.0% from 2018 to 2023. Increasing awareness of water & wastewater treatment and requirement of selective separation for meeting water quality standards are the major drivers for the ultrafiltration market. In addition, stringent environmental regulations in many countries are also expected to drive the ultrafiltration market during the forecast period.

The growth of the APAC ultrafiltration market can be attributed to the large industrial base in the region and increased demand for ultrafiltration from the pharmaceutical and food & beverage industries of the region. In addition, several initiatives undertaken by governments of different countries of the region to attract investments from various international companies are also expected to propel the growth of the APAC ultrafiltration market during the forecast period.

Download PDF for more information: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102302816

Ultrafiltration is used in two applications namely, industrial and municipal treatment.

Industrial Treatment

Ultrafiltration is widely used in various industries such as food & beverage, pharmaceutical, chemical & petrochemical, and textile. These membranes are used for water and effluent treatment. In dairy and electrocoating industry, these membranes are used for processes as well. The food & beverage industry is very competitive and dynamic in nature; there is an increase in the awareness regarding health among consumers as well as in demand for high-quality, safe, and nutritious products. Employing the right membrane filtration solutions to accomplish these goals is, therefore, necessary. Membrane equipment for this sector has become integral to manufacturing milk, cheese, and whey proteins. Efficient membrane filtration solutions help the food & beverage manufacturers to concentrate, clarify, and purify products including bottled water, juice, and wine. They are also used for enzyme recovery, processing of cheese whey, and removal of pathogens from milk.

Municipal Treatment

Municipal water treatment is the larger segment of the ultrafiltration market. The ultrafiltration technology has been in use for municipal water treatment application since the 1960s. Ultrafiltration is used in water & wastewater treatment plants for removal of microbes, desalination of seawater, sewage treatment, household wastewater treatment, processing of natural mineral water, production of potable water, and treatment of brackish water. Membrane Bioreactors (MBR) that use ultrafiltration are an integral part of wastewater treatment, creating high-quality water for reuse.

Finding new applications and lack of awareness in underdeveloped regions is a major challenge for the growth of the ultrafiltration market during the forecast period. DowDuPont Inc. (US), Hyflux Ltd. (Singapore), Inge GmbH (Germany), Toray Industries, Inc. (US), GE Water & Process Technologies (US), Hydranautics (US), and Pentair plc (US) are the key players operating in the ultrafiltration market. These companies have adopted various organic as well as inorganic growth strategies between 2015 and 2018 to strengthen their position in the ultrafiltration market. The strategy of partnerships, agreements & collaborations was among the key growth strategies adopted by these leading players to enhance their regional presence and meet the growing demand for ultrafiltration from emerging economies.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=102302816

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/ultrafiltration-market-102302816.html

Related Articles