Global Ultrafiltration Market: Key Highlights
Global Ultrafiltration Market: Key Market Dynamics
Global Ultrafiltration Market: Regional Overview
The presence of large-scale food & beverage, pharmaceutical, and chemical industries in the region drives the demand for ultrafiltration. Regulations by the US EPA such as the Clean Water Act, Safe Drinking Water Act, Surface Water Treatment Rule, Filter Backwash Recycling Rule, among others drive the need for ultrafiltration. According to the American Society of Civil Engineers, the demand for wastewater treatment plants is expected to increase by 23% by 2032 in the US.
Asia-Pacific emerged as the fastest-growing region for the ultrafiltration market, owing to the ever-expanding industrial base in the region. Major contributors to the market growth include China, India, and Japan, among others. With government initiatives such as Net Zero Imports and Make in India are expected to result in rapid industrial development, which in turn, will drive the demand for water & wastewater treatment and thus propel the need for ultrafiltration.
Global Ultrafiltration Market: Key Players Overview
Pentair engaged in offering smart, sustainable water and fluid treatment solutions. It offers filtration and processing services, valve and control management, equipment protection, and thermal management services. It operates within 110 locations in more than 30 countries. In February 2018, the company announced its plans to build a new, state-of-the-art innovation center in North Carolina, US with an investment of USD 11.3 million. This expansion will include a 50,000 square-foot R&D site.
DuPont is engaged in the development of specialty materials, chemicals, and agricultural products. The company operates through electronics & imaging, nutrition & biosciences, safety & construction, and transportation & advanced polymers business segments. the company has a presence in more than 70 countries. In September 2019, DuPont Safety & Construction signed an agreement to acquire the ultrafiltration membrane business from BASF, including Inge GmbH.
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