Ultrafiltration Market: Rising Water Scarcity To Promote The Need For Water & Wastewater Treatment During The Assessment Period

Ultrafiltration Market Size, Share, Trends, Growth, Analysis, Research

Global Ultrafiltration Market: Key Highlights

  • According to the new market research report “Ultrafiltration Market by Membrane Type (Ceramic, Polymeric), by Module (Hollow Fibre, Tubular), by End-User (Water & Wastewater, Food & Beverage, Chemical & Petrochemical), by Region (North America, Asia Pacific, Europe, Middle East, and Africa, South America,) – Global Forecast (2020 to 2027)”, the global ultrafiltration market is projected to register a CAGR of around 14.5% to reach a value of USD 3.5 Billion by the end of 2027.
  • Large discharger volume of wastewater effluent from various end-use industries is the major driver for the global ultrafiltration market
  • Ultrafiltration enable removal of essentially small colloidal particles, i.e., 0.01 to 1.0 microns
  • It is a simple, environment-friendly, as well as energy-efficient process coupled with cost-effectiveness, which propel the use of ultrafiltration
  • Ultrafiltration is finding the new scope of applications such as its use in haemodialysis, which is expected to bring new growth opportunities

Ultrafiltration Market

Global Ultrafiltration Market: Key Market Dynamics

  • According to the United Nations Water, approximately 1.8 billion people drink contaminated water due to the lack of water & wastewater treatment
  • Various government regulations pertaining to provide clean and safe drinking water top its citizens drive the demand for ultrafiltration
  • These regulations include the US Clean Water Act and the EU’s Drinking Water Directive, among many others
  • Adoption of Zero Liquid Discharge (ZLD) and Minimized Liquid Discharge (MLD) promote the use of filtration methods, across the globe

Global Ultrafiltration Market: Regional Overview

  • North America

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

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 plc:

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:

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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Rep Id : CM 051

Published : 2020-01-29

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