Asia-Pacific to Drive Global Membrane Filtration Technologies Market to Reach US$34.3 billion by 2030
A new report from Industry Experts Inc, on "Membrane Filtration Technologies," is published. According to this market research report, the global market for Membrane Filtration Technologies is anticipated to record a CAGR of 9.2% over the 2024-2030 analysis period in reaching a projected US$34.3 billion by 2030 from an estimated US$20.3 billion in 2024.
The worldwide market for Membrane Filtration Technologies is primarily being driven by factors that include growing demand from the food & beverage and pharma sectors, the concept of ultrapure water gaining considerable ground, need to purify & reuse wastewater due to an impending water crisis, rise in contamination levels necessitating effective technologies, momentum in ultrafiltration & nanofiltration technologies, demand for microfiltration sustaining despite its technological maturity and forward osmosis becoming a viable alternative.
Asia-Pacific represents the leading global market for Membrane Filtration Technologies and is also likely to post the fastest growth in demand because of a growing population, an increasing industrial base, entry of global players and growth in R&D and technological activities aimed at providing safe and unpolluted water to all end-consumers. Over the past few years, unprecedented heat waves have been witnessed across Southeast Asia, due which droughts and water scarcity have become rampant issues. Overcoming these requires reusing water, a process in which Membrane Filtration Technologies play a critical role.
The market for membrane filtration technologies analyzed in this report globally across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.
Membrane filtration technologies report analyzes the global market with respect to Technology – Membrane Chromatography, Microfiltration, Nanofiltration, Reverse Osmosis and Ultrafiltration; Mode of Fabrication – Hollow Fiber, Plate & Frame, Spiral Wound and Tubular; Material Type – Ceramic and Polymeric; and End-Use Sector – Industrial (Chemicals, Electronics & Semiconductors, Food & Beverage, Mining, Petrochemicals, Pharmaceuticals, Power Generation, Pulp & Paper and Oil & Gas), Municipal and Residential.
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