Selbyville, Delaware, April 21, 2020 (GLOBE NEWSWIRE) -- The global ultrafiltration membrane market registered a remuneration of USD 5315.56 million in 2019 and is poised to accrue substantial proceeds in the years ahead. Dramatic rise in the dairy industry, efficiencies offered by membrane filtration technology, mounting demand for premium products, and legislative reforms pertaining to water safety and filtration are responsible for driving the product adoption globally over the forecast period.
Further, it also offers an in-depth analysis on the production value and volume of the market at global, regional, and company levels. The industry trends across North America, Asia Pacific, MEA, and Europe have also included in detail in this report. The market analysis further encompasses details on the competitive landscape of the industry, including the robust presence of prominent players, their growth tactics, and business share in the global ultrafiltration membrane market.
The market is bifurcated into some of the key segments including material, end user industries, and various others. Polymeric membranes, across the material segment, are considered to hold a large share in the global material market. This can aptly be credited to the material’s comparatively lower prices and growing applications among several end user industries.
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Meanwhile, despite the fact that organic polymer membranes are less expensive than inorganic membranes or ceramics, the latter depicts huge benefits over polymers, such as resistance towards solvents, robust temperature stability, possibility for sterilization, and well defined stabled pore structure, enabling it to foster at a prodigious pace in the near future.
Use of membrane technologies in the global F&B industry offers robust advantages like ease of cleaning, food safety, and environmental friendliness, allowing it to emerge as a remunerative business vertical across the global ultrafiltration membrane market. These membranes also enable simplification of process flow sheets evading steps that are complicated or the cause of chemical stress for the products.
In terms of the regional spectrum, Asia Pacific has emerged as a hotbed for ultrafiltration membrane market expansion. This is ascribed to the fact that countries across the region are a major hub for pharmaceutical research and developments. In addition to this, considering the low cost manufacturing advantage, India and China have been deemed to be the lucrative locations for manufacturing and R&D.
It is imperative to mention that the growth of regional market is also driven by the increasing use of membrane filtration in water processing plants for purification along with application in dairy and food industries for sterilization, concentration processes, and pasteurization.
Some of the prominent industry players partaking in ultrafiltration membrane market include Asahi Kasei Corp., Koch Membrane Systems, Pentair, Toray Industries, and multiple others. M&As have become the most preferred strategy among these companies to sustain their presence in the global market.
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The worldwide ultrafiltration membrane industry is divided on the basis of material type, applications, region, and competitive landscape.
Ultrafiltration Membrane Market Material Type Analysis (Revenue, USD Million, 2015-2025)
- Polymeric
- Ceramic
Ultrafiltration Membrane Market Application Analysis (Revenue, USD Million, 2015-2025)
- Food and Beverage
- Wastewater treatment
- Biopharmaceuticals
- Others
Ultrafiltration Membrane Market Regional Analysis (Revenue, USD Million, 2015-2025)
Asia Pacific
- China
- Japan
- India
North America
- United States
- Canada
- Mexico
Europe
- Germany
- Italy
- UK
Middle East and Africa
Ultrafiltration Membrane Market Competitive Landscape Analysis (Revenue, USD Million, 2015-2025)
- Koch Membrane Systems
- Pentair
- Hyflux Nitto Denko Corporation
- Toray Industries, Inc.
- Asahi Kasei Corporation
- Synder Filtration
- MICRODYN-NADIR
- Citic Envirotech
- Applied Membranes Inc.
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