Global Membrane Filtration Market is Projected to Showcase Tremendous CAGR of 6% over the forecast period - Techsci Research


Posted February 5, 2019 by James_Smith

Global Membrane Filtration Market is projected to reach USD 17.89 Billion by 2023, at a CAGR of over 6% from 2018-2023 owing to growing demand for high-quality and safe food products

 
Global Membrane Filtration Market is projected to reach USD 17.89 Billion by 2023, at a CAGR of over 6% from 2018-2023 owing to growing demand for high-quality and safe food products and emerging membrane filtration technologies. Based on application, the market has been segmented into Water & Wastewater and Food & Beverages. In 2017, the food & beverages segment dominated the market and is expected to dominate the market over the next five years as well. Based on membrane material, the market has been segmented into Ceramic and Polymeric. The ceramic segment is anticipated to be the fastest-growing segment in the Global Membrane Filtration Market since it is used in the water processing industry due to the properties such as long lifespan and effective separation.

Moreover, the ceramic membranes are used in the food & beverage industry for the applications such as clarification of juice and beer, concentration of juices, and desalination of whey. APAC region is projected to dominate the market during the forecast period owing to growing dairy & food industries and growing use of membrane filtration in water processing plants for purification in the region. The main key players in the market are Veolia Water Technologies, 3M Company, Pall Corporation, Dow Company, among others.

Some of the leading players in the Global Membrane Filtration Market are Suez Water Technologies & Solutions, DOW Chemical Company, 3M Company, Veolia Water Technologies, Aquabio, Aquatech International, Alfa Laval, Pall Corporation, Koch Membrane Systems, Acwa Services etc.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

TechSci Research calculated the market size of Global Membrane Filtration Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Objective of the Study:

To analyse and forecast the market size of Membrane Filtration Market, in terms of value.
To classify and forecast Global Membrane Filtration Market based type, module design, membrane material, application and regional distribution.
To identify drivers and challenges for Global Membrane Filtration Market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Membrane Filtration Market.
To conduct the pricing analysis for Membrane Filtration Market.
To identify and analyse the profile of leading players involved in the manufacturing of Global Membrane Filtration Market.
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About TechSci Research:

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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Issued By Ken Mathews
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Categories Business , News , Technology
Tags global membrane filtration market , membrane filtration market , membrane filtration market analysis , membrane filtration market demand , membrane filtration market forecast , membrane filtration market growth , membrane filtration market news , membrane filtration market research
Last Updated February 5, 2019