The USA ultrafiltration membranes market is set to reach US$ 1.9 billion with a 10.9% historical CAGR, driven by water quality concerns and stringent regulations. The US leads in water treatment infrastructure and advanced separation technology adoption.
NEWARK, Del, Oct. 27, 2023 (GLOBE NEWSWIRE) — The global ultrafiltration membranes market is anticipated to be US$ 10.7 billion by 2033. It is estimated to record a steady CAGR of 8.0% in the review period 2023 to 2033. It is likely to total US$ 5.0 billion in 2023. The global ultrafiltration membranes market registered an astonishing CAGR of 10.7% in the historical period between 2018 and 2022.
The ultrafiltration membrane market manufactures, distributes, and applies ultrafiltration membranes. Ultrafiltration (UF) is essential in several industries and applications, including water treatment and filtration.
Ultrafiltration is a membrane-based separation technology that uses semi-permeable membranes with typical pore sizes ranging from 1 to 100 nanometers. It separates particles, colloids, and macromolecules from solutions or suspensions. UF operates on the size exclusion principle, permitting smaller molecules to pass over the membrane while retaining larger molecules.
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UF is used for filtration, concentration, and purification in milk processing, juice filtration, and whey protein separation. Ultrafiltration plays an important role in protein purification, virus removal, and concentration in biopharmaceutical production. It is likewise used in medical applications such as hemodialysis. Several industries, including chemical, petrochemical, and electronics, use ultrafiltration for wastewater recycling, water treatment, and product filtration.
Factors such as growing concerns over water quality, rigorous environmental regulations, and demand for advanced separation technology are driving the development of the ultrafiltration membrane market. Continuous research and development efforts drive the growth of more efficient and cost-effective ultrafiltration membranes with enhanced performance.
Rapid industrialization and urbanization in developing economies generate significant opportunities for applying ultrafiltration technology. The need for sustainable and environmentally friendly solutions drives the adoption of ultrafiltration technology, which can reduce chemical use and energy consumption compared to traditional treatment methods.
Key Takeaways from the Ultrafiltration Membranes Market Report
- The United States ultrafiltration membranes industry is projected to reach US$ 1.9 billion in the forecast period.
- The United Kingdom’s ultrafiltration membranes industry is set to be valued at US$ 413.1 million by 2033.
- China’s ultrafiltration membranes industry is likely to total US$ 1.6 billion by 2033.
- Japan’s ultrafiltration membranes industry is estimated to register US$ 1.1 billion by 2033.
- Based on material type, the ceramics materials are set to witness a CAGR of 7.8% from 2023 to 2033.
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Scope of the Research Study:
|Estimated Ultrafiltration Membranes Market Size (2023)||US$ 5.0 billion|
|Projected Ultrafiltration Membranes Market Valuation (2033)||US$ 10.7 billion|
|Value-based CAGR (2023 to 2033)||8.0||%|
|Historical Data||2018 to 2022|
|Forecast Period||2023 to 2033|
|Quantitative Units||Value (US$ billion)|
|Regions Covered||North America, Latin America, East Asia, South Asia Pacific, Western Europe, Eastern Europe, Middle East & Africa|
|Key Companies Profiled||
“Several membranes uphold certain purity levels through separation courses used in food and beverage processing, water treatment, and pharmaceutical applications. Concerns about the impact of contaminants in groundwater, such as pesticide and pharmaceutical deposits, have been elevated. The need for discerning separation technology to meet recognized water quality values in such cases is ultimately the driving force behind the worldwide market.” – Comments by Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.
Competitive Landscape and Recent Developments in Ultrafiltration Membranes Industry:
Increased investment and ongoing research and development in membrane separation technology have led to the outline of membrane separation goods with improved toughness and higher flow rates. Furthermore, manufacturers are emerging membrane separation technology for industrial applications to meet the specific necessities of end-use industries.
- In February 2021, Toray Industries, Inc. announced the launch of polyvinylidene fluoride (PVDF) and ultrafiltration (UF) membranes for water treatment with outstanding virus removal rates and augmented water permeability.
- In June 2020, H20 Innovation Inc. announced the signing of a strategic cooperation agreement with Nanostone Water, Inc., a ceramic membrane manufacturing company.
- In September 2019, DuPont Safety & Construction announced that it had entered into an agreement to acquire BASF’s Ultrafiltration Membranes business, including inge GmbH.
Get More Valuable Insights into Ultrafiltration Membranes Market Report
In its new offering, Future Market Insights (FMI) provides an unbiased analysis of the global ultrafiltration membranes market, presenting historical demand data (2018 to 2022) and forecast statistics from 2023 to 2033.
The study incorporates compelling insights on the ultrafiltration membranes industry based on material type (ceramics, polymers, other material types) and end-use (hemodialysis, industrial processes, food and beverage, potable water, biopharmaceuticals, wastewater) across several regions.
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Ultrafiltration Membranes Market Outlook by Category
- Other Material Types
- Industrial Processes
- Food & Beverage
- Potable Water
About the Chemical and Materials Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations – the chemical and materials team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs.
With a repertoire of over 1,000 reports and one million+ data points, the team has analyzed the chemical and materials industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in the Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Have a Look at Related Reports in Chemicals & Materials Domain:
- The global ceramic membranes market size is likely to surpass a valuation of US$ 5.45 billion in 2023. It is anticipated to cross US$ 15.61 billion by 2033.
- The membrane chemicals market predicts the net worth of the market share to grow from US$ 2.2 Billion in 2023 to over US$ 3.9 Billion by 2033.
- As per Future Market Insights, Inc. analysis, the ceramic tiles industry is assessed to exhibit a 7.20% CAGR between 2023 and 2033.
- The hollow fiber ceramic membrane market is likely to capture a valuation of around US$ 415.0 million by 2033. It is projected to create a total financial potential of US$ 248.4 million in the assessment period.
- The medical membrane market is likely to secure a CAGR of 10% during the forecast period. The market is projected to be valued at US$ 3.63 Billion in 2022 and likely to be valued at US$ 9.42 Billion by 2032.
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Originally published at https://www.einpresswire.com/article/664580380/rapid-growth-in-ultrafiltration-membranes-market-to-reach-us-10-7-billion-expected-by-2033-driven-by-expanding-applications-in-water-treatment-and