Portland, OR, Nov. 04, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global ultrafiltration market was estimated at $1.5 billion in 2021 and is expected to hit $3.7 billion by 2031, registering a CAGR of 9.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.5 Billion |
| Market Size in 2031 | $3.7 Billion |
| CAGR | 9.6% |
| No. of Pages in Report | 232 |
| Segments Covered | Type, Module, Application, and Region. |
| Drivers | Rise in demand from the industrial and municipal water treatment sectors |
| Surge in awareness toward skincare, beauty, and lifestyle has increased the demand for personal care & cosmetic products where ultrafiltration is used for water purification purposes | |
| Opportunities | Emergence of highly-efficient ultrafiltration method |
| Restraints | Set-up of entire ultrafiltration process in industrial units requires various sophisticated membranes & equipment that require high maintenance |
Covid-19 Scenario-
- The demand for ultrafiltration among sectors such as pharmaceutical and food & beverages remained almost intact even during the pandemic.
- Especially, growth in the pharmaceutical sectors where ultrafiltration is widely used for producing pure and ultrapure water helped the market retain its growth curve.
The global ultrafiltration market is analyzed across type, module, application, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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Based on type, the polymeric segment accounted for nearly three-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also manifest the fastest CAGR of 9.8% throughout the forecast period. The ceramic segment is also analyzed through the market.
Based on module, the hollow fiber segment held more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 9.9% throughout the forecast period. The other segments discussed through the report include plate & frame and tubular.
Based on application, the industrial treatment segment garnered nearly two-thirds of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also project the fastest CAGR of 9.8% throughout the forecast period.
Based on region, the global ultrafiltration market across Asia-Pacific generated more than two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The same region would also showcase the fastest CAGR of 9.9% during the forecast period. The other provinces analyzed through the report include North America, Europe, and LAMEA.
The key market players analyzed in the global ultrafiltration market report include Applied Membranes, Inc., Aquatech International LLC, DuPont, Trucent, FUMATECH BWT GmbH, Genex Utility, Merck KGaA, Pall Corporation, Pentair plc, Sterlitech Corporation, AECOM, SUEZ, Synder Filtration, Inc., Berghof Membrane Technology GmbH (BMT), and The 3M Company. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
