Covina, Aug. 22, 2024 (GLOBE NEWSWIRE) -- According to Prophecy Market Insights, the global PFAS filtration market size and share are projected to grow from USD 2 billion in 2024 to USD 3.7 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 6.9% during the forecast period (2024 - 2034).
PFAS Filtration Market Report Overview
PFAS Filtration refers to the processes and technologies used to remove per- and polyfluoroalkyl substances (PFAS) from water and other environments. PFAS are a group of synthetic chemicals widely used in various industrial and consumer products for their water—and grease-resistant properties.
However, PFAS has grown to be a major environmental problem due to their persistence and possible health hazards, demanding the need for efficient filtration methods. PFAS are characterized by their carbon-fluorine bonds which are among the strongest chemical bonds known for that it makes these substances extremely resistant to degradation.
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Our Free Sample Report includes:
- Overview & introduction of market study
- Revenue and CAGR of the market
- Drivers & Restrains factors of the market
- Major key players in the market
- Regional analysis of the market with a detailed graph
- Detailed segmentation in tabular form of market
- Recent developments/news of the market
- Opportunities & Challenges of the Market
Competitive Landscape:
The PFAS Filtration Market is characterized by rapid growth, technological innovation, and fierce competition. Companies are expanding their global presence, focusing on sustainability, and diversifying their service offerings to stay competitive.
Some of the Key Market Players:
- AECOM
- Veolia
- Clean Earth
- WSP
- Clean Harbors
- Xylem
- Wood
- TRC Companies, Inc.
- Jacobs
- Cyclopure, Inc.
- Battelle Memorial Institute
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Analyst View:
Governments and regulatory bodies around the world are tightening regulations on PFAS due to their persistence in the environment and potential health risks.
For instance, in the United States, the Environmental Protection Agency (EPA) has introduced stricter guidelines and enforceable limits for PFAS in drinking water. Similar regulatory actions are being observed in Europe and other regions. These regulations drive demand for effective PFAS filtration solutions to ensure compliance and safeguard public health.
Market Dynamics:
Drivers:
Rising Environmental and Health Concerns
- Growing awareness of the adverse health effects associated with PFAS including cancer, liver damage, and also immune system disruption has increased the demand for filtration technologies.
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Market Trends:
Increasing Adoption of Advanced Filtration Technologies
- The use of advanced filtration technology that can eliminate a wider range of PFAS chemicals is becoming increasingly prevalent. Advanced oxidation processes (AOPs) and high energy electron beam (HEEB) technologies are becoming more popular because they can break down per and polyfluoroalkyl substances (PFAS) into less toxic forms.
Segmentation:
PFAS Filtration Market is segmented based on Technology, Service Type, Application, and Region.
Technology Insights
- This sector includes Activated Carbon Filtration, Granular Activated Carbon (GAC), Ion Exchange Resin, Membrane Filtration, Advanced Oxidation Processes (AOPs), and Electrochemical Processes. Granular Activated Carbon (GAC) segment is expected to dominate the target market growth as is highly effective in adsorbing PFAS due to its large surface area and porous structure.
Service Type Insights
- This sector includes Installation Services, Maintenance & Monitoring Services, and Consulting Services. The maintenance & Monitoring Services segment is expected to dominate the target market growth as the effectiveness of PFAS filtration systems heavily relies on continuous upkeep and real-time monitoring, making these services indispensable for ensuring the systems' optimal performance.
Application Insights
- This sector includes Drinking Water Filtration, Groundwater Remediation, Wastewater Treatment, Surface Water Filtration, and Leachate Treatment. The drinking Water Filtration segment is expected to dominate the target market growth as PFAS contamination in drinking water has become a significant public health concern globally, leading to an increased focus on effective filtration solutions.
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Recent Development:
- In August 2024, Global Industrial Company, a value-added national distributor of industrial products and MRO supplies, announced the launch of the newest product in its Made to Exceed line of Global Industrial Exclusive Brands: the GlobalPure high-capacity PFAS water filter. The new GlobalPure PFAS water filter aims to raise the standard of drinking water. It has a sophisticated filtration system that eliminates all PFAS as well as microplastics, lead, cysts, turbidity, and chlorine. Its 3,600-gallon capacity results in the lowest total cost per gallon when compared to similar models by reducing the frequency of filter replacement to just once or twice a year, depending on consumption.
Regional Insights
- North America: The possibility of massive expenditures in filtration technologies has arisen due to the U.S. EPA's strict limits on the content of PFAS in drinking water. As a result, the need for ion exchange resins and activated carbon filtration has increased in the area as numerous states implement even more stringent PFAS-specific legislation than the federal minimum.
- Asia Pacific: The expansion in this region is driven by the rapidly expanding urbanization and industrialization of nations like Australia, South Korea, China, Japan, and South Korea. The region is known for having high levels of PFAS pollution because of the substance's widespread use in many different production processes; notable applications include firefighting foams, textiles, and electronics.
Browse Detail Report on "PFAS Filtration Market Size, Share, By Technology (Activated Carbon Filtration, Granular Activated Carbon (GAC), Ion Exchange Resin, Membrane Filtration, Advanced Oxidation Processes (AOPs), Electrochemical Processes), By Service Type (Installation Services, Maintenance & Monitoring Services, Consulting Services), By Application (Drinking Water Filtration, Groundwater Remediation, Wastewater Treatment, Surface Water Filtration, Leachate Treatment), and By Region - Trends, Analysis, and Forecast till 2034" with complete TOC @ https://www.prophecymarketinsights.com/market_insight/pfas-filtration-market-5569
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