Global membrane filtration market is valued approximately at USD 12.6 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2019-2026. Membrane filtration is a membrane technology used for the separation of biomolecules and particles for concentration of process fluids. Membrane filtration is widely used for the elimination of microorganisms, bacteria, and organic material from water. Industries such as chemical processing, food, and dairy are using this filtration to obtain organic water. The rising adoption of consumer towards health awareness has enhanced the growth of this market over the forecast period. Factors such as increasing demand for processed and clean water and other beverages would create lucrative opportunities for the market. The rising global population along with growth in the bio-based pharmaceutical industry and rapid development in generics production boost the market growth. The growing focus on healthy lifestyle and increasing disposable income is expected to boost the growth of global membrane filtration market over the forecast period of 2019-2026.
The regional analysis of global Membrane Filtration Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing population, high disposable income, and implementation of various technologies in Membrane Filtration industries would create lucrative growth prospects for the Membrane Filtration Market across European region.