The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
Alfa Laval AB
Beijing OriginWater Technology Co. Ltd.
DuPont de Nemours Inc.
Evoqua Water Technologies Corp.
GEA Group AG
Toray Industries Inc.
Veolia Environnement SA
The market is fragmented, and the vendors are deploying growth strategies such as M&A activities to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as focus on wastewater treatment to achieve growth opportunities. However, factors such as threat of substitutes will challenge the growth of the market participants. To make the most of the opportunities andrecover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sampleof the ultrafiltration market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This ultrafiltration market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Ultrafiltration Market: Key Drivers and Trends
Wastewater is one of the significant sources of pollution and is produced during households, industrial, and agricultural activities. During wastewater treatment, UF devices are used to recycle and reuse water that contains hazardous chemicals, nanoparticles, and macromolecules. To treat wastewater, UF processes are preferred over traditional methods such as mechanical cleaning, media filtration, RO, and chemical cleaning. This is because it is an effective alternative in terms of both cost and efficiency, has a high tolerance for feedwater quality, and offers high and consistent product quality. Such benefits will propel substantial ultrafiltration market growth over the forecast period.
The increasing use of UF in the electronics industry is one of the vital ultrafiltration market trends.
The ultra-pure water in the electronics industry is developed to dissolve different gases and is used to clean silicon wafers and electronic components.
It is used in the final treatment step in the production of ultra-pure, particle-free, and organic free water.
Moreover, vendors providing UF technology to the electronics industry are continuously improving it with the provision of better membranes and analytical capabilities.
As a result, the application of UF in the electronics industry for efficient water treatment will continue to increase, contributing to the ultrafiltration market growth.
During 2020-2024, the market will grow at a CAGR of over 12%.
Over 43% of the market’s growth will originate from APAC during the forecast period. China, Indonesia, and Malaysia are the key markets for ultrafiltration in APAC. Market growth in this region will be faster than the growth of the market in North America, Europe, and South America.
The rapid urbanization is one of the prime factors that will facilitate the ultrafiltration market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors,view our sample report.
Ultrafiltration Market: Segmentation by Application
The rising awareness about wastewater management, owing to the population growth, rapid urbanization, economic development, and scarcity of clean water will increase the use of ultrafiltration in municipal wastewater treatment. Hence the municipal treatment segment will exhibit faster growth rate than industrial treatment segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ultrafiltration market size. Fetch actionable market insights on post COVID19 impact on each segment.