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Ultrafiltration Market Expected to Collect 2,140.1 Million USD by 2023

The Ultrafiltration Market was valued at USD 950.0 million in 2017 and is projected to reach USD 2,140.1 million by 2023, at a CAGR of 15.0% during the forecast period 2018 to 2023. In this study, 2017 has been considered as the base year while the forecast period that has been considered is 2018 to 2023.

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 Water is a basic necessity for human existence and industrial development. Increasing population and expansion of industries increases the demand for water, which in turn, increases the need for ultrafiltration in water & wastewater treatment. Moreover, increasing concerns regarding wastewater discharge and drinking water quality is also driving the ultrafiltration technology market, globally.

The scarcity of pure water has provided opportunities for use of ultrafiltration membranes in brackish water purification. High purity standards and stringent regulations regarding drinking water and industrial wastewater discharge are leading to increased water and wastewater treatment activities on a large scale. In the US, it is mandated by the law that citizens should be given clean and abundant water. The EU’s bathing water standards policy have rules for safeguarding public health with clean bathing water and so on. All these policies are set to increase water & wastewater treatment processes across the world. This is driving the growth of the global ultrafiltration market.

https://www.prnewswire.com/in/news-releases/ultrafiltration-market-worth-21401-million-usd-by-2023-689504741.html

The ultrafiltration market includes raw material suppliers, manufacturers of ultrafiltration, and end users. DowDuPont Inc. (US), Hyflux Ltd. (Singapore), Inge GmbH (Germany), Toray Industries, Inc. (US), GE Water & Process Technologies (US), Hydranautics (US), and Pentair plc (US) are the leading players operating in the ultrafiltration market.


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