According to the recent research report titled ‘Membrane Filtration Market Share, Size, Trends, Industry Analysis Report, By Application; By Module Design; By Membrane Material ; By Type; By Regions; Segment Forecast, 2020 – 2026’, available with Market Study Report, global membrane filtration market is expected to grow substantially during the forecast period, subsequently reaching a valuation of USD 24.4 billion by 2026.
 

Beneficial attributes associated with the product such as easy usage, low operation cost, ability to separate unwanted constituents from flow streams, and high efficiency are primarily driving global membrane filtration market growth. The product is used in applications such as high purity water generation, seawater desalination, drinking water recovery, wastewater treatment, and fruit concentrates, which in turn is contributing to the overall market outlook.
 

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Notably, membrane filtration systems have witnessed a drastic change from intricate, difficult, and futuristic technology to play an inevitable part of production processes, while serving various applications. This in turn have revolutionized many application sectors such as water & wastewater treatment and food & beverages and hence, is favoring global membrane filtration industry outlook.
 

As per the report, wastewater recycling is creating lucrative opportunities for the industry contenders, further stimulating global membrane filtration market trends. The technology is highly adopted in wastewater recycling applications due to its effectiveness in separating harmful components from water. Moreover, membrane filtrations are also used in brackish and seawater desalination as well as to produce clean water which is fit for human consumption.
 

From regional perspective, Asia Pacific accounted for significant share in global membrane filtration market in the year 2019 and is expected to grow showcase similar trends in the ensuing years, owing to improving economic conditions, growing population and water shortage.
 

Major players in global membrane filtration market are Porvair Filtration Group, SPX Flow Inc., Pentair Plc, Prominent GmbH, Veolia Environment S.A., Koch Membrane Systems Inc., Pall Corporation, 3M Company, Suez Water Technologies & Solutions, DowDuPont, GEA Group AG, and Alfa Laval AB.