The Ultrafiltration Market is estimated USD 1,064.0 million in 2018 and is projected to reach USD 2,140.1 million by 2023, at a CAGR of 15.0% from 2018 to 2023. Companies operating in the ultrafiltration market such as DowDuPont Inc. (US), Hyflux Ltd. (Singapore), Inge GmbH (Germany), Toray Industries, Inc. (US), GE Water & Process Technologies (US), Hydranautics (US), and Pentair plc (US) have adopted both, organic as well as inorganic growth strategies such as mergers, acquisitions & joint ventures; investments & expansions; new product and technology development; and partnerships, agreements & collaborations to serve their customers efficiently and increase their market shares in the ultrafiltration market.
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Browse 67 market data Tables and 37 Figures spread through 137 Pages and in-depth TOC on “Ultrafiltration Market”
Drivers & Opportunities in global industry:
- Increasing Awareness Regarding Water & Wastewater Treatment
- Selective Separation Technology
- Stringent Regulatory and Sustainability Policies Concerning the Environment
- Rising Scarcity of Fresh Water
Partnerships, agreements & collaborations was the key strategy adopted by the major players to strengthen their position in the ultrafiltration market between 2015 and 2018. Partnerships, agreements & collaborations accounted for a share of 53.3% of the total growth strategies adopted by the leading players of the ultrafiltration market between 2015 and 2018. Companies operating in the ultrafiltration market have also adopted the strategy of new product and technology development which has helped them fulfill the emerging need for ultrafiltration in various industries.
DowDuPont (US) has gained a strong foothold in the ultrafiltration market. It is focusing on organic growth and has enhanced its product portfolio through various new product and technology developments to meet the growing demand from customers. In November 2016, Dow France & La Chaîne de l’Espoir developed a multi-technology treatment system. The new technology provided high-quality water using ultrafiltration technology at the French Medical Institute for Mothers and Children in Kabul (IMFE). This new technology development strengthened its position in the Middle East region. In July 2016, the company launched IntegraFlux UF Modules. The launch increased the market share of the company in the Indian market.
Pentair plc (US) is another major player operating in the ultrafiltration market. The company has a broad product portfolio for ultrafiltration technology which find applications in various industries. To focus more on water treatment solutions, the company divested its electrical business and plans to increase its market share by focusing on driving long-term growth in sales, operating income, and productivity along with acquisitions. In addition, the company has invested USD 115.8 million in its R&D activities in 2017 to develop new products and technologies with increased performance for existing and emerging applications.
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