Global Market for Membrane Separation Technologies is Projected to Exceed US$22.7 Billion by 2020
Increasing Demand for Clean Water Drives Demand for Membrane
Separation Technologies, According to New Report by Global Industry Analysts, Inc.
GIA launches
comprehensive analysis of industry segments, trends, growth drivers, market
share, market size and demand forecasts on the global Membrane
Separation Technologies market. Global
market for Membrane Separation Technologies is projected to exceed US$22.7
billion by 2020, driven by increasing demand for clean water and stringent
regulations related to wastewater treatment.
Commodification
of water is a key trend driving growth in the membrane separation technologies
market. With water achieving the status of a tradable commodity, water desalination
and purification are growing in prominence thus benefiting growth in the market.
In several parts of the world, usable water needs are no longer met by natural
sources such as rivers, lakes, reservoirs, and underground wells. Receding water
tables, and groundwater pollution are forcing authorities to treat brackish
water, wastewater, seawater, and municipal waste water to meet growing water
needs. The scenario is helping benefit demand for water treatment equipment,
including membrane separation technology.
Membrane
separation technology has long been in use across several industries for
applications requiring separation of components from a liquid medium. Adoption
of membranes separation technology has increased significantly over the recent
years supported by stringent waste water disposal regulations. Growing water
scarcity and shortage and the ensuing need for water re-use is currently
driving demand in the market, since membranes flaunt the ability to recover of a
wide variety of pollutants from water. Expanding applications in medical and pharmaceutical
sectors, and upgrade and expansion of water treatment networks including membrane-based
desalination systems are offering opportunities for growth. Technological
advancements and the subsequent reduction in costs are further expected to drive
growth in the market. Improved performance, cost and energy efficiency benefits
are expected to spur adoption of membrane wastewater treatment systems in a
range of municipal and industrial applications.
Reverse osmosis
membranes, which find applications in desalination, pharmaceutical water and
power plant boiler feed water, represents the largest product market. Technologies
such as microfiltration and ultrafiltration, which enable the elimination of
macromolecules, colloids and other contaminant particles dissolved in potable
water, are also expected to witness growth. Significant growth is also expected
to come from nanofiltration membranes, a technology well suited for softening
water through elimination of low dissolved solids and for disinfecting feed
water.
As stated by
the new market research report on Membrane Separation Technologies, the United
States represents the largest market worldwide, led by environmental
regulations and rising importance of water recycling. Asia-Pacific, with a CAGR
of 10.4% over the analysis period, ranks as the fastest growing region supported
by demand from sectors such as mining, desalination, food and beverage, and semiconductors,
among others,
Major players covered
in the report include Degremont SA, Dow Water & Process Solutions, 3M
Purification Inc., EMD Millipore, Evoqua Water Technologies, GEA Filtration, GE
Water & Process Technologies, Nitto Denko Corporation, Pall Corp., Veolia
Environnement SA, and Sulzer Ltd. among others.
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