Membrane Separation Technology Market Size Worth $43.4 Billion by 2027: Grand View Research, Inc.
SAN FRANCISCO, May 4, 2020 /PRNewswire/ -- The global membrane separation technology market size is expected to reach USD 43.4 billion by 2027, expanding at a CAGR of 11.7% over the forecast period, according to a new report by Grand View Research Inc. Rising adoption of membrane separation technology applications in food and beverage processing industry is expected to positively influence the overall the market growth.
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Key suggestions from the report:
-- The ultrafiltration product segment is expected to expand at a CAGR of
12.3% over the forecast period, as it is emerging as one of the
economical and versatile solutions for fluid treatment across the globe
-- The Europe market size was valued at USD 3.9 billion in 2019 and is
projected to expand at a CAGR of 8.8% over the forecast period on
account of increasing penetration in the growing pharmaceutical sector
-- In 2019, waste and wastewater treatment applications dominated the
market with a share of more than 46%. Rising focus on recycling of
municipal and industrial wastewater discharges is expected to drive the
membrane separation technology market growth
-- Asia Pacific market is expected to exhibit a CAGR of 13.4% over the
forecast period on account of rapid industrialization coupled with
increasing regulations pertaining to maintaining environment quality
-- In April 2019, AXEON Water Technologies announced its decision to
appoint ADEKHA Ltd. as its authorized distributor and strategic partner
in the Middle East and Africa. This appointment is expected to help
AXEON expand its footprint in Nigeria and West Africa.
Read 143 page research report with ToC on "Membrane Separation Technology Market Size, Share & Trends Analysis Report By Technology (Microfiltration, Ultrafiltration, Nanofiltration), By Application, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/membrane-separation-technology-market
Technology advancements related to durability enhancement and reduction of fouling potential are expected to have a favorable impact on the widespread adoption of membrane separation technologies. In addition, manufacturers have developed membranes that can withstand high operating temperatures and harsh chemical environments, which is expected to benefit the market growth.
Stringent regulatory framework and environmental concerns are expected to play a critical role in shaping the industry in the near future. Government regulations and policies pertaining to the water treatment for industrial as well as domestic wastewater are anticipated to positively impact water filtration industry, thereby, driving the demand for membrane separation.
Key players in the market such as Merck KGgA; Toray Industries, Inc.; Pentair plc; Hydranautics; and Dupont De Nemours, Inc. own several trademarks and patents, which provide them a competitive edge in the market. In addition, the companies are continuously involved in enhancement of design and performance of their products in order to provide superior separation.
Grand View Research has segmented the global membrane separation technology market on the basis of technology, application, and region:
-- Membrane Separation Technology Outlook (Revenue, USD Million, 2016 -
2027)
-- Reverse Osmosis
-- Microfiltration
-- Ultrafiltration
-- Nanofiltration
-- Membrane Separation Technology Application Outlook (Revenue, USD
Million, 2016 - 2027)
-- Waste & Wastewater Treatment
-- Industry Processing
-- Food & Beverage Processing
-- Pharmaceutical & Medical
-- Others
-- Membrane Separation Technology Regional Outlook (Revenue, USD Million,
2016 - 2027)
-- North America
-- U.S.
-- Canada
-- Mexico
-- Europe
-- U.K.
-- Germany
-- France
-- Italy
-- Spain
-- Russia
-- Asia Pacific
-- China
-- India
-- Japan
-- Australia
-- South Korea
-- Central & South America (CSA)
-- Brazil
-- Argentina
-- Middle East & Africa (MEA)
-- Saudi Arabia
-- South Africa
Find more research reports on Advanced Interior Materials Industry, by Grand View Research:
-- Heat Treated Steel Plates Market - Global heat treated steel plates
market size was valued at more than USD 5.8 billion in 2019 and is
anticipated to expand at a CAGR of 3.9% from 2020 to 2027.
-- Thermal Ceramic Market - Global thermal ceramic market size was valued
at USD 3.8 billion in 2019 and is anticipated to expand at a CAGR of
7.1% from 2020 to 2027.
-- Aerospace Forging Market - The aerospace forging market is set to
witness significant growth throughout the forecast period owing to
increase in air travel, increasing demand for new aircrafts and hence
increasing the demand for the aerospace forged components.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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SOURCE Grand View Research, Inc.
