Membrane Separation Systems Market to Register Promising 9.3% CAGR from 2018 to 2025

Membrane Separation Systems Market
Membrane Separation Systems Market

The global market for membrane separation systems has been analyzed in a detailed market research report recently added to the portfolio of The report, titled “Membrane Separation Systems Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025,” estimates that the market will exhibit a highly promising 9.3% CAGR over the period between 2017 and 2025. If the numbers hold true, the market is expected to rise from a valuation of US$28,134.4 mn in 2016 to an opportunity of US$61,801.9 mn by 2025.

The report states that the global membrane separation systems market has significantly benefited from the increased focus of the enterprise sector on their waste disposal activities and the rising willingness to follow sustainable environmental standards. This is one of the key factors that could drive the market in the next few years. Furthermore, a massive rise in awareness regarding the degrading effects of poor environmental standards has compelled governments and municipalities across the globe to consider technological remedies to treat and reuse waste water. This trend is also a key factor driving the global membrane separation systems market. The report also covers the other key drivers and restraints and their present and expected impact on the industry.

However, the global membrane separation market will be challenged by other water purification processes. Moreover, the high operation and installation costs associated with membrane separation in combination with lack of funds in developing countries will suppress the global membrane separation market. Nevertheless, the rising awareness about global water shortage problems has resulted in higher demand for water reuse in water-starved areas, which could boost the market for membrane separation systems in these regions.

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The global membrane separation market is segmented according to technology into reverse osmosis, nanofiltration, microfiltration, ultrafiltration, ion exchange, and chromatography. Of these, the microfiltration segment accounted for the dominant share in the market in 2016 owing to the vast demand across biotechnology sector. The segment is, however, likely to register a sluggish pace of expansion owing to stagnant opportunities in developed economies and the introduction of new membrane separation systems.

In terms of application, the global membrane separation systems market has been segmented into food and beverages, environmental, environmental, chemical processing, mining, dairy, energy, and electrical and electronics. In terms of the material used for manufacturing membrane separation systems, the market has been segmented into Polyvinylidene Fluoride (PVDF), Polyethersulfone (PES), Nylon, Cellulose Based, Polysulfone (PS), Polypropylene (PP), Polytetrafluoroethylene (PTFE), Polyvinyl Chloride (PVC), and Polyacrilonitrile (PAN).

The report also presents individual and detailed overview of the membrane separation systems market across key regional markets such as North America, Europe, Asia Pacific, and Middle East and Africa. The report states that the market in Europe accounted for the dominant share in the overall market in 2016.

The report also presents a detailed overview of several players operating in the market. It mentions prominent R&D projects that will shape the global membrane separation system market in the next few years. It is estimated that companies in the global membrane separation systems market will benefit from the increasing preference of consumers towards chemical-free water treatment processes.

Several companies across the globe are investing heavily in R&D projects for the development of technologically advanced and high-quality membrane separation systems. The key companies involved in the manufacture of membrane separation systems are Pall Corporation, 3M Company, Koch Membrane Systems Inc., Merc Millipore, Degremonth, Dow Chemical Company, and Veolia Environment.

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