FOR IMMEDIATE RELEASE
October 12, 2010
MARKET FOR MEMBRANE TECHNOLOGY FOR LIQUID AND GAS SEPARATIONS TO BE WORTH $2.3 BILLION IN 2015
Wellesley, Mass. – According to a new technical market research report, MEMBRANE TECHNOLOGY FOR LIQUID AND GAS SEPARATIONS (MST041E) from BCC Research (www.bccresearch.com), the market for membrane technology for liquid and gas separations is worth an estimated $1.6 billion in 2010, but is expected to increase to nearly $2.3 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 6.9%.
The largest segment of the market, made up of conventional liquid separations, is expected to reach more than $2 billion in 2015, after increasing at a CAGR of 6.9% from the estimated 2010 value of nearly $1.5 billion.
The other segment, made up of gas separation, pervaporation, and novel separations, is projected to increase from an estimated $180 million in 2010 to $247 million in 2015, for a CAGR of 6.5%.
This report provides an in-depth analysis of the market for membrane technology across a range of filtration types and applications. Covered technologies include reverse osmosis, nanofiltration, ultrafiltration, microfiltration, electrochemical processes, gas separation, pervaporation, and two novel processes. Applications for these filtration types include potable water, process water, and wastewater treatment; food and beverage processing; biopharmaceuticals production; other large-scale liquid separations; and industrial gas separation.
This is primarily a study of the U.S. market, but due to the international presence of many industry participants, global activities are included where appropriate. Five-year projections are provided for market activity and value. Industry structure, technological trends, pricing considerations, R&D, government regulations, company profiles, and competitive technologies are included in the study. Only industrial scale membrane products are evaluated.
Several new membrane products for gas separation appear to be on the brink of commercialization. After years of lacking suitable materials for large and promising applications in several areas, inorganic and organic/inorganic hybrid membranes are poised to enter the market for such uses as hydrogen separation and natural gas purification. Pervaporation also appears to be on the verge of success for a number of lucrative uses in fuels manufacturing and refinery processes.
This study is intended for individuals requiring an in-depth analysis of the membrane industry that traces significant developments and forecasts important trends, quantifies the various market sectors, and highlights companies active in those areas.
Source: BCC Research
Membrane Technology for Liquid and Gas Separations( MST041E )
Target Date: August 2010 Price: $5450.00
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: firstname.lastname@example.org as the source and publisher. Thank you.