Global Membrane Separation Technology Market
The global membrane separation technology market was valued at USD 18.45 billion in 2016 and is projected to reach USD 34.79 billion by 2025, growing at a CAGR of 7.30% from 2017 to 2025. Membrane separation technology market is expected to grow rapidly owing to the large amounts of waste generated around the world. The low energy requirements of the process is driving its application. The product innovation is expected to boost market demand over the forecast period.
1. Market Drivers
1.1 Increasing awareness regarding wastewater treatment
1.2 Growth in biopharmaceutical industry
2. Market Restraints
2.1 High costs associated with technology usage
2.2 Short lifespans of membranes
The global membrane separation technology market is segmented on the basis of technology, application, and region.
1. By Technology:
1.1 Reverse Osmosis
2. By Application:
2.1 Water & Wastewater Treatment
2.1.2 Public Utility Water Treatment
2.1.3 Waste Reuse
2.2 Food & Beverage
2.2.1 Dairy Processing
2.2.2 Beverage Processing
2.2.3 Food & Starch Processing
2.3 Medical & Pharmaceutical
2.3.1 Pharmaceutical Processing
2.3.2 Medical Device
2.4 Industry Processing
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. DOW Chemical Company
2. Merck Millipore
3. Nitto Denko Corporation
4. Toray Industries
5. Pentair PLC
6. Asahi Kasei Corporation
7. Koch Membrane Systems
8. Axeon Water Technologies
9. 3M Corporation
10. Pall Corporation
11. GE Water & Process Technologies
12. Corning Inc
13. Hyflux Ltd.
14. Lanxess AG
15. PCI Membranes
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the global membrane separation technology market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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