April 25, 2019
WELLESLEY, Mass., April 25, 2019–Consumer demand for high-quality products, increased regulatory pressure, deteriorating natural resources, and the need for environmental and economic sustainability are factors helping to boost the membrane technology for liquid and gas separations market, according to the latest report by BCC Research, “Membrane Technology for Liquid and Gas Separations.”
The U.S. market expects to see a compound annual growth rate (CAGR) of 6% through 2023, when it could be worth $5.1 billion.
“Several new membrane products for gas separation are on the cusp of commercialization,” notes report author and BCC Research analyst Andrew McWilliams. “After years in which there was a lack of suitable materials for large and promising applications in several areas, inorganic and organic/inorganic hybrid membranes are poised to enter the market for uses such as hydrogen separation and natural gas purification.”
Market Seeing Consolidation
Mergers and acquisitions have highlighted market activity in recent years. Notable activity included the acquisition of SAES Pure Gas by Entergris (2018), the acquisition of Oltromare by Microdyn-Nadir (2018) and the acquisition of Natrix Separations by Merck (2017). There has been a relatively small number of market entrants; one notable start-up is PolyCera, which specializes in next-generation membrane technology for industrial wastewater treatment and process separation.
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Membrane Technology for Liquid and Gas Separations( MST041J )
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