July 18, 2019
WELLESLEY, Mass., July 18, 2019 – An increasing need for affordable water purification technologies to obtain potable water and a greater need to recycle and reuse wastewater from industrial processes are two factors driving growth in the global nanofiltration market, according to a report by BCC Research, “Global Markets and Technologies for Nanofiltration.”
The market expects to see a compound annual growth rate (CAGR) of 18.2% through 2024, when it could be worth $1.2 billion.
Read the full report here: https://www.bccresearch.com/market-research/nanotechnology/nanofiltration.html
“The global demand for potable water is projected to reach $946 billion in 2024 and is expected to grow at a CAGR of 7.6% through the next five years,” writes analyst Margareth Gagliardi. “Due to continued population growth, resulting in increased demand for water for private, agricultural and industrial use, and a decrease in freshwater sources related to environmental degradation and environmental changes, potable water is becoming scarcer.”
World Markets for Nanofiltration
Currently, approximately 45% of all companies involved in the development and manufacturing of nanofiltration membranes are located in the U.S., 35% are located in Europe, while the remaining 20% are distributed between Asia-Pacific and the Rest of the World. The market is formed by players of different sizes that serve both national and international markets.
Global Markets and Technologies for Nanofiltration( NAN045C )
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