The Membrane separation technology Market is projected to grow at a CAGR of 7.2%

The Membrane separation technology Market Global Industry is projected to reach USD 28.10 billion by 2022 at a CAGR of 7.2%. The base year considered for the study is 2016 while the forecast period is from 2017 to 2022.

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Membrane separation technology is used to separate and to purify a specific component from the rest of the mixture. This technology is widely used for commercial and industrial purposes. Certain properties of membrane separation technology, such as durability, porosity, permeability, stability, and selectivity, make them an indispensable element in various industrial applications. Membrane separation technology are widely used in water & wastewater treatment, industrial, laboratory, medical, food & beverage, and research applications to purify, concentrate, sterilize, or separate samples.

Market Dynamics (Drivers)

·         Increasing awareness regarding water & wastewater treatment

·         Requirement for selective separation technology for meeting water quality standards

·         Stringent regulatory and sustainability policies concerning the environment

·         Growth in the biopharmaceutical industry

·         Benefit of low operating power and capable of working in harsh environments

Increasing awareness regarding water & wastewater treatment

Water is a basic necessity for human existence and industrial development. Increasing population and expansion of industries increases the demand for water, which in turn, increases the need for membranes in water & wastewater treatment applications. Moreover, increasing concerns regarding wastewater discharge and drinking water quality is also driving the membrane separation technology market, globally.

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The scarcity of pure water has provided opportunities for use of membranes in brackish water purification. High purity standards and stringent regulations regarding drinking water and industrial wastewater discharge are leading to increased water and wastewater treatment activities that use RO, UF, and MF membranes on a large scale. In the U.S., it is mandated by the law that citizens should be given clean and abundant water. The EU’s bathing water standards policy have rules for safeguarding public health with clean bathing water and so on. All these policies are set to increase water & wastewater treatment processes across the world. This is driving the growth of the global membrane separation technology market.

Objectives of the Study:

·         To define, describe, and forecast the membrane separation technology market on the basis of technology, application, and region

·         To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

·         To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market

·         To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders

·         To strategically profile key players and comprehensively analyze their market shares and core competencies2