Global Membrane Separation Market Will Reach USD 39.2 Billion in 2019
By 2019, the global market study on Membrane Separation, water and waste water segment will witness highest growth and is expected to reach USD 39.2 Bn.
Compulsory government guideline and growing demand for fresh drinking water is forcing the water processing business to proffer people with fresh as well as pure drinking water.
Advanced water treatment opportunities is provided among industry among water processing business. And nowadays, one of the popular water cleaning method is Membrane separation technology. Compulsory adherence by the government for some assured environmental standards like Clean Water Act, particularly in water scarcity areas is influencing need for good technology for water treatment technology like membrane separation technology.
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One of the key driver is the change from chemical to physical water because chemical treatments are supposed to be an unclean technology with its related disposal prices too. Additionally, in areas that are water stressed, water scarcity awareness is also influencing the growing demand for reuse of water.
Several ruling classes as well as governments are gradually waking up and getting aware of the effects done on the economy by environmental degradation. Industrial expansion across the globe as well as increasing number of population is one after the other boosting the demand for best technology for water treatment that gives enough growth opportunity to membrane separation technology in the global market.
Moreover, in the Gulf and European regions like Germany and Italy, industry of oil and petroleum is well established and uses membrane separation technology for separating liquids. And if these industries expands then the demand for membrane separation technology is also expected to increase. Bifurcation of Membrane separation technology is done on the basis of four major processes including nanofiltration, ultrafiltration, microfiltration, and reverse osmosis.
Among these processes, market of microfiltration dominates the global market share with more than 35% while water & wastewater dominates the end-user market with 36% global market shares in 2012. Also, from 2010 to 2013, the global membrane separation market increased from USD 19.0 Bn to USD 21.2 Bn.
The Membrane separation market is segmented on the basis of product type (Nanofiltration, Microfiltration, Ultrafiltration and Reverse osmosis), by application type (Industrial, Water as well as waste water and Healthcare) and by region type (Asia Pacific, North America, Europe and Rest of the World (RoW)).
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Some of the key players operating in the global membrane separation market include Merck Millipore, Veolia Environnement, Nitto Denko Corporation,Koch Membrane Systems, 3M Company,Dow Chemical Company, GEA Filtration, Evoqua Water Technologies, Pall Corporation and Degremont SA.
Long-term Outlook: The global market study on Membrane Separation is progressing at a CAGR of 10.8% in a forecast period from 2013 to 2019.
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Summary: By 2019, the global market study on Membrane Separation, water and waste water segment will witness highest growth and is expected to reach USD 39.2 Bn.
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