Membrane Separation Market likely to grow to USD 39.2 billion by 2019

2024-11-05 07:32:00 News & Society

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In its latest research report published recently, Transparency Market Research, the membrane separation sector across the globe is was valued at USD 19.0 billion in 2012, but is expected to reach a growth of a CAGR of 10.8% between 2013 and 2019. This rise will see the market?s valuation at of USD 39.2 billion by 2019. The report titled, ?Membrane Separation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 ? 2019?, is available for sale on the company?s website.

As the world in reeling under the pressure of scarce clean water, the government regulations for providing the same are only getting stricter by the day. Compulsion to follow these rules, and to cater for the exponentially rising need for clean processed water have become the greatest market drivers for membrane separation processes, as it happens to be the most commonly known process for cleaning water. Another factor contributing to the rise of membrane separation industry is the change from chemical treatment of water to a physical treatment, as the former is considered to be an environmental hazard along with its disposal costs. It is also the awareness of global water shortage that has demanded water reuse in water stressed areas. Membrane separation is a process used by various sectors such as healthcare, industrial sectors, and water and wastewater treatment.

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Since Clean Water Act by the government has made adherence to environmental standards mandatory, demand for clean water is looked through the lens of membrane separation technology. In addition to the awareness of degenerative effects of poor environmental standards, the Governments and municipalities across the world are seriously considering use of better technology to treat and reuse water. This change in perception of the water treatment technologies is speedily driving the membrane separation technology.

he membrane separation technology is divided in four parts, namely, reverse osmosis, nanofiltration, ultrafiltration, and microfiltration. Over 35% of global market share is held by microfiltration, while water & wastewater holds 36% global market share in the end-user market.
From 2010 to 2013 the global membrane separation market has seen a rise from USD 19.0 billion to USD 21.2 billion. By 2019 it is expected to a touch a figure of USD 13.8 billion. Water & wastewater sector became the biggest user of membrane separation technology in 2012. From 2013 to 2019 this figure is expected to rise at CAGR of 11.1%.

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The membrane separation technology market is segmented with several players in the market providing this solution. However, these companies are making and selling different types of membrane products such a reverse osmosis, ultrafiltration, and nanofiltration globally.

Some of the biggest companies into manufacturing all the products in membrane separation technology are, Evoqua Water Technologies, Veolia Environnement, Koch Membrane Systems Inc., Pall Corporation, Merck Millipore, 3M Company, Degremont SA, Dow Chemical Company, GEA Filtration, and Nitto Denko Corporation.

Browse Press Release of Membrane Separation Market :
http://www.transparencymarketresearch.com/pressrelease/membrane-separation-market.htm

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