Global Membrane Separation Market to Exhibit 10.8% CAGR owing to Shift of Focus towards Physical Water Treatment Methods
Published On : Aug 30, 2015
The membrane separation technology is used for separating materials via minute gaps and pores within a molecular arrangement without the addition of chemicals. Surging demand for clean processed potable water, coupled with strict government regulations, drives the global market for membrane separation. The main rationale of governments is to ensure that the water being supplied to the public is pure and free from impurities. Membrane separation technology is the most extensively applied methods in the purification of water.
Greater focus towards physical treatments in place of chemical treatments is another key factor driving the global membrane separation market. Chemical treatments are generally considered to be environmentally unclean, which is why most government regulations encourage the use of physical treatments. The concept of “water reuse” is also gaining a lot of importance since, there are regions that face acute water shortages. Expanding at a CAGR of 10.8% from 2013 to 2019, the global membrane separation market is expected to reach US$39.2 billion by the end of the forecast period from US$19 billion in 2012.
Widespread Implementation of Environmental Norms to Propel Market Growth
The global membrane separation market is segmented on the basis of type of process, end users, and geography. On the basis of the type of process, this market is segmented into reverse osmosis, nanofiltration, ultrafiltration, and microfiltration. In 2012, the segment for microfiltration held the largest share of the market, which accounted for 35% of the global membrane separation market with a share that exceeded.
The various end users in the global membrane separation market are healthcare, industrial, and water and wastewater treatment. The water and wastewater treatment segment is the fastest growing segment and holds the highest share in the global membrane separation market.
High demand from the municipal sector, strict implementation of environmental norms, a rapidly growing global population, and worldwide industrial expansion are the prominent factors that drive the global membrane separation market.
High Installation Costs: A Glaring Challenge in the Global Membrane Separation Market
Geographically, the global membrane separation market is segmented into Asia Pacific, Europe, and North America. Countries such as Germany and Italy make use of the membrane separation technology for liquid separation in industries such as oil and petroleum. The expansion of the oil and petroleum industry is expected to fuel the growth of the membrane separation market in the years to come.
In 2013, Europe was the largest regional player in the global membrane separation market and is anticipated to reach US$13.8 billion by 2019, thereby expanding at a healthy CAGR of 9.6%. The global membrane separation market is a highly fragmented one with many companies supplying membrane separation products to the various end users. However, high installation costs, insufficient funds, steep operational costs, and the threat of other water purifying methods that ensure enhanced water quality are factors that hamper the growth of the global membrane separation market.
The prominent companies in the global membrane separation market are Kubota, Hyflux, Asahi Kasei Corporation, Polypore International Inc., Pall Corporation, Pentair X-Flow, Evoqua Water Technologies Inc., IDE Technologies, The Dow Chemical Company, 3M Company, and Koch Membrane Systems Inc.
Browse Full Global Membrane Separation Market Research Report With Complete TOC @ http://www.persistencemarketresearch.com/market-research/membrane-separation-market.asp
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