Global Membrane Separation Technology Market report provide emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. The market report assesses key opportunities in the market and outlines the factors that are and will be driving the growth of the Membrane Separation Technology industry.
The global membrane separation technology market is projected to reach USD 28.10 billion by 2022, at a CAGR of 7.2%.
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Major Key Companies of Membrane Separation Technology Market are:
- The Dow Chemical Company (U.S.)
- GE Water & Process Technologies (U.S.)
- The 3M Company (U.S.)
- Toray Industries (Japan)
- Merck Millipore (Germany)
- Asahi Kasei Corporation (Japan)
- Hydranautics (U.S.)
- Danaher Corporation (U.S.)
- Pentair plc (U.K.)
- and Koch Membrane Systems Inc. (U.S.)
The Asia-Pacific region is the largest as well as fastest-growing membrane separation technology market. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, and rise in the applications of membrane separation technology across the water & waste water treatment, medical & pharmaceutical, industrial processing, and food & beverages industries are some of the major factors expected to fuel the growth of the market. Countries such as China, and Japan, which are major producers of membrane separation technology, are expected to drive the growth of the market in the Asia-Pacific region.
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Major Factors of this Membrane Separation Technology Industry are:
1.1 Increasing awareness regarding water & wastewater treatment
1.2 Requirement for selective separation technology for meeting water quality standards
1.3 Stringent regulatory and sustainability policies concerning the environment
1.4 Replacement of other technologies
1.5 Growth in the biopharmaceutical industry
2.1 Cost restraints related to adoption of membrane filters
3.1 Growing demand for membrane separation technology in emerging economies
4.1 Increasing membrane lifespan
“Nanofiltration (NF) technology is the fastest-growing technology segment in the membrane separation technology market”
Nanofiltration (NF) technology is the fastest-growing technology segment in the membrane separation technology market, owing to increasing usage to separate trace amounts of salts and other dissolved solutes from already treated water to produce ultrapure water for the electronics industry. Membrane Separation Technology market properties make it suitable for a wide range of applications such as water & waste water treatment, medical & pharmaceutical, industrial processing, and food & beverages.