The Global Membranes Market is projected to reach a value of over USD 10 billion by 2027 at a CAGR of around 7.7%.
Membranes are a microporous barrier of various material used to separate dissolved material and fine particles from the solution. Membranes are increasingly used for removal of bacteria, particulates, microorganisms, and natural organic material, which can impart taste, colour, and odour to water and other fluids. Membrane market is projected to be affected by their increasing usage in the pharmaceutical and biomedical industry.
Market Driver:
Water is a basic essential thing for human and development various of industries. Increasing population, along with increasing living standard spur the demand for freshwater. Moreover, the expansion of chemicals, pharmaceuticals, food and beverages and many other industries has led to increasing the demand for water, which in turn, increase the need for membrane in water and wastewater treatment. Furthermore, the increasing concern about drinking water quality and wastewater discharge is boosting the membrane market during the forecasted period.
Market Opportunities:
The scarcity of freshwater around the world is expected to create a huge market opportunity for the membranes market. The water purity standard, stringent regulation regarding drinking water and industrial wastewater discharge are boosting the water and wastewater treatment activities on a large scale around the globe. For instance, according to the American Society of Civil Engineer’s 2017 infrastructural report card, there are around 14,748 water treatment plants in the United States of America, and till 2032 more than 56 million new users will be connected to centralized wastewater treatment systems.
Thus, the rising scarcity of freshwater has led to boost the water treatment activities, which in turn to boost the demand for membranes market.
The report on the membranes market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Material, Technology, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Membranes Market, by Material
Membranes Market, by Technology
Membranes Market, by End User
Membranes Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE MEMBRANES MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY