Persistence Market Research Released New Market Report on “Global Market Study on Membrane Separation: Water & Waste Water Segment to Witness Highest Growth by 2019."
New York, NY -- (SBWIRE) -- 11/14/2016 -- The global membrane separation market was valued at USD 19.0 billion in 2012 and is expected to grow at a CAGR of 10.8% from 2013 to 2019, to reach an estimated value of USD 39.2 billion in 2019.
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Mandatory government regulation and increasing demand for clean processed drinking water is propelling the water processing industry to provide the public with clean processed drinking water free of impurity. Providing growth opportunity for water treatment industry among which, Membrane separation technology is one of the most popular methods used for cleaning water. Mandatory adherence of certain environmental standards by the national government such as the Clean Water Act especially in areas with water scarcity have influenced the demand for better water treatment technology, including membrane separation technology. Shifting from chemical to physical treatments of water is also a major driver as chemical treatments are perceived as an environmentally unclean technology with associated disposal costs. Additional awareness of water scarcity has influenced the demand for water reuse in water stressed areas.
Governments and municipal authorities are increasingly waking up to the effects of environmental degradation on the economy. Worldwide industrial expansion and growing population are propelling the demand for better water treatment technology, providing growth opportunity for the global market of membrane separation technology. Additionally, the oil and petroleum industry is well established in the gulf and European countries such as Italy and Germany which involve membrane separation technology for liquid separation. Expansion of such industry is expected to increase the overall demand for membrane separation technology. Membrane separation technology is bifurcated into four major processes, microfiltration, ultrafiltration, nanofiltration and reverse osmosis. Microfiltration dominates the market with more than 35% global market share in 2012. Whereas water & wastewater dominates the end-user market with 36% global market shares in 2012. The global membrane separation market grew from USD 19.0 billion in 2010 to USD 21.2 billion in 2013.
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European membrane market (largest in 2013) is expected to reach USD 13.8 billion in 2019, growing at a CAGR of 9.6%. In 2012 water & wastewater sector was the major end-user of membrane separation technology and is expected to increase at a CAGR of 11.1% during 2013-19. The membrane separation market is fragmented with several players in the market supplying membrane separation products to the end-users (water and wastewater, industrial and healthcare) in the market. Most of the companies produce different types of membrane products such as microfiltration, nanofiltration, ultrafiltration and reverse osmosis and sell them globally. Major companies operating globally and manufacturing all four products are Evoqua Water Technologies, Pall Corporation, Koch Membrane Systems Inc., Merck Millipore, Degremont SA, Dow Chemical Company, GEA Filtration, 3M Company, Nitto Denko Corporation and Veolia Environnement.