Mandatory government regulations 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.
New York, NY -- (SBWIRE) -- 06/10/2016 -- Persistence Market Research has released a new market study on the global membrane separation market. The report, which is titled "Global Market Study on Membrane Separation: Water and Waste Water Segment to Witness Highest Growth by 2019", is a quantitative and qualitative analysis of the progress of the said market during the forecast period. The various valid and critical aspects that are imperative to the market are encapsulated to present a formidable analysis of the market.
According to the report's findings, the global membrane separation market will expand at a 10.80% CAGR from 2013 to 2019 to reach a valuation of US$39.2 bn by the end of the forecast period. In 2012, the membrane separation market was worth US$19 bn.
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That clean drinking water is one of the basic survival needs is well-endorsed by welfare agencies around the world. In the pursuit to provide this basic necessity to the population, governments around the world have stipulated mandates that water processing agencies are required to abide by. This opens opportunities for the various water treatment methodologies, membrane separation being one of the most reliable of the lot.
With increasing industrial activities and population growth, environmental degradation has been the repercussion. Water bodies around the world have been affected severely by industrial pollution, which has caught the attention of government and municipal agencies. Thus, safe water treatment methodologies, such as membrane separation, that are definitive and are free of chemical treatments are sought to provide clean water to the populace.
Depleting levels of water bodies due to environmental changes has led to the scarcity of this basic amenity, which has necessitated water reuse after the application of water treatment methods. These processes are strictly controlled and fall under the realm of various clean water acts that are prescribed by the foremost welfare agency of any country. The use of membrane separation suffices the requisites that are mandated under the water cleanliness acts of most countries.
The report points out that membrane separation is useful for liquid separation in other industries as well. In GCC countries as well as some countries in Europe that have an established oil and petroleum industry, membrane separation is widely used for liquid separation. With further expansion of oil activities in these regions, the membrane separation market will receive a boost. To serve welfare, commercial, and industrial needs, Europe stands as the largest market for membrane separation, with the regional market set to develop at a CAGR of 9.60% between 2013 and 2019. The European membrane separation market will be worth US$13.8 bn by the end of 2019.
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The report states that the global membrane separation market is considerably fragmented due to the presence of several small and large players that supply membrane separation products to the end users. Nevertheless, players that have a significant presence in the global market and supply the major membrane separation products are Evoqua Water Technologies, Koch Membrane Systems Inc., Degremont SA, GEA Filtration, Pall Corporation, Nitto Denko Corporation, Merck Millipore, Dow Chemical Company, 3M Company, and Veolia Environment.
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