The global membranes market is projected to reach USD 11.95 Billion by 2021, at a CAGR of 10.3%. The membranes market has been witnessing significant growth in recent years, and this growth is expected to persist in the coming years as well.
Seattle, WA -- (SBWIRE) -- 05/03/2017 -- The report "Membranes Market by Type (Polymeric, Ceramics), Technology (RO, UF, MF, NF, Pervaporation, Gas Separation), Application (Water & Wastewater Treatment, Food & Beverage, Medical & Pharmaceutical, Industrial Gas Processing), Region - Global Forecast to 2021", The membranes market is projected to grow from an estimated USD 7.32 Billion in 2016 to USD 11.95 Billion by 2021, at a CAGR of 10.3%.
Browse 66 market data tables and 51 figures spread through 136 pages and in-depth TOC on "Membranes Market - Global Forecast to 2021"
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This market is mainly driven by the application sectors, such as water & wastewater treatment, medical & pharmaceutical, food & beverage, and chemical processing. The development of the pharmaceutical and industrial sectors in North America and Asia-Pacific is driving the growth of this market.
Polymeric: The largest type segment of the membranes market
The membranes market is segmented based on type into polymeric, ceramic, and others. Among these, the polymeric segment accounted for the largest market share in 2015 due to the easy availability and cost-efficiency of polymeric membranes. These membranes are also suitable for various applications, such as water & wastewater treatment, industrial processing, medical & pharmaceutical, and so on. The ceramic segment is projected to grow at the highest CAGR during the forecast period. Ceramic membranes possess characteristics which include high porosity, high permeability, defined pore size, and good mechanical properties.
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Water & wastewater treatment: The largest application segment of the membranes market
The application segments of the membranes market include water & wastewater treatment, medical & pharmaceutical, food & beverage, industry processing, industrial gas processing, and others. The water & wastewater treatment segment accounted for the largest market share in 2015 due to the increasing usage of membranes for microbial removal, desalination of sea water, sewage treatment, wastewater treatment in chemical industries, processing of natural mineral water, production of potable water, and treatment of brackish water. The medical & pharmaceutical segment is projected to grow at the highest CAGR, in terms of value, during the forecast period.
Asia-Pacific: The fastest growing market for membranes
The Asia-Pacific region is the fastest growing market for membranes. Factors driving the Asia-Pacific membranes are:
Growing demand from the application sectors, such as water & wastewater treatment, medical & pharmaceutical, and food & beverage, in major countries of the region, such as China and India
Increasing investments in the region's membranes market
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Key players of the membranes market include The Dow Chemical Company (U.S.), GE Water & Process Technologies (U.S.), LG Water Solutions (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.).
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