The global membranesmarket is anticipated to be affected by their increasing usage inpharmaceutical and biomedical industry. They help in lowering the concentrationof effluent stream, as well as in recovering significant substrate orintermediate. This information is given by Fortune Business Insights™ in arecently published report, titled, “Membranes Market Size, Share & IndustryAnalysis, By Technology (RO/FO, UF, NF, MF, and Others), By Applications (Water& wastewater treatment, Food & beverage, Gas separation and Others) andRegional Forecast, 2019-2027.” The report further mentions that the membranesmarket size was USD 6,899.65 million in 2019 and is projected to reach USD10,021.47 million by 2027, thereby exhibiting a CAGR of 5.74% during the forecastperiod
COVID-19 Impact Analysis:
The recent coronavirus outbreak has had an adverse impact onmajority of the businesses across the world. Accounting to the strict measurestaken by governments of major countries, it has become increasingly difficultto carry out business operations. The report will include the impact of theCovid-19 pandemic on the global. It will also include the strategies that majorcompanies are adopting to overcome the downfalls during this pandemic.
We are making continuous efforts to help your businesssustain and grow during COVID-19 pandemics. Based on our experience andexpertise, we will offer you an impact analysis of coronavirus outbreak acrossindustries to help you prepare for the future.
Drivers &Restraints-
Rising EnvironmentalConcerns to Accelerate Growth
Rapid industrialization and urbanization, especially in thedeveloping countries is resulting in water pollution. Therefore, the strain onwater resources is surging. The governments and regulatory bodies of severalcountries are implementing stringent norms and laws regarding industrydischarge to control water pollution. The increasing environmental concernshave thus, compelled large portion of the industries to adopt membrane-basedtechnology for curbing the level and severity of pollutants in their dischargestreams. They are presently trying to comply with the regulations. Membranesplay a vital role in providing zero liquid discharge (ZLD). It is helping theindustries in lowering the environmental impact. However, fouled membrane canhave harmful effects on its operations. This factor may obstruct the membranesmarket growth during the forthcoming years.
Segment-
Water &Wastewater Treatment Segment to Grow Rapidly Backed by Evolution of Technology
Based on application, the market is divided into gasseparation, food & beverage, water & wastewater treatment, and others.Amongst these, the water & wastewater treatment segment held 45.9%membranes market share in 2019. Membranes were mainly developed owing to thesole purpose of water & wastewater treatment. Later, as the technologyevolved, they found their application in a wide range of industries consistingof biomedical, pharmaceutical, and food & beverage. The emergence ofmembrane purification technologies has proved to be promising by meeting theurgent need for portable water.
Regional Analysis
Various PlannedDesalination Projects in India & China to Favor Growth in Asia Pacific
Geographically, Asia Pacific procured USD 2,382.47 millionin 2019 in terms of revenue. This growth is attributable to the majorcontributions of countries, such as Australia, India, Japan, and China. Japanis considered to be one of the largest producers of membranes globally. Severalplanned desalination projects in India and China are set to boost the growth ofthe market in this region. Chennai in India, for instance, houses twodesalination plants. Each has a capacity of 100 million litres per day (MLD).The third plant is set to begin operations in 2021. Europe is in the secondposition owing to the contributions of Italy, Spain, France, and Germany.
Browse Summary of this Research Report with Detailed Tableof Content:
https://www.fortunebusinessinsights.com/membranes-market-102982
