Global Membranes Market is Projected to Grow at a Highest CAGR by Latest Trend, Share, Size, Application, Growth and Forecast to 2024

A membrane acts as a selective barrier that separates and concentrates the feed stream, allowing the constituents to pass while impurities are retained on the membrane. The constituents that pass through the membrane are termed as permeates, and those that are retained are known as concentrates or retentates. There is a growing demand for membranes in water & wastewater treatment, food & beverage, medical & pharmaceutical, industrial processing, and gas processing activities, which is expected to be one of the major drivers of the market over the next seven years.

The Global Membranes Market accounted for USD 7.40 billion in 2016 and is projected to grow at a CAGR of 10.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Market Drivers:
• Demand water & wastewater treatment
• Requirement of selective separation for meeting water quality standards
• Stringent regulations and policies concerning the environment

Market Restraint:
• High capital investment in infrastructure development

Market Segmentation:

The membranes market is segmented on the basis of type into polymeric and ceramics.

On the basis of geography, the membranes market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

On the basis of technology, the market is segmented into RO, UF, MF, NF, pervaporation, gas separation and dialysis & electro dialysis.

On the basis of application, the market is segmented into water & wastewater treatment, food & beverage, medical & pharmaceutical, industry processing, and industrial gas processing.

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Competitive Landscape:

The global membranes market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Major Market Competitors:

Some of the major players in membranes market include Merck Millipore, The DOW Chemical Company, Toray Industries, Inc., Nitto Denko Corporation (Hydranautics), Pentair PLC, Asahi Kasei Corporation, LG Water Solutions, Koch Membranes Systems, Inc., Pall Corporation, GE Water & Process Technologies, Hyflux Ltd, Parker-Hannifin Corporation, Lanxess Ag, Axeon Water Technologies, Inge GmbH, Membranium, Microdyn-Nadir GmbH, Markel Corporation, GEA Filtration, Veolia Environnement SA, Toyobo Co., Ltd., PCI Membranes, Corning Inc., W. L. Gore & Associates, Polymem and many more.

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