Membranes Market Trends, Opportunity and Value Chain by 2027, Fortune Business Insights™
The global
membranes market size is anticipated to be affected by their increasing usage
in pharmaceutical and biomedical industry. They help in lowering the
concentration of effluent stream, as well as in recovering significant substrate
or intermediate. This information is given by Fortune Business Insights™ in a recently published report, titled,
“Membranes Market Size, Share &
Industry Analysis, By Technology (RO/FO, UF, NF, MF, and Others), By
Applications (Water & wastewater treatment, Food & beverage, Gas
separation and Others) and Regional Forecast, 2019-2027.”
The report
further mentions that the membranes
market size was USD
6,899.65 million in 2019 and is projected to reach USD 10,021.47 million by 2027, thereby exhibiting a CAGR of 5.74%
during the forecast period.
The
emergence of COVID-19 has brought the world to a standstill. We understand that
this health crisis has brought an unprecedented impact on businesses across
industries. However, this too shall pass. Rising support from governments and
several companies can help in the fight against this highly contagious disease.
There are some industries that are struggling and some are thriving. Overall,
almost every sector is anticipated to be impacted by the pandemic.
We are
taking continuous efforts to help your business sustain and grow during
COVID-19 pandemics. Based on our experience and expertise, we will offer you an
impact analysis of coronavirus outbreak across industries to help you prepare
for the future.
Highlights of the Report:
·
In-depth information about the challenges,
opportunities, and market trends.
·
Elaborate details regarding the growth
drivers and obstacles that the market may come across during the forthcoming
years.
·
List of the crucial factors impacting
the market in every region.
·
Extensive analysis of the latest bets
for the market.
Browse summary:
https://www.fortunebusinessinsights.com/membranes-market-102982
Drivers & Restraints-
Rising Environmental Concerns to Accelerate Growth
Rapid industrialization
and urbanization, especially in the developing countries is resulting in water
pollution. Therefore, the strain on water resources is surging. The governments
and regulatory bodies of several countries are implementing stringent norms and
laws regarding industry discharge to control water pollution. The increasing environmental
concerns have thus, compelled large portion of the industries to adopt
membrane-based technology for curbing the level and severity of pollutants in
their discharge streams. They are presently trying to comply with the
regulations. Membranes play a vital role in providing zero liquid discharge
(ZLD). It is helping the industries in lowering the environmental impact. However,
fouled membrane can have harmful effects on its operations. This factor may
obstruct the membranes market 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 gas separation, 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 the sole purpose of water & wastewater treatment.
Later, as the technology evolved, they found their application in a wide range
of industries consisting of biomedical, pharmaceutical, and food &
beverage. The emergence of membrane purification technologies has proved to be
promising by meeting the urgent need for portable water.
Regional Analysis-
Various Planned Desalination Projects in India & China to Favor
Growth in Asia Pacific
Geographically,
Asia Pacific procured USD 2,382.47 million in 2019 in terms of revenue. This
growth is attributable to the major contributions of countries, such as
Australia, India, Japan, and China. Japan is considered to be one of the
largest producers of membranes globally. Several planned desalination projects
in India and China are set to boost the growth of the market in this region. Chennai
in India, for instance, houses two desalination 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 second position owing to the contributions of Italy,
Spain, France, and Germany.
Request
a sample PDF (Includes COVID-19 Impact Analysis):
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/membranes-market-102982
Competitive Landscape-
Key Players Aim to Strengthen Their Positions by Acquiring Other
Enterprises
The market
is fragmented with the presence of over a thousand integrators and manufacturers.
They are striving to adopt the strategy of mergers and acquisitions and new
product development to strengthen their position in the market. Below are a
couple of the latest industry developments:
·
March
2020: Toray, a multinational corporation headquartered in Japan
announced that it’s TORAYFIL™ UF and ROMEMBRA™ RO membranes were chosen for a
new seawater desalination facility. It is supposed to be Brazil’s largest plant
and is set to be operational by the fourth quarter of 2020.
·
October
2019: DuPont acquired Evoqua Water Technologies, a reputed provider of
cost-effective water treatment systems, based in Pittsburgh. The company
acquired the latter’s business line named MEMCOR®. This new acquisition would
help DuPont in strengthening its position in the global market.
Fortune Business Insights™ lists out the names of all the membrane
manufacturers. They are as follows:
•
TORAY INDUSTRIES, INC. (Japan)
•
DuPont (U.S.)
•
SUEZ (France)
•
KOCH (U.S.)
•
Pentair plc (U.S.)
•
TOYOBA (Japan)
•
Hydranautics – A Nitto Group Company
(U.S.)
•
Pall Corporation (U.S.)
•
Seccua GmbH (Germany)
•
Synder Filtration (U.S.)
•
Others
About Us:
Fortune
Business Insights™ delivers accurate data and innovative corporate analysis, helping
organizations of all sizes make appropriate decisions. We tailor novel
solutions for our clients, assisting them to address various challenges
distinct to their businesses. Our aim is to empower them with holistic market
intelligence, providing a granular overview of the market they are operating
in.
Contact Us:
Fortune
Business Insights™ Pvt. Ltd.
308,
Supreme Headquarters,
Survey No.
36, Baner,
Pune-Bangalore
Highway,
Pune -
411045, Maharashtra, India.
Phone:
US :+1 424
253 0390
UK : +44
2071 939123
APAC : +91
744 740 1245
Email:
sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Comments
Post a Comment