Membranes Market Poised to Reach $29.3 Billion at a CAGR of 9.43% by 2019 - Report by MarketsandMarkets
(PRWEB) October 20, 2014 -- This research report, “Membranes Market, By Type of Material (Polymeric, Non-polymeric & Others), By Technology (Microfiltration, Reverse osmosis, Ultrafiltration, Gas separation, Dialysis, Nanofiltration, Pervaporation & Others), By Application (Water & wastewater treatment, Pharmaceutical & medical uses, Food & beverage processing, Chemical processing, Industrial gas processing & Others) & By Region – Global Trends & Forecast to 2019” defines and segments the global membranes market with an analysis and forecast by value.
Browse 122 market tables and 113 figures spread through 363 slides and in-depth TOC on "Membranes Market by Type of Material, by Technology (MF, RO, UF, Gas Separation, Dialysis, NF), by Application (Water & Wastewater Treatment, Pharmaceutical & Medical Uses, Food & Beverages, Chemical Processing, Industrial Gas Processing) & by Region - Global Trends & Forecasts to 2019".
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“Asia-Pacific and North America are the key markets for Membranes”
The global membranes market is dominated by Asia-Pacific and North America accounting for majority of the market in 2013. Within North America, U.S. will remain the largest consumer of membranes and this market is driven by water & wastewater treatment, pharmaceuticals & medical uses, food & beverages, and chemical processing sectors. Country wise, China is the top most consumers of membranes globally and is also growing at a higher CAGR than the global average till 2019. China and Australia have enormous potential and are the fastest growing markets for membranes in the Asia-Pacific as well as globally.
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The market players are concentrating on increasing their production capacities, with expectation of a surge in the membrane materials demand from industrial gas processing, pharmaceuticals & medical uses, water & wastewater treatment, food & beverages, chemical processing, and other sectors; especially, from Asia-Pacific and the Middle East & Africa. The companies are focusing their investments to set up new facilities, mainly in Asia-Pacific and the Middle East & Africa, and increasing their global presence through acquisition of the local players to address the growing demand in the emerging markets.
The U.S. and European countries are leading in research and development of high performance membranes products to be used in pharmaceuticals & medical uses, and industrial gas processing sectors. Member countries of EU; Germany, France, Italy, U.K., Spain, and Russia are the key markets in the European membranes market and constitute majority of the market size. The water & wastewater treatment sector in the Middle East and Africa (MEA) region will continue to be supported by demand for fresh water through desalination in Saudi Arabia, Qatar, and U.A.E., thus driving the membrane market in these regions.
Scope of the Report:
• On the basis of Type of Material: polymeric, non-polymeric or other type
• On the basis of Technology: MF, NF, RO, UF, gas separation, pervaporation, dialysis, and others
• On the basis of Application: water & wastewater treatment, pharmaceutical & medical uses, food & beverages, chemical processing, industrial gas processing, and others
• On the basis of Geography: North America, Asia-Pacific, Latin America, Europe and the Middle East & Africa, and for key countries within these regions.
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“Water & wastewater treatment, Pharmaceutical & medical uses and Food & beverage processing are the topmost segments by value in the membranes market”
The water & wastewater treatment and pharmaceuticals & medical uses were the top segments in the membrane materials market with 62% share by value in 2013. Maximum growth is expected from industrial gas processing and pharmaceuticals & medical uses in the near future. Membrane filtration can be used to concentrate spent materials for disposal or recycling. The technologies of reverse osmosis, ultrafiltration, and microfiltration have been used to concentrate and purify both small and large molecules in the pharmaceutical industry.
The water treatment, food & beverage processing, & pharmaceutical industries are growing fast worldwide and manufacturers are seeking increasingly efficient processes. The membranes are a reliable, cost effective, and energy saving alternative in most processes and would grow in demand in these applications areas. The demand for membranes will increase in future with the growth of the emerging economies, further strengthening the market.
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http://www.marketsandmarkets.com/Market-Reports/geomembranes-market-133281673.html
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