[March 20, 2017] |
 |
Global Membrane Market - Drivers and Forecast From Technavio
Technavio
analysts forecast the global
membrane market to grow to USD 32.85 billion by 2021, at
a CAGR of more than 9% over the forecast period, according to their
latest report.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170320005591/en/
Technavio has published a new report on the global membrane market from 2017-2021. (Graphic: Business Wire)
The research study by Technavio on the global
membrane market for 2017-2021 provides a detailed industry
analysis based on application (wastewater treatment, food and beverage,
and pharmaceutical and medical, chemical, and industrial gas
processing), technology (microfiltration, reverse osmosis, ultrafiltration,
and pervaporation), and geography (APAC, North America, Europe, and ROW).
|
A membrane is a type of selective barrier that is used to
separate or concentrate a given feed stream. Wastewater treatment is
the key application segment of the global membrane market,
generating over 53% of the overall revenue (2016 figures). Membranes
are mainly employed for the preparation of process water,
elimination of microorganisms, water softening and desalination in
wastewater treatment.
|
Request a sample report: http://www.technavio.com/request-a-sample?report=57096
Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Technavio analysts highlight the following three factors that are
contributing to the growth of the global membrane market:
-
Increasing incidence of diabetes
-
Advantages of membrane technology in pharmaceutical and medical
industries
-
Growing acceptance of wastewater management
Increasing incidence of diabetes
"Membranes are extensively used in pharmaceutical and healthcare
sector in hemodialysis equipment. The global medical
membranes market is expected to be worth USD 7 billion
by 2021, thereby driving the growth of the membranes market," says
Mahitha Mallishetty, a lead analyst at Technavio for plastics,
polymers, and elastomers research.
The rising prevalence of obesity and growing populations of individuals
aged above 45 is leading to a high number of people with diabetes. These
patients create a high demand for membranes to cater to their periodic
hemodialytic treatment needs.
Advantages of membrane technology in pharmaceutical and medical
industries
Membranes are widely used for sterilization of pharmaceutical and
medical devices and products. The key advantages of adopting membrane
technology in the pharmaceutical and medical industries include
their selective permeability and the ability to operate at room
temperature and generate products with high sterility. Membranes can
also provide a high degree automation for cleansing wastewater using
minimal resources, making it extremely environment-friendly. These
factors increase the demand for membranes in different industries and
applications.
Growing acceptance of wastewater management
"The necessity for safe, usable water has created the demand for
water recycling, which has led to an increase in demand for membranes in
the desalination and wastewater management industries. Also, rising
awareness regarding health and safety and stringent environmental
regulations are further boosting the adoption of membranes," says
Mahitha.
The increase in economic development and rapid urbanization in emerging
countries has increased the need for efficient water management systems.
Additionally, the growing demand for wastewater recycling and the need
for compliance with environmental regulations in various industrial
sectors are driving the demand for membranes.
Browse Related Reports:
Become a Technavio
Insights member and access all three of these reports for a
fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they're published in
addition to all 6,000+ existing reports covering segments like agrochemicals
and fertilizers, glass
and ceramics, and textile,
fiber, and composites. This subscription nets you thousands
in savings, while staying connected to Technavio's constant transforming
research library, helping you make informed business decisions more
efficiently.
About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.
If you are interested in more information, please contact our media team
at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170320005591/en/
[ Back To TMCnet.com's Homepage ]
|