Global Membrane Separation Market to Reach US$39.2 Billion by 2019: Transparency Market Research
By Business Wire News
By Business Wire News
The global membrane separation market is estimated to grow at a CAGR of 10.8% from 2013 to 2019. At the end of 2013, the market was estimated to be worth US$21.2 billion and analysts predict that the market’s overall worth by end of 2019 will be US$39.2 billion.
Transparency Market Research has released a report titled “Membrane Separation Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019”.The report is available for sale on the company website.
The report elaborately discusses the segments of the global membrane separation market according to products: reverse osmosis, microfiltration, nanofiltration, and ultrafiltration. Currently, the microfiltration segment holds a little over 35% of the market share. According to end users, water and wastewater holds nearly 36% of the global membrane separation market share.
The largest regional water membrane market in 2012 was Europe and was worth US$7.9 billion in 2013. It is expected to grow at a CAGR of 9.6% till 2019 to reach a total value of US$13.8 billion.
The top companies discussed in the report include Nitto Denko Corporation, GEA Filtration, The Dow Chemical Company, Degremont SA, 3M Company, Merck Millipore, Pall Corporation, and Evoqua Water Technologies.
According to the report, the global membrane separation market has benefited largely due to the Clean Water Act that was created in order to achieve sustainable environmental standards. “Membrane separation is globally one of the most commonly used processes to attain clean water, due to which the market is poised to grow faster over the coming year,” says a TMR analyst.
Other drivers for the global membrane separation market are growing global population, high rates of industrialization that requires larger reserves of clean water, and advancements in technology.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.