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Filter Membrane Market : Global Demand Analysis & Opportunity Outlook 2021

Published On : 11:29 PM, 25th April, 2018 REP-ID-74 Category: Miscellaneous

Filter membranes are special kind of materials that allows certain constituents to pass through them and restricts or blocks the flow of others. Membranes are primarily used as filtering agents in industrial and commercial applications. Some of the advantages offered by membranes include porosity, durability, stability, selectivity and permeability.

The global Filter membrane market is anticipated to witness a substantial compound annual growth rate (CAGR) of 9.6% from 2015 to reach USD 33.0 Billion by the end of 2021. Regionally, the global membrane market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World (Row). 

Market Segmentation

By Type

  • Polymeric Membrane
  • Ceramic Membrane
  • Other Membrane

By Technology

  • Microfiltration
  • Ultrafiltration
  • Nanofiltration
  • Reverse Osmosis

By Application

  • Wastewater treatment
  • food & beverages
  • Chemical Processing
  • Industrial gas processing
  • Pharmaceuticals and medical uses

Growth Drivers and challenges

Rising demand of treated water in various industrial applications coupled with increasing application of membranes in sewage and ground water treatment is likely to spark the growth of global Filter membrane market over the forecast period i.e. 2015-2021.

In addition to that increasing government regulations to recycling and reuse of waste water is also envisioned to bolster the Filter Membrane market over next 4-5 years.

However, high cost of usage and timely replacement and expensive support services etc. are anticipated to restrain development of the global Filter membrane market in future.

Market Size and Forecast

With approximately 37.4% share, Asia-Pacific dominated the global Filter membrane market in 2015. The region is also anticipated to witness the highest CAGR during 2015-2021. Asia-Pacific membrane market is sparked by increasing industrialization and rapidly expanding population in countries such as India and China.

North America membrane market is likely to witness a modest CAGR of 7.3% over the forecast period of 2015-2021. With 87.2% share in 2015, the U.S. held the largest Filter membrane market in North America.

Europe is believed to be the most mature membrane market across the globe. The market in the region is anticipated to behold a CAGR of 6.4% from 2015-2021. With 36.6% share in 2015, Germany and France held the largest membrane market in Europe.

Key Players

Global Filter membrane market includes some of the top players such as DOW Chemical Company, Hyflux Ltd, LG Water Solutions, Toray Industries, Inc., GE Water & Process Technologies, Koch Membrane Systems, Inc., etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Middle East and North Africa (MENA)
  • Rest of World

Segmentation

  • By Type
  • By Technology
  • Application
  • By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

              Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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