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CHEMICALS AND ADVANCED MATERIALS

Filter Membrane Market : Global Demand Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Filter Membrane Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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 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. CLICK TO DOWNLOAD FREE SAMPLE

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

The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

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.

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.

 


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