Membrane Separation Market
Scarcity of pure water resources is augmenting the opportunities for the use of membranes in the purification of brackish water. Rapid rise in population and steady expansion of industries has fuelled the water demand. This in turn has increased the requirement for membranes for water & wastewater treatment applications.
Market Dynamics
The global membrane separation market has witnessed significant growth in recent past years, owing to the rising depletion of water resources and increasing contamination of surface water bodies and ground in developing regions. Furthermore, growing investments in research & development in membrane separation production technology have led to the introduction of products with enhanced flow rates and better durability. This scenario is expected to provide lucrative growth to the global membrane separation market over the forecast period.
Major players in the global membrane separation market are increasing their investment in innovative product launchings, research & development, and marketing & promotional activities to capitalize on emerging trends in various end-use applications such as municipality, mining, and wastewater treatment. This scenario is expected to fuel the market during the forecast period.
The nanofiltration segment is projected to grow at a significant rate over the forecast period on account of its growing utilization for producing Ultrapure Water (UPW) in the semiconductor and pharmaceutical industries. In addition, the growing preference for nanofiltration in the dairy, chemical processing, and textile sectors is expected to further propel segment growth. Nanofiltration technology removes most of the organic contaminants from water and wastewater. They are used in the recovery of spent acids and caustic solutions from industrial effluents. Furthermore, it can be used for the elimination of dyes and colorants from the wastewater generated by textiles and leather processing industries.
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Detailed Segmentation:
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