Membrane Market to Grow at 8% in US, Finds TechSci Research
NEW YORK, June 28, 2016 /PRNewswire/ --
Water & Waste Water Treatment to Continue its Dominance as Largest Demand Generator for Membranes in the United States
According to recently published TechSci Research report "United States Membranes Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021", the market for membrane is projected to grow at a CAGR of 8% during 2016-2021 in the country. Membranes are used for filtration purpose in water & waste water treatment, haemodialysis, pharmaceutical, chemicals, and food & beverage industries. Membranes are classified into three major categories - Microfiltration, Reverse Osmosis and Ultrafiltration on the basis of pore size. In 2015, microfiltration accounted for the largest revenue share in the United States membrane market. Microfiltration and Reverse Osmosis are majorly used in water & waste water treatment industry, whereas ultrafiltration membrane find major application in hemodialysis equipment manufacturing market. Major global players operating in the United States membranes market include Dow, GE, Danaher, Hydranautics and EMD Millipore.
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Browse 24 market data Tables and 47 Figures spread through 115 Pages and an in-depth TOC on "United States Membranes Market"
The report reveals that the demand for membranes is surging on account of increasing government expenditure on installation of water & waste treatment plants, to provide clean water to general public. Growing need for cost efficient and effective separation technology, especially chemicals, pharmaceutical and hemodialysis, is expected to boost demand for membranes in the United States over the next five years. Moreover, the United States municipal waste water treatment market stood at US$ 7.9 billion in 2015, and is expected to reach USD8.4 billion by 2017, thus expected to escalate demand for membranes in the country over the next five years. United States and Canada accounted for 36.90% share in global hemodialysis market in 2015.
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"Growth in demand for reverse osmosis membranes is expected to increase at the fastest pace during 2016-2021, due to increasing adoption of reverse osmosis based filtration technology by various application industries. Small pore size of reverse osmosis membranes ensures high quality filtration, on account of which they are being increasingly used in food & beverage as well as chemical industry. Installation of reverse osmosis membranes in water & waste water treatment has also been witnessing robust growth over the last five years, and the trend is expected to continue over the next five years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"United States Membranes Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of United States membrane market and provides statistics and information on market structure, industry behavior and trends. The report includes membrane market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities existing in United States membrane market.
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