“Membranes Market by Material (Polymeric, Ceramic), Technology (RO, MF, UF, NF), Application (Water & Wastewater Treatment, Industrial Processing), and Region (North America, Europe, APAC, Middle East & Africa, South America) – Global Forecast to 2027,” the membranes market is expected to reach USD 10.1 billion by 2027, up from USD 6.4 billion in 2022, with a CAGR of 9.7%.
The global membranes market is being driven by an increase in demand for membranes in water and wastewater treatment, as well as numerous industrial processes. Stringent environmental and wastewater treatment laws also help to drive the membranes industry forward. Furthermore, water desalination and developing water shortages are likely to generate growth possibilities for membrane producers, particularly in Asia Pacific, the Middle East, and Africa.
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• 202 Market data Tables
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• 216 Pages and in-depth TOC on “Membranes Market – Global Forecast to 2027″
Some of the prominent key players are:
· DuPont (US)
· Suez Water Technologies & Solutions (France)
· Mann+Hummel (Germany)
· Hydranautics (US)
· LG Chem Ltd. (South Korea)
Driver: Stringent wastewater regulations
The regulations imposed by governments of several countries including US, Canada, China, and European Union are providing opportunities for the growth of the membranes market. The regulatory and sustainability mandates have increased the demand for wastewater treatment. For instance, US Environmental Protection Agency (EPA) has implemented stringent rules and regulations to counter the release of toxic effluents into water bodies. US EPA’s Clean Water Act controls water pollution by regulating the sources that are responsible for discharging contaminants into the water.
The Drinking Water Directive of the European Union regulates the quality of drinkable water. It establishes purity criteria for the community’s drinking water. Rising awareness of improved drinking water quality, combined with these restrictions, will enhance membrane demand.