DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4bfnsk/membranes_market) has announced the addition of the "Membranes Market - Global Forecast to 2020" report to their offering.
The global membranes market is projected to reach USD 32.14 Billion by 2020 from USD 18.68 Billion in 2014, witnessing a CAGR of 9.47% between 2015 and 2020. With recent developments in membrane materials and increasing demand for reduction of energy consumption in the chemical processing industry, newer membranes and processes are being developed for new applications.
Membrane technologies have witnessed a significant growth and increase in the number of applications in the last two decades. Membrane systems are now available in several different forms and sizes, each uniquely fitting a particular need and application. The application of membranes in building & construction segment, military & sports apparels, pulp & paper sector, and so on are also expected to drive the growth for membranes market between 2015 and 2020. The membranes used as separators in batteries are expected to induce the demand for liquid and ion-exchange membranes in the near future, leading to its highest growth rate of 12.05% between 2015 and 2020.
The key challenge for the market is to overcome the problems associated with the lifespan of membranes. Lifespan of membranes depends upon the contaminant level, maintenance program followed, and the amount of separation done using membranes. The global membranes market by type of material, technology, and application has witnessed a significant growth in the past few years and this growth is estimated to persist in the coming years. Industrial gas processing and pharmaceutical & medical sectors, along with other new applications, are likely to drive the future growth in the industry.
The Asia-Pacific region dominated the membranes market in 2014 and accounted for 37.21% of the global market. This region dominates the membranes market due to the extensive usage of membranes in pharmaceutical & medical use, water & wastewater treatment, and chemical processing sectors. The Asia-Pacific region is projected to grow at the highest CAGR of 12.20% between 2015 and 2020. The market for the MEA region is projected to witness the second-highest CAGR of 10.40% between 2015 and 2020 owing to the increasing demand for water treatment plants in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Membranes Market, By Type
8 Membranes Market, By Technology
9 Membranes Market, By Application
10 Membranes Market, By Region
11 Competitive Landscape
12 Company Profiles
- 3M Company
- Asahi Kasei Corporation
- E. I. Dupont De Nemours And Company
- GE Water & Process Technologies
- Hyflux Ltd.
- Koch Membrane Systems, Inc.
- LG Water Solutions
- Merck Millipore Corporation
- Polypore International, Inc.
- Solvay S.A.
- The Dow Chemical Company
- Toray Industries, Inc.
For more information visit http://www.researchandmarkets.com/research/4bfnsk/membranes_market