Implementation of more stringent quality regulations for water streams in both developed and developing markets will drive growth
Cleveland, OH /PRNewswire/ - Demand for membranes in the water treatment market is forecast to advance 5.8% per year to $8.3 billion in 2023. Growth will be driven in part by the implementation of more stringent quality regulations for water streams in both developed and developing markets. Gains will also be spurred by the extension of water treatment operations into areas without access to clean water. The increased use of high-value treatment operations such as membranes is aided by the fact that many of these areas are burdened with limited fresh water supplies or poor quality water. These and other trends are presented in Global Membrane Separation Technologies, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/global-membrane-separation-technologies-3718.htm
Global demand for membranes in all markets (water treatment, wastewater treatment, food and beverage processing, pharmaceutical, medical and other markets) is expected to rise 6.5% per year to $31.7 billion in 2023. Rising demand for membranes in a variety of markets will be driven in part by increasingly strict environmental regulations, particularly regarding water treatment and wastewater streams.
Advances will also be supported by:
Global Membrane Separation Technologies (published 03/2019, 307 pages) is available for $6300 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/World-Membrane-Separation-Technologies.html
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Industrial Component studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
SOURCE: The Freedonia GroupCopyright 2019 PR Newswire. All Rights Reserved