Global Membranes Market Forecast to Grow at 9.47% CAGR to 2020

PUNE, India, October 13, 2015 /PRNewswire/ --

Worldwide membrane market was dominated by Asia-Pacific, accounting for 37.21% of the total market share in 2014 and APAC is again projected to grow at the highest CAGR between 2015 and 2020 according to this new research.

Complete report on membranes market spread across 236 pages, profiling 12 companies and supported with 120 tables and 58 figures is now available at http://www.rnrmarketresearch.com/membranes-market-by-type-of-material-by-technology-mf-ro-uf-gas-separation-dialysis-nf-by-application-water-wastewater-treatment-pharmaceutical-medical-uses-food-beverages-chemical-market-report.html .

The APAC membranes market growth has been attributed primarily to the fast growing water, industrial gas treatment, pharmaceutical, and food & beverage industries. Country wise, China was observed to be the largest consumer of membranes globally, and is also projected to grow at the second-highest CAGR in Asia-Pacific between 2015 and 2020. India and China have enormous potential and are projected to be the fastest-growing markets for membranes globally. North America accounted for the second-largest membranes market share of 27.08% in 2014. However, the market for North America is fairly mature, and hence, the market in this region is projected to grow at a moderate CAGR of 7.17% between 2015 and 2020. The U.S. accounted for the largest market share of 87.04% in North America in 2014, in terms of value. However, Canada is expected to drive the membranes market growth in North America as it is a relatively less explored market and the rapidly growing pharmaceutical, food & beverage, construction industries, and industrial gas processing application are directly driving the demand for membranes in the country.

The European countries are leading in research and development of high performance membranes products to be used in various applications. The European membranes market is the most mature regional market, globally and it is projected to witness a CAGR of 6.25% between 2015 and 2020. Germany and France were observed to be the largest market shareholders, together accounting for 36.41% of the total European membranes market in 2014. Russia is a relatively less explored market in Europe, and hence, is projected to drive the growth of the membranes market in the region.

The microfiltration, reverse osmosis, and ultrafiltration technologies together accounted for the majority membranes market share of 78.36% in 2014. Nanofiltration technology is projected to grow at the fastest CAGR between 2015 and 2020 and this growth is attributed to the rapidly growing application areas for nanofiltration and the superior level of performance as compared to certain other technologies. The market for microfiltration garnered a market size by value of USD 5,939.0 million in 2014 and is projected to grow at a CAGR of 8.06% from 2015 to reach a market size of USD 9,477.2 million by 2020.

Companies profiled in this 2015 membranes market research include E. I. Dupont De Nemours and Company, The DOW Chemical Company, Asahi Kasei Corporation, Hyflux Ltd., Merck Millipore Corporation, LG Water Solutions, Koch Membrane Systems, Inc., GE Water & Process Technologies, Toray Industries, Inc., Polypore International, Inc., Solvay S.A. and 3M Company. Order a copy of Membranes Market by Type (Polymeric membranes, Ceramic membranes, and others), by Technology (MF, RO, UF, Pervaporation, Gas Separation, Dialysis, NF, and Others), by Region (North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America), and by Application - Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=204520 .

On a related note, Global Membrane Market in the Food Industry 2015-2019 forecasts a 6.41% CAGR to 2019 for membrane market in food industry. The report includes the segmentation on the basis of technology, applications, and geography. Dow, GE Healthcare, GEA Filtration, OSMO Membrane Systems, Siemens, Applied Membrane Technology, Asahi Kasei, Ater-Tek, EMD Millipore, Graver Technologies, Koch Membrane Systems, Pall Corporation, Polypore International, Solvay, TAMI Industries and Veolia are companies mentioned in this 93 pages research available at http://www.rnrmarketresearch.com/global-membrane-market-in-the-food-industry-2015-2019-market-report.html .

Explore more reports on chemicals market at http://www.rnrmarketresearch.com/reports/materials-chemicals/chemicals .

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