PUNE, India, October 14, 2016 /PRNewswire/ --
The report "Non-woven Fabrics Market Industrial Membranes by Module Type (Spiral-wound, Hollow Fiber, Tubular, and Plate & Frame), Application (Water & Wastewater Treatment, Food & Beverage, Pharmaceutical & Medical, and Chemical), and Region - Forecast to 2021", published by MarketsandMarkets, the market is projected to grow from USD 608.9 Million in 2016 to USD 959.5 Million by 2021, at a CAGR of 9.52%.
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This growth is due to the increase in construction activities, globally. Government regulations regarding water & wastewater treatment also provide an opportunity for this market to grow further, especially in emerging regions such as Asia-Pacific, the Middle East, and Latin America.
The spiral-wound segment is projected to grow at the highest CAGR during the forecast period.
The spiral-wound segment is projected to be the fastest-growing from 2016 to 2021. This growth is attributed to the cost-effectiveness of the spiral-wound membrane module, which is expected to drive the demand for non-woven fabrics industrial membranes in the near future.
The water & wastewater treatment segment to account for the largest share in the non-woven fabrics market industrial membrane
The water & wastewater treatment segment accounted for the largest market share in 2015, owing to stringent government regulations for water quality that led to an increased consumption of non-woven fabrics industrial membranes in industrial water & wastewater treatment plants. Industrial membranes in water & wastewater treatment plants are used for microbe removal, desalination of sea water, sewage treatment, and treatment of wastewater from different industries.
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The Asia-Pacific region to play a key role in the growth of the market for non-woven fabrics industrial membranes
On the basis of key regions, the Non-Woven Fabrics Market - industrial membranes is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region is a key non-woven fabrics market-industrial membranes. Rise in economy and rapid growth in the medical and infrastructural sectors in this region have significantly impacted the growth of this market. Increase in concerns over water quality will also contribute to the growth of the market.
Following are the key players in the non-woven fabrics market-industrial membranes:
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