Tubular Membrane Market to Witness Robust Growth Rate until 2025
According
to TechSci Research report, “Global
Tubular
Membrane Market By Product Type (Metal Organic Type and
Inorganic Type), By Application (Membrane Bioreactors, Reverse Osmosis,
Nano Filtration, Micro Filtration, Others), By (End-Users (Chemicals &
Petrochemicals, Food & Beverage, Energy & Power, Electrophoretic
Coating, Leather, Pharmaceuticals, Textiles, Others), By Region, Forecast &
Opportunities, 2025”, global tubular membrane market is expected to
witness significant CAGR during the forecast period. Increasing adoption of
tubular membrane related to zero liquid discharge (ZLD) systems is one of the major factors accounting
for the growth of global tubular membrane market. Moreover, surging
demand from energy & power industry is further expected to bode well for
the growth of global tubular membrane market through the forecast period. In
addition to this, more and more applications of the tubular membrane in
chemical pretreatments is anticipated to positively influence the growth of
global tubular membrane market in the years to come. Also, growing efficiency
of tubular membranes is making headway for the growth of global tubular
membrane market across the globe. Along with this, continuous ongoing rapid
advancements in the market are positively contributing to the market growth. Furthermore,
wastes containing dyes & pigments from processes like cooling tower
blowdown, etc., have increased, thus the demand for the tubular membrane is
expected to grow, which is anticipated to bolster the growth of market during
the next five years. However, there are some factors such as high cost of the
tabular membrane modules and concerns related to the long service life of the
membranes that might act as major impediments to the growth of global tubular
membrane market through 2025.
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Global
tubular membrane market can be segmented based on product type, application, end
users, company and region. Considering the end users, the market is fragmented
into chemicals & petrochemicals, food & beverage, energy & power,
electrophoretic coating, leather, pharmaceuticals, textiles and others. The energy
& power segment dominated the global tubular membrane market in terms of
largest market share until 2019 and is further anticipated to hold its
dominance during the forecast years as well, which can be accredited to rising
demand from the thermal power sector predominantly coal power plants. In
addition to this, stringent government rules regarding processing of wastewater
generated from all plant production units such as cooling towers, boilers, flue
gas desulfurization, etc., have increased the consumption of tubular membranes
in power plants, which is anticipated to boost the growth of this segment over
the coming years. Also, the market for the textiles segment is anticipated to
register highest CAGR until 2025 due to stringent regulations pertaining to
wastewater discharge from textile plants.
Pentair Plc, Porex Corporation, Berghof
Membrane Technology GmbH, Plansee, PCI Membranes, Spintek Filtration Inc.,
Duraflow LLC, Dynatec Systems Inc, Hyflux Ltd, Koch Membrane Systems, Inc.,
Microdyn-Nadir GmbH, Lenntech B.V are among others are the leading
players operating in global tubular membrane market. The players are adopting several
growth strategies to enhance the market scenario of tubular membrane. Other
competitive strategies include product launches; mergers & acquisitions;
agreements, partnerships, and collaborations; and expansions to diverse their
product portfolio in order to strengthen their market position.
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“North America is anticipated to dominate the global tubular membrane market
during the next five years on account of presence of many key product
manufacturers in the region. Additionally, Asia-Pacific is also anticipated to
register highest growth over the coming years, which can be attributed to the
fact that the region dominates others in terms of overall installed capacity of
coal power plants present in China and India.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Tubular Membrane
Market By Product Type (Metal Organic Type and Inorganic Type), By Application
(Membrane Bioreactors, Reverse Osmosis, Nano Filtration, Micro Filtration,
Others), By (End-Users (Chemicals & Petrochemicals, Food & Beverage,
Energy & Power, Electrophoretic Coating, Leather, Pharmaceuticals,
Textiles, Others), By Region, Forecast & Opportunities, 2025” has evaluated the
future growth potential of global tubular membrane market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global tubular membrane market.Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]