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Home | Search Global IT News: IT News & Press Release Distribution: Membranes Market worth $8.3 billion by 2024   (IT-NEWSWIRE.COM, August 08, 2022 ) The report "Membranes Market by Material (Polymeric, Ceramic), Technology (RO, UF, MF, NF), Application (Water & Wastewater Treatment, Industrial Processing), Region (North America, APAC, Europe, MEA, South America) - Global Forecast to 2024", is projected to grow from USD 5.4 billion in 2019 to USD 8.3 billion by 2024, at a CAGR of 9.0%. Rapidly growing population, increasing industrialization and urbanization, detrimental effects of industrialization on water sources, and the environment are propelling the global membranes market. Additionally, the replacement of chemical treatment of water by physical treatment technologies such as RO, UF, and others is also boosting the demand for membranes. Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1176 The Polymeric material segment is projected to lead the membranes market during the forecast period. Based on material, the polymeric segment is a group of polymers that have better and more efficient mechanical properties to sustain for membrane filtration. Natural polymers include wool, rubber, and cellulose while synthetic polymers used in membrane production comprise polyamide, polysulfone, polyethersulfone, polymethylpentene, polystyrene, and polytetrafluoroethylene (PTFE). Polymeric membranes are cost-effective, provide good selectivity for a wide range of applications such as beverage processing, feed water production, chemical processing, and others, and are easy to process and operate. The high performance, excellent efficiency, and specific separation properties provided by polymeric membranes are responsible for the broad market size in this segment The NF technology segment is projected to register the highest CAGR during the forecast period. Based on technology, the NF segment is projected to register the highest CAGR between 2019 and 2024. The use of NF membranes is increasing due to their ability to permeate monovalent ions while rejecting divalent and multivalent ions. The flexibility for ion separation and permeation provided by these membranes offer significant advantages in industrial applications. Also, the use of these membranes for water treatment provides lower discharge volumes than RO, reduces heavy metal, salt, and nitrate contents. These membranes are also beneficial for whey protein concentration, juice concentration and other applications in the food & beverage and pharmaceutical industry. Excellent selectivity properties provided by NF membranes, increasing industrialization, and growing population are the major drivers for the NF membranes. Water & wastewater treatment is projected to lead the membranes market during the forecast period. Based on the application, the water & wastewater treatment segment is projected to capture the largest share in the membranes market. Membranes are used in water & wastewater treatment for desalination, sewage water treatment, and industrial water treatment. Accelerated urbanization, rapid industrialization, and expansion of municipal water facilities, globally are driving the membranes market in water & wastewater treatment applications. Also, variation in the water cycle dynamics, and stringent regulations to reduce water pollution, is even driving the membranes market. Don't miss out on business opportunities in Membranes Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1176 Browse in-depth TOC on "Membranes Market” 94 - Market Data Tables 37 - Figures 148 - Pages nd APAC is projected to register the highest CAGR between 2019 and 2024. The membranes market in APAC has immense growth potential driven by the increasing demand for physical treatment of water. APAC consists of some large and rapidly growing economies, such as China, India, Indonesia, Malaysia, Vietnam, and Thailand. Across these economies, local governments are reforming regulations in fields such as water treatment, drinking water supply, and wastewater discharge. The major drivers for the membranes sector in APAC are growing population, increasing demand for sanitation & freshwater, and rapid industrialization. DuPont (US), Toray (Japan), Hydranautics (US), Koch Separation Solutions (US), and Pentair (UK) are some of the leading players with a substantial market share. New product launch, agreement & collaboration, investment & expansion, and merger & acquisition were the major growth strategies adopted by the market players between 2017 and 2020 to enhance their regional presence and meet the growing demand for membranes in the emerging economies. Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1176 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. MarketsandMarkets™ Mr. Aashish Mehra 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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