DUBLIN (August 2, 2016) – Research and Markets has released the "United States Membrane Market By Type (Microfiltration, Reverse Osmosis, Ultrafiltration and Others), By Application (Water and Wastewater Treatment, Haemodialysis, Pharmaceutical, Chemical, etc.), Competition Forecast and Opportunities, 2011-2021" report, which states that the U.S. membrane market is projected to grow at a compound annual growth rate (CAGR) of 8 percent from 2016-2021. Increasing government investments for setting up water treatment plants in the U.S. is also expected to drive demand for membranes by water and wastewater treatment industry over the next five years. Membranes are microporous films made from single or composite polymers and used for the purpose of filtration. Based on pore size, membranes are broadly classified into three major categories: microfiltration, reverse osmosis and ultrafiltration. Other types of membranes that are popular in the US are pervaporation, nanofiltration and electrodialysis membranes. All these aforementioned categories of membranes are used in various application industries such as water and wastewater treatment, pharmaceutical, hemodialysis, chemical, and food and beverage. Microfiltration membranes account for the largest share in U.S. market in value terms, on account of their increasing application in various application industries. Because of their ability to provide high-purity water, demand for reverse osmosis membranes is expected to increase at a robust pace in the coming years. With water deficient conditions prevalent across various parts of the country, implementation of water conservation and water recycling strategies to reuse water has become a priority, which is augmenting demand for membranes in the country. Over the next five years, membrane use in medical applications such as hemodialysis and the pharmaceutical industry in the U.S. is also expected to grow at a rapid pace.
Tue, 08/02/2016 - 00:00