DUBLIN--(BUSINESS WIRE )--The "Membrane Separation Technologies - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Membrane Separation Technologies Market to Reach US$30.9 Billion by the Year 2026
Growth in the global market is set to be fueled by incessant growing demand for high quality products, stringent regulations, environmental concerns and exhausting natural resources across the world. The enactment of new laws and policies for ensuring the availability of clean drinking water for its citizens is expected to increase the demand for wastewater and water treatment processes across the globe, thus opening up new growth opportunities for membrane separation systems.
Membrane separation is considered an ideal solution for industries looking for methods of reducing water footprint and reusing wastewater. This process is anticipated to provide the necessary support for accelerating the demand for membrane separation systems in the coming years. Growth in the market would also be propelled by factors such as increasing regulations pertaining to safety of food and beverages and rising waste stream disposal concerns.
Amid the COVID-19 crisis, the global market for Membrane Separation Technologies estimated at US$22 Billion in the year 2022, is projected to reach a revised size of US$30.9 Billion by 2026, growing at a CAGR of 8.3% over the analysis period.
The U.S. Market is Estimated at $2.9 Billion in 2022, While China is Forecast to Reach $7 Billion by 2026
The Membrane Separation Technologies market in the U.S. is estimated at US$2.9 Billion in the year 2022. The country currently accounts for a 13.39% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$7 Billion in the year 2026 trailing a CAGR of 10.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 6.9% respectively over the analysis period.
For more information about this report visit https://www.researchandmarkets.com/r/mmmwkn
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900