APAC Rules Global Membranes Market, Says M&M in Its New Report Published at MarketPublishers.com02 May 2017 • by Natalie Aster
LONDON – Changes in the standards for drinking water and stringent environmental regulations are some of the major drivers of the global market for membranes.
This marketplace is set to showcase double-digit growth in the coming years, with its CAGR being over 10%. This market is forecast to almost hit the USD 12 billion mark by 2021.
This growth could be higher to a certain extent, but there are some factors that restrain it: e.g. high capital costs. Still, the demand for membranes is on the rise across emerging economies, thus creating favorable opportunities for the marketplace.
Ceramic membranes take the lead across all market segments. They boast high permeability, good mechanical properties, high porosity, and more.
All these qualities make them a good fit for an extensive range of application fields. APAC is the number one player in the membrane marketplace, and this region is unlikely to be dethroned by others.
The local market is expected to be the fastest growing one among other regions. Cheap labor, the rising interest of foreign investors, and high economic growth rate are some of top factors that ignite the growth in the region. Japan, China and India are leaders in the APAC marketplace in terms of production.
Dow Chemical Company, Danaher Corporation, Pentair, and Toray Industries are some of the largest membrane companies globally.
New research report “Membranes Market - Global Forecast to 2021” developed by M&M offers a comprehensive discussion of the global membrane marketplace. The study provides a complete overview of this space. It limelights driving forces, obstacles, challenges and opportunities of the market.
The report covers technologies, product types, applications and regional marketplaces in detail. The research study concentrates on top country markets, as well: it covers the U.S., the UAE, China, Qatar, and more.
It scrutinizes the competitive environment and focuses on top companies active in the marketplace. Future outlook is on hand in the research report, too.
More new studies by M&M can be found at its page.