The latest research from Research and Markets finds that global membrane separation technology market is projected to reach USD 28.10 billion by 2022, at a CAGR of 7.2 percent.
The scarcity of pure water has provided opportunities for membrane separation technology for brackish water purification, and increasing purity standards. Stringent environmental regulations too are leading to an increased demand for water and wastewater treatment, which is further expected to drive the membrane separation technology market. The major restraint in the membrane separation technology market is the high requirement of capital investment which makes it difficult for new players to enter the market.
The report finds that Nanofiltration (NF) technology is the fastest-growing technology segment in the membrane separation technology market, owing to increasing usage to separate trace amounts of salts and other dissolved solutes from already treated water to produce ultrapure water for the electronics industry. These properties make it suitable for a wide range of applications such as water & waste water treatment, medical & pharmaceutical, industrial processing, and food & beverages.