Membranes Market- How to Leverage on Food & Beverages Industry During COVID-19 Crisis?
The global membranes
market is anticipated to be affected by
their increasing usage in pharmaceutical and biomedical industry. They help in
lowering the concentration of effluent stream, as well as in recovering
significant substrate or intermediate. This information is given by Fortune
Business Insights™ in a recently published report, titled, “Membranes
Market Size, Share & Industry Analysis, By Technology (RO/FO, UF, NF, MF,
and Others), By Applications (Water & wastewater treatment, Food &
beverage, Gas separation and Others) and Regional Forecast, 2019-2027.” The
report further mentions that the membranes market size was USD 6,899.65
million in 2019 and is projected to reach USD 10,021.47
million by 2027, thereby exhibiting a CAGR of 5.74% during the
forecast period.
Browse Summary of this Research Report with Detailed Table of Content:
https://www.fortunebusinessinsights.com/membranes-market-102982
COVID-19 Impact Analysis:
The recent coronavirus outbreak has had
an adverse impact on majority of the businesses across the world. Accounting to
the strict measures taken by governments of major countries, it has become
increasingly difficult to carry out business operations. The report will
include the impact of the Covid-19 pandemic on the global. It will also include
the strategies that major companies are adopting to overcome the downfalls
during this pandemic.
We are making continuous efforts to
help your business sustain and grow during COVID-19 pandemics. Based on our
experience and expertise, we will offer you an impact analysis of coronavirus
outbreak across industries to help you prepare for the future.
Drivers & Restraints-
Rising Environmental Concerns to
Accelerate Growth
Rapid industrialization and
urbanization, especially in the developing countries is resulting in water
pollution. Therefore, the strain on water resources is surging. The governments
and regulatory bodies of several countries are implementing stringent norms and
laws regarding industry discharge to control water pollution. The increasing
environmental concerns have thus, compelled large portion of the industries to
adopt membrane-based technology for curbing the level and severity of
pollutants in their discharge streams. They are presently trying to comply with
the regulations. Membranes play a vital role in providing zero liquid discharge
(ZLD). It is helping the industries in lowering the environmental impact.
However, fouled membrane can have harmful effects on its operations. This
factor may obstruct the membranes market growth during the forthcoming years.
Segment-
Water & Wastewater Treatment Segment to Grow Rapidly Backed by
Evolution of Technology
Based on application, the market is
divided into gas separation, food & beverage, water & wastewater
treatment, and others. Amongst these, the water & wastewater treatment
segment held 45.9% membranes market share in 2019. Membranes were mainly
developed owing to the sole purpose of water & wastewater treatment. Later,
as the technology evolved, they found their application in a wide range of
industries consisting of biomedical, pharmaceutical, and food & beverage.
The emergence of membrane purification technologies has proved to be promising
by meeting the urgent need for portable water.
Regional Analysis-
Various Planned Desalination Projects
in India & China to Favor Growth in Asia Pacific
Geographically, Asia Pacific procured
USD 2,382.47 million in 2019 in terms of revenue. This growth is attributable
to the major contributions of countries, such as Australia, India, Japan, and
China. Japan is considered to be one of the largest producers of membranes
globally. Several planned desalination projects in India and China are set to
boost the growth of the market in this region. Chennai in India, for instance,
houses two desalination plants. Each has a capacity of 100 million litres per
day (MLD). The third plant is set to begin operations in 2021. Europe is in the
second position owing to the contributions of Italy, Spain, France, and
Germany.
Read More About Press Release:
https://www.fortunebusinessinsights.com/press-release/north-america-fats-and-oils-market-9163
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