Growing need for reducing the capital costs of Zero Liquid Discharge (ZLD) systems clubbed with long term durability, life and strict government policies related to liquid discharge to drive global tubular membrane market during the forecast period
According to TechSci Research report, “Global Tubular Membrane Market By Product Type, By Application, By End-Users, By Region, Competition, Forecast & Opportunities, 2025”, the global tubular membrane market is forecast to grow from an estimated USD 1.57 billion in 2020 to USD 2.24 billion by 2025. The global tubular membrane market is driven by rising implementation for the discharge of wastewater generated by various industries. Further, increasing adoption of tubular membrane related to zero liquid discharge (ZLD) systems is one of the major factors accounting for the growth of global tubular membrane market. Moreover, surging demand from chemicals & petrochemicals industry is further expected to bode well for the growth of global tubular membrane market through the forecast period. In addition to this, more and more applications of the tubular membrane in chemical pretreatments is anticipated to positively influence the growth of global tubular membrane market in the years to come. Also, growing efficiency of tubular membranes is making headway for the growth of global tubular membrane market across the globe. Along with this, continuous ongoing rapid advancements in the market are positively contributing to the market growth. Furthermore, wastes containing dyes & pigments from processes like cooling tower blowdown, etc., have increased, thus the demand for the tubular membrane is expected to grow, which is anticipated to bolster the growth of market during the next five years. However, there are some factors such as high cost of the tubular membrane modules and concerns related to the long service life of the membranes that might act as major impediments to the growth of global tubular membrane market through 2025.
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Global tubular membrane market can be segmented based on product type, application, end users, company and region. Considering the end users, the market is fragmented into chemicals & petrochemicals, food & beverage, energy & power, electrophoretic coating, leather, pharmaceuticals, textiles and others. The chemicals & petrochemicals segment dominated the global tubular membrane market in terms of largest market share until 2019 and is further anticipated to hold its dominance during the forecast years as well, which can be accredited to rising demand from the petrochemical sector clubbed with organic and inorganic chemicals units. In addition to this, stringent government rules regarding processing of wastewater generated from all plant production units such as cooling towers, boilers, flue gas desulfurization, etc., have increased the consumption of tubular membranes in chemicals & petrochemical plants, which is anticipated to boost the growth of this segment over the coming years. Also, the market for the textiles & leather segment is anticipated to register highest CAGR until 2025 due to stringent regulations pertaining to wastewater discharge from these units.
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Pentair Plc, Koch Membrane System, Inc., Berghof Membrane Technology GmbH, PCI Membranes, Dynatec Systems Inc., Spintek Filtration Inc., Duraflow LLC, Hyflux Limited, Microdyn-Nadir GmbH, and Lenntech Water Treatment Solutions are the leading players operating in the global tubular membrane market. The players are adopting several growth strategies to enhance the market scenario of tubular membrane. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diversify their product portfolio in order to strengthen their market position.
“Asia Pacific is anticipated to dominate the global tubular membrane market over the next five years on account of presence of many key product manufacturers in the region. Additionally, Asia-Pacific is also anticipated to register highest growth over the coming years, which can be attributed to the fact that the region dominates others in terms of overall installed capacity of chemicals & petrochemicals units along with coal power plants present in China and India.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Tubular Membrane Market By Product Type, By Application, By End-Users, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global tubular membrane market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global tubular membrane market.
Source : TechSci Research
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