Membrane Separation Technology Market Vendor Landscape & Company Overview Till 2024 “The global membrane separation technology market is expected to grow at a CAGR of 10% from 2016 to 2024. This technology is widely used in wastewater treatment. Deprivation of water quality and Lack of clean drinking water is expected to adversely affect economic and social landscape globally in particular the emerging economies.� The global Membrane Separation Technology Market is expected to grow at a CAGR of 10% from 2016 to 2024. This technology is widely used in wastewater treatment. Deprivation of water quality and Lack of clean drinking water is expected to adversely affect economic and social landscape globally in particular the emerging economies. It has been estimated that around 4 million deaths around the world occur due to inadequate water resource. Membrane separation is considered are one of the most significant methods used for purification of water. Changing from chemical based treatments to efficient treatments of water is expected to be a major driver since chemicals are perceived as environmental degradation processes associated with high disposal costs. The technology involves separation of materials via minute gaps or pores in the molecular arrangement without including any harmful chemicals. Major processes used for treatment of water include Nano filtration, microfiltration, reverse osmosis and ultrafiltration Implementation of stringent environmental regulations and norms is expected to drive the market growth and thereby increasing the demand for the technology among various industry sectors. Mandatory regulations of environmental standards and government initiatives including Clean Water Act particularly in rural areas with water inadequacy have inclined the demand for water treatment technology, including membrane separation. Growing population and global industrial expansion are boosting the demand for efficient water treatment technology, providing better growth opportunities for the global market. In addition, petroleum and oil industry in countries including Germany, Italy and gulf are expected to drive the global market which involves the use of membrane separation technique for liquid separation.
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