Tubular Membranes Market likely to reach beyond 666.3 Million USD by 2023 at a CAGR of 8.0%


Posted April 10, 2019 by armaan007

Tubular Membranes Market in Zero Liquid Discharge (ZLD) systems was valued at USD 666.3 million in 2017 and is projected to reach USD 1,056.2 million by 2023

 
The tubular membranes market in Zero Liquid Discharge (ZLD) systems is projected to reach USD 1,056.2 million by 2023, at a CAGR of 8.0% from 2018 to 2023. Growing emphasis on reducing the capital and operating costs of ZLD systems with the use of membranes which result in the reduction of the load on thermal separation systems, and increasing regulations on wastewater discharge from various industries across the world are expected to drive the demand for tubular membranes in ZLD systems. The tubular membranes market in ZLD systems has been segmented based on application, end-use industry, and region. The market by application has been segmented into membrane bioreactor, reverse osmosis, and others. The market by end-use industry has been segmented into energy & power, chemicals & petrochemicals, pharmaceuticals, leather, textiles, and others. Tubular membranes are widely preferred over other membrane types due to their modular designs and flow rates. Moreover, tubular membranes are suitable for most applications of Zero Liquid Discharge Systems (ZLD).

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By end-use industry, the energy & power segment is estimated to account for the largest share of the Tubular Membranes Market in ZLD Systems in 2018 and is projected to lead the market by 2023. Energy & power, which consist of thermal power plants, such as coal are leading to the increasing installations of ZLD systems that are expected to drive the demand for tubular membranes during the forecast period. China and India are the major users of the coal power and are thus expected to drive the demand from this segment. Chemicals & petrochemicals, pharmaceuticals, textiles, and leather are some of the other major end-use industries of tubular membranes in ZLD systems.

North America is projected to account for the largest share of the Tubular Membranes Market in ZLD Systems by 2023, followed by Europe and Asia Pacific. US and Canada are among the major markets in North America due to increasing regulations on end-use industries towards wastewater discharge, resulting in the demand for ZLD systems and ultimately tubular membranes. Increasing demand from the energy & power and chemicals & petrochemicals industries are expected to drive demand in this region.

Major market players covered in this report include Porex Corporation (US), Berghof Membranes (Netherlands), Microdyn-Nadir (Germany), Pentair plc (US), PCI Membranes (UK), Dynatec Systems, Inc. (US), Hyflux Ltd. (Singapore), Spintek Filtration Inc. (US), and others.

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Issued By Markets And Markets
Country India
Categories Energy , Industry , Textile
Tags tubular membranes , tubular membranes companies , tubular membranes industry , tubular membranes manufacturers , tubular membranes market
Last Updated April 10, 2019