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DUBLIN, Aug. 31, 2022 /PRNewswire/ — The “Global Membrane Separation Technology Market Size, Share & Trends Analysis Report by Technology (Microfiltration, Ultrafiltration, Nanofiltration, Reverse Osmosis), by Application, by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The global membrane separation technology market size is expected to reach USD 62.4 billion by 2030. The market is expected to expand at a CAGR of 12.2% from 2022 to 2030. This growth can be attributed to the rising adoption of membrane separation technology in the dairy processing and beverages industry.
The market is likely to witness growth owing to the growing demand for water treatment processes across the world. One of the major reasons for the rise in demand for water treatment is the scarcity of quality drinking water. The growing population has accelerated the depletion of water resources coupled with the contamination of ground and surface water bodies, which has encouraged the adoption of water treatment processes.
The growth of membrane separation technology is also influenced by several regulatory and technology trends, which play a critical role in driving the market. In addition, stringent environmental regulations governing wastewater discharge are presumed to positively impact the growth of membrane separation technology over the forecast period . The ultrafiltration technology segment is estimated to grow at highest rate over the forecast period. It is a single-membrane filtration process that serves as an effective …
Full story available on Benzinga.com
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