Published on : Dec 07, 2018
ALBANY, New York, Dec 07, 2018: A recent report by ResearchMoz.us, titled, “Global Market Study on Chemical Separation Membranes: Development of Membranes for Efficient CO2 Capture Driving Revenue Growth,” studies the market from every possible angle. To provide this information, the report provides key indicators coupled with chemical separation membranes for the global market. The report provides driver and restraints to give the complete image of the market and the way it is going to change future. Analyses of various prominent companies are also provided in the report. Segmentation and geographical analysis is also presented in the report.
The global chemical separation membrane market is segmented on the basis of application, membrane type, and end use industry. In terms of application, the market is divided into pervaporation, membrane liquid extraction, membrane distillation, gas/liquid separation, gas/gas separation, gas/liquid contacting, and zero liquid discharge
Globally, the demand for chemical separation membranes is grown on the account of rising demand for waterjet cutting machines in the oil and gas sector. Moreover, rising demand in the automotive industry and packaging inks is also expected to fuel the demand in this market.
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Technological innovation in membranes is projected to bolster the stability of the chemical separation membranes market in the competitive background of other emerging separation technologies. Better quality membrane helps in various companies to gain a competitive edge in the market. Its application is largely seen in several industries including building and construction, ink and coatings, and electronics and semiconductors, which will further provide a fillip to the market.
However, limited availability of metrics and uniform testing standards that are highly essential for developing innovative membrane solutions and quantitative evaluation might restrict the growth of the market. In addition, lack of integrity between the end users, researchers, system designers, and manufactures has built up various imperfect solutions. Out of these solutions, some of them are even off target due to lack of clear performance target. Thus, these solutions can also deter the growth of the chemical separation membranes market in the coming years.
On regional front, North America is expected to lead the global chemical separation membranes market. Europe is also expected to offer lucrative growth opportunities for this market in the coming years. Significant growth in industrialization in countries like China and India in Asia Pacific are also expected to fuel the demand in the chemical separation membranes market.
Prominent participants in the global chemical separation membranes market are Compact Membrane Systems, DIC Corporation, Pentair PLC, Inc., 3M Company, Novamem Ltd., Pervatech BV, DeltaMem AG, PBI Performance Products, Inc., Markel Corporation, and Evonik Industries AG. The report provides information about the key strategies used by the leading players in the market. Product development, investing in mergers and acquisition, and reaching out to emerging economies are some of the key strategies used by these players.
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