Membrane Technology Market - snapshot
The global membrane technology market is anticipated to observe considerable growth due to continuous research and development activities conducted in this field. Membranes occupy through a selective wall of separation. Only specific substances are able to get through the membrane, whilst rest of the substances is unable to. Membrane technology refers to a number of very characteristic and different processes of separation. These processes are all of the same type as in each of them a membrane is utilized. Membranes are utilized more often for the production of water from wastewater or surface water or groundwater.
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In the last decade, membrane technology has become more of a sophisticated technology of separation. The primary force behind membrane technology is the fact that the technology it works well even without the addition of any chemicals. It makes use of comparatively low energy and well-arranged and hassle-free process conductions.
Increased Demand from Food and Beverage Industry to Pave Way for Growth
Membranes have emerged as a highly competitive technology amongst the available conventional techniques. The presence of semi permeable membranes is the fact on which the process of membrane separation is based. The principle of this technology is quite a simple one. The membrane plays the role of a particular filter that enables water flow through it as it gets hold of suspended solids and many other substances.
There are several processes that allow substances to pass through a membrane. Some of the examples of these methods are as follows
- the introduction of an electric potential
- the applications of high pressure
- the maintenance of a concentration gradient on both sides of the membrane
Increasing application of the technology in the food and beverage industry is expected to amplify growth of the global membrane technology market in the years to come. In addition, growing application in the energy recovering and environment protection techniques is likely to support developments in the global membrane technology market.
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Globally, the membrane technology market is witnessing significant growth due to increasing research and development and production in pharmaceutical, biopharmaceutical and life sciences industries. There has been a substantial rise in the number of membrane technology applications, including separation and purification of drug components, in pharmaceutical, biopharmaceutical and life sciences industries. Thus, rise in pharmaceutical production and increasing number of membrane technology applications worldwide are driving growth of membrane technology in pharmaceutical, biopharmaceutical and life sciences industries. In addition, stringent regulations and usage of single-use disposable technique are playing a major role in the growth of the membrane technology market. Presence of various filtration techniques such as ultrafiltration, nanofiltration and microfiltration, under membrane technology has increased its acceptance in pharmaceutical, biopharmaceutical and life science industries for separation and purification of components and biomolecules over conventional techniques. The global membrane technology market for pharmaceutical, biopharmaceutical and life science industries is expected to be USD 7,029.9 million in 2014. It is likely to grow at a CAGR of 9.1% during 2014 to 2019 to reach USD 10,886 million in 2019.
North America is the largest market, and biopharmaceutical industry is the largest segment in the global market for membrane technology in pharmaceutical, biopharmaceutical and life sciences industries. However, Asia is the fastest growing region in the membrane technology market. Additionally, nanofiltration is the fastest growing technology in the global market for membrane technology in pharmaceutical, biopharmaceutical and life sciences industries.
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The membrane technology market in pharmaceutical, biopharmaceutical and life sciences industries accounted for USD 4,590 million in revenue in 2009.
Biopharmaceuticals commanded the largest share in the overall membrane technology market in 2009. It was estimated to grow at a CAGR of 9% from 2009 to 2013.
TABLE 1 Global market of Membrane Technology for pharmaceutical, biopharmaceutical and life sciences industries size, by geography 2014-2019 (USD millions)
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