Demand for membranes in the water treatment market is forecast to advance 5.8 percent per year to $8.3 billion in 2023, according to a study by The Freedonia Group. Growth will be driven in part by the implementation of more stringent quality regulations for water streams in both developed and developing markets. Gains will also be spurred by the extension of water treatment operations into areas without access to clean water. The increased use of high-value treatment operations such as membranes is aided by the fact that many of these areas are burdened with limited fresh water supplies or poor quality water.
Global demand for membranes in all markets (water treatment, wastewater treatment, food and beverage processing, pharmaceutical, medical, etc.) is expected to rise 6.5 percent per year to $31.7 billion in 2023. Rising demand for membranes in a variety of markets will be driven in part by increasingly strict environmental regulations, particularly regarding water treatment and wastewater streams.
freedoniagroup.com
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