A new report from Lux Research indicates that the worldwide market for membranes is expected to nearly double by 2020, from $1.5 billion to $2.8 billion (USD). One of the main reasons for this growth is advancements in membrane technology which will increase their utility. Improvements in fouling resistance and chemical tolerance open the door for membranes to be used in applications that they couldn’t perform before, such as industrial water treatment.
Another reason for optimism in the membrane industry is the continued market strength in the industries that purchase membranes. The food & beverage, pharmaceutical, desalination, environmental, and biotechnology sectors all commonly use membranes in their processes and are all expected to continue growing in the United States and around the world.
What do you think? Do you see yourself using membranes more often 10 years from now?
Also visit Filtration + Separation for more information on this report.