New state-of-the-art manufacturing plant in Austin, Texas, USA, opened by Microd
Posted by rohan on January 20th, 2020
The Tubular Membranes market is a moderately growing global market with a CAGR of 8.2%. In the forecast period, the market will witness a normal growth considering the possible chance in technology advancements due to the research and developments in the going. Manufactures are Recycling supernatants from the sludge-handling processes through the tubular membrane filtration (TMF) system helps to ensure that the only results are the filtered water and the compact solids cake. Microdyn-Nadir, a significant manufacturer of tubular membranes, has opened its new state-of-the-art manufacturing plant in Austin, Texas, USA. The Global Tubular Membranes market size was around USD 719.6 million by revenue, at the end of 2018. It is projected to grow at CAGR of 8.2% to reach USD 1067.2 million by 2023.
Drivers and Restraints:
Increasing rules and regulations imposed on the textile industry by the government agencies, make the most use of the tubular membranes in the textile industry, therefore driving the market all around the world. Scrap from processes, such as fuel gas desulfurization, cooling tower blow down, etc. are estimated to increase the demand for tubular membranes in the energy & power segment. Nonetheless, factors like high investments and more focus on thermal separation systems act as barriers to the market.
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Report Segmented as:
By End-use Industry:
Geographically, the Global Tubular Membranes market is segregated into Latin America, Europe, Asia Pacific, Middle-East & Africa, and North America. Asia Pacific is the quickest-developing market, attributed to its high CAGR, increasing demand for developing industries and scope of future opportunities, majorly in regions like India and China. North America had the most significant market share in the year 2018, and considerably a steady CAGR which makes it remain the ruler of the tubular membrane market in the mentioned forecast period. Europe had the second highest Global Tubular Membranes market share in 2018, and a better CAGR making it possible for it to develop swiftly when compared to North America. The Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have lesser chances for industry growth. Hence, the Tubular Membranes market in these regions is slow developing in nature.
Important Key Market Players:
The leading shareholders of the Global Tubular Membranes Market by the end of 2018 among others are Porex Corporation (US), Berghof Membranes (Netherlands), Microdyn-Nadir (Germany), Spintek Filtration Inc. (US), Pentair plc (US), Dynatec Systems, Inc. (US), PCI Membranes (UK), Hyflux Ltd. (Singapore). These companies are mainly concentrated in the research & development of the kind of tubular membranes which could be used to various applications.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorrohan
Joined: September 20th, 2017
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