SAN FRANCISCO, Nov. 9, 2020
SAN FRANCISCO, Nov. 9, 2020 /PRNewswire/ -- The global nonwoven industrial membrane market size is expected to reach USD 1.6 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.8% from 2020 to 2027. Growing demand from the food and beverage industry owing to the increasing use of membrane filtration technology for bottled water applications is expected to drive the market.
Key suggestions from the report:
Read 105 page research report with ToC on "Nonwoven Industrial Membrane Market Size, Share & Trends Analysis Report By Module (Plate & Frame, Spiral Wound, Tubular), By Application (Wastewater Treatment, Pharmaceutical), By Region, And Segment Forecasts, 2020 – 2027" at: https://www.grandviewresearch.com/industry-analysis/nonwoven-industrial-membrane-market
The market has observed an increasing inclination towards the use of industrial membranes from food and beverage companies. These companies prefer nonwoven industrial membranes due to their ability to improve the taste, salinity, and color of groundwater, municipal water, or surface water, which is expected to drive the product demand.
However, the market is projected to face a setback in the current year due to the COVID-19 outbreak in majority of the countries. The dampening manufacturing sector and trade disruptions between China and the US are a few major concerns that can negatively impact market growth.
The market is highly competitive due to the presence of multiple established firms in the market such as 3M, Toray Industries, Lyondell Inc, etc. These companies continue to invest heavily in their research and development activities and in technological advancements which keep the market highly competitive.
Grand View Research has segmented the nonwoven industrial membrane market on the basis of module, application, and region:
Nonwoven Industrial Membrane Module Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
Nonwoven Industrial Membrane Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
Nonwoven Industrial Membrane Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
List of Key Players of Nonwoven Industrial Membrane Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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