The tubular membranes market in Zero Liquid Discharge ZLD systems projected to reach USD 1,056.2 million by 2023
The tubular membranes market in ZLD systems is estimated at USD 718.7 million in 2018 and is projected to reach USD 1,056.2 million by 2023, at a CAGR of 8.0% between 2018 and 2023. Factors such as growing emphasis on reducing the capital and operating costs of ZLD systems using membranes, and increasing regulations on wastewater discharge from various industries across the world influence the tubular membranes market in ZLD systems. Major factors that are expected to restrain the market include high capital expenditure for ZLD systems and more impetus on thermal separation systems.
Textiles segment projected to grow at the highest CAGR during the forecast period
Based on enduse industry, the tubular membranes market in ZLD systems has been segmented into energy power, chemicals petrochemicals, pharmaceuticals, textiles, leather, and others. Due to increasing concerns and regulations affecting the textile industry over the disposal of wastewater containing dyes and pigments into freshwater bodies and agricultural lands, this segment is expected to grow at the highest CAGR during the forecast period.
Asia Pacific market projected to grow at highest CAGR during the forecast period
The Asia Pacific tubular membranes market in ZLD systems is projected to grow at the highest CAGR between 2018 and 2023. The Asia Pacific has a high potential market for tubular membranes in ZLD systems mainly due to rapid industrialization in the region. Moreover, majorly, power plants in the region are thermal power plants that are expected to drive demand from the energy power sector. China has increased regulations for wastewater discharge from coal power plants and implemented mandates for the use of ZLD systems for the same. India, another major market in the Asia Pacific region, is expected to register significant demand during the forecast period.
Breakdown of the profile of primary participants:
By Company Type: Tier 1 10%, Tier 2 40%, and Tier 3 50%
By Designation: C Level 45%, Director Level 23%, and Others 32%
By Region: Asia Pacific 53%, Europe 21%, North America 16%, and Middle East Africa 10%
Some of the major companies profiled in this report include Porex Corporation US, Berghof Membranes Netherlands, MicrodynNadir Germany, Pentair plc US, PCI Membranes UK, Dynatec Systems, Inc. US, Hyflux Ltd.Singapore, Spintek Filtration Inc. US, and others.
Research Coverage:
This report offers an overview of the market trends, drivers, and challenges with respect to the tubular membranes market in ZLD systems. It also provides a detailed overview of the market across 5 regions, namely, Asia Pacific, Europe, North America, the Middle East Africa, and South America. The report categorizes the tubular membranes market in ZLD systems on the basis of application, enduse industry, and region. A detailed analysis of leading players, along with product portfolios and key strategies adopted by them, is also covered in the report.
Reasons to buy the report:
This report covers the following key aspects:
Market size by 2023 and growth rate
Key market trends
Factors expected to drive growth of the market
Challenges that impact market growth
Key players in this market
The report covers key regions, such as North America, Europe, and Asia Pacific, including major countries in these regions, such as the US, China, India, UK, and Germany