The global demand for membranes in the water treatment market is expected to grow 5.8% annually to $8.3 billion in 2023, according to a report by Freedonia. Growth will arise from the implementation of quality standards in developed and developing markets.
The demand for membranes in the water treatment, wastewater treatment, food and beverage and pharmaceutical markets is expected to have 6.5% annually and reach $31.7 billion in 2023. Rising demand for membranes these markets will be driven in part by increasingly strict environmental regulations, particularly regarding water treatment and wastewater streams. Technological advances in the chemicals, pharmaceuticals biotechnology and electronics industries will boost this market. The increasing use of membranes in a larger variety of applications and markets will also bolster this growth.