The Global Nonwoven Industrial Membrane Market was valued at $1.12 Billion in 2020. Growing at a high CAGR of more than 7.2% between 2021 and 2031, it is estimated to reach $2.48 Billion by 2031. But, the current pandemic of COVID-19 might make a slight difference in the current year's growth rate. Nonwoven industrial membranes are generally used for water treatment. The rising awareness for wastewater treatment among the people is anticipated to propel the market growth. However, growing demands for freshwater, coupled with the less availability of natural drinking water, drive the market growth. Apart from that, the increasing use of the nonwoven industrial membrane technology in the food and beverages industry for hygiene and safety is expected to propel the market growth during the forecast period. Now, moving forward, the robust demand for the Global Nonwoven Industrial Membrane Market in the water treatment department is further estimated to create new necessities and augment the market of growth over the forecast period of 2021-2031.
Global Nonwoven Industrial Membrane Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Nonwoven Industrial Membrane market is segmented as module and application. Based on the module, the global Nonwoven Industrial Membrane market is divided into Plate & Frame, Spiral wound, Hollow fiber, and Tubular. Based on application, the global Nonwoven Industrial Membrane market has been bifurcated as Wastewater treatment, Food & Beverage, Chemical & biochemical, Pharmaceutical, and Others (mining & metal processing, paints & adhesives, etc.).
By Region, Asia Pacific is Holding the Major Market Share
The Nonwoven Industrial Membrane Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, Asia Pacific has a significant share among those regions. The regional market comprises developing nations such as China, India, and Japan, whose development rate is faster than most of the developing countries in the world. The availability of advanced technology, experienced and skilled employees and increasing demand for nonwoven membranes are the prime factors for the market growth over the region. Apart from that, North America and Europe are expected to increase the growth rate in the upcoming forecast period of 2021 to 2031.
Major Players in the Global Nonwoven Industrial Membrane Market
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Lydall Inc., Ahlstrom-Munksjo Oyj, Glatfelter, DuPont, FITESA, Berry Global Group, Inc., Johns Manville Corporation, TWE Group, Toray Industries, Freudenberg Group, 3M Company, Asahi Kasai Corporation, Mitsui Chemicals, ExxonMobil, and Fibertex Nonwovens A/S among others.
The Global Nonwoven Industrial Membrane Market Has Been Segmented into:
Global Nonwoven Industrial Membrane Market: By Module
Global Nonwoven Industrial Membrane Market: By Application
Global Nonwoven Industrial Membrane Market: By Region