According to a new market research report published by sheer analytics and insights, “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, as per the latest market research report titled Global Nonwoven Industrial Membrane Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
Nonwoven industrial membranes have wide use in the biopharmaceutical industry, as the membrane's intermediates and products are prone to degradation due to heat and chemical treatment. Basically, the membranes are used for water treatment. Apart from this, the harvesting of cells and recovery of biomass is a primary step in fermentation while manufacturing products. The filtration process improves productivity and reduces the operator’s maintenance costs and workload. 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.
However, in this current pandemic of COVID-19, the Nonwoven Industrial Membrane market is affected much. It changes the growth rate graph slightly in the Nonwoven Industrial Membrane market. But it has been expected that after the pandemic situation, the global Nonwoven Industrial Membrane market will reach a high position in the graph. Apart from that, the rising of the Nonwoven Industrial Membrane sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Nonwoven Industrial Membrane Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
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