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The stakes are widely prominent. In effect, the scarcity of pure water has provided opportunities for membrane separation technology for brackish water purification, and increasing purity standards.
Stringent environmental regulations too are leading to an increased demand for water and wastewater treatment, which is further expected to drive the membrane separation technology market.
The major restraint in the membrane separation technology market is the high requirement of capital investment which makes it difficult for new players to enter the market.
The global membrane separation technology market is projected to reach USD 28.10 billion by 2022, at a CAGR of 7.2%. - Research and Markets.