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Non-woven Fabrics Market to Reach $959.5 Million

August 31, 2016

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Research and Markets has announced the addition of the "Non-woven Fabrics Market - Industrial Membranes, by Module Type, Application, and Region - Forecast to 2021" report to their offering.

“Non-woven Fabrics Market - Industrial Membranes, by Module Type, Application, and Region - Forecast to 2021”

The global market for non-woven fabrics-industrial membranes is projected to grow from USD 608.9 million in 2016 to USD 959.5 million by 2021, at a CAGR of 9.52%.

The increase in demand for fresh water across the world as well as governmental regulations regarding water & wastewater treatment have played a major role in providing the necessary momentum for the growth of the non-woven fabrics market-industrial membranes. However, non-availability of raw materials and energy costs could pose a threat to the growth of the market.

The spiral-wound segment is projected to be the fastest-growing in the non-woven fabrics market-industrial membranes during the next five years. Spiral-wound module is cost effective and provides similar benefits as other module types. It is mainly used in reverse osmosis (RO) filtration, particularly in treating water & wastewater.

The market for non-woven fabrics-industrial membranes is segmented on the basis of region into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific accounted for the largest share of the total demand generated by the global non-woven fabrics market-industrial membranes in 2015, owing to developing nations in the region. The Asia-Pacific region is projected to be the fastest-growing market for non-woven fabrics-industrial membranes during the forecast period, owing to the growth in economy and rapid growth in the medical & infrastructure sectors.

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