Membrane Bioreactor Market Fundamental Dynamics & Comprehensive Assessment to 2029 | Detailed Study on Impact of Russia Ukraine War on Membrane Bioreactor Industry
The global membrane bioreactor market price is projected to expand at a healthy pace in the foreseeable future owing to the urgent need to efficiently manage and treat wastewater around the globe, finds Fortune Business Insights™ in its report, According to UN Water, approximately 80% of the wastewater generated worldwide flows back into water bodies and ecosystems without being treated or reused. As a result, nearly 1.8 billion around the world consume water polluted with contaminants such as faeces and synthetic chemicals, which puts these people at risk of developing deadly diseases such as cholera and typhoid. Membrane bioreactors (MBR) are widely used to treat wastewater, involving microfiltration or ultrafiltration membranes that are integrated with a biological process. Thus, these materials provide an optimal solution to wastewater treatment and as countries look to improve access to clean water, the demand for MBR is likely to spike in the near future.
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Highlights of the Report:
- Careful estimations about the upcoming trends and prospects in the market;
- In-depth research into the regional dynamics of the market;
- Granular study of the factors driving and restraining the market; and
- Detailed profiling and analysis of the key market players and their dominant strategies.
Impact of Russia-Ukraine War Implication
The Russia-Ukraine war could change the market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
Wastewater Reuse Initiatives Undertaken by Large Cities to Brighten Market Prospects
Several cities around the world have initiated innovative wastewater treatment programs that are focused on reusing wasted water for different purposes. For example, Aqaba, the only coastal city in thewater-starved country of Jordan, currently treats 90% of its wastewater under its ‘Zero Discharge’ policy and has been making heavy investments in wastewater management solutions over the past many years. Similarly, in China, the capital city Beijing has been extensively utilizing membrane bioreactor technology under its Integrated Wastewater Program, which aims at building efficiencies and infrastructures for water recycling and sewage treatment. Another prominent example is the Indian city of Chennai, which has been able to meet 15% of the city’s water demand through recycled water under its ‘Zero Water Discharge in Chennai’ program. These initiatives augur well for the membrane bioreactor market growth as these materials are essential in filtering and decontaminating polluted water and making it viable for various uses.
Rapid Industrialization to Generate Numerous Opportunities in Asia Pacific
Asia Pacific is expected to present lucrative opportunities for market players owing to the speedy expansion of industries in the region. In addition, rising investments in municipal wastewater technologies, along with rapid urbanization, will stand the market in good stead in the forthcoming years. Furthermore, India has been implementing large-scale housing projects under its “Housing For All by 2022”, which is anticipated to surge the need for efficient water treatment technologies, thus benefiting the market.
North America is set to dominate the membrane bioreactor market share in the near future on account of strong presence of advanced manufacturing facilities across core industries such as chemicals, pharmaceutical, and automotive.
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Major Companies to Focus on Expanding Production Capacity
In a bid to capitalize on the booming demand for wastewater treatment solutions, key players in this market are aggressively increasing their production capabilities through strategic investments. Apart from this, companies are also acquiring competitors to strengthen their position in the market, widen their offerings, and expand globally.
- April 2020: Koch Separation Solutions announced 50% expansion of its production capacity of its flagship PURON® reinforced hollow fiber membrane technology. The aim behind this move is to adapt to the rapidly changing requirements of industrial and municipal wastewater treatment.
- October 2019: DuPont inked an agreement with Evoqua Water Technologies to purchase its Memcor® business, including its membrane filtration and bio-filtration technologies. The acquisition allows DuPont to bolster its portfolio of water purification and separation offerings through the addition Evoqua’s membrane filtration products.
List of Key Players Covered in the Membrane Bioreactor Market Report:
- Newterra Ltd.
- ALFA LAVAL
- CITIC Envirotech Ltd
- Mitsubishi Chemical Corporation
- KUBOTA Corporation
- Koch Membrane Systems, Inc.
- TORAY INDUSTRIES, INC.
- Evoqua Water Technologies LLC
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