New Product Launches, Mergers, Joint Ventures, Acquisitions, Expansions, Agreements, and Collaborations are the Key Strategies Adopted by Industry Players to Achieve Growth in the Membrane Separation Technology Market
New product launches, mergers, joint ventures, acquisitions, expansions, agreements, and collaborations are the key strategies adopted by industry players to achieve growth in the membrane separation technology market. Increasing industrial developments, technological advancements, and demand for water treatment have led to the high demand for membrane separation technology from various applications, which in turn is driving the membrane separation technology market. Companies are therefore adopting strategies such as new product launches, expansions, mergers & acquisitions, and agreements. Some of the key players, such as The Dow Chemical Company (U.S.), GE Water & Process Technologies (U.S.), The 3M Company (U.S.), Toray Industries (Japan), Merck Millipore (Germany), Asahi Kasei Corporation (Japan), Pall Corporation (U.S.), Koch Membrane Systems, Inc. (U.S.), Hydranautics (U.S.), and Pentair plc (U.K.) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by players in the membrane separation technology market between 2012 and 2017.
The Dow Chemical Company (U.S.) is a leading player in the global membrane separation technology market. The company, as a major membrane separation technology provider, aims to expand its market share and become one of the most innovative companies in the world. As part of its growth strategy, in 2015, the company launched the new product, IntegraFlux. The XP fiber technology in the membrane provides higher flux, higher water recovery, and low waste at low energy consumption. This development has strengthened the company’s product portfolio for UF membranes.
Koch Membrane Systems Inc. (U.S.) is one of the largest membrane separation technology manufacturers in the U.S. and one of the largest producers worldwide. As a part of its business strategy, the company focuses on new product developments and research. In 2017, the company launched caustic nanofiltration standard systems for caustic recovery and reuse. These systems are specifically designed to recover and purify caustic for reuse in food, beverage, and industrial applications. This new product launch is expected to provide additional advantage over other players in the market in terms of the company’s product portfolio.
Key companies, such as The Dow Chemical Company (U.S.), GE Water & Process Technologies (U.S.), The 3M Company (U.S.), Toray Industries (Japan), Merck Millipore (Germany), Asahi Kasei Corporation (Japan), Pall Corporation (U.S.), Koch Membrane Systems, Inc. (U.S.), Hydranautics (U.S.) and Pentair plc (U.K.) are the most active players in the global membrane separation technology market.
Related Reports:
Membrane Separation Technology Market by Application (Water & Wastewater Treatment, Food & Beverage, Medical & Pharmaceutical, Industrial Processing), Technology (RO, UF, MF, NF), and Region - Global Forecast to 2022
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