New Product and Technology Developments was Among the Key Strategies Adopted by the Leading Players to Strengthen their Position in the Spiral Membrane Market.
The spiral membrane market is estimated USD 5.10 billion in 2018 and is projected to reach USD 8.20 billion by 2023, at a CAGR of 10.0% from 2018 to 2023. Companies operating in the spiral membrane market such as DowDuPont Inc. (US), Toray Industries, Inc. (US), Hydranautics (US), LG Water Solutions (South Korea), SUEZ Water Technologies and Solutions (France), Merck Group (Germany), Pentair plc (US), Koch Membrane Systems (US), Pall Corporation (US), and Lanxess (Germany) have adopted both, organic as well as inorganic growth strategies such as mergers, acquisitions & joint ventures; investments & expansions; new product and technology development; and partnerships, agreements & collaborations to serve their customers efficiently and increase their market shares in the spiral membrane market.
New product and technology development was the key strategy adopted by the major players to strengthen their position in the spiral membrane market between 2015 and 2018. Partnerships, agreements & collaborations accounted for a share of 50.0% of the total growth strategies adopted by the leading players of the spiral membrane market between 2015 and 2018. Companies operating in the spiral membrane market have also adopted the strategy of new product and technology development which has helped them fulfill the emerging need for spiral membranes technology in various industries.
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DowDuPont (US) has gained a strong foothold in the spiral membrane market. The company is backed by its extremely strong and in-depth product portfolio of membrane technologies. The company continuously aims to create value for the customer through its diversified and market-driven portfolio in various businesses. The major reason for DowDuPont maintaining its market position is the successful leveraging of cost and scale advantage in addition to the strong worldwide presence. The company focuses on continuous R&D and innovation in an attempt to solving some of the world’s most challenging problems such as the need for clean water, increasing agricultural productivity, clean energy generation, and conservation.
Pentair plc (US) is another major player operating in the spiral membrane market. The company has held several exhibitions to increase its market awareness and presence and has also launched new products regularly. The company focused on acquisition as its major business strategy for its overall growth of the company. For instance, in 2016, the company acquired TCK Membrane America Inc. (Calif), a manufacturer of CSM RO/NF membranes. In addition, the other business strategy followed by the company also adopts other business strategies is to grow its network through various supply contracts with its expertise in the entire spectrum of high-performance spiral membranes including RO membranes, NF membranes, UF membranes, MF membranes, and membrane bioreactors (MBR).
Related Reports:
Spiral Membrane Market by Polymer Type (Polyamide, PS & PES), Technology (RO, NF, UF, and MF), End-use Industry (Water & Wastewater Treatment, Food & Beverage, Pharmaceutical & Biotechnology, Oil & Gas), and Region - Global Forecast to 2023
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