According to a recent report “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", the membrane separation technology market is projected to grow from USD 18.55 Billion in 2016 to USD 28.10 Billion by 2022, at a CAGR of 7.2%. While much of this growth is expected to focus on the rising demand from water treatment applications, there are a number of other areas of interest in the industrial, pharmaceutical, and petrochemical sectors where membrane technology will make significant strides in the coming years.
The Oil and Gas (O&G) and Petrochemical industries have not been synonymous with “clean tech” in the public’s eye to date. The industry is usually portrayed as being archaic, with significant emphasis on negative stories, such as oil spills in the oceans and air pollution. Very little is expressed in the media about how society has benefited from the modern industrialisation of advanced chemical processes, associated products or the industry’s strive to ‘clean-up’.
According to a recent report from Credence Research published in March 2017 “…the global gas separation membranes market is projected to experience substantial growth over the forecast period of 2016 to 2024 owing to growing industrialization in emerging economies. Technical innovations in water &
Innovation is critical to the long term growth and prosperity of the petrochemical industry. Innovation can come in a variety of areas including new product development, improvements in raw material and feedstock identification and utilization, the use of techniques such as pinch technology to identify ways to improve process efficiencies, increase production yields, and improve energy utilization, and supply chain optimization, among others.
Olefins production is the largest and most important segment of the global petrochemical industry, worth over $150 Billion per year. Many opportunities
At Imtex we often get asked the question, “How will the current oil price impact your company?” and “Are you concerned?” The short answer is initially, yes, but ultimately, no.