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Kick-off to decarbonizing ammonia production: thyssenkrupp awarded green hydrogen plant by CF Industries - Chemical Engineering
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Thyssenkrupp to Engineer, Deliver 20 MW Green Hydrogen Plant in Louisiana
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Growing requirement for recycling waste water and advanced water treatment solutions across the United States, UK, Japan, and Germany will improve membrane chemicals sales through 2021.
DUBAI, UAE / ACCESSWIRE / April 20, 2021 / ESOMAR certified consulting firm Future Market Insights report on global membrane chemicals market projects a positive outlook through 2031. Surging demand from diverse lucrative end-use sectors is amplifying the growth of membrane chemicals market. After a slight decline in 2020, membrane chemicals players can expect a spike in demand due to the recovery in end-use sectors such as food & beverage and pulp & paper. FMI study projects a bullish long-term outlook, estimating the sales to grow at 6% CAGR through 2031.
Application for Membrane Chemicals in Diverse End-Use Industries will Push Sales through 2021 and Beyond: FMI
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The Global Process Analytical Technology Market is estimated to be USD 2.1 Bn in 2020 and is expected to reach USD 3.69 Bn by 2025, growing at a CAGR of 12.5%.
Market Dynamics
Major factors that drive the market growth are Increasing R&D activities in pharmaceutical and biopharmaceutical companies, rapid technological advancements in analytical devices, Increasing drug discovery and development activities, and strict government regulations for drug manufacturing and safety. Other factors that help in boosting the market growth are increasing government investments in emerging countries as the emerging markets offer plenty of growth opportunities for manufacturers of process analytical technology solutions. Hence, all these factors help in driving the growth of the market during the forecast period.