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Global Membranes Market Research Report - Segmentation By Type (Polymeric, Ceramics and Others), Technology (Ultrafiltration (UF), Reverse Osmosis (RO), Gas Separation, Nanofiltration (NF), Pervaporation, Microfiltration (MF) and Others), Application (Water & Wastewater Treatment, Food & Beverages, Medical & Pharmaceuticals, Industrial Gas Processing and Others) and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 8075
Pages: 150
Formats: report pdf report excel report power bi report ppt

Global Membranes Market Size (2024 to 2029):

The Global Membranes Market is expected to grow at a CAGR of 8.13% during the forecast period 2024-2029. The market value was at USD 12.77 billion in 2023, and the value is expected to reach USD 18.88 billion by the end of 2029. 

Global Membrane Market Drivers:

There is a growing demand for fresh drinking water, as drinking water is essential for the survival of human life. The escalating population worldwide and the increasing water crisis demand purified and fresh water, contributing majorly to global membranes market growth. The rising advancements in technology are playing a crucial role in water filtration as the advancements in membrane designs and effectiveness are enhancing the conversion of seawater into potable water, which is fueling the adoption of membranes by enhancing market growth. People from the Middle East and Africa widely depend on desalination plants for many activities such as farming, industrial, and daily requirements. This dependency is increasing the adoption of membranes for filtration, which augments the global market revenue. The increasing awareness about wastewater treatment and the water conservation process due to rising water crises across the world is accelerating the membrane filtration process by increasing the market share of membranes. The growing demand for membranes for water treatment due to shifting towards physical water treatment rather than chemical treatment methods for maintaining water quality standards positively impacts the market expansion worldwide.

Stringent rules and regulations by regulatory authorities in maintaining the quality of water and water treatment procedures are propelling the adoption of membrane filtration procedures by enhancing market revenue. The increasing demand for treated water in emerging economies is expected to expand the market size in the forecast period.

Global Membrane Market Restraints:

The chances of using fouling are the major challenge for market expansion as it leads to high energy consumption and affects water or stream quality. Chemical cleaning is the only option to eliminate the fouled products. This fundamental challenge is expected to hamper the global market growth. High capital and energy expenses are estimated to limit market expansion due to reduced adoption in underdeveloped countries. The high cost of the membranes and slow filtration speed are expected to affect the market growth by impeding the adoption.

Global Membrane Market Opportunities:

The increasing water crisis in most developing and underdeveloped countries is estimated to provide significant market growth opportunities due to the adoption of membrane filtration for water recycling and conservation in the coming years. The increasing global water pollution, which is impacting freshwater availability, is enhancing the demand for filtration methods and fuels the market value. Growing environmental concerns are accelerating the regulatory bodies to frame stringent regulations for discharging industry waste into the water. The implementation of zero discharge is new, and membranes play a crucial role in meeting the goal of zero liquid discharge, which is expected to propel the market growth during the forecast period.

Global Membrane Market Challenges:

The major challenge for market expansion in the coming years is the life span and efficiency of membranes. The membranes used in the separation process should be replaced after 2 to 5 years. During the water treatment process, certain components present in the water, such as microorganisms, colloids, or proteins, form a layer on the surface. Fouling and scaling of these particles on the membrane surface decreases the efficiency of the membranes, which hampers their adoption.

MEMBRANES MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 – 2029

Base Year

2023

Forecast Period

2024 - 2029

CAGR

8.13%

Segments Covered

By Type, Technology, Application, and Region.

 

Various Analyses Covered

Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Dow Chemical Company (U.S.), LG Water Solutions (U.S.), Merck Millipore (Germany), Pentair plc (U.K.), Toray Industries (Japan), Koch Membrane Systems, Inc. (U.S.), Carlisle SynTec Systems (U.S.), Asahi Kasei Corporation (Japan), Danaher Corporation (U.S.), Firestone Building Products Company, LLC (U.S.), GE Water & Process Technologies (U.S.), Hydranautics (U.S.), and Others.

 

This research report on the global membranes market has been segmented and sub-segmented based on the following categories.

Global Membranes Market – By Type:

The polymeric sector leads the global membranes market due to its extensive usage in wastewater treatment in industries. However, ceramic membrane technology has witnessed an increase in applications in various work fields, thus making it the fastest-growing industry in the forecast period.

Global Membranes Market – By Technology:

Among the mentioned variety of technologies, the RO sector has accounted for the maximum market share in 2023, as it is cost-effective in nature. However, the nanofiltration sector is estimated to grow with the highest growth rate in the forecast period, owing to the increasing NF technology usage in the separation of tiny salt particles from wastewater.

Global Membranes Market – By Application:

In 2023, the water & wastewater treatment segment had the highest share in the global market applications. The increased demand for water desalination units led to this application dominating the market. The medical & pharmaceutical sector of application is expected to grow with the maximum growth rate, owing to the increasing number of end-user industries worldwide.

Market Regional Analysis: 

The Global Membranes Market Report includes the segmentation of regions:

  • North America
  • Europe
  • Asia Pacific 
  • Latin America
  • The Middle East and Africa

Asia Pacific had the largest global market share in 2023 and is expected to be the fastest-growing market in the forecast period due to its high CAGR, increasing demand for growing industries, and the scope of future opportunities, mainly in developing countries like Japan, India, and China.

The market value of Europe and North America are next in the lead, following the Asia Pacific. The regional advantages offered like cheap labor, and ease of resource availability make the global market concentrated in the Asia Pacific, making North America and Europe slow-growth markets.

The Middle East & Africa and Latin America regions, being in the low developing countries due to low GDP countries' contribution, have fewer chances for industry growth. Hence, the membrane market in these regions is slow to grow.

COVID-19 Impact on the Membranes Market:

The pandemic had a mixed impact on the global membranes market. The early stage of COVID-19 led to disruptions in supply chains, manufacturing, and production due to the implementation of stringent lockdown regulations. However, the COVID-19 pandemic has emphasized the significance of wastewater surveillance in monitoring and tracking the spread of infectious diseases, including SARS-CoV-2. The post-pandemic is experiencing steady growth in the membranes market, which is expected to maintain significant growth during the forecast period.

Market Key Players:

  1. Dow Chemical Company (U.S.)
  2. LG Water Solutions (U.S.)
  3. Merck Millipore (Germany)
  4. Pentair plc (U.K.)
  5. Toray Industries (Japan)
  6. Koch Membrane Systems, Inc. (U.S.)
  7. Carlisle SynTec Systems (U.S.)
  8. Asahi Kasei Corporation (Japan)
  9. Danaher Corporation (U.S.)
  10. Firestone Building Products Company, LLC (U.S.)
  11. GE Water & Process Technologies (U.S.)
  12. Hydranautics (U.S.)

Market Recent Developments:

  • In April 2021, Suez acquired the reverse osmosis membrane product line from Lanxess, a chemicals company. This acquisition supports the company's entry into the industrial water market and increases its product portfolio.
  • In September 2021, KOCH Separation Solutions announced the addition of its new technology, INDU-COR HD, to its tubular membrane range, which was developed to treat industrial waste streams effectively.

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FAQ's

1. What is the membranes market growth rate during the projection period?

The global membranes market is expected to grow with a CAGR of 8.13% between 2024-2029.

2. What can be the total membranes market value?

The global membranes market size is expected to reach a revised size of US$ 18.88 billion by 2029.

3. What are the top 5 key players in the membranes market?

Koch Membrane Systems, Inc. (U.S.), Carlisle SynTec Systems (U.S.), Asahi Kasei Corporation (Japan), Danaher Corporation (U.S.), and Firestone Building Products Company, LLC (U.S.) are top key players in the membranes market.

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