USD 6.2 billion
Report ID:
SQMIG15E2341 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
90
|Figures:
76
Membrane Market size was valued at USD 613.6 Million in 2023 and is poised to grow from USD 665.76 Million in 2024 to USD 1178.42 Million by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).
As membrane technology is being used in the dairy processing and food and beverage industries, the market is expected to expand significantly. A positive effect on the broad use of membrane separation methods is also anticipated from technical developments that improve durability and lower fouling potential.
Companies in the United States are being forced to implement water treatment solutions due to factors including rising product demand from end-use sectors and environmental restrictions established by the Environmental Protection Agency (EPA), which is expected to accelerate technological growth. Furthermore, the U.S. market for membrane separation technology is anticipated to be driven by the economic recovery and government activities to support environmental protection.
From 2020, there was a dramatic increase in the need for high-quality processing equipment for handling wastewater, industrial processing, and maintaining cleanliness in food, beverage, and pharmaceutical facilities. This led to the expansion of the market for membrane separation technology. In order to combat COVID satiation, there has been a significant increase in demand for high purity consumables in the food and medical industries.
Diverse businesses have mostly used investments, divestitures, and geographical expansion to increase their market share in the membrane separation technology sector. Membrane market has seen rising expenditures and ongoing R&D, which has resulted in the development of membrane products with improved durability and greater flow rates. However, it's anticipated that the participants' top worry would be changes in the price of raw materials.
US Membrane Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.2 billion
Largest Segment
Polymer
Fastest Growth
Polymer
Growth Rate
8.70% CAGR
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Global Membrane Market is segmented by Material, Technology, Application, and Region. Based on Material, the market is segmented into Polymeric, Ceramic, Other Materials. Based on Technology, the market is segmented into Reverse Osmosis, Ultrafiltration, Microfiltration, Nanofiltration, Other Technologies. Based on Application, the market is segmented into Water & Wastewater Treatment, Industrial Processing. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Membrane Market Analysis by Technology
A substantial portion of income in 2021 came from reverse osmosis, which grew to be the most popular technology because of its broad use in commercial and residential applications. Reverse osmosis' expanding use as a thermal desalination process substitute is also anticipated to promote market expansion. In comparison to more conventional thermal desalination methods like Multistage Flash Distillation (MSF) and Multiple Effect Distillation, reverse osmosis technology has a significantly greater recovery rate (MED). As a result, the thermal desalination method is quickly being replaced by reverse osmosis technology in seawater desalination facilities all over the world.
Due to the increasing demand for Ultrapure Water (UPW) in the semiconductor and pharmaceutical sectors, the nanofiltration market is anticipated to expand significantly throughout the forecast period. Most organic pollutants in water and wastewater are eliminated using nanofiltration technology. They are employed in the extraction of caustic and waste acids from industrial effluents. Additionally, it may be used to remove dyes and colorants from wastewater produced by the leather- and textile-processing industries.
Membrane Market Analysis by Material
During the projected period, the polymeric category is anticipated to see the fastest CAGR growth of 9.5%.The section expected to grow the fastest throughout the projection period is polymeric. In 2019, it held the greatest market share for membranes. Advanced polymeric membranes with higher performance and increased efficiency have been created in response to the growing requirement for the development of filtering processes. The market is being driven by an increase in the usage of polymeric membranes for desalination and wastewater treatment made of polyethersulfone (PES), polysulfone (PSf), polyamide (PA), polyvinylidene fluoride (PVDF), and polyacrylonitrile. The usage of polymeric membranes has increased in response to the requirement for virus reduction in water.
Membrane Market Analysis by Application
With a market value of USD 3.34 billion in 2021, the water & wastewater treatment sector led the industry in terms of revenue. In 2021, the market for membranes was dominated by the water and wastewater treatment sector. Throughout the projection period, it is anticipated to be the fastest growing segment. The use of membrane technology in wastewater treatment has increased due to rising water pollution brought on by industrial and agricultural activities. The need for membrane technology has increased as a result of the limited supply of freshwater resources and the growing need to enhance water quality. The usage of membrane technology in the industrial sector is growing as more modern methods for wastewater treatment, such as reverse osmosis, ion exchange, and adsorption are being used. The usage of membrane technology in the industrial sector is growing as more modern methods for wastewater treatment, such as reverse osmosis, ion exchange, and adsorption, are being used. The membrane market is influenced by the growing need for improvements in wastewater treatment procedures so that treated wastewater may be reused for household, industrial, and agricultural reasons. The regulatory agencies' strict rules for water and wastewater treatment involving discharge or reuse are also increasing demand for membrane technology.
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Due to its high CAGR, rising demand for expanding industries, and the potential for future opportunities, particularly in developing nations like Japan, India, and China. Asia Pacific has the largest global membrane market share in 2021 and is anticipated to grow at the fastest rate during the forecast period. Major end-use sectors such water treatment, food and beverage production, pharmaceuticals, and power generation are expanding, which may be linked to the market expansion. In addition, strong government restrictions in the area and growing public concern about water quality are projected to increase demand for membranes.
Following Asia Pacific in terms of market value is North America, followed by Europe. Because of geographical advantages including easy access to resources and inexpensive labor, the global market is increasingly concentrated in Asia Pacific, rendering North America and Europe slow-growth regions.
Due to their location in low-income emerging nations and the contribution of these nations' low GDPs, the Middle East and Africa and Latin America areas have less opportunities for industrial expansion. The Membranes market is therefore growing slowly in these regions. Due to the region's growing urbanization and industrialisation, the Latin American market is projected to present enormous development potential.
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Membrane Market Driver
Demand for Pure Filtered Drinking Water will Drive Demand for Membrane
Membrane Market Restraint
Fluctuating Crude Oil Prices to Hamper Market Growth
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With several tier-1, tier-2, and unorganized firms competing in the industry, the global Membranes market is extremely fragmented. At both the local and international levels, the major players in the worldwide market have sizable production bases and cutting-edge manufacturing facilities. They are able to provide the product to a variety of end customers throughout the world faster thanks to this than small-scale producers, giving them an advantage in the global market. In order to create cutting-edge technologies and increase their production capacity to meet the expanding demands of end consumers throughout the world, manufacturers are also heavily involved in research and development efforts. In order to capture a significant portion of the global Membranes market, manufacturers are also forming long-term alliances with important stakeholders.
Membrane Market Top Player's Company Profiles
Membrane Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global membrane market analysis, increasing illness prevalence throughout the globe, advancements in the biotechnology, life science, and healthcare sectors, spike in demand for high-purity goods, and rise in medical membrane consumption are some of the major drivers propelling the worldwide medical membrane market. Additionally, due to an increase in the world's geriatric population and the prevalence of obesity, there have been rising incidences of end-stage renal disease and diabetes in recent years. As the world's population ages, the biotechnology, pharmaceutical, and healthcare sectors are expanding rapidly in emerging nations. Additionally, the expansion of the healthcare sector in developing nations is anticipated to offer prosperous chances for corporate expansion.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 613.6 Million |
Market size value in 2032 | USD 1178.42 Million |
Growth Rate | 8.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Membrane Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Membrane Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Membrane Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Membrane Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15E2341
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