Membrane Market Size, Share, Growth Analysis, By Technology(Reverse Osmosis (RO), Ultrafiltration (UF), Microfiltration (MF), Nanofiltration (NF)), By Application(Water & Wastewater Treatment, Industrial Processing), By Material(Polymer, ceramic, other), By Region - Industry Forecast 2024-2031

Membrane Market size was valued at USD 564.81 million in 2019 and is poised to grow from USD 613.6 million in 2023 to USD 1086.1 million by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

With several tier-1, tier-2, and unorganized firms competing in the industry, the 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 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 Membranes market, manufacturers are also forming long-term alliances with important stakeholders. 'The Dow Chemical Company ', 'Asahi Kasei Corporation', 'BASF SE', 'DuPont de Nemours, Inc.', 'LG Chem', 'Toray Industries, Inc.', 'Suez Water Technologies and Solutions', 'Koch Industries', 'Merck Millipore', 'Hydranautics (A Nitto Group Company)', 'Pentair plc', 'Nitto Denko Corporation', 'Pall Corporation', 'Lanxess AG', 'Sartorius AG', 'GEA Group AG', '3M Company', 'Parker-Hannifin Corporation', 'ALFA LAVAL', 'Lenntech BV '

Since membrane systems help to remove all tiny and large ions, colloids, organics, bacteria, and pyrogens from the feed water, their usage is expanding to create highly purified water for a variety of purposes. To clean up impurities that have accumulated on membrane surfaces during use and enhance the function of the membranes, the rise in demand for membrane systems is projected to lead to an increase in demand for membrane chemicals.

The pharmaceutical and biomedical industries have seen remarkable technical improvement in recent years. They have a significant use in the industry, whether it is the recovery of valuable intermediate or substrate or lowering the concentration of effluent streams. The pharmaceutical business often uses nano filtration and pervaporation techniques to decrease the hazardous components in the effluent stream. Barrier films used in nano-filtration are often used to filter out microplastic, endocrine disruptors, BOD/COD, dyes, pigments, and other contaminants. The demand for the product is anticipated to increase as laws and regulations governing wastewater treatment and pre-treatment effluents become more stringent.

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 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.