USD 1177.42 Million
Report ID:
SQMIG25AH2009 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
70
Global Nonwoven Industrial Membrane Market size was valued at USD 1177.42 Million in 2022 and is poised to grow from USD 1245.71 Million in 2023 to USD 1955.70 Million by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
The rising global need for efficient wastewater treatment solutions is poised to propel substantial growth in the nonwoven industrial membrane market. Nonwoven industrial membranes find extensive application in processes such as reverse osmosis, ultrafiltration, and microfiltration, primarily for water treatment and purification purposes. The demand for these innovative membranes is on the rise, facilitating the removal of impurities, contaminants, and pollutants from water sources as environmental concerns and water scarcity issues continue to gain prominence.
A rising global population, the swift pace of urbanization, and the steady march of industrialization constitute pivotal drivers behind the rising demand for effective wastewater treatment solutions. This surge in demand is playing a significant role in propelling the growth of the nonwoven industrial membrane market.
Global Market Size
USD 1177.42 Million
Largest Segment
Spiral wound
Fastest Growth
Plate & frame
Growth Rate
5.8% CAGR
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The global nonwoven industrial membrane market is segmented into three major segments i.e. by module, application and region. Based on module the market is segmented as, plate & frame, spiral wound, hollow fiber, tubular. Based on application the market is segmented as, wastewater treatment, food & beverage, chemical & biochemical, pharmaceutical, others. Based on regional the market is segmented as, North America, Asia Pacific, Latin America, Middle East & Africa (MEA).
Analysis by Module
Spiral wound nonwoven industrial membranes emerged as the dominant factor in the market, capturing the largest revenue share, exceeding 40.0% in 2022. This dominance can be attributed to their versatility and wide-ranging applications across multiple industries. These membrane modules have gained significant acceptance in sectors such as pharmaceuticals, food & beverage, and the dairy industry, where they play a crucial role in processes such as purification and recovery.
Plate and frame modules, which were among the earliest forms of nonwoven industrial membranes, accounted for a substantial revenue share, exceeding 20.0% in the nonwoven industrial membrane market. However, their significance has diminished over time due to their relatively high production and maintenance costs. As a result, these plate and frame modules have undergone replacement with more cost-effective and efficient alternatives, primarily the spiral wound modules, across a majority of applications.
Analysis by Application
The pharmaceutical sector emerged as the frontrunner in the nonwoven industrial membrane market, commanding a substantial share of over 38.0% in global revenue. This prominent position can be attributed to the rising adoption of nonwoven industrial membranes in various pharmaceutical production processes.
The food and beverage industry demonstrated its financial significance by contributing a substantial revenue share of USD 156.8 million to the market. This contribution is expected to be indicative of a consistent growth trajectory in the industry. The prevailing trend of organic farming has raised heightened concerns regarding food safety and sustainability.
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Asia Pacific emerged as the dominant force in the nonwoven industrial membrane market, capturing a substantial 38.0% share of the global revenue. This remarkable share can be attributed to the prolific production of nonwoven materials in countries such as India and China. The primary driving factors behind this phenomenon are the cost-effective labor force and easy access to raw materials, making it an economically viable choice for manufacturers.
The North America region for nonwoven industrial membrane market is set to experience growth driven by technological advancements in the filtration sector anticipated to gain momentum in the coming years. The region is witnessing an increasing adoption of industrial membranes with a particular focus on wastewater treatment and the pharmaceutical industry. This trend is attributed to the notable health and safety benefits offered by nonwoven industrial membranes when compared to other alternatives.
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Drivers
Rising Demand in Manufacturing Sectors
Restraints
High Initial Costs and Limited Lifespan
The establishment of nonwoven industrial membrane filtration systems often demands a significant capital investment, which can act as a deterrent for potential users, particularly in smaller industries. These substantial upfront costs encompass equipment acquisition, installation, and infrastructure development, all of which can strain the financial resources of smaller businesses. As a result, some smaller industry players may be hesitant to embrace this advanced technology, instead opting for more cost-effective filtration solutions to manage their budget constraints.
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The competitive environment of the Nonwoven Industrial Membrane market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Nonwoven Industrial Membrane Market.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global nonwoven industrial membrane market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The nonwoven industrial membranes market is experiencing significant growth due to two key driving factors. Firstly, the stringent environmental regulations and standards implemented globally are compelling various industries to adopt nonwoven industrial membranes for wastewater treatment and emissions control. These membranes play a pivotal role in helping companies meet compliance requirements, ensuring responsible and sustainable operations. Secondly, rising concerns about water scarcity have spurred an increased demand for nonwoven industrial membranes, especially in water treatment and desalination applications.
Additionally, nonwoven industrial membranes contend with competition from alternative filtration and separation technologies such as ceramic and polymeric membranes, which can affect their market share. These alternatives offer unique advantages and may be preferred in certain applications, challenging the dominance of nonwoven industrial membranes. Additionally, the market is sensitive to fluctuations in the prices of raw materials utilized in nonwoven membrane production.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1177.42 Million |
Market size value in 2031 | USD 1955.70 Million |
Growth Rate | 5.8% |
Forecast period | 2024-2031 |
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 Nonwoven Industrial 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 Nonwoven Industrial 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 Nonwoven Industrial Membrane Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nonwoven Industrial 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: SQMIG25AH2009
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