Membrane Separation Technology - Global Market Outlook (2021-2028)

Membrane Separation Technology - Global Market Outlook (2021-2028)

According to Stratistics MRC, the Global Membrane Separation Technology Market is accounted for $23.78 billion in 2021 and is expected to reach $51.72 billion by 2028 growing at a CAGR of 10.2% during the forecast period. Membrane separation technology is a most common techniques used to separate and purify a specific component from the rest of the mixture. It is a thin layer of substance with specific absorption functions used for concentrating, purification and isolation. This technique facilitates the re-use of wastewater by a number of industries and reduces the sewage footprint from freshwater resources. The filtering layer comprises of natural or inorganic raw materials. It does not need heat for the process to be performed, which is how it helps save energy.

Market Dynamics:

Driver:

Increasing Awareness Regarding Water & Wastewater Treatment

Water is a basic necessity for human existence and industrial development. The increasing population and expansion of industries increase the demand for water, which in turn, increases the need for membranes in water & wastewater treatment applications. Furthermore, growing concerns regarding wastewater discharge and drinking water quality are also driving the market, globally. The scarcity of pure water has provided opportunities for use of membranes in brackish water purification. High purity standards and stringent regulations regarding drinking water and industrial wastewater discharge are leading to increased water and wastewater treatment activities that use RO, UF, and MF membranes on a large scale. In the U.S., it is mandated by the law that citizens should be given clean and abundant water. The EU’s bathing water standards policy has rules for safeguarding public health with clean bathing water and so on. All these policies are set to increase water & wastewater treatment processes across the world. This is driving the growth of the global membrane separation technology market.

Restraint:

High Cost

The High costs associated with technology usage, the high price of equipment, the shift of the end-use market from developed countries to emerging countries and the rising cost of production hinder the growth of the market, globally.

Opportunity:

Extensive Range of Use in Pharmaceutical

Membranes find extensive applications in the biopharmaceutical industry as their products and their intermediates are inclined to degradation owing to heat and chemical treatment, making it difficult to separate those using alternative technologies. Other medical applications of membranes involve artificial kidneys transplant, blood oxygenators, and controlled release drug delivery systems. Microfiltration membranes are extensively used for producing injectable drug solutions. The market for pharmaceuticals is expected to continue to grow at a relatively high rate in the upcoming years, providing a large market for manufacturers of microfiltration membranes thus creating ample opportunities for the market.

Threat:

Short lifespans of membranes

RO membranes treating water with zero hardness could last for at least three to five years. (Biological fouling would be another concern.) The membranes treating very hard water could last for less than six months to one year. Short lifespans of membranes are a major threat to the growth of the market, globally.

Reverse osmosis segment is expected to be the largest during the forecast period

The membranes used for the Reverse Osmosis (RO) separation technologies are usually characterized by a pore of less than one nm and are used for the production of ultrapure water, landfill leachates treatment, and seawater desalination. The reverse osmosis process exhibits a noticeably higher recovery rate than the traditional thermal desalination processes such as Multistage Flash Distillation (MSF) and Multiple Effect Distillation (MED). Therefore, reverse osmosis technology is rapidly replacing the thermal desalination process in saltwater desalination plants across the world.

The water and wastewater treatment segment is expected to have the highest CAGR during the forecast period

Rising restrictions on the discharge of untreated wastewater are expected to have a positive impact on market growth. Various governments and regulatory agencies have issued multiple regulations and mandates concerning water treatment and disposal to safeguard the environment. Strict enforcement of these regulations is prompting industries to adopt environment-friendly wastewater treatment processes, thereby influencing the market growth.

Region with highest share:

The Asia Pacific is projected to hold the highest market share; due to rising water pollution and growing environmental concerns motivated by the growth of industries such as mining, chemicals, and metal processing industries. The government of China launched the ‘Water Pollution Prevention and Control Action Plan’ in 2015 to prevent heavily polluting sectors such as chemicals and pulp and paper from contaminating water sources. The execution of this action plan is predictable to promote wastewater treatment, thereby, driving the demand for the market in China. Furthermore, Asia-Pacific is the largest Membrane Separation Technology Market. This province leads the Market owing to increasing water pollution and growing environmental concerns. Factors such as the wide usage of membrane separation technology in water & wastewater treatment, medical & pharmaceutical, and chemical processing sectors are further driving the growth of the market in this province.

Region with highest CAGR:

North America is projected to have the highest CAGR, owing to increasing government initiatives to inspire sustainable development. Additionally, strict government regulations to control wastewater disposal from municipal sources are also predictable to boost the market growth. The pharmaceutical industry in North America is expected to witness exponential growth, owing to various research and development activities related to healthcare products. The implementation of regulatory norms for the discharge of pharmaceutical effluents is anticipated to boost the overall market growth over the forecast period.

Key players in the market:

Some of the key players profiled in the Membrane Separation Technology Market include Asahi Kasei Corporation, Axeon Water Technologies, Corning Inc, GE Water & Process Technologies, GEA Filtration, Hyflux Ltd, Inge GmbH, Koch Membranes Systems Inc, Merck Millipore, Nitto Denko Corporation (Hydranautics), Pall Corporation, Pentair PLC, The 3M Company, The DOW Chemical Company and Toray Industries Inc.

Key developments:

In April 2021: Koch Separation Solutions is set to expand the manufacturing capacity of its PURON reinforced hollow fibre membrane technology by 50%. The company noted that the expansion reflects its considerable growth and increased capability to serve businesses that use its hollow fibre membrane technologies for industrial and municipal water and wastewater treatment needs.

In June 2021: Toray Industries Inc. (Tokyo, Japan) launched a carbon dioxide (CO2) separation membrane with a dual all-carbon-fiber structure. This comprises a hollow/porous carbon fiber as a support and a thin carbon fiber membrane separation layer on the surface.

In April 2019: Dow announced that it had successfully completed its separation from DowDuPont, becoming a more focused, streamlined, and leading materials science company. Dow launches with global scale and leading positions in three attractive consumer-driven segments: packaging, infrastructure, and consumer care.

Type of Materials Covered:
Non-Polymeric Membranes
Polymeric Membranes

Technology’s Covered:
Micro Filtration (MF)
Nano Filtration (NF)
Reverse Osmosis (RO)
Ultra Filtration (UF)

Applications Covered:
Industrial Gas Processing
Industry Processing
Food & Beverage
Water & Wastewater Treatment
Medical & Pharmaceutical

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances