Membranes Market

Membranes Market was valued at USD 6.1 billion in 2021 and is forecast to touch USD 12.2 billion in 2029, and the market is expected to grow at a CAGR of 9.0% from 2022-2029.

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Market Dynamic

Key Drivers and Emerging Trends

One of the biggest factors that is contributing to the growth of the global membranes market size includes the growing requirement for water purification. This factor, along with the growing scarcity of fresh drinking water, is further supporting the market growth. The desalination plants are helping individuals and countries to cope up with the shortage of water resources. For example, in the region including the Middle East and Africa, people are dependent on desalination plants for many activities such as farming, industrial, and daily needs. The increasing population has further surged the water crisis.

The growing water pollution due to the rising human activities is further responsible for the market growth over the coming years. The increasing environmental concerns have motivated lawmakers to launch stringent industry rules and policies to reduce water pollution. Various industries are increasingly using membrane-based technology to decrease the severity and level of pollutants in their discharge streams to comply with the norms. This is further propelling the market growth over the coming years.

Restraint in the Membranes Market

On the other hand, the fouling results in frequent replacements of the membrane, thus negatively impacting its adoption. The fouling of the membrane is a major problem and has impacted its operation. It reduced its efficiency and flux, which leads to increased energy consumption and spoilage of water.

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Material – Segment Analysis

Based on the material, the polymeric segment is projected to grow at a higher CAR during the forecast period. The polymer segment is referred to as a group of polymers that has better and efficient mechanical properties to sustain the membrane filtration. The growing awareness related to the various benefits offered by polymeric membranes, such as high cost-effectiveness, offers good selectivity for various applications, including beverage processing, chemical processing, and others, is a major factor that is surging the growth of the market. In addition to this, the excellent performance, higher efficiency, and various separation features are further responsible for the market growth.

Technology – Segment Analysis

Based on the technology, the NF technology is expected to witness a faster CAGR during the forecast period. The increasing use of NF membrane owing to its ability to permeate monovalent ions is contributing to the market growth over the forecast period. The more flexibility for ion separation and permeation offered by this membrane gives more advantages in industrial applications. Moreover, the rising usage of these membranes for water treatment offers lower discharge volumes than RO, decreases heavy metal, salt, and other nitrate contents. The outstanding selectivity properties offered by NF membrane, along with the growing industrialization and rising rate of population, are further supporting the segment growth.

Application – Segment Analysis

Based on the application, the water and wastewater treatment segment is expected to grow at a higher CAGR during the forecast period. The depletion of water resources has increased the usage of membrane purification technologies for supplying and fulfilling the requirements of potable water. This is a major factor that is boosting the growth of the market in the coming years.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific is anticipated to grow at a higher CAGR during the forecast period. This is attributed to the growing demand for physical treatment of water in countries including China, India, Malaysia, and Thailand. Moreover, there has been an increase in the number of desalination projects. In India, there are already two desalination plants located in Chennai with an overall capacity of 100 million litres per day. In 2019, the government announced to establish a third plant for 150 MLD capacity and is expected to start its operations in 2021.

Top Market Players

Various notable players operating in the market include TORAY INDUSTRIES, INC., DuPont, SUEZ worldwide, KOCH ENGINERRED SOLUTIONS COMPANY, Pentair, TOYOBO CO., LTD., Hydranautics – A Nitto Group Company, Pall Corporation, Seccua GmBH, Syner Filtration, among others. 

Key Developments:

• • In 2019, DuPont acquired Evoqua Water Technologies, a manufacturer of PVDF membrane and MBR. Through this acquisition, DuPont entered into a membrane business with the spin-off Dow-DuPont in 2019.

Segments covered in the Report:

The global Membranes market has been segmented on the basis of Technology, Application, Material, and regions. Based on Technology, the market is segmented into Reverse Osmosis (RO), Ultrafiltration (UF), Microfiltration (MF), Nanofiltration (NF), and Others. Based on Application, the market is segmented into Water & Wastewaters treatment and Industrial Processing. Based on Material, the market is segmented into Polymeric, Ceramic, and Others. 

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Key questions answered in this research report:

• • At what pace is global Membranes market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Membranes market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Membranes market?
  • Which Technology generated maximum revenues in 2021 and identify the most promising Technology during the forecast period?
  • What are the various Application areas of global Membranes market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Membranes Market by Technology

• • Reverse Osmosis (RO)
  • Ultrafiltration (UF)
  • Microfiltration (MF)
  • Nanofiltration (NF)
  • Others

Global Membranes Market by Application

• • Water & Wastewaters treatment
  • Industrial Processing

Global Membranes Market by Material

• • Polymeric
  • Ceramic
  • Others

Global Membranes Market by Region

• • North America Membranes Market (Option 1: As a part of the free 25% customization)
    • By Technology
    • By Application
    • By Material
    • US Market All-Up
    • Canada Market All-Up
  • Europe Membranes Market (Option 2: As a part of the free 25% customization)
    • By Technology
    • By Application
    • By Material
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Membranes Market (Option 3: As a part of the free 25% customization)
    • By Technology
    • By Application
    • By Material
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Membranes Market (Option 4: As a part of the free 25% customization)
    • By Technology
    • By Application
    • By Material
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Membranes (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • TORAY INDUSTRIES, INC.
  • DuPont
  • SUEZ worldwide
  • KOCH ENGINERRED SOLUTIONS COMPANY
  • Pentair
  • TOYOBO CO., LTD.
  • Hydranautics – A Nitto Group Company
  • Pall Corporation
  • Seccua GmBH
  • Syner Filtration