Membranes Market Growth Projection to 2027

Market Synopsis

According to the MRFR analysis, the global membranes market size was valued at USD 5.8 billion in 2020 and is expected to reach USD 13.2 billion by the end of 2030 at a CAGR of 8.50%.

Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/10760

Membrane processes employ a barrier layer that allows water to permeate or pass through it but rejects or retards other components from going along with that filtrate. Molecules, ions, and other tiny particles are examples of such particles. There are various membrane technologies available that include RO membrane, ultrafiltration, microfiltration, nanofiltration, and others depending on the size of the pore and particulate matters.

Membrane systems are becoming more popular for producing highly purified water for a variety of applications because they help to remove all small and large ions, colloids, organics, bacteria, and pyrogens from the feed water. Increased demand for membrane chemicals to remove impurities collected on the surface of membranes during operation and improve membrane performance is likely to follow the surge in demand for membrane systems. However, the market's growth is hampered by factors such as volatile raw material prices, high capital costs, and strict environmental policies. Nonetheless, a surge in water requirement on account of increasing oil & gas production and extraction activities in emerging economies such as India, China, Thailand, Malaysia, and Indonesia to meet the rising demand for petroleum products, fuel, and energy in numerous applications is likely to increase in a number of desalination plants. Furthermore, the increasing installation of desalination plants, particularly in the Middle East, has provided profitable opportunities for global membranes market players.

Competitive Landscape

The global membranes market is highly fragmented with the presence of numerous global, regional, and numerous unorganized players. Some of the prominent players in the global membranes market include Dupont (US), Toray Industries (Japan), Hydranautics ( A Nitto Group Company) (China), Koch Separation Solutions (US), Pentair (US), Asahi Kasei Corporation (Japan), Lanxess (Germany), LG Chem (South Korea), Pall Corporation (US), and Suez (France), amongst others. To acquire a competitive advantage over other players, manufacturers primarily focus on expanding manufacturing facilities, acquisitions, joint ventures, and relationships with important stakeholders. In order to capture a larger portion of the global market, companies are increasingly focused on strategic alliances with stakeholders, innovative product development, and capacity expansion.

COVID-19 Analysis

COVID-19 has had a negative impact on overall chemical production, severely impacting the production of membranes mainly due to the disruption in the supply chain across the globe. This is because of the global lockdown and restriction in traveling to limit the spread of the coronavirus. The pandemic has hampered the production of membranes, impacting various businesses, including petrochemicals, food & beverage, pharmaceuticals, textiles, paper & pulp, and others. The pandemic has affected global operations of different industries, including food & beverage, textiles, chemicals & petrolchemical, as well as pharmaceuticals limiting the demand of membranes. Because membranes are widely employed in various industries, the decline in their operations has a direct impact on the supply of membranes market growth. However, as these end-use industries comes under essential services, the demand for membranes has not witnessed a notable change. In addition to this, procurement of raw materials was also a major hindrance as most raw materials suppliers in the market had to shut down their operating facilities due to the outbreak of COVID-19. The shutdown of various raw material producers and membranes manufacturers has led to a decline in global consumption. In addition to this, the imposition of various fiscal and monetary policies across the globe to limit the damage caused by COVID -19 by the governments and managements is expected to result in some relief.

Speak to analyst: https://www.marketresearchfuture.com/ask_for_schedule_call/10760

Segmentation

By Material

This segment is further segmented into polymer, ceramic, and others.
Polymer segment accounted for the largest market share and is projected to witness the fastest growth over the forecast period. This is mainly attributed to the high performance, excellent efficiency, and specific separation properties provided by polymeric membranes.
Ceramics witnessed significant growth throughout the forecast period owing to the environmentally friendly nature and a long working life.
Other materials include zeolite, metal, and hybrid.

By Technology

This segment is further segmented into reverse osmosis (RO), ultrafiltration (UF), microfiltration (MF), nanofiltration (NF), and others.
Reverse osmosis has witnessed a healthy growth over the forecast period. RO membrane are used to remove the hard salts, iron, minerals, colloidal, bacteria, and other microorganisms.
Ultrafiltration membrane pore sizes fall between nanofiltration and microfiltration, with pore sizes ranging from 0.01 to 0.1m.
Microfiltration membranes can separate large suspended solids with pore sizes ranging from 0.1 to 10m.
Nanofiltration has witnessed the fastets growth throughout the forecast period. It is a separation method that uses organic, thin-film composite membranes with pore sizes ranging from 0.1 to 10 nanometers.
Other technologies include pervaporation, dialysis & electrodialysis, forward osmosis, membrane distillation, ion exchange, and chromatography membranes.

By Application

This segment is further segmented into water & wastewater treatment and industrial processing.
The water & wastewater treatment include desalination, utility water treatment, and waste water treatment. Rising urbanization and water demand globally has driven the demand for this segment.
Industrial processing include food & beverage, chemical & petrochemicals, textiles, inks & dyes, power, pharmaceuticals, and paper & pulp, amongst others. Stringent regulations on industrial water discharge has led to the growth of this segment.

Access full report @ https://www.marketresearchfuture.com/reports/membranes-market-10760

By Region

North America: North America accounted for the second-largest share in the global market due to large production bases of membranes producers, availabilty of raw materials, and the presence of advanced manufacturing technologies.
Europe: Europe recorded stagnant growth in the global market owing to stringent government regulation against wastewater discharge.
Asia-Pacific: Asia-Pacific accounted for the largest market share and is projected to witness the fastest growth in the market. This is mainly credited to the growing major end-use industries such as water treatment, food and beverage, pharmaceutical, and power generation, and the wide presence of key producers in the region.
Latin America: The Latin America market is likely to create vast growth opportunities due to the rise in urbanization and industrialization in the region.
Middle East & Africa: The Middle East & Africa is expected to witness profitable growth due to the increasing number of desalination plants to meet the growing water requirement in the region.

Browse Related Reports:

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com