Membrane Separation Systems Market to Touch a Revenue Valuation of US$61,801.9 Mn by the End of 2025
The global market for membrane separation systems is gaining from measures taken for water conservation and from adoption of technology for wastewater treatment for the essential commodity to last for successive generations. Municipal agencies and metropolitan planners in several countries are preparing for the impact in the event of water shortage which is an essential commodity. This is pushing the need for innovations in water treatment technologies, which in turn, is stoking demand for membrane separation systems.
Proving to be a roadblock to the growth of this market are high establishment and operational costs, insufficient lack in emerging economies, and availability of alternate technologies for water treatment.
As per a report by Transparency Market Research (TMR), the global membrane separation systems market is expected to rise at a CAGR of 9.3% between 2017 and 2025, for the market to touch a revenue valuation of US$61,801.9 mn by the end of 2025 from a value of US$28,134.4 mn in 2016.
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Saturation of Microfiltration Technology to Account for Diminished Share
The membrane separation systems market is studied on the basis of technology, application, material, and geography in this report. On the basis of technology, the global membrane separation systems market has been segmented into microfiltration, ultrafiltration, nanofiltration, reverse osmosis, chromatography, and ion exchange. Of them, microfiltration segment led the global membrane separation systems market in 2016 owing to their widespread use in the biopharmaceutical industry. Going forward, microfiltration segment is expected to display sluggish growth as the technology has been excessively used in developed countries such as the U.S. and Canada and newer filtration technologies for membrane separation systems have been introduced.
However, ultrafiltration segment is expected to rise at the leading CAGR during the forecast period as the technology is increasingly being adopted in food and beverages and in the vaccine production industry. The ultrafiltration segment accounts as the second leading revenue generator in the overall market. Reverse osmosis is expected to emerge as a significant segment in the global membrane separation systems market on account of its increasing demand in water and wastewater treatment and for the desalination of seawater.
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Based on application, the global membrane separation systems market is segmented into environmental, food and beverages, healthcare, and others. Among them, the environmental segment leads the market in terms of revenue. This is mainly because of extensive demand for membrane separation systems from water and waste water treatment industry, rising global population, scarcity of pure water, and rising interest for conservation of essential commodities such as water in developing economies of Asia Pacific. Urban population in East Asia which was reported to be 1.3 billion in 2016 is expanding at a rapid pace. Urban populace that account for almost three times more water and energy consumption than the rural populace is necessitating the adoption of technologies for water reuse to prevent water scarcity situations. Food and beverages is also expected to emerge as a key application segment as membrane separation technology is accepted by several regulatory bodies for its high reliability.
The key segments of the market, based on material include polyethersulfone, polysulfone, cellulose-based, polypropylene, nylon, polyvinyllidene fluoride, polyacrilonitrile, polytetrafluoroethylene, and polyvinyl chloride. The polyethersulfone segment holds the leading share in the overall market. The growth of the segment is driven by its extensive use in healthcare industry for production of monoclonal antibodies and vaccines, and due to its high reliability for protein separation processes.
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Introduction of Innovative Systems Makes Europe Leader
Geography-wise, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the regions into which the market is divided in this report. Of them, Europe held the commanding share in the membrane separation systems market in 2016.
Prominent companies operating in the global membrane separation systems market include The Dow Chemical Company, Koch Membrane Systems, Pall Corporations, Sartorius AG, 3M, Amazon Filters, Advantec MFS Inc., GE Healthcare, Merck Millipore, Novasep, and TriSep Corporation.
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