Press release
Membranes Market is projected to grow at 9.0% CAGR during 2022-2029, reaching USD 12.2 Billion | Size, Share & Forecast
Membranes Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/membranes-market-analysis-industry-research/
The factors driving the growth of Membranes Market includes rising concerns related to water scarcity, Government regulations to reduce water pollution, increasing aquatic population around the world, development of salination plants for irrigation purposes and improvements in the living standards. As per the report published by World Wildlife Fund (WWF), around 1.1 billion people globally have limited access to water and 2.4 billion people are exposed to diseases, such as cholera, typhoid fever, and other water-borne illnesses, which is pushing the demand for membranes across the globe. Moreover, technological advancements in membranes, rise in the launch of innovative products, growing demand for water purifiers in the residential areas and rapid urbanization, are some of the additional factors supplementing the Membranes Market size. In addition, the increasing investments by major corporations on research and development, strategic mergers, and partnerships between key companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Membranes Market is hindered attributed to high cost of fouling in water production membrane system.
The prominent players operating in the market are Syner Filtration, KOCH ENGINERRED SOLUTIONS COMPANY, Pentair, TOYOBO CO., LTD., TORAY INDUSTRIES, INC., DuPont, SUEZ worldwide, Hydranautics - A Nitto Group Company, Pall Corporation and Seccua GmBH, among others.
Based on Technology, the Nanofiltration (NF) segment is predicted to expand at a significant CAGR during the forecast period
The Nanofiltration based membrane technology reduces heavy metal, salt, and other nitrate contents, along with its increasing application in water treatment, are some of the factors responsible for the segment's growth.
Based on Material, the Polymeric segment is projected to expand at a robust CAGR over the forecast period
As per the Membranes Market Global Forecast, increasing application of polymeric in beverage processing and chemical processing owing to its magnificent performance, are pushing growth of the segment.
Based on Region, the Asia-Pacific region is estimated to grow at a remarkable CAGR during the forecast period
Growing demand for water treatment solutions across China, India, and Malaysia, rise in the number of desalination projects, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Development
In 2019, DuPont completed the acquisition of Evoqua Water Technologies, a manufacturer of PVDF membrane and MBR. This acquisition helped DuPont to enter the membrane business with the spin-off Dow-DuPont in 2019.
Market Segmentation
Segmentation by Technology
Reverse Osmosis (RO)
Ultrafiltration (UF)
Microfiltration (MF)
Nanofiltration (NF)
Others
Segmentation by Application
Water & Wastewaters treatment
Industrial Processing
Segmentation by Material
Polymeric
Ceramic
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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