Covina, United States: Global Membrane Market, By Material (Polymeric, Ceramic, and Others (Zeolite, Metal, and Hybrid)), By Technology (RO, UF, MF, NF, and Others (Pervaporation, Dialysis & Electrodialysis, Forward Osmosis, Membrane Distillation, Ion Exchange, and Chromatography Membranes)), By Application (Water & Wastewater Treatment, and Industrial Processing), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029
Membrane Market Outlook
- Market Value 2019: US$ 5.4 Bn
- Market Value Estimation 2029: US$ 12.3 Bn
- CAGR: 8.7%
A membrane acts as a selective barrier, letting certain items past but blocking others. These little particles could be molecules, ions, or another type. The exterior coverings of cells or organelles known as cell membranes, nuclear membranes, which protect the cell nucleus, and tissue membranes like mucosae and serosae are all examples of biological membranes. Humans create synthetic membranes for use in industry and laboratories (such as chemical plants). In reverse osmosis and membrane filtration of solutes, membranes are utilised in conjunction with pressure as the driving process.
Top News relating to Industry, Innovation:
- In September 2019, DuPont Safety & Construction (DuPont) announced that it has signed an agreement to acquire the Ultrafiltration Membrane business from BASF including inge GmbH. The transaction, including the business’ international workforce, its headquarters and production site in Greifenberg, Germany.
- In October 2019, DuPont acquired Evoqua Water Technologies, a reputed provider of cost-effective water treatment systems, based in Pittsburgh. The company acquired the latter’s business line named MEMCOR.
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Key Segmentation of the Membrane market:
The global membrane market accounted for US$5.4 Billion in 2019 and is estimated to be US$12.3 Billion by 2029 and is anticipated to register a CAGR of 8.7%. The market report has been segmented on the basis of material, technology, application, and region.
- By material, polymeric membranes are cost-effective, provide good selectivity for a wide range of applications such as beverage processing, feed water production, chemical processing, and others, and are easy to process and operate. The high performance, excellent efficiency, and specific separation properties provided by polymeric membranes are responsible for the broad market size in this segment.
- By technology, the NF segment is projected to register the highest CAGR between 2019 and 2024. The use of NF membranes is increasing due to their ability to permeate monovalent ions, while rejecting divalent and multivalent ions. The flexibility for ion separation and permeation provided by these membranes offer significant advantages in industrial applications. Also, the use of these membranes for water treatment provides lower discharge volumes than RO, reduces heavy metal, salt, and nitrate contents.
- By application, the water & wastewater treatment segment is projected to capture the largest share in the membranes market. Membranes are used in water & wastewater treatment for desalination, sewage water treatment, and industrial water treatment. Accelerated urbanization, rapid industrialization, and expansion of municipal water facilities, globally are driving the membranes market in water & wastewater treatment applications.
- By region, APAC has immense growth potential driven by the increasing demand for physical treatment of water. APAC consists of some large and rapidly growing economies, such as China, India, Indonesia, Malaysia, Vietnam, and Thailand.
The Membrane Market Report mentions the following promising regions:
- North America – U.S., Canada
- Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America – Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
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Top-tier significant players:
The prominent player operating in the global Membrane market includes Dupont, Toray, SUEZ, Koch Separation Solutions, TOYOBA, Hydranautics – A Nitto Group Company, Ball Corporation, Seccua Gmbh, Synder Filtration, and Pentair.
Premium Report offers:
- Assessments of market share for the regional and national segments
- A description of the business, including its goals, finances, and most recent advancements.
- In addition to a comprehensive analysis of market share, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated via Porter’s five forces study.
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