The membrane separation technology market is projected to grow from USD 18.55 Billion in 2016 to USD 28.10 Billion by 2022, at a CAGR of 7.2%. This market is mainly driven by the water & wastewater treatment, medical & pharmaceutical, food & beverages, and industrial processing sectors. Growing pharmaceutical and industrial development in North America and Asia-Pacific are driving the growth of this market.
Key players in the membrane separation technology market are The Dow Chemical Company (U.S.), The 3M Company (U.S.), GE Water & Process Technologies (U.S.), Toray Industries (Japan), Merck Millipore (Germany), Asahi Kasei Corporation (Japan), Hydranautics (U.S.), Danaher Corporation (U.S.), Pentair plc (U.K.), and Koch Membrane Systems Inc. (U.S.).
- Increasing awareness regarding water & wastewater treatment
- Requirement for selective separation technology for meeting water quality standards
- Stringent regulatory and sustainability policies concerning the environment
- Growth in the biopharmaceutical industry
- Benefit of low operating power and capable of working in harsh environments
Increasing awareness regarding water & wastewater treatment
Water is a basic necessity for human existence and industrial development. Increasing population and expansion of industries increases the demand for water, which in turn, increases the need for membranes in water & wastewater treatment applications. Moreover, increasing concerns regarding wastewater discharge and drinking water quality is also driving the market, globally.
The scarcity of pure water has provided opportunities for use of membranes in brackish water purification. High purity standards and stringent regulations regarding drinking water and industrial wastewater discharge are leading to increased water and wastewater treatment activities that use RO, UF, and MF membranes on a large scale. In the U.S., it is mandated by the law that citizens should be given clean and abundant water. The EU’s bathing water standards policy have rules for safeguarding public health with clean bathing water and so on. All these policies are set to increase water & wastewater treatment processes across the world. This is driving the growth of the global market.
Reverse Osmosis: The largest used technology segment
Various technologies are being used in the membrane separation technology market, including reverse osmosis, micro filtration, ultrafiltration, and nanofiltration, among others. Among these, in 2016, the RO technology is estimated to have accounted for the largest market share due to its cost-effective and energy-efficient characteristics. RO desalination has also become a more reliable option with advancements in technology, and is widely used in the desalination of seawater and brackish water. Nanofiltration (NF) is the fastest-growing technology in the market due to its ability to separate particles upto 0.002 ìm.
Asia-Pacific: The fastest growing market for membrane separation technology
The Asia-Pacific region is the fastest growing market for membrane separation technology. Factors driving market in the Asia-Pacific region are:
- Growing demand from applications such as water & waste water treatment, medical & pharmaceutical, and food & beverages in major countries such as China and India
- Increasing investments in the in the region
Critical questions the report answers:
- What are the upcoming hot bets for
membrane separation technology market ?
- How market dynamics is changing for different types of technology in different applications?