The global Global Membrane Separation Market is projected to reach around US$ 24.3 Bn by the end of 2030, in terms of revenue, growing at a CAGR of 8% during the forecast period (2023-2030).
Global Membrane Separation Market: Growth Drivers
Growing demand for membrane separation from the municipal industry is expected to drive the market growth. The municipal industry utilizes membrane separation for treating wastewater and supplying it to the public water system for use. Moreover, growth in the urban population is another major factor fueling the demand for municipal water, in turn, propelling the market growth of membrane separation
Rising cases of waterborne disease around the globe are expected to fuel the demand for membrane separation over the forecast period. According to WHO, in March 2022 an estimated 829,000 people die each year from diarrhea related to unsafe drinking water, unsafe sanitation, and hand hygiene. But diarrhea is largely preventable, and if these risk factors could be addressed, 297,000 children under-five deaths could be avoided each year.
Global Membrane Separation Market: Restraints
The high installation and operational cost of the membrane separation are projected to restrict the use of the technology. Moreover, a lack of awareness regarding the benefits of this technology across the developing region of rural areas is also expected to hamper the market growth. Fluctuating prices of raw materials used in the production of membrane separation are expected to hamper the market growth over the forecast period.
Membrane Separation Market Report Coverage
|Market Size in 2023:
|US$ 14.2 Bn
|Historical Data for:
|2017 to 2021
|2023 to 2030
|Forecast Period 2023 to 2030 CAGR:
|2030 Value Projection:
|US$ 24.3 Bn
|Restraints & Challenges:
Product innovation by key players is one of the major business strategies in the market expected to increase the market growth of membrane separation. For instance, in January 2023, Koch Separation Solutions (KSS) partnered with Aqana Koch Separation Solutions transforms the landscape of separations by developing and leveraging synergistic technology such as membrane filtration, ion exchange, evaporation, drying, and more. to bring anaerobic wastewater treatment technology to industrial customers in North America. By combining Aqana and KSS experience, consumers can leverage the benefits of Moving Bed Biofilm Reactors (MBBR), Membrane Bioreactors (MBR), and Reverse Osmosis (RO) to meet a variety of industrial wastewater treatment challenges.
In May 2022, Sartorius AG, a pharmaceutical and laboratory equipment supplier company, expanded its global production capacity with the expansion of its manufacturing site in Tunisia. Enabling the Germany-based company to increase the production of fluid management technologies.
In 2022, Molnlycke, a global leader in medical products and solutions, will launch two historic products. Partnership with Veolia and Engie, global sustainability solution providers. to meet the company aims to meet market demand and build a sustainable healthcare manufacturing ecosystem. Providing best-in-class, energy-efficient wastewater treatment systems
In August 2022, 3M Company, a conglomerate company, announced the debut of 3M VHB Extrudable Tape, a new manufacturing bonding solution that is elevated levels of automation, simplicity, and sustainability across industries. This end-to-end bonding solution combines all the benefits of 3M VHB Tapes with the versatility of a liquid adhesive in a single contained footprint enabling usage on any scale.
Figure 1: Global Membrane Separation Market Share (%) in terms of Value, By Region, in 2022
Europe region dominated the global Membrane Separation Market in 2022, accounting for a 35% share in terms of value, followed by Asia Pacific and North America, respectively.
Global Membrane Separation Market: Market Segmentation
Figure 2: Global Membrane Separation Market Market: By Technology
On the basis of Technology in 2022, the microfiltration segment has accounted for the largest market share of 33% in terms of value
Global Membrane Separation Market Market: Key Companies
Key Companies are Sartorius AG, 3M Company, Koch Membrane Systems Inc., TriSep Corporation, The Dow Chemical Company, GE Water & Process Technologies, IDE Technologies, Evoqua Water Technologies LLC, Pentair X-Flow, Pall Corporation, Polypore International, Inc., Asahi Kasei Corporation, Hyflux, and Kubota
Definition: In membrane separation processes, membranes act as selective barriers, allowing some components to pass relatively freely while others are retained. The function of the membrane in a membrane contactor is to provide an interface between the two phases, not to control the rate of permeate passing through the membrane. The methods for membrane separation are microfiltration, ultrafiltration, nanofiltration, and reverse osmosis.
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