Global Membrane Separation Market is estimated to be valued at US$ 12 Billion in 2021, according to the Global Membrane Separation Market Report, by Technology (Microfiltration, Ultrafiltration, Nanofiltration, Reverse osmosis), by Application (Water & Wastewater, Industrial, Healthcare, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa), published by Coherent Market Insights.

Global membrane separation market was valued at US$ 12 Billion in 2021. Membrane separation market is expected to register a CAGR of 5.7% over the forecast period (2022–2030), to reach US$ 19.8 Billion by 2030. Membrane separation is used to filter and purify the wastewater and make it drinkable and reuse. This technology composed of thin layer material with selective penetrations functions. It is highly permeable, stable, and has high porosity that increases the effectiveness of the technology. Membrane separation technology allows various industries to reuse the wastewater and reduce the environmental impact. Moreover, membrane separation consumes low energy, are easy to install and offer gentle product treatment. Membrane separations are produced from usually made up of polyvinyl chloride, polysulfone, and polyvinylidene fluoride.

The COVID-19 outburst across the globe severely impacted the membrane separation market of major players. Key players functioning in the market are adopting new strategies in order to mitigate the impact of the COVID-19 pandemic. Mining industries across the globe are expected to function normally by second half of the year as enterprises are focusing on returning back to operations. This scenario is expected to continue with the extension of lockdowns in various countries across the globe in in response to the COVID-19 pandemic.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/membrane-separation-market-3886

Browse 50 market data tables* and 40 figures* on "Global Membrane Separation Market” - Forecast to 2030.

Key Trends and Analysis of the Global Membrane Separation Market:

  • Growing application of membrane separation across pharmaceutical and medical applications for separating fluids and particles in suspension is expected to accelerate the market growth. Moreover, growing water pollution and environmental concern are another major factor expected to foster the market growth of the membrane separation. Growth in the metal, mining, chemical processing industries is further expected to propel the market growth. Various partnership and agreements among key players in the market is a major trend and this trend is expected to bolster the market growth of the membrane separation. For instance, The Linde Group and Evonik Industries (chemical company) have entered into an exclusive cooperation partnership on membranes for natural gas processing. The objective of this partnership is to market Evonik products across the globe.

Key Takeaways of the Global Membrane Separation Market:

  • On the basis of application, water & wastewater dominated the global membrane separation market in 2021 with around 37% of market share in terms of revenue, followed by industrial and healthcare, respectively.

Key players in the market are focusing on achieving optimal operational costs, enhancing product quality, maximizing production output, and the acquisition of small players in order to sustain the competition. Furthermore, the players are focusing on recovering and recycling the end of lifecycle membranes to reduce the raw material costs and complete the circular economy in membrane manufacturing. 

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