The global membranes market is likely to reach value of USD 10.81 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to the increasing need for reclaiming water from different wastewater streams for re-use. Increasing utilization of membranes for production of potable drinking water from groundwater, surface water, and seawater sources is driving the market. Increasing research and development activities for the advancement of wastewater treatment solutions and desalination are contributing to the demand for the membrane technology.
The intelligence report further offers hard to find data derived from attractiveness analysis that narrates a lot about the products, regions and applications expected to generate more revenue. The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Membranes industry.
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Key Highlights of Report
- In October 2019, DuPont announced that it had signed an agreement regarding acquisition of the ultrafiltration membrane business of BASF, a leading chemical company in Germany. The acquisition is expected to help DuPont widen its portfolio of separation technologies and water purification, which comprises reverse osmosis, ultrafiltration, and ion exchange resins.
- The reverse osmosis segment held the largest market share of 39.3% in 2019. High efficiency (up to 99.5%) of reverse osmosis in separating small particles, including bacteria and monovalent ions such as chloride and sodium ions, has increased the use of reverse osmosis in water and wastewater treatment.
- The polymeric segment is anticipated to expand at the most rapid CAGR of 9.5% during the forecast period. Rising need for improvement in the filtration processes has resulted in the development of advanced polymeric membranes with increased efficiency and high performance, which would boost the segment during the forecast period.
- The water wastewater treatment segment accounted for the largest share of the membranes market in 2019. The stringent standards on the discharge or reuse of water and wastewater have driven the segment.
Top key Companies of the Membranes Market :
Toray Industries, DuPont, Koch Separation Solutions, Hydranautics, Pentair, Lanxess, Asahi Kasei Corporation, LG Water Solutions, Suez, and Pall Corporation
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Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer. It also offers valuable recommendations for new as well as established players of the global Membranes market. It also provides beneficial insights for both new as well as established players of the global Membranes market.
Segmentation:
Emergen Research has segmented the global membranes market in terms of technology, material, application, and region:
- Technology Outlook (Revenue, USD Billion; 2017–2027)
- UF
- NF
- RO
- MF
- Others
- Material Outlook (Revenue, USD Billion; 2017–2027)
- Ceramic
- Polymeric
- Others
- Application Outlook (Revenue, USD Billion; 2017–2027)
- Industrial Processing
- Water Wastewater Treatment
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Regional Overview:
The global Membranes Market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Membranes Market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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