Overview and Scope
Membrane separation technology is a technique that employs tiny holes or gaps in the molecular arrangement of a continuous structure to selectively separate (fractionate) components. Pore size and separation driving force are used to categorize membrane separations.
Sizing and Forecast
The membrane separation technology market size has grown strongly in recent years. It will grow from $25.23 billion in 2023 to $27.75 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to water scarcity concerns, industrial process efficiency, environmental regulations, biopharmaceutical industry growth, increasing demand for renewable energy.
The membrane separation technology market size is expected to see strong growth in the next few years. It will grow to $40.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to wastewater treatment demand, emerging biotechnology applications, focus on sustainable energy, rapid growth in pharmaceutical manufacturing, expansion of the dairy industry. Major trends in the forecast period include integration with iot and ai, rising demand in pharmaceutical and biopharmaceutical industries, focus on sustainable solutions, expanding use in food and beverage processing, advancements in membrane materials.
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Segmentation & Regional Insights
The membrane separation technology market covered in this report is segmented –
1) By Process: Microfiltration, Ultrafiltration, Nanofiltration, Reverse Osmosis, Other Processes
2) By Type Of Material: Polymeric Membranes, Non-Polymeric Membranes
3) By Application: Water And Wastewater Treatment, Food And Beverage Processing, Medical And Pharmaceutical, Industry Processing, Other Applications
Asia-Pacific was the largest region in the membrane separation technology market in 2023. North America is expected to be the fastest-growing region in the membrane separation technology market report during the forecast period. The regions covered in the membrane separation technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing demand for purified, clean drinking water is expected to propel the growth of the membrane separation technology market in the coming future. Purified and clean drinking water refers to water that has been filtered or treated from groundwater or tap water to eliminate impurities like chemicals and other pollutants using techniques like distillation, deionization, reverse osmosis or other appropriate procedures and drinking water refers to working, upgraded drinking water supply on the property or close by, as well as water points available to all people. The membrane separation technique is favored over other separation technologies due to its advantageous properties such as minimal emission, a high degree of automation, high separation efficiency, and a small footprint. For instance, in 2021, the United Nations International Children’s Emergency Fund, a US-based United Nations organization in charge of delivering help for children’s development and humanitarian needs across the world assisted in the drilling of boreholes at 87 schools, providing 43,500 students with safe drinking water. Similarly, in 2021, 2.5 million individuals lacked access to basic water eight percent more than in 2020. Therefore, the growing demand for purified, clean drinking water is driving the growth of the membrane separation technology market.
Key Industry Players
Major companies are strategically entering partnerships and collaborations with start-ups and mid-sized companies in the membrane separation technology market to broaden the products and services offered by the company. Strategic collaborations and partnership agreements help companies expand their existing product portfolio and geographical reach. For instance, in August 2022, Mölnlycke Health Care, a Swedish based medical product and solution company, announced two landmark partnerships with Engie and Veolia, which are international sustainability solutions providers. With this partnership company aims to deliver best-in-class, energy-saving wastewater treatment solutions for its ongoing and upcoming projects, in accordance with its goal of building a sustainable healthcare manufacturing ecosystem while addressing the market demands. Engie is a France-based electric utility company that operates in the fields of electricity generation and distribution, natural gas, and renewable energy, and Veolia is a France based service company that provides environmental services such as water management, waste management, and energy services.
The membrane separation technology market report table of contents includes:
1. Executive Summary
2. Membrane Separation Technology Market Characteristics
3. Membrane Separation Technology Market Trends And Strategies
4. Membrane Separation Technology Market – Macro Economic Scenario
5. Global Membrane Separation Technology Market Size and Growth
…..
31. Global Membrane Separation Technology Market Competitive Benchmarking
32. Global Membrane Separation Technology Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Membrane Separation Technology Market
34. Membrane Separation Technology Market Future Outlook and Potential Analysis
35. Appendix
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