PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1501235
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1501235
The membranes market is projected to reach USD 11.1 billion by 2029, at a CAGR of 8.6% from USD 7.4 billion in 2024. The increasing awareness and adoption of sustainable practices are driving the demand for membrane technologies. In regions facing water scarcity, desalination has become essential for ensuring a dependable supply of drinking water. Membranes play a central role in desalination processes by efficiently removing dissolved salts and other impurities from seawater and brackish water. Furthermore, there is a growing emphasis on water reuse and recycling in both municipal and industrial settings, highlighting the significance of advanced wastewater treatment technologies. Membranes facilitate the treatment of wastewater for various non-potable and potable applications, aiding in water conservation efforts and alleviating pressure on existing freshwater sources.
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Volume (Million Square Meters); Value (USD Million) |
Segments | Material, Technology, Application and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"Based on material, polymeric is expected to be the fastest growing market during the forecast period, in terms of value."
Polymeric membranes are rapidly expanding in the market owing to numerous critical factors that highlight their adaptability, effectiveness, and suitability across diverse industries. A primary catalyst for this growth is the ongoing progress in polymer science and membrane production methods, resulting in the creation of exceptionally efficient and economical polymeric membranes. Progressions such as enhanced polymer compositions, surface alterations, and manufacturing processes have bolstered the efficacy and resilience of polymeric membranes, rendering them progressively competitive in contrast to alternative membrane varieties.
"Based on application, water & wastewater treatment is the largest market during the forecast period, in terms of value."
Water & wastewater treatment is the largest application for membranes in the market due to its critical role in addressing global water challenges. With increasing population growth, rapid urbanization, and industrialization, the demand for clean and safe water has soared, leading to a significant expansion in the water treatment sector. Membrane technologies offer versatile and effective solutions for purifying water and treating wastewater across various scales, from municipal to industrial applications. These membranes excel in removing contaminants, pathogens, and pollutants, producing high-quality treated water that meets stringent regulatory standards. Governments worldwide enforce regulations to protect public health and the environment, driving the adoption of membrane-based water treatment solutions.
"Based on region, Asia Pacific is the fastest growing market for membranes in 2023, in terms of value."
The Asia Pacific region comprises a diverse array of countries with differing levels of water resources and infrastructure development. Many nations in this region confront challenges such as water scarcity, pollution, and inadequate sanitation. Consequently, there is a notable uptake of membrane-based water treatment technologies to combat these issues. Membrane technologies present versatile and efficient solutions for purifying water from diverse sources, encompassing surface water, groundwater, and wastewater. They address the varied needs of urban and rural communities, as well as industrial and agricultural sectors.
The key players in this market are DuPont (US), Toray Industries, Inc. (Japan), Hydranautics (US), Kovalus Separation Solutions (US), Pall Corporation (US), Veolia (US), Pentair (UK), Asahi Kasei Corporation (Japan), LG Chem (South Korea), Mann+Hummel (Germany), and The 3M Company (US).
Research Coverage
This report segments the membranes market based on material, technology, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the membranes market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the membranes market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) **