PUBLISHER: Market Research Future | PRODUCT CODE: 1699229
PUBLISHER: Market Research Future | PRODUCT CODE: 1699229
Global Membranes Market Research Report Information By Product Type (Freac Sand, Resin-Coated Proppant, Ceramic Proppant), By Membrane Type (Microfiltration (MF), Ultrafiltration (UF), Nanofiltration (NF), and Reverse Osmosis (RO))By Application (Shale Gas, Tight Gas, Coal Bed Methane), And By Region (North America, Europe, Asia-Pacific, And Rest of the World) Market Forecast Till 2032
During the projection period (2024-2032), the membranes industry is expected to develop at a compound annual growth rate (CAGR) of 8.9%. The main factors propelling the market expansion are the growing number of desalination plants being set up for irrigation and the rising need for high-quality water across many sectors.
Since membrane systems help to eliminate all tiny and large ions, colloids, organics, bacteria, and pyrogens from the feed water, their use is growing to provide highly purified water for a variety of applications. The surge in demand for membrane systems is probably going to lead to a rise in the need for membrane chemicals to improve the performance of the membranes and eliminate impurities that have accumulated on their surface during operation. The market CAGR over the predicted period is driven by this aspect.
Due to the growing scarcity of water sources, farmers are also using brackish water for irrigation when building up desalination plants, which degrades soil quality because of its high saline content and affects crop quality. Desalinated water has replaced brackish water as a result, increasing crop productivity and cutting expenses. Using membrane technology to filter out bacteria, other contaminants, microbes, and dissolved particles including silica, sulfates, and chlorides, desalinated water is produced from sea and brackish water. The demand for desalinated water for animal feed is also rising, which has caused the number of desalination facilities to rise in order to fulfill global agricultural demands. Consequently, the Membranes market revenue is driven by these reasons.
Perspectives on Market Segments
Material, production technology, application, distribution channel, size, membrane type, and geography are the factors that divide the worldwide membranes market.
Shale gas, tight gas, and coal bed methane are all included in the membrane market segmentation based on application.
The market is divided into three segments based on material: bituminous, ceramic/inorganic, and polymeric materials.
The market is divided into two segments based on production technology: spinning methods and phase inversion processes.
The market is divided into four segments based on the type of membrane: Reverse Osmosis (RO), Nanofiltration (NF), Ultrafiltration (UF), and Microfiltration (MF).
Regional Perspectives
Rapid industrialization and growing environmental concerns in the region's emerging nations would propel market expansion in the Asia-Pacific Membranes Market area, which will dominate this industry. Furthermore, the Asia-Pacific region's fastest-growing membrane market was India, while China's market share was the highest.
Due to the fast adoption of the technology for its use in application sectors, the membrane market in Europe holds the second-largest market share. Additionally, the UK membranes market grew at the quickest rate in the European Region, while the German membranes market held the largest market share.
From 2024 to 2032, North America is anticipated to expand at the fastest CAGR. This is because of the EPA's strict regulations and industry laws that control the performance and quality of water filtration.
Among the leading companies in the Membranes market are Asahi Kasei Corporation (Japan), Lanxess (Germany), Pall Corporation (US), Suez (France), Dupont (US), Toray Industries (Japan), Hydranautics (A Nitto Group Company) (China), and Koch Separation Solutions (US).