PUBLISHER: The Business Research Company | PRODUCT CODE: 1414388
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414388
“Membrane Filtration Market Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on membrane filtration market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for membrane filtration market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The membrane filtration market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Membrane filtration is a physical separation method employed to separate dissolved materials, colloids, or fine particles from solutions. This process, driven by pressure, is capable of segregating molecules of varying sizes and characteristics, making it a widely utilized technique in chemical and biotechnology applications.
The primary types of membrane filtration include reverse osmosis, ultrafiltration, microfiltration, and nanofiltration. Reverse osmosis is specifically utilized to separate impurities from water by filtering out unwanted molecules and large particles. The modules designed for this process come in various configurations such as spiral-wound, tubular systems, plate and frame, and hollow fiber, composed of materials such as polymers and ceramics. Reverse osmosis finds applications in diverse fields, including wastewater treatment, healthcare, and the food and beverage industry.
The membrane filtration market research report is one of a series of new reports from The Business Research Company that provides membrane filtration market statistics, including membrane filtration industry global market size, regional shares, competitors with a membrane filtration market share, detailed membrane filtration market segments, market trends and opportunities, and any further data you may need to thrive in the membrane filtration industry. This membrane filtration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The membrane filtration market market size has grown strongly in recent years. It will grow from $16.6 billion in 2023 to $18.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth observed in the historical period can be attributed to the demand for water and wastewater treatment, applications in pharmaceutical and biotechnology sectors, requirements of the food and beverage industry, expansion of the dairy industry, and adherence to environmental regulations.
The membrane filtration market market size is expected to see strong growth in the next few years. It will grow to $24.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to the expansion of the biopharmaceutical industry, an increased demand for processed foods, advancements in healthcare practices, technological innovations in filtration methods, and the overall growth in the global population. Significant trends expected in this forecast period include the expansion of applications in pharmaceutical and biotechnology, a growing demand for membrane bioreactors in wastewater treatment, the integration of membrane filtration in food and beverage processing, advancements in hollow fiber membrane technology, and an increasing use of membrane filtration in the healthcare sector.
The growth of the membrane filtration market is expected to be driven by the increasing occurrences of water pollution and waterborne diseases. Water pollution arises when toxic substances, including chemical products or microorganisms, are discharged into bodies of water, leading to a scarcity of clean and potable water. This surge in water pollution contributes to a rise in waterborne diseases. Membrane filtration emerges as a viable solution for water treatment through microfiltration or ultrafiltration, enhancing water quality by eliminating contaminants. For instance, in July 2023, the Environment Agency reported 2,026 incidents of sewage and water supply infrastructure issues, signifying a notable increase from the 1,883 incidents reported in 2021. Out of these, 368 cases affected water supply assets, with a significant majority (345) stemming from the water distribution system, marking a considerable rise from the 189 cases reported in 2021. Thus, the escalating cases of water pollution and waterborne diseases are set to fuel the growth of the membrane filtration market.
The membrane filtration market is expected to experience growth due to the rising demand for pharmaceutical products. Pharmaceutical products encompass substances formulated to prevent, diagnose, or treat medical conditions. Membrane filtration plays a pivotal role in the pharmaceutical industry by ensuring the removal of contaminants, sterilizing liquids, and facilitating purification processes, thereby maintaining stringent quality and safety standards. For example, in February 2023, the Merck Group reported a 22% increase in pharmaceutical product sales for the year 2022, amounting to $59.3 billion over the full year 2021. Consequently, the heightened demand for pharmaceutical products is a driving force behind the growth of the membrane filtration market.
A key trend gaining traction in the membrane filtration market is technological advancement. There is an increasing demand for ozone membrane filtration, including ultrafiltration, nanofiltration, microfiltration, reverse osmosis, and forward osmosis, to enhance water quality by removing contaminants. Major companies in the membrane filtration market are actively innovating new technologies to maintain their market standing. For instance, in April 2021, Koch Separation Solutions launched INDU-COR™ HD (High Density), an upgraded technology designed to more effectively treat various industrial waste streams. INDU-COR HD offers a higher packing density of up to 300%, making crossflow filtration more cost-effective and space-efficient. The 8mm PVDF tubule configuration of INDU-COR HD complements the existing product lines of KSS, including FEG PLUS, ULTRA-CORTM, and INDU-COR.
Leading companies in the membrane filtration market are increasingly focusing on introducing multipurpose membrane filtration to gain a competitive advantage. Multipurpose membrane filtration involves the versatile application of membrane-based separation technologies across various industries and processes. For instance, in November 2022, Alfa Laval AB launched a new multipurpose membrane filtration system designed to provide efficient and cost-effective solutions for diverse industries, including food, pharmaceuticals, and biotech. The system, known for its ease of installation, operation, and maintenance, is expected to deliver high-quality filtration performance and reliability.
In January 2023, Ingersoll Rand acquired SPX Flow's air treatment business for $525 million, aiming to expand its product offering in the broader compressor ecosystem. SPX Flow, a membrane filtration technologies provider, contributes to the membrane filtration market.
Major companies operating in the membrane filtration market market report are Pall Corporation, Koch Membrane Systems Inc., Pentair Plc., 3M Company, Porvair Filtration Group, GEA Group AG, Suez Water Technologies and Solutions, Alfa Laval AB, Veolia Environnement S.A., DowDuPont Inc., Prominent GmbH, Nitto Denko Corporation, Synder Filtration Inc., Merck KGaA, Toray Industries Inc., The Wabag Group, The Dow Chemical Company, Cytiva Corporation, Asahi Kasei Corporation, Suez S.A., Thermo Fisher Scientific Inc., Parker-Hannifin Corporation, Graver Technologies LLC, Repligen Corporation, Hyflux Ltd., Microdyn-Nadir GmbH, Polymem S.A.S., Membrane Solutions LLC, Evoqua Water Technologies LLC, Aquaporin A/S,
Asia-Pacific was the largest region in the membrane filtration market share in 2023. The regions covered in the membrane filtration market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the membrane filtration market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The membrane filtration market includes revenues earned by entities by removing up pathogens, from surface water, groundwater, and wastewater The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.