PUBLISHER: The Business Research Company | PRODUCT CODE: 1486810
PUBLISHER: The Business Research Company | PRODUCT CODE: 1486810
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.
The membrane separation technology market consists of sales of membrane-based separation systems or equipment and related services by entities (such as organizations, sole traders or partnerships) primarily engaged in their production for various applications within industries such as water treatment, pharmaceuticals, food and beverage, biotechnology and chemical processing sectors. Membrane separation technology involves the use of semi-permeable membranes to separate components or particles within a fluid mixture based on differences in size, shape, charge or other properties.
The global membrane separation technology market was valued at $18,472.0 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 5.0%.
Strong Economic Growth In Emerging Markets
The membrane separation technology market was mainly driven by strong economic growth in emerging markets during the historic period. Robust economic expansion in emerging markets spurred rapid industrialization and urbanization, fueling the demand for clean water, efficient wastewater treatment and air pollution control measures. Membrane separation technologies, offering effective solutions to these pressing challenges, witnessed increased adoption, driven by the burgeoning economies of emerging markets seeking sustainable development and environmental preservation. For instance, according to the World Bank, a US-based international financial institution, China's gross domestic product (GDP) grew to $17.94 trillion (120 trillion yuan) in 2022 compared to 17.82 in 2021 and $11.06 trillion in 2015. Additionally, according to the Minister for Finance and Corporate Affairs, India's gross domestic product (GDP) grew by between 8% and 8.5% and 9.2% in 2021-2022. Therefore, strong economic growth in emerging markets contributed to the growth of the membrane separation technology market.
Product Launches Aimed At Water Purification And Waste Treatment
Companies in the membrane separation technology market are introducing new membrane separation technology products aimed at water purification and waste treatment. For instance, in March 2023, DuPont de Nemours, Inc. (DuPont), a US-based multinational chemical company, introduced the latest iteration of its multi-capillary PES In-Out Ultrafiltration (UF) membranes, known as DuPont Multibore PRO, for commercial use. These membranes enable customers to decrease the number of modules required in water purification systems, especially in desalination, municipal drinking water and industrial water applications, facilitating multi-technology approaches. Additionally, in April 2021, Koch Separation Solutions (KSS), LLC, launched INDU-COR HD (High Density) technology, aimed at enhancing the treatment of various industrial waste streams. INDU-COR HD boasts a higher packing density of up to 300%, making crossflow filtration more cost-effective and space-efficient. This advancement enhances operational efficiencies and sustainability while reducing customers' waste treatment expenses.
The global membrane separation technology market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 12.81% of the total market in 2022.
Membrane Separation Technology Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global membrane separation technology market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for membrane separation technology? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The membrane separation technology 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 history and forecasts market growth by geography. It places the market within the context of the wider membrane separation technology market; and compares it with other markets.