The Global Membrane Separation Technology market is anticipated to reach USD 43.14 billion by 2027, according to a new report by Reports and Data. The market is expected to be powered by increased demand for clean drinking water, and environmental initiatives to control carbon emissions and pollutants are expected to drive the market. Rising living status has increased disposable income, and growing health consciousness are some of the listed factors that are expected to drive market growth. The growing population leading to depletion of water supplies and pollution of surface and groundwater bodies is increasing demand for technologies for wastewater treatment and, consequently, demand for membrane separation technology.
The membrane separation technology market is driven by factors such as porosity, durability, permeability, stability, and selectivity. Increasing demand for clean, treated drinking water and obligatory government-imposed legislation encourage large-scale use of clean drinking water in society, thereby fueling consumer demand for membrane separation technology. Continuous and comprehensive growth of the oil gas industry creates opportunities for businesses.
The key driver of demand in membrane separation technology is the massive demand for water for industrial growth and life. The increasing demand for the biopharmaceutical industry, along with strict government regulations and sustainability, is also one factor contributing to the forecast period's growth.
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Key participants include The 3M Company; The Dow Chemical Company; Suez Water Technologies Solutions; Merck Millipore; Toray Industries; Asahi Kasei Corporation; Koch Membrane Systems Inc.; Danaher Corporation; Hydranautics; and Pentair plc, among others.
Further key findings from the report suggest
- The water wastewater treatment, medical pharmaceutical, food beverage, and industrial products industries are mainly guided by the economy. This market is driven by increasing pharmaceutical and industrial growth in North America and Asia-Pacific.
- The cost-effectiveness and energy-efficient characteristics are assisting the Reverse Osmosis technology in have represented the largest market share. Reverse Osmosis desalination has also become a more reliable option with technological advances and is widely used to desalinate seawater and brackish water.
- Nanofiltration (NF), in the membrane separation technology market is the fastest-growing technology owing to its capability to segregate particulates up to 0.002 ìm.
- An increasing focus on the recycling of municipal and industrial wastewater discharges is expected to drive growth in the market for membrane separation technology
- The Asia Pacific market is estimated to register a CAGR of 10.8% over the forecast period due to industrialization and increased environmental protection regulations
- In recent years, all of the major market players have invested heavily in RD initiatives, leading to the invention of several innovative products. Major players aim to enhance their product portfolio by strategic mergers and acquisitions of small and medium-scale companies. In the coming years, therefore, an intense rivalry among players is expected.
- In April 2019, AXEON Water Technologies decided to appoint ADEKHA Ltd. as its approved Middle East and Africa distributor and strategic partner. This nomination should help AXEON broaden its footprint in Nigeria and West Africa.
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For the purpose of this study, Reports and Data have segmented the membrane separation technology market based on membrane type, technology, application, and region:
Membrane Type Outlook (Revenue: USD Billion; 2017-2027)
Technology Outlook (Revenue: USD Billion; 2017-2027)
- Reverse Osmosis
Application Outlook (Revenue: USD Billion; 2017-2027)
- Food Beverages
Over the years, mergers and acquisitions, collaborations, and partnerships have played a pivotal role in companies’ plans of expanding customer base and gaining a robust footing in the market. Rising investments by the key industry players for the RD activities will further bolster market growth over the analysis period.
The report also utilizes key statistical tools such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and venture return analysis to offer better insights into the market landscape. The report also covers recent developments and trends and provides a comprehensive industry overview to help readers understand the complete scenario and dynamics of the Membrane Separation Technology market.
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Regions covered by the report:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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