The report “Membranes Market by Material (Polymeric, Ceramic), Technology (RO, MF, UF, NF), Application (Water & Wastewater Treatment, Industrial Processing), & Region (North America, Europe, APAC, Middle East & Africa, South America) – Global Forecast to 2027″, Membranes market size is projected to reach USD 10.1 billion by 2027 from USD 6.4 billion in 2022 growing at a CAGR of 9.7%. The increasing demand for membranes in water & wastewater treatment and various industrial processing applications is driving the global membranes market. Stringent regulations towards environment and wastewater treatment also supports the growth of the membranes market. Further, water desalination and rising water scarcity are expected to provide the growth opportunities to the membrane manufacturers, especially in Asia Pacific and the Middle East & Africa regions.
Browse
• 202 Market data Tables
• 39 Figures
• 216 Pages and in-depth TOC on “Membranes Market – Global Forecast to 2027”
Some of the prominent key players are:
- DuPont (US)
- Suez Water Technologies & Solutions (France)
- Mann+Hummel (Germany)
- Hydranautics (US)
- LG Chem Ltd. (South Korea)
Opportunity: Increasing water scarcity
The scarcity of fresh water is a major problem especially faced by Asia Pacific and the Middle East & Africa regions. This problem will adversely affect industries which require large volumes of water for the production processes. Water conservation and water recycling will be essential for these industries to address the issue of water scarcity. Additionally, growing environmental concerns and stringent wastewater regulations will drive industries to recycle and reuse water to achieve zero discharge. This growth is expected to provide new opportunities for the growth of the membranes market.
Based on material, polymeric segment is estimated to be the fastest-growing segment in the overall membranes market
Polymeric segment is projected to grow at the highest growth rate in the membranes market. Various polymers used for the membrane construction include fluorinated polymers, polyethersulfones, and polyamides. Polymeric membranes are largely used in various applications as they are easy to operate and provide good selectivity. Further, these membranes are cost effective than that of ceramic membranes.
Based on region, Asia Pacific to account for the highest market share in the membranes market during the forecast period
Asia Pacific is projected to be the largest and fastest-growing market for membranes between 2022 and 2027. Presence of emerging economies including China and India, growing population and urbanization, and increasing industrialization are some of the factors driving the membranes market in Asia Pacific. Further, stringent government regulations and increasing awareness towards wastewater treatment is driving the demand of membranes.
