Membranes Market Growth & Forecast Analysis | 2022-2028

Market Insights

The membranes market was estimated at USD 6.48 billion in 2022 and is likely to grow at a CAGR of 9.66% during 2022-2028 to reach USD 11.27 billion in 2028.

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What are membranes?

Membranes are microporous films that act as selective barriers to control the transmission of different chemical components on the basis of permeability. Membranes are widely used in water treatment and gas processing applications and are also called filtration elements. Porosity, durability, stability, selectivity, and permeability are some of the advantages offered by membranes.

Key Players

Some of the major players in the market are-

• Asahi Kasei Corporation
• DuPont de Nemours, Inc.
• Hydranautics, Inc. (A Nitto Group Company)
• Koch Separation Solutions
• Lanxess AG
• LG Water Solutions
• Pall Corporation
• Pentair plc
• SUEZ
• Toray Industries, Inc.

Market Drivers

Increasing urbanization, rise in population, rapid industrialization, and improved investment opportunities are some of the factors that have led to an increase in the need for water treatment activities, which in turn, drives the membranes market. In addition, stringent policies and environmental regulations from the government along with infrastructural development is the other major factor contributing to the growth of the market.

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Segments Analysis

By Material Type

Based on the material type, the membranes market is segmented as polymeric, ceramic, and others. The polymeric segment is expected to remain the most dominant segment of the market till 2028. The segment consists of polyamide, polysulfone, polyethersulfone, polymethylpentene, polystyrene, polytetrafluoroethylene, and others. Polymeric membranes are cost-effective, easy to process and operate, and suitable for a variety of applications such as beverage processing, feed water production, and chemical processing. Other factors contributing to the dominance of polymeric membranes are their high performance, high efficiency, and specific separation properties.

By Technology Type

Based on the technology type, the membranes market is segmented as reverse osmosis, microfiltration, nanofiltration, and others. Increasing industrialization and a growing population are the driving factors of this segment. Another prime factor is their ability to permeate monovalent ions while rejecting divalent and multivalent ions and several other selectivity properties provided by nanofiltration membranes:

• Industrial Applications: Flexibility for ion separation and permeation.
• Water Treatment Applications: Reduce heavy metal, salt, and nitrate contents, and provide lower discharge volumes than RO.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period with developing economies such as China, India, Indonesia, Malaysia, Vietnam, and Thailand offering lucrative growth opportunities. This growth can be attributed to the changing reforms regarding water regulations in existing systems, the growing population, increasing investment for water treatment, and rapid industrialization in the Asia-Pacific region. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories.

By Material Type

• Polymeric
• Ceramic
• Others

By Technology Type

• Reverse Osmosis (RO)
• Ultrafiltration (UF)
• Microfiltration (MF)
• Nanofiltration (NF)
• Others

By Application Type

• Water & Wastewater Treatment
• Industrial Processing

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the technology types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.