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.
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Top companies profiled in the report 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 R&D 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.
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Market Overview:
Increasing consumer inclination towards sustainability and thus considering products based on criteria such as circularity and carbon footprint is expected to change materials and chemical market trends during in the coming years. The growing consumer concern about carbon emissions has prompted industry players to make investment in renewable energy, de-carbonization of transportation, and energy efficiency. These trends are expected to have a significant impact end markets for chemicals, notably in construction and automotive.
Increasing focus of the materials and chemical companies on adoption of de-carbonization technologies, re-examination of their assets, and diversification away from hydrocarbons to some extent will favor global Membrane Separation Technology market growth during the forecast period.
Competitive Landscape:
The report provides an extensive assessment of the prominent companies operating in the materials and chemical industry to offer better insights into competition scenario on a regional and global level.
Rise in competition in the global market has led to increasing innovation and technological advancement in the materials and chemical sector to meet the rising demand of environmentally conscious consumers. Industry players in the Membrane Separation Technology market are adopting the strategy of forward integration to cater increasing product demand, while adapting to the sustainability trends and to expand their in the global market.
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Global Membrane Separation Technology Market Segmentation:
By Types:
Polymeric
Non-Polymeric
Others
By Applications:
Water-Purification
Pharmaceutical
Food & Beverages
Automotive
Environmental
Others
Major Regions covered in 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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