The Membrane Separation Technology Market was valued at $17.28 Billion in 2018 and is forecast to grow at a modest 12.6 % CAGR between 2018 and 2025, culminating in 2026 global sales of $43.55 Billion.
Industry at a Glance.
Membrane separation is a class of filtration processes in which feed water is forced through a semi-permeable barrier (membrane) at high pressure to separate specific materials and unwanted constituents from the solution. Water treatment facilities use several types of membranes and processes to clean surface water, groundwater, and wastewater to produce water for industry and drinking.
Increasing industrial expansion, growing population, Shifting from chemical to physical treatments of water, and Rising awareness of water scarcity across the globe is the major factor to propel the membrane separation technology market over the forecast period.
According to the U.S demand, FDA (Food and Drug Administration) announced the application of Reverse Osmosis (RO) filtration is mandatory to use in the food & beverage sector to avoid the microorganism and bacteria from Biofilm surface, which is projected to fuel the market demand in the coming future.
In the pharmaceutical & chemical industry purified water plays an important role in the reaction mechanism where the use of reverse osmosis and other membrane technologies play a vital role. Ultrafiltration and microfiltration membranes are usually made of polysulfone, polyvinyl chloride (PVC), polyvinylidene fluoride (PVDF) among others.
“Optimal Price Point (OPP) for Global Membrane Separation Technology”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP, and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Membrane Separation Technology are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Membrane Separation Technology Market by “Key Technology Categories”
We have segmented the Global Membrane Separation Technology-based on Key Technology categories as Reverse Osmosis, Microfiltration, Ultrafiltration, and Nanofiltration.
We have observed the rapid growth of Membrane Separation Technology followed by the Reverse Osmosis segment with a CAGR of 12.8% and is expected to propel the market growth over the forecast period. This is a water purification process that uses a partially permeable membrane to remove ions, unwanted molecules, and larger particles from drinking water. Also, it consists of a high desalination process such as Multiple Effect Distillation (MED) and Multistage Flash Distillation (MSF).
We also perceived the Ultrafiltration segment expected to drive the market with a CAGR of 13.1% from 2018 to 2026. This segment demand in the market owing to its high filtration properties to remove the contaminants, virus, and harmful bacteria from water.
Global Membrane Separation Technology Market by “Application Categories”
We have segmented the Global Membrane Separation Technology-based on Application Categories as Water & Wastewater Treatment, Industry Processing, Food & Beverage Processing, Pharmaceutical & Medical, and Others.
We have observed the rapid growth of Membrane Separation Technology followed by the Water & Wastewater Treatment segment has the largest market share of 48.2% in 2018 and is estimated to create a notable CAGR of 12.2% during the prediction period. Wastewater treatment is a process used to remove contaminants from wastewater or sewage and convert into the water. Many industries are adopting this process for the eco-friendly purpose to the industry as well as to the environment.
We also noticed the Pharmaceutical & Medical segment anticipated to drive the market with a CAGR of 13.8% from 2018 to 2026. Due to the rising demand of the biopharmaceutical industry to separate the particles and other contaminants from the fluid.
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Membrane Separation Technology followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The Asia Pacific is having the largest market share 0f 52% in the global market in 2018. China and India are the key regions where the maximum number of metal, chemical, and mining industry are present. Due to these factors, these regions facing environmental pollution as well as water pollution. So, the government has decided to promote wastewater treatment with the help of membrane separation technology.
North America is anticipated to augment a valuable CAGR of 10.2% from 2018 to 2026. Due to increasingly stringent regulatory and sustainability policy concerning the environment and stringent government regulation for wastewater treatment in urban sources is projected to driving the market growth.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are Koch Membrane Systems, Pall Corporation, 3M Company, Corning Incorporated, Merck KGgA, and Toray Industries are few major players in Global Membrane Separation Technology markets. The Global Membrane Separation Technology market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Global Membrane Separation Technology Market by Key Technology categories (Revenue, Million, 2018 – 2026)
Global Membrane Separation Technology Market by Application Categories (Revenue, Million, 2018 – 2026)
- Water & Wastewater Treatment
- Industry Processing
- Food & Beverage Processing
- Pharmaceutical & Medical
Global Membrane Separation Technology Market Regional Outlook (Revenue, USD Million, 2018-2026)
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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