Membranes Market: Global Industry Analysis and Forecast 2022-2028

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The membranes market is 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.

The Membranes Market report, published by Stratview Research is Segmented by Material Type (Polymeric, Ceramic, and Others), by Technology Type (Reverse Osmosis (RO), Ultrafiltration (UF), Microfiltration (MF), Nanofiltration (NF), and Others), by Application Type (Water Wastewater Treatment, Industrial Processing), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The membranes market is 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.

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.

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.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics.
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Key success factors.

Key Players

  • 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.

Segment Analysis

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.

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.

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.

Frequently Asked Questions (FAQs)

  • What will be the size of the Membranes Market in the coming years?
  • Who are the key players in the Membranes Market and what are their market shares?
  • Which region is expected to remain the largest Membranes Market?
  • Which region is expected to witness the highest growth in the Membranes Market?
  • What are the key strategies adopted by the major vendors to lead in the Membranes Market?

Report Customization Options

With this detailed report, Stratview Research offers customization options to the clients. This includes detailed company profiling of additional market players, Competitive Benchmarking of key players on the parameters like: Product portfolio, geographical reach, regional presence, and strategic alliances.

About Us

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