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Membrane separation market | Coherent Market Insights

Read here the latest updates on the u201cMembrane separation marketu201d published by CMI team.

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Membrane separation market | Coherent Market Insights

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  1. Coherent Market Insights Market Research And Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. MEMBRANE SEPARATION MARKET ANALYSIS Membrane Separation Market, By Technology (Microfiltration, Ultrafiltration, Nanofiltration, Reverse osmosis), By Application (Water & Wastewater, Industrial, Healthcare, Others), and By Region (North America, Europe, Asia Pacific, Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027 The global membrane separation market is projected to surpass US$ 16.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.9% during the forecast period (2020 to 2027).

  3. Drivers Growing demand for membrane separation from the municipal industry is expected to drive the market growth. The municipal industry utilizes membrane separation for treating wastewater and supplying it to the public water system for the use. Growing demand for municipal water due to increasing population and industrialization is expected to foster the market growth of the membrane separation. Moreover, growth in the urban population is another major factor fueling the demand for municipal water, in turn, propelling the market growth of membrane separation.

  4. Rising cases of waterborne disease around the globe are expected to fuel the demand for membrane separation over the forecast period. According to the World Health Organization 3.4 million people, mostly children, die annually from water-related diseases. Growing awareness regarding proper sanitation and hygiene among consumers of the developing region is further anticipated to augment the market growth of membrane separation. Regionally, Europe dominated the global membrane separation market in 2019, reporting 35% market share in terms of revenue, followed by Asia-pacific and North America, respectively.

  5. Figure1. Global Membrane Separation Market, Revenue Share (%),By Region, 2019

  6. Market Restraints The high installation and operational cost of the membrane separation are projected to restrict the use of the technology. Moreover, lack of awareness regarding the benefits of this technology across the developing region of rural areas is also expected to hamper the market growth. Fluctuating prices of raw materials used in the production of membrane separation are expected to hamper the market growth over the forecast period.

  7. Market Opportunities Shifting preferences for chemicals free technology for wastewater treatment in order to adopt environment-friendly technology is expected to propel the market growth. Membrane separation technology is expected to offer ample opportunities in the near future. The food &beverage industry is rapidly adopting chemical-free treatment in order to reduce the processing time and environmental hazards associated with the chemicals.

  8. The increasing scarcity of water for a human is expected to raise demand for membrane separation. According to the Coherent Market Insights analysis, despite 70% of the earth being covered with water, only 3% can be counted as freshwater. Out of total freshwater, only 0.5% is available for the ecosystem and human use. Thus, the limited availability of fresh water on the earth is projected to fuel the market growth of the membrane separation over the forecast period. 

  9. Figure 2. Global Membrane Separation Market – Opportunity Analysis

  10. Market Trends Product innovation by key players is one of the major business strategies in the market expected to augment the market growth of the membrane separation. For instance, in February 2020, Applied Biomimetic, a convergence of polymer and protein-membrane technologies provider, has launched two new membrane products to its solution portfolio, with the addition of PS 20,000 and PS 30,000 Dalton molecular weight cut off (MWCO) rated membranes. These membranes are available in spiral-wound configuration across various standard sizes and component configurations.

  11. The increasing popularity of reverse osmosis technology that offers an effective filtration method is expected to propel the market growth of the membrane separation. Reverse osmosis technology is used to produce ultrapure water, seawater desalination, and landfill leachates treatment. Moreover, this technology offers a higher recovery rate than traditional water treatment technology. Thus, the growing demand for reverse osmosis technology is expected to fuel market growth.

  12. Regulations Canada The use of membrane technology for the production of processed drinking water has grown over the last decade in Canada. The Drinking Water Protection Regulation Canada demanding for the removal of Giardia and Cryptosporidium (enzymes causing disease) in drinking water, in addition to the declining cost of membranes, will drive the market for membrane separation technology in Canada. In 2000, a serious outbreak occurred in the town of Walkerton, Ontario, killing several residents of the town and causing widespread gastrointestinal disorders in the community. Since then, the government forced the water plants to upgrade their technology to meet the increasing demand for clean drinking water and protect the population against waterborne disease, providing ample growth opportunities for the membrane technology market in Canada owing to the cost-effectiveness of the technology over other water treatment technology.

  13. Figure 3. Global Membrane Separation Market, Revenue Share (%), By Technology, in 2019

  14. Competitive Section Key players are operating in the global membrane separation market are Sartorius AG, 3M Company, Koch Membrane Systems Inc., TriSep Corporation, The Dow Chemical Company, GE Water & Process Technologies, IDE Technologies, Evoqua Water Technologies LLC, Pentair X-Flow, Pall Corporation, Polypore International, Inc., Asahi Kasei Corporation, Hyflux, and Kubota

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  16. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: Customized Market Research Services Industry Analysis Services Business Consulting Services Market Intelligence Services Long term Engagement Model Country Specific Analysis

  17. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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