Membrane Separation Technology Market to be dominated by Reverse Osmosis (RO) segment through 2028
Low Operating Power and High Efficiency and Growth in
the Pharmaceutical Industry to drive Global Membrane Separation Technology
Market in the forecast period, 2023-2028.
According to TechSci Research report, “Global Membrane Separation Technology Market - By Region, Competition, Forecast &
Opportunities, 2028”, Global
Membrane Separation Technology Market is anticipated to grow at a 4.81% CAGR in
the forecast period, 2024-2028. Global Membrane Separation Technology Market
the development of membrane separation technology is also impacted by a number
of technological and regulatory changes, both of which are important market
drivers. Furthermore, it is anticipated that over the projected period, strict
environmental rules limiting wastewater discharge will favorably affect the
development of membrane separation technology.
The
demand for products in the industrial processing segment is predicted to
increase as a result of rising technical breakthroughs and rising R&D
initiatives. The development of new applications, such the solvent recovery
method, is anticipated to boost market expansion. A few of the causes boosting
the expansion of the pharmaceutical sector are the rising per capita income,
expanding investment in healthcare facility development, advancements in
diagnostic technologies, and increased prevalence and treatment of chronic
diseases.
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Separation Technology Market.”
Based on Application, Water & Wastewater Treatment
is the dominating application segment in the Membrane Separation Technology
Market, this is a result of the growing public demand for clean, safe drinking
water and the expansion of government programmers to address water scarcity.
Before releasing the water into the environment, the wastewater treatment
plants filter it by eliminating a sizable amount of garbage. As a result, the
health hazards brought on by the increased environmental pollution are diminished.
In the upcoming years, the government's emphasis on reducing water and
environmental pollution will present market expansion prospects. The
biodegradable components of wastewater can be converted into organic
fertilizers, which are applied to crops to boost their yield.
Based on Technology, Reverse Osmosis (RO) is the
dominating application segment in the Membrane Separation Technology Market,
this is due to the advantages of employing a RO system over alternative
technologies. Health concerns from toxins like lead or nitrates can be
decreased by water treatment using reverse osmosis. Since no toxic chemicals
are used in the process of producing the permeate, which is a primary driver of
the market's expansion across the country, RO is also one of the greenest
options for managing industrial wastewater. Additionally, the market is
anticipated to expand in the future due to the advantages of employing RO
systems, including cost, maintenance, health, and safety, as well as their
rising popularity for residential uses. The semi-permeable membrane, which is
often constructed of thin-film composite material or cellulose acetate, is the
fundamental component of the RO unit. The membrane can be rolled up around a
tube like a roll of paper towels and placed between two screens.
Based on Region, Asia-Pacific region is expected to
dominate the market for membrane separation technology during the forecast
period. In countries like China, India, and Japan because of the growing
awareness among people to consume purified water, the demand for membrane
separation technology has been increasing in the region. The largest producers
of different membrane technologies are located in the Asia-Pacific region. Some
of the leading companies in the production of membrane technology are Asahi
Kasei Chemicals Corporation, TORAY INDUSTRIES, INC, DuPont, NITTO DENKO CORPORATION,
Samco Technologies, Inc. In the pharmaceutical industry, these membranes are
used in the membrane distillation process and also to treat wastewater. Chinese
pharmaceutical industry which is valued at about ~USD 145 billion currently,
represents the biggest emerging market with growth tipped to reach about ~USD
200 billion by 2022, thus increasing the scope of the market.
In developing countries like China, India and Japan,
to reduce the usage of polluted water which acts as severe health hazard, many
purification technologies are being adopted depending upon their efficiency in
purifying and filtration processes. The aforementioned factors coupled with
government support are contributing to the increasing demand for membrane
separation technology market during the forecast period.
Major companies operating in the Global Membrane
Separation Technology market are:
- 3M
- Asahi
Kasei Chemicals Corporation
- Axeon
Water technologies
- DuPont
- Koch
Membrane Systems
- NITTO
DENKO CORPORATION
- Pall
Corporation
- Permionics
Membranes Private Limited.
- Samco
Technologies, Inc
- TORAY
INDUSTRIES, INC.
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“The Global
Membrane Separation Technology Market is expected to expand during the
projected period. Factors such as increasing need for water treatment methods
around the world, the industry is projected to expand. The lack of reliable
drinking water is one of the main causes of the increase in demand for water
treatment. The implementation of water treatment procedures has been pushed
because of how quickly water resources are being depleted and contaminated
ground and surface water bodies and many more factors will drive the market.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
Membrane Separation Technology Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Application
(Water & Wastewater Treatment, Food & Beverage, Medical &
Pharmaceutical, Industrial Processing), By Technology (RO, UF, MF, NF), By
Region, Competition, 2018-2028”, has evaluated the future growth potential of global Membrane
Separation Technology market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision-makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global Membrane
Separation Technology market.
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