Global Membrane Separation Systems Market Size 2024, Forecast To 2033
6 Mar, 2024
The membrane separation systems market has also witnessed strong growth, increasing from $28.66 billion in 2023 to $31.09 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to concerns over water scarcity, wastewater treatment needs, food and beverage processing, growth in the pharmaceutical industry, and applications in biotechnology. Looking ahead, the market is expected to see strong growth, reaching $43.43 billion in 2028 with a CAGR of 8.7%. The forecast period's growth can be attributed to rising industrialization, urbanization, and population growth, advancements in healthcare, focus on sustainable practices, and increasing awareness of water quality. Major trends in the forecast period include integration in industrial gas separation processes, expansion in the dairy processing sector, rising utilization in blood purification technologies, focus on point-of-use water purification devices, and increased implementation in the oil and gas industry.
Global Membrane Separation Systems Market Key Driver
Surging demand for clean, safe, and potable water is expected to propel the growth of the membrane separation systems market going forward. The demand for clean, safe, and portable water refers to the need for access to water that is free from contaminants, pathogens, and pollutants. Membrane separation systems help in meeting the demand for clean, safe, and portable water by selectively filtering out impurities and contaminants from water, providing an effective method for water purification and treatment. For instance, in March 2022, according to World Health Organization, a Switzerland-based international public health organization, 5.8 billion people constituting 74% of the global population used safely managed drinking water services. Further, in March 2021, according to United Nations Environment Program, a Kenya-based organization responsible for environmental issues, globally around 3 billion people are at risk of disease due to water quality, and over 40% of the 75,000 bodies of water surveyed across 89 nations were judged to be seriously contaminated. Therefore, the surging demand for clean, safe, and potable water is driving the growth of the membrane separation systems market.
Get A Free Sample Of The Global Membrane Separation Systems Market ReportGlobal Membrane Separation Systems Market Segments
The membrane separation systems market covered in this report is segmented –
1) By Type: Microfiltration, Ultrafiltration, Nanofiltration, Reverse Osmosis, Chromatography, Ion Exchange
2) By Material: Polyethersulfone (PES), Polysulfone (PSF), Polypropylene (PP), Polyvinylidene Fluoride (PVDF), Polyacrylonitrile (PAN), Other Materials
3) By Application: Environmental, Food And Beverages, Healthcare, Other Applications
By Geography:The regions covered in the membrane separation systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the membrane separation systems market in 2023. The regions covered in the membrane separation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Membrane Separation Systems Industry Players
Dow Inc., Koch Membrane Systems Inc., 3M Company, Pall Corporation, Sartorius AG, Amazon Filters Ltd., Advantec MFS Inc., GE HealthCare Technologies Inc., Merck Millipore Co., Novasep LLC, TriSep Corporation, Pentair Industries Inc., Hydranautics Membranes India Limited, GEA Group AG, Alfa Laval AB, Asahi Kasei Corporation, TORAY INDUSTRIES Inc., DuPont de Nemours Inc., MANN+HUMMEL International GmbH & Co. KG, ProMinent GmbH, Veolia Water Technologies SASU, HUBER SE, Suez SA , AXEON Water Technologies, Hyflux Ltd., Corning Incorporated, Permionics Membranes Private Limited, Evoqua Water Technologies Corp., Kubota Corp., Ebara Corp.
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Membrane Separation Systems Market Overview
Membrane separation systems refer to a group of technologies that utilize a selectively permeable membrane to separate different components or substances from a mixture. They are used to separate the components and reject unwanted substances.
Membrane Separation Systems Global Market Report 2023 provides data on the global membrane separation systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The membrane separation systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.