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(IT-NEWSWIRE.COM, July 09, 2024 ) The report " Membranes Market by Material (Polymeric, Ceramic), Technology (Reverse Osmosis (Ro), Ultrafiltration (Uf), Microfiltration (Mf), Nanofiltration (Nf)), Application (Water & Wastewater Treatment, Industrial Processing), Region - Global Forecast to 2029 " The global membranes market size is estimated to be USD 7.4 billion in 2024 and projected to reach USD 11.1 billion by 2029, at a CAGR of 8.6% during the forecast period.
Browse in-depth TOC on "Membranes Market”
230 - Market Data Tables
45 - Figures
250 - Pages
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On the basis of material, the polymeric segment accounted for the largest share in the membranes market. Polymeric membranes are highly versatile in design and functionality, as they can be customized for specific applications by modifying pore size, surface chemistry, and structural configuration. This adaptability makes them suitable for diverse industries, including water and wastewater treatment, food and beverage processing, pharmaceuticals, and biotechnology. Their efficiency in removing contaminants, pathogens, and impurities from liquids and gases significantly enhances their value in these sectors.
On the basis of technology, the reverse osmosis technology is expected to lead the market in terms of value in 2024. RO membranes are highly efficient in removing dissolved salts, contaminants, and impurities from water, making them the preferred choice for producing high-purity water. This high level of purification is essential for several critical applications, including drinking water production, industrial process water, and wastewater treatment. The capability of RO membranes to effectively remove a wide range of contaminants, including heavy metals, chemicals, and microorganisms, makes them indispensable for achieving regulatory compliance. The rising requirement for desalination, especially in areas facing challenges with freshwater availability, is further fueling the expansion of the reverse osmosis membrane market.
On the basis of application, the water & wastewater treatment accounted for the largest share in the membranes market. The rising demand for clean water, propelled by population growth, urbanization, and industrialization, has significantly increased the necessity for water and wastewater treatment. In response, governments and regulatory bodies have enforced stringent regulations regarding water quality and wastewater treatment, further boosting the adoption of membranes in this sector. The continuous advancements in membrane technology have enhanced their efficiency, effectiveness, and scalability, rendering them a preferred choice for water and wastewater treatment applications. Membranes are extensively employed in desalination processes to eliminate dissolved salts from seawater and brackish water, ensuring a dependable source of clean water. Furthermore, the growing recognition of wastewater treatment and reuse has spurred considerable growth in membrane usage for wastewater treatment applications.
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On the basis of region, Asia Pacific is the fastest growing market for membranes in 2023. Asia Pacific is currently undergoing rapid industrialization, particularly in countries such as China, India, and Southeast Asian nations. This industrial expansion is fueling the demand for membranes across diverse sectors, including water & wastewater treatment, pharmaceuticals & biotechnology, food & beverage, oil & gas, renewable energy, and electronics & semiconductors. The swift growth of urban areas and industrial activity has resulted in heightened water usage and the generation of more wastewater, worsening water quality challenges. Membrane technologies provide effective and dependable methods for treating both drinking water and wastewater, fulfilling the rising need for water treatment infrastructure in the region.
Membranes Market Key Players
The key global players in the membranes market are DuPont (US), Toray Industries, Inc. (Japan), Hydranautics (US), Kovalus Separation Solutions (US), Pall Corporation (US), Veolia (US), Pentair (UK), Asahi Kasei Corporation (Japan), LG Chem (South Korea), Mann+Hummel (Germany), The 3M Company (US) among others. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
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