Latest Research report on Membrane Separation Market predicts favorable growth and forecast till 2022

Published On:May 19, 2017, 5:11 pm

Membrane separation technology exclusively fractionates, i.e., separates substances through pores or/and minute gaps in the molecular arrangement of a continuous structure. This technology is one of the most widely used and popular methods used for cleaning water. Changing from chemical to physical treatments of water is a key driver since chemical treatments are comprehended as an environmentally unclean technology along with linked disposal costs. Membrane separations are characterized by the size of the pore and with the help of the separation driving force. These categorizations are - Ultrafiltration (UF), Reverse Osmosis (RO), Microfiltration (MF) and Ion-Exchange (IE). This technology of cleaning water renders various advantages as compared to most of the current water-purification procedures like minimum operation area and high filtration efficiency.

The global membrane separation market is predicted to garner USD 28.10 billion by the end of 2022 while registering at a considerable CAGR of 7.2% during the forecast period. The inclination towards physical treatment of water in opposition to conventional water-treatment procedures is predicted to have a lucrative impact on the global market. Increasing concerns pertaining to the environment coupled with the demand to agree with rigorous government regulations with regards to water and waste water treatment are a few of the primary factors propelling the membrane separation market on a global level. For industries looking for lessening water footprint and reuse waste water, membrane separation is the apt solution and this will eventually fuel the overall growth of this market industry. Increasing production activities and escalated investments in industrial equipment are also predicted to impel the growth of the market. Many developing markets are also rendering considerable growth opportunities due to the increasing need for waste water treatment. Encouraging regulatory policies like Clean Water Act in regions that have been affected by shortage of water have stimulated the product demand on the global front. However, new market entrants find it difficult to establish owing to high need of capital investment and this acts as a market barrier for this industry. Factors like chemical corrosion, membrane fouling, such as fault installation and maintenance and oxidation restrain the growth of this market on a global level.

The major market players of the global membrane separation market are GE Water & Process Technologies (U.S.), The Dow Chemical Company (U.S.), Merck Millipore (Germany), The 3M Company (U.S.), Koch Membrane Systems Inc. (U.S.), Asahi Kasei Corporation (Japan), Danaher Corporation (U.S.), Toray Industries (Japan), Pentair plc (U.K.), Hydranautics (U.S.), Nitto Denko Corporation and Axeon Water Technologies. The end user applications of the global market of this industry are Pharmaceutical, Water & Wastewater Treatment, Industrial Processing, and Food & Beverage. Lastly, the process segment of this market has been segmented into ultrafiltration, nanofiltration, reverse osmosis and microfiltration.

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