Membrane Separation Technology Market worth 28.10 Billion USD by 2022
The report "Membrane Separation Technology Market by Application (Water & Wastewater Treatment, Food & Beverage, Medical & Pharmaceutical, Industrial Processing), Technology (RO, UF, MF, NF), and Region - Global Forecast to 2022", The membrane separation technology market is projected to grow from USD 18.55 Billion in 2016 to USD 28.10 Billion by 2022, at a CAGR of 7.2%. This market is mainly driven by the water & wastewater treatment, medical & pharmaceutical, food & beverages, and industrial processing sectors. Growing pharmaceutical and industrial development in North America and Asia-Pacific are driving the growth of this market.
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Reverse Osmosis: The largest used technology segment in the membrane separation technology market
Various technologies are being used in the membrane separation technology market, including reverse osmosis, micro filtration, ultrafiltration, and nanofiltration, among others. Among these, in 2016, the RO technology is estimated to have accounted for the largest market share due to its cost-effective and energy-efficient characteristics. RO desalination has also become a more reliable option with advancements in technology, and is widely used in the desalination of seawater and brackish water. Nanofiltration (NF) is the fastest-growing technology in the membrane separation technology market due to its ability to separate particles upto 0.002 ěm.
Water & waste water treatment: The largest application in the membrane separation technology market
Membrane separation technology is used in various applications such as water & waste water treatment, medical & pharmaceutical, food & beverages, industry processing, and others. The water & waste water treatment application is estimated to have accounted for the largest market share due to the increasing usage of membrane separation technology for microbial removal, desalination of sea water, sewage treatment, wastewater treatment of water from industries, processing of natural mineral water, production of potable water, and treatment of brackish water. The medical & pharmaceutical industry is projected to register the highest CAGR from 2017 to 2022, in terms of value among all the industries considered.
Asia-Pacific: The fastest growing market for membrane separation technology
The Asia-Pacific region is the fastest growing market for membrane separation technology. Factors driving the membrane separation technology market in the Asia-Pacific region are:
- Growing demand from applications such as water & waste water treatment, medical & pharmaceutical, and food & beverages in major countries such as China and India
- Increasing investments in the membrane separation technology market in the region
Key players in the membrane separation technology market are The Dow Chemical Company (U.S.), The 3M Company (U.S.), GE Water & Process Technologies (U.S.), Toray Industries (Japan), Merck Millipore (Germany), Asahi Kasei Corporation (Japan), Hydranautics (U.S.), Danaher Corporation (U.S.), Pentair plc (U.K.), and Koch Membrane Systems Inc. (U.S.).
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