DuPont (US) and Toray Industries, Inc. (Japan) are Leading Players in the Membranes Market
The membranes market is projected to reach USD 11.1 billion by 2029, at a CAGR of 8.6% from USD 7.4 billion in 2024. The growth of the global membranes market is fueled by rising concerns about wastewater discharge and drinking water quality. Growing demand from various end-use industries such as food & beverage, pulp & paper, chemical & pharmaceutical, pharmaceutical, oil & gas, textile, and power play a pivotal role in propelling market growth. The increasing awareness about personal care will increase the demand for potable water, which will drive the demand for membranes in water treatment.
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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DuPont
DuPont is one of the leading manufacturers of technology-based materials and solutions. The company operates through three reportable business segments: electronics & industrial, water & protection, and corporate & others. The water & protection business segment of the company offers three major product lines—safety solutions, shelter solutions, and water solutions. The water solutions product line provides membranes under the FilmTec, IntegraFlux, and IntegraPac brand names. DuPont serves its offerings to a wide range of industries, such as municipal drinking water and wastewater, food & beverage, power generation, microelectronics, oil & gas, pharmaceutical, and industrial wastewater. DuPont has global operations with about 120 facilities in total. The company has 33 sites for its water & protection business located across the US, Canada, and in countries of Asia Pacific, Europe, and the Middle East & Africa. In 2019, DuPont further strengthened its footprint with the acquisition of ultrafiltration business from BASF and Evoqua Water Technologies.
Toray Industries, Inc.
Toray Industries, Inc. is a multinational corporation involved in manufacturing, processing, and selling fibers & textiles, plastics & chemicals, IT-related products, carbon fiber composite materials, environment & engineering products and systems, and life science products worldwide. The company operates through six business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, life science, and other businesses. Its environment & engineering segment offers various membrane products, including RO & nanofiltration membranes, UF & MF membranes, and membrane bioreactors. Toray Industries, Inc. has a worldwide presence with operations in 29 countries. The company has seven manufacturing facilities for its water business. These facilities are located across Japan, the US, China, and South Korea.
Related Reports:
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
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