The global market for Membrane Separation Technologies is projected to reach US$29.2 Billion by 2024, driven by growing demand for clean water, stringent regulations on water and wastewater quality and technological advances.
Evolved from physical, chemical and technical techniques, membrane separation technology is emerging as the most sought after separation techniques. With origins in water treatment for potable use, advances in system designs, materials along with process combinations have rendered membrane separation technologies expanded its use to several other industries. Growing population, rapid growth in urbanization, rising water scarcity, increasing pollution, growing demand for high purity levels and tightening government regulations are driving demand for advanced separation technologies. Increasingly stringent regulations have made use of traditional filtration-based separation technologies in isolation inadequate in meeting stipulated standards, translating in to growing opportunities for membrane separation technologies. Inability of addressing needs from natural sources such as rivers and lakes is pressing the need for water reuse through treatment of brackish water, wastewater, seawater and other such sources thereby driving demand.
Technology advancements which have made membrane separation technologies cost-effective, smaller in size and highly efficient facilitating their adoption in increasing number of wastewater applications, is also stimulating demand. With declining technology costs, energy requirements and operation periods, membrane wastewater treatment systems are likely to expand in terms of application across a range of municipal and industrial areas. Microfiltration, ultrafiltration, nanofiltration and reverse osmosis represent the key membrane separation technologies. Ultrafiltration membranes are capable of separating large organic molecules, and are particularly useful for water purification applications involving medium with incomplete coagulation and low coagulation concentrations. Their ability to negate the need for primary chlorination is driving demand for ultrafiltration membranes. Reverse osmosis (RO), with applications in desalination, pharmaceutical water and power plant boiler feed water, forms the largest segment for membrane separation technologies. Nanofiltration, alongside RO, represents the fastest growing technologies. Continuing technological advancements, high efficiency in separation, growing application areas and significant ongoing research are expected to drive demand for nanofiltration membrane separation in the years to come. Water treatment remains the largest end-use application of membrane separation technologies, although industrial applications such as pharmaceutical and food & beverage are spearheading growth.
Asia-Pacific represents the largest market worldwide. The region also represents the fastest growing market with a CAGR of 9.8% through the analysis period, driven by growing population, increasing urbanization, chronic water scarcity, growing awareness, nascent water treatment infrastructure and stringent regulations. Growing industrialization in emerging markets is resulting in high demand for clean water, which along with growing quantity of industrial effluents, is also driving demand. With regulations tightening around water quality, Asia-Pacific and other emerging markets are becoming lucrative markets for technology vendors from across the globe. Increasing government support in adoption of the high cost membrane separation technologies is expected to lend traction.
Major players in the market include 3M Purification Inc., Applied Membranes, Inc., Culligan International Company, Degremont SA, Dow Water & Process Solutions, EMD Millipore, Evoqua Water Technologies LLC, GE Water & Process Technologies, GEA Group AG, Hainan Litree Purifying Technology Co., Ltd., Hyflux Ltd., Koch Membrane Systems, Inc., Kubota Corp., Nitto Denko Corporation, Pall Corporation, Pentair plc, Pervatech BV, Pure Aqua, Inc., Sartorius AG, Sulzer Ltd., Toray Industries, Inc., Toyobo Co., Ltd., Veolia Environnement SA and Xylem, Inc.