Summary
Major players in the membrane separation technology market are Merck KGaA, Toray Industries Inc., Pentair PLC, Hydranautics, AXEON Water Technologies, GEA Group Aktiengesellschaft, Koch Separation Solutions, Corning Incorporated, Danaher Corporation, 3M Company, Suez SA, Asahi Kasei Corporation, DuPont, Mann+Hummel, Huber SE, Parker Hannifin Corporation, Danaher, Nitto Denko Corporation, Synder Filtration Inc., Via Separations, NX Filtration BV, Applied Membranes Inc., Culligan Water and PCI Membranes.
The global membrane separation technology market is expected to grow from $23.01 billion in 2022 to $25.31 billion in 2023 at a compound annual growth rate (CAGR) of 10%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every markets across the globe. The membrane separation technology market is expected to reach $36.07 billion in 2027 at a CAGR of 9.3%.
The membrane separation technology market consists of revenues earned by entities by providing services such as adsorption, distillation, desalination, wastewater treatment, bio purification, separation, solvent purification, recovery and fouling.The market value includes the value of related goods sold by the service provider or included within the service offering.
The membrane separation technology market also includes sales of dense membranes, porous membranes, and asymmetric membranes, which are used in providing membrane separation technology services.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Membrane separation technology is a technique that employs tiny holes or gaps in the molecular arrangement of a continuous structure to selectively separate (fractionate) components. Pore size and separation driving force are used to categorize membrane separations.
Asia-Pacific was the largest region in the membrane separation technology market in 2022.North America is expected to be the fastest-growing region in the forecast period.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of mining equipment are mining drills and breakers, crushing, pulverizing and screening equipment, mineral processing equipment, surface mining equipment, and underground mining equipment.Mining drills and breakers are tools used to drill into the surface of the earth for mining operations and to break or destroy rocks or stones for mining.
The types of powertrain including IC engine vehicle and electric vehicle used for various applications such as metal mining, mineral mining and coal mining.
The growing demand for purified, clean drinking water is expected to propel the growth of the membrane separation technology market in the coming future.Purified and clean drinking water refers to water that has been filtered or treated from groundwater or tap water to eliminate impurities like chemicals and other pollutants using techniques like distillation, deionization, reverse osmosis or other appropriate procedures and drinking water refers to working, upgraded drinking water supply on the property or close by, as well as water points available to all people.
The membrane separation technique is favored over other separation technologies due to its advantageous properties such as minimal emission, a high degree of automation, high separation efficiency, and a small footprint.For instance, in 2021, the United Nations International Children’s Emergency Fund, a US-based United Nations organization in charge of delivering help for children’s development and humanitarian needs across the world assisted in the drilling of boreholes at 87 schools, providing 43,500 students with safe drinking water.
Similarly, in 2021, 2.5 million individuals lacked access to basic water eight percent more than in 2020. Therefore, the growing demand for purified, clean drinking water is driving the growth of the membrane separation technology market.
Product innovation is the key trend gaining popularity in the membrane separation technology market.Major companies operating in the membrane separation technology market are focused on developing innovative products to strengthen their position in the market.
For instance, in April 2021, Koch Separation Solutions, a US-based company creating and deploying synergistic technologies such as membrane filtration, ion exchange, evaporation, drying, and others launched INDU-COR HD (High Density) a superior technology aimed at more efficiently treating different industrial waste streams.INDU-COR HD has a greater packing density of up to 300 percent, making crossflow filtration more cost-effective while occupying less area.
This innovative product configuration lowers consumers’ waste treatment costs while increasing operational effectiveness and sustainability.
In January 2021, SUEZ, a France-based utility company that operates mostly water and wastewater management acquired LANXESS reverse osmosis membrane portfolio for an undisclosed amount.Through this acquisition, SUEZ incorporates an innovative, complementary RO membranes technology, with the addition of these membranes, the division of Water Technologies & Solutions will be able to offer its clients a broader range of water treatment-related services.
It will also assist SUEZ to strengthen its expansion in accordance with the strategic plan "Shaping SUEZ 2030" and increase both its production capacity and its product offering. LANXESS is a Germany-based manufacturer that produces, creates, and sells plastics, specialized chemicals, additives, and chemical intermediates operating in the membrane separation technology market.
The countries covered in the Membrane Separation Technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The mining equipment market research report is one of a series of new reports that provides mining equipment market statistics, including mining equipment industry global market size, regional shares, competitors with a mining equipment market share, detailed mining equipment market segments, market trends and opportunities, and any further data you may need to thrive in the mining equipment industry. This mining equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
