According to a market research report published by Transparency Market Research, the global membrane separation market is estimated to expand positively at a CAGR of 10.8% during the period between 2013 and 2019.
The report, titled “Membrane Separation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” projects the global membrane separation market to be worth US$39.2 bn by the end of 2019. The overall market stood at a valuation of US$19.0 bn in 2012.
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In the membrane separation technology, a semipermeable barrier controls the rate of movement of various molecules between two gaseous phases or two liquid phases or a gas and a liquid phase. The widely used membrane separation processes include ultrafiltration, microfiltration, reverse osmosis, nanofiltration, dialysis, electrolysis, membrane distillation, and others. In the recent times, the membrane separation technology has gained popularity amid rapid industrialization and water pollution.
The report points out that the growing demand for clean water from the municipal sector is driving the growth of the global membrane separation market. The rising interest in water reuse and wastewater treatment, coupled with stringent environmental regulations regarding water pollution, has boosted the demand for membrane separation.
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The rapid industrialization across the developing economies and the growing population in water stressed areas are expected to augment the growth of the market during the forecast horizon. However, high operational and installation costs and the lack of funds in the developing countries will restrict the growth of the market. Nevertheless, the global membrane separation market has a huge opportunity to grow with the shift towards chemical free water treatment process across industries.
In terms of process, the report broadly segments the global membrane separation market into microfiltration, reverse osmosis, nanofiltration, and ultrafiltration. Microfiltration holds more than 35% of the market. On the basis of end users, the report categorizes the market into industrial, healthcare, and water and wastewater treatment. Water and wastewater treatment is the largest end user segment and accounts for over 36% of the market.
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The report studies the membrane separation market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. Owing to the growing demand from countries such as Singapore, Malaysia, Japan, India, and China, Asia Pacific is expected to contribute significantly towards the growth of the global market for membrane separation during the forecast horizon.
The growth of the market in this region can be attributed to the rapid industrialization which is leading to water pollution. The increasing population in Asia Pacific and growing scarcity of potable water have compelled authorities to focus on waste water treatment measures.
Describing the competitive landscape, the report profiles some of the key players in the global membrane separation market such as Hyflux, Kubota, Asahi Kasei Corporation, Pentair X-Flow, Pall Corporation, Evoqua Water Technologies LLC, GE Water & Process Technologies, IDE Technologies, TriSep Corporation, 3M Company, The Dow Chemical Company, Koch Membrane Systems Inc., and Sartorius AG. The report further provides insightful information about the key players including their product segments, financial performance, and strategic developments.