The Membrane Separation Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Membrane Separation Systems Global Market Report 2024, The membrane separation systems market size has grown strongly in recent years. It will grow from $28.66 billion in 2023 to $31.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to water scarcity concerns, wastewater treatment needs, food and beverage processing, pharmaceutical industry growth, biotechnology applications..
The membrane separation systems market size is expected to see strong growth in the next few years. It will grow to $43.43 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rising industrialization, urbanization and population growth, advancements in healthcare, focus on sustainable practices, increasing awareness of water quality.. Major trends in the forecast period include integration in industrial gas separation processes, expansion in the dairy processing sector, rising utilization in blood purification technologies, focus on point-of-use water purification devices, increased implementation in the oil and gas industry..
Surging demand for clean, safe, and potable water is expected to propel the growth of the membrane separation systems market going forward. The demand for clean, safe, and portable water refers to the need for access to water that is free from contaminants, pathogens, and pollutants. Membrane separation systems help in meeting the demand for clean, safe, and portable water by selectively filtering out impurities and contaminants from water, providing an effective method for water purification and treatment. For instance, in March 2022, according to World Health Organization, a Switzerland-based international public health organization, 5.8 billion people constituting 74% of the global population used safely managed drinking water services. Further, in March 2021, according to United Nations Environment Program, a Kenya-based organization responsible for environmental issues, globally around 3 billion people are at risk of disease due to water quality, and over 40% of the 75,000 bodies of water surveyed across 89 nations were judged to be seriously contaminated. Therefore, the surging demand for clean, safe, and potable water is driving the growth of the membrane separation systems market.
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The membrane separation systems market covered in this report is segmented –
1) By Type: Microfiltration, Ultrafiltration, Nanofiltration, Reverse Osmosis, Chromatography, Ion Exchange
2) By Material: Polyethersulfone (PES), Polysulfone (PSF), Polypropylene (PP), Polyvinylidene Fluoride (PVDF), Polyacrylonitrile (PAN), Other Materials
3) By Application: Environmental, Food And Beverages, Healthcare, Other Applications
Product innovations are a key trend gaining popularity in the membrane separation systems market. Companies operating in the membrane separation systems market are innovating new products to sustain their position in the market. For instance, in November 2022, Alfa Laval AB, a Sweden-based industrial machinery manufacturing company launched MultiSystem, a multipurpose membrane filtration system. This system consists of a cross-flow-skid mounted membrane filtration system connected to the upstream and downstream operations, it increases the flexibility of the process applications like purification of proteins, starch and sugar, amino acid and peptide streams, and water recovery from condensates.
The membrane separation systems market report table of contents includes:
1. Executive Summary
2.Membrane Separation Systems Market Characteristics
3. Membrane Separation Systems Market Trends And Strategies
4. Membrane Separation Systems Market Analysis
5.Membrane Separation Systems Market Size And Growth
6.Membrane Separation Systems Segmentation
7.Membrane Separation Systems Regional And Country Analysis
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27.Membrane Separation Systems Competitive Landscape And Company Profiles
28. Membrane Separation Systems Key Mergers And Acquisitions
29.Membrane Separation Systems Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Dow Inc.
- Koch Membrane Systems Inc.
- 3M Company
- Pall Corporation
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Despite featuring a largely fragmented vendor landscape, the global market for membrane separation witnesses a strong grasp of large players operating internationally, notes a recent market research report by Transparency Market Research.
Small-scale vendors in the market have a good hold on a few end-use industries in regional pockets but large vendors, such as Koch Membrane Systems Inc. and The Dow Chemical Company continue to set their dominance with the help of vast product portfolios, well-established delivery channels, and good brand equities.Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1862Companies are also ploughing in increased resources into R activities to come up with innovative and more reliable membrane separation systems to make the most of changing consumer demands and serve new application areas.
Other leading vendors in the market are 3M, GE Healthcare, Pall Corporation, Novasep, Sartorius AG, Amazon Filters, Merck Millipore, Advantec MFS Inc., and TriSep Corporation.According to the report, the global membrane separation market will expand at a promising 9.3% CAGR from 2017 to 2025, rising to a revenue opportunity of US$61,801.9 mn by 2025 from US$28,134.4 mn in 2016.Request COVID Analysis on Membrane Separation Systems Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=1862 Microfiltration Technology Acquires Maximum Revenue ShareIn terms of technology, the report observes that the microfiltration technology accounted for the dominant share in the global revenue in 2016, thanks to the massive use of the technology in the biopharmaceutical industry.
However, the segment is likely to show sluggish growth over the next few years owing to stagnant growth opportunities in developed regions and the introduction of newer and more effective varieties of membrane separation systems.From a geographical standpoint, the market in Europe is presently the leading revenue contributor to the global membrane separation market and is likely to account for a promising share in the overall market over the forecast period as well.
However, the market in Asia Pacific is expected to emerge as the regional market with the most promising growth avenues owing to the increased focus of municipalities on reusing the large quantities of wastewater generated from the region’s thriving industrial sector.Request Customization on Membrane Separation Systems Market Report –https://www.transparencymarketresearch.com/sample/sample.php?flag=CR_id=1862Increased Focus of Municipal Bodies on Wastewater Management to Drive MarketOne of the key factors working in favor of the global membrane separation market is the increased focus of municipal corporations across the globe on the establishment of wastewater treatment plants to save the wastage of industrial waste water that can be reused for a variety of purposes.
This is particularly true for emerging economies that are witnessing a massive rise in industrialization activities and significant rise in population, making wastewater treatment and reuse all the more important.The vast benefits of membrane separation technology as compared to other separation technology, such as highly organized operation, no use of chemicals for separation, and low consumption of energy, also work on the market’s favor.
