Membrane Separation Technology Market Size, Share & Trends Report by Technology (Microfiltration, Ultrafiltration, Nanofiltration, Reverse Osmosis), by Application, by Region, and Forecast the distribution, 2022 – 2030
New York, Jan. 06, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Separation Membrane Market Size, Share & Trends Analysis Report By Technology, By Application, By Region and Segment Forecasts, 2022 – 2030 ” – https://www.reportlinker.com/p06377936/?utm_source=GNW
Membrane Separation Technology Market Growth & Trends
The global membrane separation technology market size is expected to reach $62.45 billion by 2030 at a CAGR of 12.2% during the forecast period. This increase can be attributed to the increase in population that has accelerated the degradation of water resources with the pollution of soil and surface water, which has encouraged the adoption of water treatment processes and therefore has increased the demand for membrane separation technology.
Industry participants in collaboration with research centers are conducting various R&D projects to improve and accelerate membrane separation production technology.Increasing investment and continuous R&D in membrane separation technology has led to the introduction of products with greater durability and higher flow rates.
In addition, manufacturers develop industrial applications to address the specific requirements of end-use industries.
Technological advances related to improving sustainability and reducing the risk of contamination are expected to have a positive impact on the widespread use of membrane separation technology. The manufacturer has also developed a membrane separation technology that can withstand high temperatures and harsh chemical environments.
In addition, advances in manufacturing technology have allowed manufacturers to make significant improvements in increasing the surface area of the membrane per module.
The high cost associated with membrane modules has posed a major challenge to membrane separation technology. The cost of raw materials such as Polyethersulfone (PES) and Polyvinylidene Fluoride (PVDF) along with the complex manufacturing process are the main factors driving up the cost of membrane separation.
Manufacturers of membrane separation technology distribute their products through third-party distributors or often opt for direct distribution. Since the product finds many types of applications in the industrial sector, the manufacturer often caters to this sector through filtration equipment manufacturers and system integrators through direct distribution.
Membrane Separation Technology Market Report Highlights
• Water and wastewater maintenance will account for 46.1% in 2021 due to the increase in the world’s population along with the growth of industry and urbanization which is causing a lot of stress on the available fresh water sources. Furthermore, changes in rainfall and over-exploitation of groundwater resources are expected to negatively impact water availability which is expected to increase the demand for membrane separation technology.
• The reverse osmosis technology segment led the market in 2021 and is growing at a CAGR of 12.2% during the forecast period 2022-2030, due to the increasing scarcity of fresh water resources across the globe. . Countries such as China, India, the United States, the UK, and Saudi Arabia are investing heavily in the development of new desalination plants. As a result, the reverse osmosis segment is expected to witness significant growth during the forecast period
• Asia Pacific is estimated to dominate the regional market for membrane separation technology and is expected to grow at a CAGR of 14.0%, due to the rapid industrialization with strict regulations set by various governments to maintain environmental quality. The growth of industries such as chemicals, mining and metal processing is expected to increase environmental pollution. Hence, the growing need for wastewater treatment, which is expected to drive the demand for membrane separation technology
• Market demand has been hampered by the global spread of the COVID-19 pandemic in 2020. Supply of raw materials and finished goods has been hampered by restrictions on trade and production in some economies. However, the gradual recovery of industrial activities and commercial activities to ease the economic situation, many economies provide facilitation of commercial activities, thus having a positive effect on the market.
• The industry is characterized by few participants competing in the market. Developing economies are considered to offer significant growth and development opportunities for businesses. The application of reverse osmosis in seawater desalination is expected to increase competition.
Read the full report: https://www.reportlinker.com/p06377936/?utm_source=GNW
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