As per estimates of a report by Transparency Market Research (TMR),
the global membrane separation systems market will clock a CAGR of
9.3% for the forecast period from 2017 to 2025. Expanding at this
rate, the market’s valuation of US$28,134.4 mn in 2016 will become
US$61,801.9 mn by the end of 2025.
Amongst several driving factors, a significant part of the demand for
membrane separation systems originates from municipal corporations.
At present, measures for water reuse and wastewater treatment to save
wastage of the essential commodity is the consideration of
environmental agencies. This has boosted the uptake of membrane
separation technologies, which in turn is stoking demand for membrane
separation systems.
In particular, emerging economies that are underway rapid
industrialization and facing population explosion in water-stressed
areas are expected to augment the growth of this market in the
upcoming years.
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Membrane separation technology has emerged as the most important
separation technology over the last couple of years. This is because
membrane separation technology is free of chemicals, consumes less
energy, and operates in an organized manner, which conventional
separation techniques lack. Due to the distinct offerings of membrane
separation technology, it is increasingly being used for different
processes in water management, wastewater and process water
treatment, food and beverage, life sciences, and pharmaceutical
industries. The technology is also used for separation processes in
chemical, petrochemical, and manufacturing industries.
Apart from this, several governments and metropolitan planners are
awakening to the impact in the event of a shortage of water which is
an everyday essentiality. This is pushing the need for innovations
for water treatment, thereby paving way for the growth of the
worldwide market for membrane separation systems.
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The microfiltration segment, among the key technology segments, held
the leading share in the global membrane separation systems market in
2016. By application, the environmental segment holds the leading
share among other segments in the membrane separation systems market.
Europe held the commanding share vis-à-vis revenue in the global
membrane separation systems market among other key regions in 2016.
However, on the downside, high establishment and operational costs,
insufficient infrastructure, and availability of other water cleaning
and treatment procedures are posing a challenge to the growth of
membrane separation systems market.
Amidst a fragmented vendor landscape in the global membrane
separation systems market, large players that operate globally have
been observed to hold supremacy in the overall market, as per one of
the current reports by Transparency Market Research (TMR). In a
typical scenario in this market, small scale vendors operate in
regional markets serving a few end-use industries, whereas market
leaders such as The Dow Chemical Company and Koch Membrane Systems
Inc. not only operate globally but have serve a number of end-use
industries. The topnotch companies are also upping spends on research
and development to introduce innovative systems.
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Pall Corporation, Sartorius AG, 3M, Amazon Filters, Advantec MFS
Inc., GE Healthcare, Merck Millipore, Novasep, and TriSep Corporation
(Microdyn-Nadir US, Inc.) are to name some other prominent companies
in the global membrane separation systems market.
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