- Summary
- Table Of Content
- Methodology
Membrane Separation Materials Market Introduction :
Consegic Business Intelligence analyzes that the membrane separation materials market is growing with a healthy CAGR of 5.1% during the forecast period (2023-2030), and the market is projected to be valued at USD 18,722.73 Million by 2030 from USD 12,684.00 Million in 2022.
Membrane Separation Materials Market Definition & Overview:
The membrane separation is a procedure where a membrane is utilized to split the parts in a solution by eliminating unwanted substances. This enables the useful components to pass through the membrane. The materials utilized in the process of membrane separation are vital to ensure superior efficiency in the process. The various types of membrane separation materials include polymers, ceramics, metals, and others. The prime benefits associated with the above-mentioned materials include ease of operation in a diverse PH range, superior mechanical resistance, excellent strength, and others. As a result, membrane separation materials are an ideal choice for various end-use industries, including water and wastewater, food and beverage, pharmaceuticals, and others.
Membrane Separation Materials Market Insights :
Membrane Separation Materials Market Dynamics - (DRO) :
Key Drivers :
Rising adoption of membrane separation materials in water and wastewater treatment plants
Membrane separation materials are utilized in microfiltration processes in water and wastewater plants. The deployment of membrane separation materials in the above process results in low operating pressure, cost-effectiveness, and others. The sewage treatment connection rate connected to wastewater treatment plants is growing at the global level. As a result, there is a higher adoption of membrane separation in wastewater treatment in order to ensure separation efficiency. For illustration, according to the recent statistics published by Organisation for Economic Co-operation and Development (OECD), in 2019, the sewage treatment connection rate in Austria was 95.95% of the Austrian population, and in 2020, it increased to 96.04% of the Austrian population. Therefore, the increasing sewage connection rate is accelerating the demand for water and wastewater treatment plants. This is fostering the demand for membrane separation materials to ensure mild operating conditions, which, in turn, is benefiting the market growth.
The booming pharmaceuticals industry is accelerating the growth of the market
Membrane separation materials are an ideal option for the pharmaceutical industry to ensure efficient ultrafiltration. The employment of membrane separation materials in ultrafiltration is useful for enzyme synthesis. Global pharmaceutical industry growth can be ascribed to a variety of causes, including increased output, new facility developments, and government pharmaceutical industry activities. For instance, according to the European Federation of Pharmaceutical Industries and Associations, the total production of the pharmaceutical industry in Europe was valued at USD 339.7 billion in 2021, depicting an increase of 4.6% in comparison to USD 324.7 billion in 2020. Hence, the growth of the pharmaceutical sector is driving the demand for membrane separation materials for its implementation in pharmaceutical facilities to remove dissolved contaminants from water, which is boosting the growth of the market.
Key Restraints :
The higher cost of membrane separation materials systems is posing a major bottleneck for the market growth
The overall cost structure of the membrane separation materials system is primarily determined by the costs of production, followed by the cost of raw materials. Moreover, compliance with regulations, testing costs, and other factors are inducing membrane separation materials manufacturers to increase their product prices. In addition, other factors such as higher maintenance costs, sophisticated manufacturing processes, and other factors impact the overall cost of membrane separation materials at the global level. For instance, in April 2022, SNF Group, a leading polymer manufacturer increases the prices of polymer materials by 10% to 20%. Hence, the above factors are leading to the high prices of membrane separation materials, which, in turn, is restraining market growth.
Future Opportunities :
Development of new food and beverage projects will create a potential for the market growth
Membrane separation materials are employed in the reverse osmosis process to remove pathogens, chemicals, and other suspended particles from water. The increasing development of new food manufacturing facilities at the global level. Due to the increasing investments in new manufacturing plants is expected to foster the demand for membrane separation materials, which, in turn, will create a potential growth opportunity. For instance, in November 2022, Hershey, a United States-based manufacturer of snacks such as chocolates, cookies, cakes, and others announced the development of a new food manufacturing facility in Pennsylvania, U.S. The construction of the state-of-the-art food manufacturing facility will be completed by the end of 2024. Thus, the development of new food manufacturing facilities is projected to drive the demand for membrane separation materials to ensure efficient water purification in food and beverage plants, this, in turn, will accelerate the market growth in the long run.
Membrane Separation Materials Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 18,722.73 Million |
| CAGR (2023-2030) | 5.1% |
| By Type | Polymers, Ceramics, Metals, and Others |
| By End-use Industry | Water and Wastewater, Food and Beverage, Pharmaceuticals, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | BASF SE, Solvay S.A., Arkema AG, DuPont, 3M, Daikin Chemicals, Chemours Company, Gujarat Fluorochemicals Ltd, Hyflux Ltd., and Corning Incorporated |
Membrane Separation Materials Market Segmental Analysis :
Based on the Type :
The type segment is categorized into polymers, ceramics, metals, and others. In 2022, the polymers segment accounted for the highest market share of 38.55% in the overall membrane separation materials market. Polymer materials such as thermoplastic polymer and thermosetting polymer are equipped with various beneficial features such as excellent strength, lightweight, superior toughness, higher resilience, resistance to corrosion, superior transparency, and others. These beneficial features of polymers result in increased operation simplicity, high selectivity, low energetic requirement, excellent stability, and others. As a result, the polymer is frequently utilized in membrane separation for various end-use industries, including pharmaceuticals, water and wastewater treatment, and others. For instance, in June 2023, the Indian Government announced the development of a Sewage Treatment Plant of 249 MLD Capacity in Lucknow, India. The construction of the project will be completed by the end of 2025. Hence, the growth of the above industries is accelerating the demand for membrane separation to reduce contamination in water. This is leading to the demand growth for polymers to ensure superior strength for membrane separation, which, in turn, is benefiting the market growth.
However, the ceramics segment is expected to be the fastest-growing segment during the forecast period. This is due to the vital features of ceramics such as excellent wear resistance, excellent hardness, relatively lightweight, and others.
Based on the End-Use Industry :
The end-use industry segment is categorized into water and wastewater, food and beverage, pharmaceuticals, and others. In 2022, the water and wastewater segment accounted for the highest market share in the membrane separation materials market. The membrane separation materials are utilized in the membrane separation processes such as reverse osmosis (RO), microfiltration (MF), and others to purify wastewater and eliminate hazardous substances from drinking water. For illustration, in August 2021, Doosan Enpure and Bam Nuttall formed a joint venture to relocate Thames Water's sewage-treatment work in Guildford, the United Kingdom. The project involved the demolition of the existing facility to construct a new facility on the site. It also includes the construction of facilities to perform the four stages of water treatment. The project is scheduled to be completed in early 2026. Therefore, the development of new wastewater treatment plants is boosting the demand for membrane separation to ensure microfiltration (MF) and ultrafiltration (UF). Thus, the adoption of membrane separation materials is increasing to eliminate harmful substances from liquids to remove harmful substances from liquids, which, in turn, is fostering market growth.
However, the pharmaceuticals segment is expected to be the fastest-growing segment during the forecast period because of the development of new pharmaceutical manufacturing facilities, increasing research & development, and others.
Based on the Region :
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
In 2022, Asia Pacific accounted for the highest market share at 38.50% and was valued at USD 4,883.34 million, and is expected to reach USD 7,241.95 million in 2030. In Asia Pacific, China accounted for the highest market share of 26.50% during the base year of 2022. This is due to the growth of various end-use industries such as water and wastewater, pharmaceuticals, and others. For instance, India's largest wastewater treatment facility Okhla Waste Water Treatment Plant is expected to be operational in the 3rd quarter of 2023. Furthermore, the International Trade Administration projects that the Vietnamese pharmaceuticals market will expand by 10% annually between 2017 and 2028, with revenues per capita nearly tripling between 2017 and 2027. Henceforth, the growth of the industries such as water and wastewater, pharmaceuticals, and many more in the Asia Pacific region is benefiting the growth of the market.
However, Europe is expected to witness significant growth over the forecast period, growing at a CAGR of 5.6% during 2023-20230. This is due to the increasing development of new wastewater treatment and food & beverage plants in the region.
Top Key Players & Market Share Insights :
The membrane separation materials market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-
- BASF SE
- Solvay S.A.
- Hyflux Ltd.
- Corning Incorporated
- Gujarat Fluorochemicals Ltd
- Arkema AG
- DuPont
- 3M
- Daikin Chemicals
- Chemours Company
Recent Industry Developments :
- In January 2022, Toray Industries, Inc., a Japan-based manufacturer of materials launched a polymeric separation membrane module. Thus, the development of a new range of products will drive the growth of the market.
Key Questions Answered in the Report
What was the market size of the membrane separation materials industry in 2022? +
In 2022, the market size of membrane separation materials was USD 12,684.00 million
What will be the potential market valuation for the membrane separation materials industry by 2030? +
In 2030, the market size of membrane separation materials will be expected to reach USD 18,722.73 million.
What are the key factors driving the growth of the membrane separation materials market? +
Rising adoption of membrane separation materials in water and wastewater treatment plants
What is the dominating segment in the membrane separation materials market by type? +
In 2022, the polymers segment accounted for the highest market share of 38.55% in the overall membrane separation materials market.
Based on current market trends and future predictions, which geographical region is the dominating region in the membrane separation materials market? +
Asia Pacific accounted for the highest market share in the overall membrane separation materials market.
