ID: MRFR/CnM/9276-HCR | 100 Pages | Published By Priya Nagrale on March 2023
The membranes market size is projected to be worth USD 13.2 billion by 2030, registering a CAGR of 8.50% during the forecast period (2021–2030).
Membranes Market Overview
The membranes market size is projected to be worth USD 13.2 billion by 2030, registering a CAGR of 8.50% during the forecast period (2021–2030). The market was valued at USD 5.8 billion in 2020.
Membrane processes employ a barrier layer that allows water to permeate or pass through it but rejects or retards other components from going along with that filtrate. Molecules, ions, and other tiny particles are examples of such particles. There are various membrane technologies available that include RO membrane, ultrafiltration, microfiltration, nanofiltration, and others depending on the size of the pore and particulate matters.
Rapid industrialization in emerging economies such as India, China, Thailand, Malaysia, and Indonesia is likely to increase the demand for membranes in the coming forecast period. The demand for high purity water in developing nations is being fueled by the rise of the food and beverage industry, which is fueled by rising consumption of packaged foods and functional beverages. Furthermore, increasing end-use industries including power generation, pharmaceuticals, and cosmetics and personal care offer considerable potential for membrane manufacturers. Additionally, a number of desalination facilities are projected to see an increase in water demand as a result of increased oil and gas production and extraction activities as a result of rising demand for petroleum products. The demand for membranes is projected to rise as a result of this development.
COVID-19 has had a negative impact on overall industrial production, severely impacting the production of membranes mainly due to the disruption in the supply chain across the globe. This is because of the global lockdown and restriction in traveling to limit the spread of the coronavirus. The pandemic has affected global operations of different industries, including food & beverage, textiles, chemicals & petrolchemical, as well as pharmaceuticals limiting the demand of membranes. Because membranes are widely employed in various industries, the decline in their operations has a direct impact on the supply of membranes market growth. However, as these end-use industries comes under essential services, the demand for membranes has not witnessed a notable change. Membranes are widely used in the water and waste water treatment services. Hence, the demand for membranes had witnessed a rise in demand from residential as well as commercial water treatment plants during the global pandemic. In order to meet the increased demand from end-users, membranes producers have maintained their facilities running with a limited workforce.
In addition to this, procurement of raw materials was also a major hindrance as the majority of raw materials suppliers in the market had to shut down their operating facilities due to the outbreak of COVID-19. The shutdown of various raw material producers and membranes manufacturers have reported a decline in global consumption. Looking at the situation, many companies have halted their production facilities across the globe. Some large companies, which are still working, are operating at only 40-60% efficiency. However, these companies have begun operations again as per the government norms. In addition to this, the imposition of various fiscal and monetary policies across the globe to limit the damage caused by COVID-19 by the governments and managements is expected to result in certain relief.
The use of membrane systems is increasing to produce highly purified water for numerous applications as it helps to remove all small and large ions, colloids, organics, bacteria, and pyrogens from the feed water. The surge in demand for membrane systems is likely to result in increased demand for membrane chemicals to remove the impurities collected on the surface of membranes during operation and improve the performance of the membranes.
With the increasing scarcity of water sources, farmers rely on brackish water for irrigational activities which affect the crop quality and deteriorates soil quality due to the presence of high saline content. This has resulted in a shift from the use of brackish water to desalinated water which improves crop yield and reduces operational cost. Desalinated water is generated by processing the sea and brackish water using membrane technology which removes all harmful substances such as microorganisms, bacteria, other pollutants, and dissolved matter which includes chlorides, sulfates, and silica. Additionally, the use of desalinated water is also increasing for animal feeding, which, has led to an increase in a number of desalination plants to meet all agricultural requirements worldwide.
The global membranes market is hampered by the fluctuation in crude oil prices. The high cost of raw materials affects the production cost of membranes, which leads to price increases, affecting manufacturer margins.
Membranes production need significant expenditure on research and development and installation cost. There are also strict environmental policies in developed regions that place the economic burden on the manufacturer to comply with the stringent norms.
Direct discharge of wastewater results in a harmful impact on human beings, animal, environment, and aquatic life as a result of which environmental regulations against wastewater discharge are increasing. For instance, the Clean Water Act established by the US Environmental protection Agency has set NPDES, National Pollutant Discharge Elimination System programme for setting waste discharge limits from industrial and municipal wastewater treatment facilities. Also, the Urban Waste Water Treatment Directive established by the European Union has set norms for the discharge of urban waste from industrial sectors and municipality.
The supply chain analysis is the process of evaluating every stage and step taken by stakeholders involved throughout the production and distribution of membranes. The supply chain includes raw materials and suppliers, membranes producers, distribution channels, and end-use industries. The distribution channel in this market comprises distributors, wholesalers, and e-commerce merchants.
Asia-Pacific accounted for the largest market share and is projected to witness the fastest growth in the market. This market growth can be attributed to the growing major end-use industries such as water treatment, food and beverage, pharmaceutical, and power generation. Furthermore, rising awareness about the water quality and strict government regulations in the region are likely to boost the demand for membranes. North America accounted for the second-largest share in the global market due to large production bases of membranes producers, availabilty of raw materials, and the presence of advanced manufacturing technologies. North America is followed by Europe. Europe recorded stagnant growth in the global market owing to stringent government regulations against wastewater discharge. On the other hand, The Middle East and African market is likely to grow at a healthy CAGR during the review period due to the increasing number of desalination plants to meet the growing water requirement in the region. The Latin American market is likely to create vast growth opportunities due to the rise in urbanization and industrialization in the region.
The global Membranes market is highly fragmented with various tier-1, tier-2, and unorganized players operating in the market. The key payers operating in the global market have large production bases and advanced manufacturing facilities at the domestic and international levels. This helps them supply the product to various end users globally in less time than small-scale manufacturers, providing a competitive edge in the global market. Further, manufacturers are majorly involved in the research and development activities to develop advanced technologies and expand their production facilities to cater to the growing needs of end-users globally. Moreover, manufacturers are entering into long-term partnerships with key stakeholders to gain a strong share of the global Membranes market.
Some of the prominent players in the global Membranes market include Dupont (US), Toray Industries (Japan), Hydranautics ( A Nitto Group Company) (China), Koch Separation Solutions (US), Pentair (US), Asahi Kasei Corporation (Japan), Lanxess (Germany), LG Chem (South Korea), Pall Corporation (US), and Suez (France), amongst others.
Some of the key developments include:
The membranes market is segmented by material, technology, application, and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global membranes' emerging and fast-growing segments, regions, and countries.
|Market Size||2030: USD 13.2 Billion|
|CAGR||8.50% CAGR (2021-2030)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Technology, and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa|
|Key Vendors||Dupont (US), Toray Industries (Japan), Hydranautics ( A Nitto Group Company) (China), Koch Separation Solutions (US), Pentair (US), Asahi Kasei Corporation (Japan), Lanxess (Germany), LG Chem (South Korea), Pall Corporation (US), and Suez (France)|
|Key Market Opportunities||• Increasing demand for high-quality water in numerous industries|
|Key Market Drivers||• Set up of desalination plants for irrigation purpose|
The global Membranes market would register a growth of 8.50%.
The industrial processing application will play a prominent role in taking the market forward.
Volatile prices and availability of raw materials could restrain the market.
Asia-Pacific would enjoy the upper hand in the membranes market.
China, as the largest consumer, would set the trend.