The membrane separation market was worth over USD 16.9 million in 2012. It is anticipated to grow from 2012 to 2020. Shift from conventional water-treatment techniques towards physical ones would be the chief market propeller in the years ahead.
Emphasis on ecological sustainability will support the demand for membrane separation technology. Governments around the world have imposed regulations with respect to treatment of water and waste-water. The Clean Water Act in the U.S. regulates disposal of pollutants in water. It also sets quality standards for surface water.
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Industries are increasingly opting for membrane separation to reduce their water footprint. Moreover, the technology offers benefits like minimal operation area and high filtration efficiency. Escalating industrialization would lead to higher demand for membrane separation. Upcoming processes and applications like forward osmosis and hybrid forward osmosis for waste-water recycling and water desalination present future opportunities for the membrane separation market.
The market is segmented on the basis of three segments. These are products, applications, and regions. Products comprise nanofiltration, microfiltration, reverse osmosis, and ultrafiltration. Microfiltration was the leading product in 2013. It captured over 30% of the market that year. The sector will continue being lucrative due to adoption of microfiltration membranes as pre-filters to ultrafiltration and reverse osmosis. Ultrafiltration will grow healthily over the next eight years.
The application sectors comprise industrial, healthcare, and water & waste-water treatment. Water & waste-water treatment occupied about 36% of the market in 2013. They would be the leading application in the forthcoming years. Industrial and healthcare would register healthy growth.
Regions covered by the membrane separation market comprise North America, Asia Pacific, Europe, and ROW – Rest of the World. North America will benefit from upgradation initiatives for existing membrane separation systems. Rapid development in China would contribute to Asia Pacific. Strict regulations for water and waste-water treatment are also favorable for the region.
Europe, with a revenue share exceeding 34%, was the leader in 2013. Industrial growth will positively affect the region in the near future. Leading players in the worldwide membrane separation market are GEA Filtration, Pall Corporation, 3M Purification Inc., Nitto Denko Corporation, and Koch Membrane Systems. Mergers and acquisitions are one of the growth strategies adopted by players.
Information Source: Grand View Research
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