MEMBRANE SEPARATION MARKET ANALYSIS

Membrane Separation MarketSize and Trends

The global Global Membrane Separation Market is projected to reach around US$ 24.3 Bn  by the end of 2030, in terms of revenue, growing at a CAGR of 8% during the forecast period (2023-2030).

Market Trends-

Product innovation by key players is one of the major business strategies in the market expected to increase the market growth of membrane separation. For instance, in January 2023, Koch Separation Solutions (KSS) partnered with Aqana Koch Separation Solutions  transforms the landscape of separations by developing and leveraging synergistic technology such as membrane filtration, ion exchange, evaporation, drying, and more, to bring anaerobic wastewater treatment technology to industrial customers in North America. By combining Aqana and KSS experience, consumers can leverage the benefits of Moving Bed Biofilm Reactors (MBBR), Membrane Bioreactors (MBR), and Reverse Osmosis (RO) to meet a variety of industrial wastewater treatment challenges.

In May 2022, Sartorius AG, a pharmaceutical and laboratory equipment supplier company, expanded its global production capacity with the expansion of its manufacturing site in Tunisia. Enabling the Germany-based company to increase the production of fluid management technologies.

In 2022, Molnlycke, a global leader in medical products and solutions, will launch two historic products. Partnership with Veolia and Engie, global sustainability solution providers, to meet the company aims to meet market demand and build a sustainable healthcare manufacturing ecosystem. Providing best-in-class, energy-efficient wastewater treatment systems  

In August 2022, 3M Company, a conglomerate company, announced the debut of 3M VHB Extrudable Tape, a new manufacturing bonding solution that is elevated levels of automation, simplicity, and sustainability across industries. This end-to-end bonding solution combines all the benefits of 3M VHB Tapes with the versatility of a liquid adhesive in a single contained footprint enabling usage on any scale.

Figure 1: Global Membrane Separation Market Share (%) in terms of Value, By Region, in 2022

Europe region dominated the global Membrane Separation Market in 2022, accounting for a 35% share in terms of value, followed by Asia Pacific and North America, respectively.

Global Membrane Separation Market: Market Segmentation

Figure 2: Global Membrane Separation Market Market: By Technology

On the basis of Technology in 2022, the microfiltration segment has accounted for the largest market share of 33% in terms of value