The global Membrane Separation Market is expected to surpass US$ 24.3 Billion by 2030, exhibiting a CAGR of 8 % during the forecast period (2023-2030) For instance, according to the International Milk Genomics Consortium in 2021, milk consumption per capita in Finland was 430.76 kgs, with milk consumption per person at about 41.76 gallons per year, membrane separation is an essential process in dairy products, leading to increasing demand for the membrane separation.
Dairy products not only provide high-value protein, but are also an important source of a wide range of essential micronutrients such as calcium, riboflavin, phosphorous, vitamin A and B12, potassium, and magnesium. Considering the world’s growing population and increasing demand for high nutritional products (such as milk, yogurt, cheese, etc.), demand for dairy products is expected to increase rapidly, which in turn is expected to boost growth of the global dairy products market and the membrane separation as well.
Global Membrane Separation Market is estimated to account for around US$ 14.2 Bn in terms of value in the year 2022 and it is predicted to grow at a CAGR of 8% during the forecast period (2023-2030)
Key Takeaways:
On the basis of application, water & wastewater dominated the global membrane separation market in 2021 with around 37% of the market share in terms of revenue, followed by industrial and healthcare, respectively.
Key players in the market are focusing on achieving optimal operational costs, enhancing product quality, maximizing production output, and the acquisition of small players to sustain the competition. Furthermore, the players are focusing on recovering and recycling the end-of-lifecycle membranes to reduce the raw material costs and complete the circular economy in membrane manufacturing.
Market Trends
Growing application of membrane separation across pharmaceutical and medical applications for separating fluids and particles in suspension is expected to accelerate the market growth. Moreover, growing water pollution and environmental concern are other major factors expected to foster the market growth of membrane separation. Growth in the metal, mining, and chemical processing industries is further expected to propel the market growth. Various partnership and agreements among key players in the market is a major trend and this trend is expected to bolster the market growth of membrane separation. For instance, The Linde Group and Evonik Industries (chemical company) Technology company Linde Group and specialty chemicals group Evonik Industries have signed an exclusive cooperation agreement for the use of membranes in natural gas processing have entered into an exclusive cooperation partnership on membranes for natural gas processing. The objective of this partnership is to market Evonik products across the globe.
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COVID-19 Impact:
The COVID-19 outburst across the globe severely impacted the membrane separation market The global outbreak of the novel coronavirus disease (COVID-19) has had a major impact on the trade relations of major companies. The supply of raw materials and finished products related to membrane separation technology is hampered by trade and production restrictions in some countries. However, as industrial activity and trade gradually resumed and economic conditions improved, several countries were offering boosts to trade activity, which had a positive impact on the market of major players. Key players functioning in the market are adopting new strategies in order to mitigate the impact of the COVID-19 pandemic. Mining industries across the globe are expected to function normally by the second half of the year as enterprises are focusing on returning to operations. This scenario is expected to continue with the extension of lockdowns in various countries across the globe in response to the COVID-19 pandemic.
Competitive Section:
Company Names
1. Sartorius AG.
2. 3M Company
3. Koch Membrane Systems Inc.
4. TriSep Corporation
5. The Dow Chemical Company
6. GE Water & Process Technologies
7. IDE Technologies
8. Evoqua Water Technologies LLC
9. Pentair X-Flow
10. Pall Corporation
11. Polypore International, Inc
12. Asahi Kasei Corporation
13. Hyflux
14. Kubota
