Membrane Separation Technology Global Market Report 2024

The membrane separation technology market size has grown strongly in recent years. It will grow from $25.23 billion in 2023 to $27.75 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The expansion observed in the historical period can be attributed to concerns related to water scarcity, efforts to improve industrial process efficiency, adherence to environmental regulations, the growth of the biopharmaceutical industry, and an increasing demand for renewable energy.

The membrane separation technology market size is expected to see strong growth in the next few years. It will grow to $40.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The anticipated growth in the forecast period can be attributed to the increasing demand for wastewater treatment, emerging biotechnology applications, a focus on sustainable energy solutions, the rapid growth in pharmaceutical manufacturing, and the expansion of the dairy industry. Major trends expected in the forecast period include the integration of membrane separation technology with IoT (Internet of Things) and AI (Artificial Intelligence), rising demand in the pharmaceutical and biopharmaceutical industries, an emphasis on sustainable solutions, expanding use in food and beverage processing, and advancements in membrane materials.

The membrane separation technology market is anticipated to experience significant growth in the foreseeable future due to the increasing demand for purified and clean drinking water. Purified and clean drinking water, obtained through processes such as distillation, deionization, reverse osmosis, or other appropriate methods, is crucial for eliminating impurities and pollutants present in groundwater or tap water. Membrane separation technology is preferred over alternative separation methods due to its advantageous properties, including minimal emission, high automation, superior separation efficiency, and a compact footprint. In 2021, the United Nations International Children's Emergency Fund assisted in providing safe drinking water to 43,500 students by drilling boreholes at 87 schools. The escalating demand for purified water is consequently propelling the growth of the membrane separation technology market.

The growth of the membrane separation technology market is further fueled by increasing environmental concerns. Environmental challenges related to the well-being and sustainability of natural ecosystems necessitate effective filtration technologies. Industries are compelled to adhere to stringent environmental regulations and address the repercussions of rapid urbanization, leading to a heightened demand for membrane separation technology to mitigate the impact of pollutants. As of September 2023, data from the World Health Organization revealed that 4.2 to 7 million people globally die from air pollution annually, with nine out of 10 people breathing air containing high pollutant levels. Consequently, the membrane separation technology market is experiencing growth driven by mounting environmental concerns.

A key trend gaining traction in the membrane separation technology market is product innovation. Major companies in the market are actively engaged in developing innovative products to solidify their market position. For instance, in April 2021, Koch Separation Solutions launched INDU-COR HD, a superior technology designed to more efficiently treat various industrial waste streams. This innovative product configuration, with a higher packing density of up to 300 percent, enhances the cost-effectiveness of crossflow filtration while occupying less space. The introduction of such innovative products aims to reduce waste treatment costs, enhance operational effectiveness, and promote sustainability in the membrane separation technology market.

Strategic partnerships and collaborations with start-ups and mid-sized companies are becoming increasingly prevalent among major players in the membrane separation technology market. These partnerships allow companies to broaden their product and service offerings and expand their geographical reach. In August 2022, Mölnlycke Health Care announced partnerships with Engie and Veolia, international sustainability solutions providers, to deliver energy-saving wastewater treatment solutions for healthcare projects. The collaborations align with Mölnlycke Health Care's goal of building a sustainable healthcare manufacturing ecosystem to meet market demands. Engie, a France-based electric utility company, and Veolia, a France-based environmental services company, are integral to these strategic partnerships.

In January 2021, SUEZ, a France-based utility company specializing in water and wastewater management, acquired LANXESS's reverse osmosis membrane portfolio for an undisclosed amount. This strategic acquisition enhances SUEZ's water treatment-related services by incorporating innovative and complementary RO membranes technology. The addition of these membranes allows SUEZ to broaden its product offering, strengthen its expansion plans outlined in the 'Shaping SUEZ 2030' strategic plan, and increase both production capacity and product range. LANXESS, a Germany-based manufacturer operating in the membrane separation technology market, contributed significantly to this acquisition.

Major companies operating in the membrane separation technology market report are Merck KGaA, Toray Industries Inc., Pentair PLC, Hydranautics, AXEON Water Technologies, GEA Group Aktiengesellschaft, Koch Separation Solutions, Corning Incorporated, Danaher Corporation, 3M Company, SUEZ Water Technologies & Solutions, Asahi Kasei Chemicals Corporation, DuPont, Mann+Hummel, Huber SE, Parker Hannifin Corporation, Nitto Denko Corporation, Synder Filtration Inc., Via Separations, NX Filtration BV, Applied Membranes Inc., Culligan Water, PCI Membranes, Koch Membrane Systems, Pall Corporation, Permionics Membranes Private Limited, Samco Technologies Inc., GE Water & Process Technologies, LG Chem, Lanxess AG, Osmonics Inc.

Asia-Pacific was the largest region in the membrane separation technology market in 2023. North America is expected to be the fastest-growing region in the membrane separation technology market report during the forecast period. The regions covered in the membrane separation technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the membrane separation technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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