Membrane Separation Systems Market Is to Reach US$ 61,801.9 Mn, Globally by 2025: Transparency Market Research
Membrane Separation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
ALBANY, N.Y., November 10, 2017 (Newswire.com) - According to a new market report published by Transparency Market Research — “Membrane Separation Systems Market: By Technology (Microfiltration, Ultrafiltration, Nanofiltration, Reverse Osmosis, Chromatography, and Ion Exchange); by Application (Environmental, Food & Beverages, Healthcare, and Others) by Material (Polyethersulfone, Polysulfone, Cellulose Based, Nylon, Polypropylene, Polyvinylidene Fluoride, Polytetrafluoroethylene, Polyacrilonitrile, and Polyvinyl Chloride): Global Industry Analysis, Size, Share, Growth, Trends, & Forecast, 2017-2025” — the global membrane separation systems market was valued at US$ 28,134.4 Mn in 2016 and is expected to grow at a CAGR of 9.3% from 2017 to 2025, to reach an estimated value of US$ 61,801.9 Mn in 2025.
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The report on global membrane separation systems market has been classified on the basis of the following categories: technology, applications, material, and geography (regions & countries). Major technology segment includes microfiltration, ultrafiltration, nanofiltration, reverse osmosis, chromatography, and ion exchange. In terms of applications, the market has been segmented into environmental, food & beverages, healthcare, and others. Major material segment includes polyethersulfone (PES), polysulfone (PS), cellulose-based, nylon, polypropylene (PP), polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), polyacrilonitrile (PAN), and polyvinyl chloride (PVC). The report provides insights of the steady growth rate of the market and a possible growth trajectory at the global as well as regional level in terms of value and the market share for membrane separation systems market segments. The report is thus compiled with the prime intent of updating the stakeholders with the incumbent market dynamics through a graphical illustration and in-depth analysis of each segment considered within the study scope.
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Based on technology, the microfiltration segment accounted for major share of the global membrane separation systems market in 2016. Use in the healthcare and biopharmaceutical industry, use in clinical laboratories by scientists & professionals and technological advancements are the main factors expected to fuel the growth of the microfiltration segment. The ultrafiltration segment is the second leading revenue generator technology for the global membrane separation systems market due to rise in demand for the food and beverages industry and its rapid use in the vaccine production industry.
Based on applications, the environmental segment held the largest share in the membrane separation systems market. Increasing use in the water and wastewater treatment industry, rise in population, scarcity of pure water, and high demand in the Asia Pacific countries such as India and China are the major factors driving the growth of this segment; however, along with this rapid urbanization and industrial expansion are the main factors that increase the demand for wastewater reuse. Urban population in East Asia and Pacific region was 1.3 billion in 2016 and is expected to grow rapidly. Urban dwellers consume around three times the water and energy of their rural counterparts. Hence, increasing urbanization poses a serious threat to water resources of the region. Applications of membrane separation systems in food & beverages industry are growing rapidly due to their acceptance by major regulatory bodies as quality measures. Extensive use in concentration of proteins in the food industry and for clearing of fruit juices and alcoholic beverages are some of the examples which indicate the application of membrane separation systems.
Based on material segment, the polyethersulfone (PES) membranes market contributed for the major share of the global market. Extensive use in the healthcare industry of monoclonal antibodies and vaccine production process and for protein separation are the major factors that drive the polyethersulfone (PES) market. The second most preferred membranes are the cellulose-based membranes due to its intrinsic properties like hydrophilicity, high porosity and good polymer flexibility. With these features, cellulose-based membranes are widely used in water treatments plants for reverse osmosis.
The key players operating in the global membrane separation systems market include The Dow Chemical Company, Koch Membrane Systems Inc., Pall Corporation, Sartorius AG, 3M, Amazon filters, Advantec MFS, Inc., GE Healthcare, Merck Millipore, Novasep, TriSep Corporation (Microdyn-Nadir US, Inc.). The global membrane separation systems market is fragmented with the presence of many small-scale vendors that operate in the regional market. However, the global market is dominated by some major players operating worldwide.
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Source: Transparency Market Research