Membranes Market: Emerging Applications, Challenges, Opportunities and Future Prospects by 2029

The membranes market is projected to reach USD 11.1 billion by 2029, at a CAGR of 8.6% from USD 7.4 billion in 2024. The growth of the global membranes market is fueled by rising concerns about wastewater discharge and drinking water quality. Growing demand from various end-use industries such as food & beverage, pulp & paper, chemical & pharmaceutical, pharmaceutical, oil & gas, textile, and power play a pivotal role in propelling market growth. The increasing awareness about personal care will increase the demand for potable water, which will drive the demand for membranes in water treatment.

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On the basis of material, the polymeric segment accounted for the largest share in the membranes market. Polymeric membranes are highly versatile in design and functionality, as they can be customized for specific applications by modifying pore size, surface chemistry, and structural configuration. This adaptability makes them suitable for diverse industries, including water and wastewater treatment, food and beverage processing, pharmaceuticals, and biotechnology. Their efficiency in removing contaminants, pathogens, and impurities from liquids and gases significantly enhances their value in these sectors.

On the basis of technology, the reverse osmosis technology is expected to lead the market in terms of value in 2024. RO membranes are highly efficient in removing dissolved salts, contaminants, and impurities from water, making them the preferred choice for producing high-purity water. This high level of purification is essential for several critical applications, including drinking water production, industrial process water, and wastewater treatment. The capability of RO membranes to effectively remove a wide range of contaminants, including heavy metals, chemicals, and microorganisms, makes them indispensable for achieving regulatory compliance. The rising requirement for desalination, especially in areas facing challenges with freshwater availability, is further fueling the expansion of the reverse osmosis membrane market.

On the basis of application, the water & wastewater treatment accounted for the largest share in the membranes market. The rising demand for clean water, propelled by population growth, urbanization, and industrialization, has significantly increased the necessity for water and wastewater treatment. In response, governments and regulatory bodies have enforced stringent regulations regarding water quality and wastewater treatment, further boosting the adoption of membranes in this sector. The continuous advancements in membrane technology have enhanced their efficiency, effectiveness, and scalability, rendering them a preferred choice for water and wastewater treatment applications. Membranes are extensively employed in desalination processes to eliminate dissolved salts from seawater and brackish water, ensuring a dependable source of clean water. Furthermore, the growing recognition of wastewater treatment and reuse has spurred considerable growth in membrane usage for wastewater treatment applications.

The key global players in the membranes market are DuPont (US), Toray Industries, Inc. (Japan), Hydranautics (US), Kovalus Separation Solutions (US), Pall Corporation (US), Veolia (US), Pentair (UK), Asahi Kasei Corporation (Japan), LG Chem (South Korea), Mann+Hummel (Germany), The 3M Company (US) among others. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.

DuPont

DuPont is one of the leading manufacturers of technology-based materials and solutions. The company operates through three reportable business segments: electronics & industrial, water & protection, and corporate & others. The water & protection business segment of the company offers three major product lines—safety solutions, shelter solutions, and water solutions. The water solutions product line provides membranes under the FilmTec, IntegraFlux, and IntegraPac brand names. DuPont serves its offerings to a wide range of industries, such as municipal drinking water and wastewater, food & beverage, power generation, microelectronics, oil & gas, pharmaceutical, and industrial wastewater. DuPont has global operations with about 120 facilities in total. The company has 33 sites for its water & protection business located across the US, Canada, and in countries of Asia Pacific, Europe, and the Middle East & Africa. In 2019, DuPont further strengthened its footprint with the acquisition of ultrafiltration business from BASF and Evoqua Water Technologies.

Toray Industries, Inc.

Toray Industries, Inc. is a multinational corporation involved in manufacturing, processing, and selling fibers & textiles, plastics & chemicals, IT-related products, carbon fiber composite materials, environment & engineering products and systems, and life science products worldwide. The company operates through six business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, life science, and other businesses. Its environment & engineering segment offers various membrane products, including RO & nanofiltration membranes, UF & MF membranes, and membrane bioreactors. Toray Industries, Inc. has a worldwide presence with operations in 29 countries. The company has seven manufacturing facilities for its water business. These facilities are located across Japan, the US, China, and South Korea.

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