Global Polymeric Membrane Market Report to 2028: Increasing Need for Water Purification System Drives Growth
Dublin, March 01, 2023 (GLOBE NEWSWIRE) -- The "Global Polymeric Membrane Market: Analysis By Technology (Reverse Osmosis, Ultrafiltration, Microfiltration And Nanofiltration), By End Sector, By Region Size And Trends With Impact Of COVID-19 And Forecast Up To 2028" report has been added to ResearchAndMarkets.com's offering.
The global polymeric membrane market in 2022 was valued at US$7.44 billion. The market value is projected to reach US$9.47 billion by 2028.
Polymeric membrane refers to a collection of polymers with improved and more efficient mechanical properties for membrane filtration. Polymeric membrane has high performance, efficiency, and particular separation properties.
They are cost-effective, have high selectivity, and are simple to prepare and operate in a variety of applications such as beverage processing, feed water generation, chemical processing, and others.
The market value is expected to grow at a CAGR of 4.09% during the forecast period of 2023-2028, with water treatment polymeric membrane segment being the dominant sector owing to rising population and water pollution. Ensuring adequate clean water supplies for ever growing population will likely require increased investment in water processing technology.
Additionally, the increasing presence of emerging pollutants in the aquatic environment is leading the market to find innovative technologies to purify water.
Furthermore, in regions with water scarcity, the provision of water from seawater desalination plants is becoming increasingly important, which is expected to propel the reverse osmosis technology in the polymeric membrane market during the forecast period.
Growth Drivers: One of the most important factors impacting the global polymeric membrane market is the rapid increase in population. Rapidly growing population require increased water availability for consumption. Due to rising water pollution, the freshwater has been depleting at a faster rate, thus making it necessary to reuse the water. The impact of climate change, combined with rapid population growth and industrialization, is likely to require continued investment in drinking and wastewater infrastructure across the continent which require polymeric membrane for filtration. This is expected to drive the demand for polymeric membrane during forecasted years. In addition to this, the market has been growing over the past few years, due to factors such as increasing need for water purification system, growing adoption in pharmaceutical industry, surging demand from food & beverage industry, stringent wastewater regulations, escalating water pollution and many other factors.
Challenges: However, the market has been confronted with some challenges specifically, need for frequent replacements of barrier films, maintaining low cost of production, etc.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as proliferation of blood transfusion and apheresis membrane, proton exchange and anion exchange membrane, water and wastewater treatment digitalization etc. The apheresis market extensively use polymeric membrane for blood and plasma collection and transfusion. Increasing number of blood diseases, such as sickle cell anaemia, blood cancer and haemophilia and the huge demand for plasmapheresis devices on the back of the increasing use of plasma-derived drugs by biopharma companies are expected to drive the demand for blood transfusion and apheresis membrane, thereby propelling the global polymeric membrane market.
Impact Analysis of COVID-19 and Way Forward:
The sudden outbreak of the COVID-19 pandemic has caused a significant strain on the growth of the global polymeric membrane market as a result of disruption in the supply and demand chain of raw materials for manufacturing such polymers. The lockdown shutdown almost all the major biopharmaceutical, food & beverage processing, water & wastewater treatment projects, and petrochemical processing activities across the world straining the productivity of the market.
The global polymeric membrane market is consolidated with the presence of concentrated large players. The key players in the global polymeric membrane market are:
Toray Industries, Inc.
Nitto Denko Corporation (Hydranautics)
Danaher Corporation (Pall Corporation)
Parker Hannifin Corporation
Membrane Technology & Research (MTR)
Evonik Industries AG
Honeywell International Inc.
Daikin Industries, Ltd
LG Chem Ltd.
Globally there are only few manufacturers of hollow fibre membranes for third-parties and most of them focus on 'standard' membranes, such as those used in dialysis treatment.
Several resin manufacturers, like DuPont, Saint Gobain and Solvay, as well as multinational MedTech companies, such as Asahi Kasei, Baxter and Fresenius Medical Care, also manufacture hollow fibre membranes but almost entirely for their own internal production, and do not sell them to third parties.
Key Topics Covered:
1. Executive Summary
3. Global Market Analysis
3.1 Global Polymeric Membrane Market: An Analysis
3.1.1 Global Polymeric Membrane Market: An Overview
3.1.2 Global Polymeric Membrane Market by Value
3.1.3 Global Polymeric Membrane Market by Technology (Reverse Osmosis (RO), Ultrafiltration (UF), Microfiltration (MF) And Nanofiltration (NF))
3.1.4 Global Polymeric Membrane Market by End Sector (Water Treatment Polymeric Membrane, Wastewater Treatment Polymeric Membrane, Medical Polymeric Membrane And Industrial Polymeric Membrane)
3.1.5 Global Polymeric Membrane Market by Region (Asia Pacific, North America, Europe and Rest of World)
3.2 Global Polymeric Membrane Market: Technology Analysis
3.2.1 Global Polymeric Membrane Market by Technology: An Overview
3.2.2 Global Reverse Osmosis Polymeric Membrane Market by Value
3.2.3 Global Ultrafiltration (UF) Polymeric Membrane Market by Value
3.2.4 Global Microfiltration (MF) Polymeric Membrane Market by Value
3.2.5 Global Nanofiltration (NF) Polymeric Membrane Market by Value
3.3 Global Polymeric Membrane Market: End Sector Analysis
3.3.1 Global Polymeric Membrane Market By End Sector: An Overview
3.3.2 Global Water Treatment Polymeric Membrane Market By Value
3.3.3 Global Wastewater Treatment Polymeric Membrane Market By Value
3.3.4 Global Medical Polymeric Membrane Market By Value
3.3.5 Global Industrial Polymeric Membrane Market By Value
4. Regional Market Analysis
5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Polymeric Membrane Market
5.1.2 Post-COVID-19 Recovery of Polymeric Membrane Market
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Increasing Need for Water Purification System
6.1.2 Growing Adoption in Pharmaceutical Industry
6.1.3 Rapid Increase in Population
6.1.4 Surging Demand From Food & Beverage Industry
6.1.5 Stringent Wastewater Regulations
6.1.6 Escalating Water Pollution
6.2.1 Need for Frequent Replacements of Barrier Films
6.2.2 Maintaining Low Cost Of Production
6.3 Market Trends
6.3.1 Proliferation Of Blood Transfusion and Apheresis Membrane
6.3.2 Proton Exchange and Anion Exchange Membrane
6.3.3 Water and Wastewater Treatment Digitalization
7. Competitive Landscape
7.1 Global Polymeric Membrane Market Players: Key Comparison
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/jbh8eo-polymeric?w=12
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900