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The membrane market's growth momentum will accelerate at a CAGR of 5.46% and the market share is expected to increase to USD 1.97 billion from 2021 to 2026.
This market research report extensively covers market segmentation by:
The membrane industry report further walks you through the vendor details of primarily Asahi Kasei Corp., AXEON Water Technologies, CEMBRANE AS, Danaher Corp., DuPont de Nemours Inc., GEA Group Aktiengesellschaft, General Electric Co., Hi Tech Sweet Water Technologies Pvt. Ltd., Koch Industries Inc., LG Chem Ltd., Merck and Co. Inc., OSMO Membrane Systems GmbH, Parker Hannifin Corp., Pentair Plc, Sartorius AG, Siemens AG, Sofina SA, Spectrum Laboratory Products Inc., The Chemours Co., and Toray Industries Inc. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing incidence of diabetes is notably driving the market growth, although factors such as the fouling of membranes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the membrane industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Market Driver
One of the key factors driving growth in the market is the increasing incidence of diabetes. Membranes are being extensively used in pharmaceutical and healthcare applications due to the rising prevalence of obesity and the growing geriatric population. Renal disorders have a high correlation with diabetes, and membranes are used in hemodialysis equipment. The increasing prevalence of ESRD globally is expected to boost the demand for medical membranes during the forecast period. Patients with ESRD are treated with dialysis, where membranes are essential for the filtration and purification of blood. Hence, with the growing number of ESRD patients, the demand for medical membranes is also increasing significantly. The number of diabetic patients is expected to increase to 643 million by 2030. This will consequently increase the number of individuals with renal disorders, which will foster the demand for hemodialysis and consequently boost the growth of the global market.
Key Market Trend
The increasing health consciousness among consumers is a market trend that is expected to have a positive impact in the coming years. Consumers are moving toward sophisticated lifestyles and are more aware of the need for hygienic and safe products. The rise in concerns regarding contaminated drinking water and the need to reuse industrial process water is increasing the demand for membranes in various applications. Consumers, especially those with better education and high disposable income, are extra conscious regarding their eating habits. Therefore, rising consumer health consciousness increases the demand for food products with specific ingredients and nutritional composition. This has resulted in the development of low-fat milk, butter, cheese, and yoghurt, which necessitate high component concentration and separation efficiency. Membrane systems are being used to meet the growing demand for nutritional food with specific component compositions. Such factors will increase the demand for membranes during the forecast period.
Key Market Challenge
The fouling of membranes will be a major challenge for the market during the forecast period. Fouling is a process in which the solute or the components of food block the channel pores of the membrane, affecting its performance. Fouling causes serious flux decline, which affects the quality of permeates, increases the time for cleaning and maintenance, and affects its functionality. Membrane fouling affects the separation factor for targeted species in the feed, thus affecting the product quality and recovery process. It usually includes pore blocking, the solute aggregation that causes a gel layer on the membrane surface, or adsorption and convective forces to and through the membranes. Therefore, the fouling of membranes strongly hampers the growth of the global market.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their product and service offerings through a clear and unique value proposition to compete in the market.
asahi-kasei.co.jp - The company offers membranes such as Aciplex perfluoro ion exchange membrane and Acilyzer bipolar electrolyzer.
asahi-kasei.co.jp - Through the critical care segment, the company manufactures and sells defibrillators and temperature management systems.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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39% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for membranes in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growth in the pharmaceutical industry and the establishment of many industries will facilitate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of the COVID-19 pandemic led to a decrease in demand for membranes in APAC. Some membrane manufacturers have already started postponing investments in R and D, owing to low revenues. However, the condition of the market in the region is slowly recovering due to the introduction of several vaccines to fight against the COVID-19 pandemic since the beginning of 2021.
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The market share growth by the water and wastewater treatment segment will be significant during the forecast period. The water and wastewater treatment segment accounts for the largest share of the global market. APAC and the Americas are the prime markets for membranes for water and wastewater treatment applications. This can be attributed to the significant use of membranes due to the rising awareness and concerns regarding water scarcity and the expansion of chemical and pharmaceutical industries.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.
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Membrane Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.46% |
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Market growth 2022-2026 |
$ 1.97 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.6 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 39% |
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Key consumer countries |
US, Canada, China, India, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Asahi Kasei Corp., AXEON Water Technologies, CEMBRANE AS, Danaher Corp., DuPont de Nemours Inc., GEA Group Aktiengesellschaft, General Electric Co., Hi Tech Sweet Water Technologies Pvt. Ltd., Koch Industries Inc., LG Chem Ltd., Merck and Co. Inc., OSMO Membrane Systems GmbH, Parker Hannifin Corp., Pentair Plc, Sartorius AG, Siemens AG, Sofina SA, Spectrum Laboratory Products Inc., The Chemours Co., and Toray Industries Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Technology
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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