Membrane Market Size to Grow by USD 1.97, Increasing Incidence Of Diabetes to Boost Market Growth – Technavio – Yahoo Finance

NEW YORK , Oct. 28, 2022 /PRNewswire/ — The “Membrane Market by Application (Water and wastewater treatment, Food and beverage, Pharmaceutical and medical, Chemical processing, and Others), Technology (Reverse osmosis, Microfiltration, Ultrafiltration, Pervaporation, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the membrane market between 2021 and 2026 is USD 1.97 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report.
Key Market Dynamics:
Market Driver – One of the key factors driving growth in the membrane 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 membrane market.
Market Challenges – The fouling of membranes will be a major challenge for the membrane 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 membrane market.
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Vendor Landscape
The global membrane market is highly vulnerable to changing consumer demand and preferences. The market is highly competitive because of the presence of numerous small and large vendors. Vendors compete based on price, quality, innovation, reputation, and distribution networks. Increasing competition among manufacturers may lead to companies reducing their product prices, which will negatively impact vendors’ profit margins and the market’s overall growth during the forecast period. The market includes companies of different sizes. Some are more specialized than others concerning commodities, and some have larger financial resources than others. Intense competition and rapid technological changes constitute significant risk factors to vendors’ operations. Therefore, to survive and succeed in this competitive environment, it becomes imperative for manufacturers to distinguish their product and service offerings through a clear and unique value proposition.
This report provides a full list of key vendors, their strategies, and the latest developments. Buy Now to gain access to exclusive vendor information
Market Segmentation
By application, the water and wastewater treatment segment will be the largest contributor to market growth during the forecast period. The water and wastewater treatment segment accounts for the largest share of the global membrane 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.
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Regional Analysis
By geography, 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. The growth in the pharmaceutical industry and the establishment of many industries will facilitate the membrane market growth in APAC over the forecast period.
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Related Reports:
Membrane Filters Market by Technology and Geography – Forecast and Technology 2022-2026: The membrane filters market share is expected to increase by USD 8.83 billion from 2021 to 2026.
Ion Exchange Membranes Market by Material and Geography – Forecast and Analysis 2022-2026: The ion exchange membranes market share is expected to increase by USD 143.32 million from 2021 to 2026.
Membrane Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of over 5.46%
Market growth 2022-2026
USD 1.97 billion
Market structure
Fragmented
YoY growth (%)
4.6
Regional analysis
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 39%
Key consumer countries
US, Canada, China, India, and Germany
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
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.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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.
Table of Contents:
1 Executive Summary
1.1 Market Overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market Definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Application
5.1 Market segments
5.2 Comparison by Application
5.3 Water and wastewater treatment – Market size and forecast 2021-2026
5.4 Food and beverage – Market size and forecast 2021-2026
5.5 Pharmaceutical and medical – Market size and forecast 2021-2026
5.6 Chemical processing – Market size and forecast 2021-2026
5.7 Others – Market size and forecast 2021-2026
5.8 Market opportunity by Application
6 Market Segmentation by Technology
6.1 Market segments
6.2 Comparison by Technology
6.3 Reverse osmosis – Market size and forecast 2021-2026
6.4 Microfiltration – Market size and forecast 2021-2026
6.5 Ultrafiltration – Market size and forecast 2021-2026
6.6 Pervaporation – Market size and forecast 2021-2026
6.7 Others – Market size and forecast 2021-2026
6.8 Market opportunity by Technology
7 Customer Landscape
7.1 Customer landscape overview
8 Geographic Landscape
8.1 Geographic segmentation
8.2 Geographic comparison
8.3 APAC – Market size and forecast 2021-2026
8.4 North America – Market size and forecast 2021-2026
8.5 Europe – Market size and forecast 2021-2026
8.6 Middle East and Africa – Market size and forecast 2021-2026
8.7 South America – Market size and forecast 2021-2026
8.8 US – Market size and forecast 2021-2026
8.9 China – Market size and forecast 2021-2026
8.10 Germany – Market size and forecast 2021-2026
8.11 India – Market size and forecast 2021-2026
8.12 Canada – Market size and forecast 2021-2026
8.13 Market opportunity by geography
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
10.3 Landscape disruption
10.4 Industry risks
11 Vendor Analysis
11.1 Vendors covered
11.2 Market positioning of vendors
11.3 Asahi Kasei Corp.
11.4 DuPont de Nemours Inc.
11.5 GEA Group Aktiengesellschaft
11.6 General Electric Co.
11.7 Koch Industries Inc.
11.8 Merck and Co. Inc.
11.9 OSMO Membrane Systems GmbH
11.10 Sartorius AG
11.11 Siemens AG
11.12 Sofina SA
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
12.3 Currency conversion rates for US$
12.4 Research methodology
12.5 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Email:media@technavio.com
Website: www.technavio.com/
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