Microfiltration Membrane worth $29.3 Billion by 2019

According to the new report, “Membrane Market, By Type of Material (Polymeric, Non-polymeric & Others), By Technology (Microfiltration, Reverse osmosis, Ultrafiltration, Gas separation, Dialysis, Nanofiltration, Pervaporation & Others), By Application (Water & wastewater treatment, Pharmaceutical & medical uses, Food & beverage processing, Chemical processing, Industrial gas processing & Others) & By Region – Global Trends & Forecast to 2019” defines and segments the global membranes market with an analysis and forecast by value.

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The global membranes market is dominated by Asia-Pacific and North America accounting for majority of the market in 2013. Within North America, U.S. will remain the largest consumer of membranes and this market is driven by water & wastewater treatment, pharmaceuticals & medical uses, food & beverages, and chemical processing sectors. Country wise, China is the top most consumer of membranes globally and is also growing at a higher CAGR than the global average till 2019. China and Australia have enormous potential and are the fastest growing markets for membranes in the Asia-Pacific as well as globally. The U.S. and European countries are leading in research and development of high performance membranes products to be used in pharmaceuticals & medical uses, and industrial gas processing sectors. Member countries of EU; Germany, France, Italy, U.K., Spain, and Russia are the key markets in the European membranes market and constitute majority of the market size. The water & wastewater treatment sector in the Middle East and Africa (MEA) region will continue to be supported by demand for fresh water through desalination in Saudi Arabia, Qatar, and U.A.E., thus driving the membrane market in these regions.

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“Water & wastewater treatment, Pharmaceutical & medical uses and Food & beverage processing are the topmost segments by value in the membranes market”

While the water & wastewater treatment and pharmaceutical & medical uses segments occupy topmost positions in the membranes market with approximately 60% share by value in 2013; maximum growth is expected from industrial gas processing and pharmaceutical & medical uses in the near future. The water treatment, food & beverage processing, & pharmaceutical industries are growing fast worldwide and manufacturers are seeking increasingly efficient processes. The membranes are a reliable, cost effective, and energy saving alternative in most processes and would grow in demand in these applications areas. The demand for membranes will increase in future with the growth of the emerging economies, further strengthening the market.

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