The Spiral Membrane Market is projected to reach USD 8.20 billion by 2023, at a CAGR of 10.0% from 2018 to 2023. Spiral membranes are finding increasing acceptance in various applications, such as water & wastewater treatment, pharmaceutical & biotechnology, food & beverage, chemical & petrochemical, oil & gas, and others. The growth of the spiral membrane market is expected to be fueled by the rising demand from applications due to increasing demand for pure water and government regulations.

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Based on type, the polyamide segment is projected to lead the Spiral Membrane Market during the forecast period. Polyamide type is estimated to have accounted for the largest market share due to its easy availability and cost-efficiency. In addition, these membranes possess lower pressure requirements and more flexible operating conditions which makes them suitable for municipal and industrial effluent treatment application.

Based on end-use industry, the water & wastewater treatment segment is projected to grow at the highest CAGR from 2018 to 2023. Spiral membranes are widely used in various industries such as food & beverage, pharmaceutical, chemical & petrochemical, and textile industries. The technology is used for water treatment and manufacturing processes. In addition to this, the presence of stringent regulations in various countries for effluent discharge is also a major factor for the large size of this segment. The R&D departments of manufacturing companies are carrying out research to widen the application areas, which is expected to drive the Spiral Membrane Market during the forecast period.

 APAC is estimated to lead the spiral membrane market during the forecast period, followed by North America and Europe. Developed regions, such as Europe and North America, are relatively mature markets compared to APAC, the Middle East & Africa, and South America. The APAC region is projected to grow at the highest rate from 2018 to 2023. The market in this region is experiencing an increase in demand for spiral membrane from the water & wastewater treatment, pharmaceutical & biotechnology, food & beverage, chemical & petrochemical, oil & gas, and other industries. In the APAC region, the market in China is projected to grow at the highest CAGR during the forecast period. China has been an export-oriented country; however, the growing domestic demand is expected to lead to an increase in the domestic consumption of spiral membrane.

DowDuPont Inc. (US), Toray Industries, Inc. (US), Hydranautics (US), LG Water Solutions (South Korea), SUEZ Water Technologies and Solutions (France), Merck Group (Germany), Pentair plc (US), Koch Membrane Systems (US), Pall Corporation (US), and Lanxess (Germany) are the key players operating in the spiral membrane market.

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