Membranes Market Forecast (2023 to 2028)


Posted February 23, 2023 by sandycool

The MEMBRANES MARKET is predicted to be worth USD 13.10 billion by 2028 from USD 10.92 billion in 2022, growing at an 8.13% CAGR.

 
The MEMBRANES MARKET is predicted to be worth USD 13.10 billion by 2028 from USD 10.92 billion in 2022, growing at an 8.13% CAGR.

A membrane is a microporous barrier of various materials. The membranes are used in membrane bioreactors for waste treatment in dairy and food, pharmaceutical, and other facilities. The membranes are made from proteins and sugars and are composed of lipids. The membrane has two types of membrane materials such as polymer and ceramic.

Drivers:

The increasing population and rising awareness of wastewater reuse are driving the market’s revenue. The growing demand for the absence of fresh drinking water drives the market growth. The increasing strict regulations regarding water treatment, and water discharge are major factors to drive the market growth. The rising awareness about rapid urbanization is the key factor to drive the market growth. The increasing number of desalination plants needed to supply all agricultural needs worldwide to drive the market growth.

Restraints:

The high cost of the raw materials is the major factor hampering the market growth. The increasing need for the replacement of membranes regularly is projected to restrain the market growth during the forecast period.

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Segmentation Analysis:

Membranes Market Analysis – By Type:

Polymeric
Ceramics
Others
Membranes Market Analysis – By Technology:

Ultrafiltration (UF)
Reverse Osmosis (RO)
Gas Separation
Nanofiltration (NF)
Pervaporation, Microfiltration (MF)
Others
Membranes Market Analysis – By Application:

Water & Wastewater Treatment
Food & Beverages
Medical & Pharmaceuticals
Industrial Gas Processing
Others
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Regional Analysis:

North America
Europe
Asia Pacific
Latin America
Middle east and Africa
Latest Industry Development:

In December 2021, Japanese ceramics company NGK Insulators has developed a carbon dioxide separation membrane for industrial exhaust gas, which during testing achieved a CO2 separation factor of approximately five times that of the conventionally developed DDR-type zeolite membrane used for CO2 separation.



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Tags membranes market trends , membranes market values , membranes market forecast
Last Updated February 23, 2023