Membrane Separation Materials Market - Size, Share, Industry Trends, and Forecasts (2023 - 2030)

Membrane Separation Materials Market Dynamics - (DRO) :

Key Drivers :

Rising adoption of membrane separation materials in water and wastewater treatment plants

Membrane separation materials are utilized in microfiltration processes in water and wastewater plants. The deployment of membrane separation materials in the above process results in low operating pressure, cost-effectiveness, and others. The sewage treatment connection rate connected to wastewater treatment plants is growing at the global level.

As a result, there is a higher adoption of membrane separation in wastewater treatment in order to ensure separation efficiency. For illustration, according to the recent statistics published by Organisation for Economic Co-operation and Development (OECD), in 2019, the sewage treatment connection rate in Austria was 95.95% of the Austrian population, and in 2020, it increased to 96.04% of the Austrian population.

Therefore, the increasing sewage connection rate is accelerating the demand for water and wastewater treatment plants. This is fostering the demand for membrane separation materials to ensure mild operating conditions, which, in turn, is benefiting the market growth.

The booming pharmaceuticals industry is accelerating the growth of the market

Membrane separation materials are an ideal option for the pharmaceutical industry to ensure efficient ultrafiltration. The employment of membrane separation materials in ultrafiltration is useful for enzyme synthesis. Global pharmaceutical industry growth can be ascribed to a variety of causes, including increased output, new facility developments, and government pharmaceutical industry activities.

For instance, according to the European Federation of Pharmaceutical Industries and Associations, the total production of the pharmaceutical industry in Europe was valued at USD 339.7 billion in 2021, depicting an increase of 4.6% in comparison to USD 324.7 billion in 2020. Hence, the growth of the pharmaceutical sector is driving the demand for membrane separation materials for its implementation in pharmaceutical facilities to remove dissolved contaminants from water, which is boosting the growth of the market.

Key Restraints :

The higher cost of membrane separation materials systems is posing a major bottleneck for the market growth

The overall cost structure of the membrane separation materials system is primarily determined by the costs of production, followed by the cost of raw materials. Moreover, compliance with regulations, testing costs, and other factors are inducing membrane separation materials manufacturers to increase their product prices. In addition, other factors such as higher maintenance costs, sophisticated manufacturing processes, and other factors impact the overall cost of membrane separation materials at the global level.

For instance, in April 2022, SNF Group, a leading polymer manufacturer increases the prices of polymer materials by 10% to 20%. Hence, the above factors are leading to the high prices of membrane separation materials, which, in turn, is restraining market growth.

Future Opportunities :

Development of new food and beverage projects will create a potential for the market growth

Membrane separation materials are employed in the reverse osmosis process to remove pathogens, chemicals, and other suspended particles from water. The increasing development of new food manufacturing facilities at the global level. Due to the increasing investments in new manufacturing plants is expected to foster the demand for membrane separation materials, which, in turn, will create a potential growth opportunity.

For instance, in November 2022, Hershey, a United States-based manufacturer of snacks such as chocolates, cookies, cakes, and others announced the development of a new food manufacturing facility in Pennsylvania, U.S. The construction of the state-of-the-art food manufacturing facility will be completed by the end of 2024. Thus, the development of new food manufacturing facilities is projected to drive the demand for membrane separation materials to ensure efficient water purification in food and beverage plants, this, in turn, will accelerate the market growth in the long run.

Top Key Players & Market Share Insights :

The membrane separation materials market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-

By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

In 2022, Asia Pacific accounted for the highest market share at 38.50% and was valued at USD 4,883.34 million, and is expected to reach USD 7,241.95 million in 2030. In Asia Pacific, China accounted for the highest market share of 26.50% during the base year of 2022. This is due to the growth of various end-use industries such as water and wastewater, pharmaceuticals, and others. For instance, India's largest wastewater treatment facility Okhla Waste Water Treatment Plant is expected to be operational in the 3rd quarter of 2023. Furthermore, the International Trade Administration projects that the Vietnamese pharmaceuticals market will expand by 10% annually between 2017 and 2028, with revenues per capita nearly tripling between 2017 and 2027. Henceforth, the growth of the industries such as water and wastewater, pharmaceuticals, and many more in the Asia Pacific region is benefiting the growth of the market.

However, Europe is expected to witness significant growth over the forecast period, growing at a CAGR of 5.6% during 2023-20230. This is due to the increasing development of new wastewater treatment and food & beverage plants in the region.