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Water Treatment Membrane Material Market: Segmented: By Material (Polymeric, Ceramic), By Technology (Ultrafiltration, Microfiltration, Nanofiltration and Reverse Osmosis), By End User (Water & Waste Water Treatment, Industrial Processing, Food & Beverages and Others) And Region - Global Analysis of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
Water Treatment Membrane Material Market to surpass USD 4.35 billion by 2031 from USD 3.12 billion in 2021 at a CAGR of 3.4% in the coming years, i.e., 2021-31.
Water treatment is a process through which undesired chemicals, particles, or substances are removed to improve the quality of water and to make it appropriate for specific end-use. Membrane filtration technology has become prominent for water treatment because it can remove both organic and inorganic pollutants from the water. Membranes are barriers that allow water to pass through it but block unwanted particles. They are made up of ceramic, polymer, and other materials.
As the global population is rising, there is a surge in demand for clean, safe, and potable drinking water due to limited sources of freshwater in the world. With increasing adoption of membrane-based water purifiers by consumers owing to low capital costs and lesser energy requirements, is leading to the rising demand for membranes.
Based on material, Water Treatment Membrane Material market is classified into polymeric and ceramic. Polymeric segment is projected to grow at the highest CAGR during the forecast period. The need for advanced technology for the water filtration process of contaminated water has resulted in the development of advanced polymeric membranes which have high efficiency and performance. Polymeric membranes are cost-effective and have specific separation properties which have increased the adoption of this technology among end users.
Water Treatment Membrane material market is fragmented based on technology into nanofiltration, microfiltration, ultrafiltration, and reverse osmosis. Reverse Osmosis segment is projected to grow with the highest CAGR during the forecast period. RO system has the ability to improve the taste, odor, and appearance of the water, which is why even though the water is treated at municipal plants, end users install RO at their homes.
Rising Industrial activities shrinking freshwater resources and rising population
The water consumption rate is growing rapidly owing to the increase in global population. Demand for pure water for households is the chief responsibility of governments all over the world. Also, rapid industrialization has led to the emissions of toxic chemicals and untreated waste into the water bodies resulting in water degradation and water pollution. Further, the presence of limited freshwater resources has raised concerns for the need of clean water globally. The increasing need for water treatment systems to make treated water reusable for different end users has boosted the demand for the membrane market.
Stringent government regulations
Industrial waste is the major cause of contaminated water as the liquid waste is released into the water bodies without proper treatment. To avoid water contamination, environmental damage, and spread of water-borne diseases the waste should be treated with proper measures. As the global economies are witnessing major water scarcities, governments have imposed strict regulations on industries regarding water treatment, this has led to the upsurge in the usage of membrane technology.
Membrane Fouling Issues
Maintenance of membranes for smooth operation is very important. Treatment of water requires regular replacement of membranes which are extra burden for the customers. These regular maintenance costs are unaffordable for the customers. Fouling of membranes is the major factor that can hinder the growth of the membrane market.
Water Treatment Membrane Material market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to the rapid increase in industrialization, rising population, and governments' stringent policies to curb the growing water pollution issues. Lack of access to clean drinking water and industrial waste production will create demand for membrane technology which will further expand the market growth.
The market had a negative impact of COVID-19 due to the imposition of lockdowns. Manufacturing units were severely affected by the pandemic which resulted in a reduction in production. Customers' demand also fell extensively owing to the low level of disposable income and lack of availability of service providers. Investments in this market also fell down during the pandemic. Also, decline in demand from large commercial and industrial users due to lockdown has significantly reduced the revenues of the manufacturers.
| Report Attribute | Details |
| Market size value in 2021 | USD 3.12 billion |
| Revenue forecast in 2031 | USD 4.35 billion |
| Growth Rate | CAGR of 3.4% from 2021 to 2031 |
| Base year for estimation | 2021 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2031 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Material, Technology, End User and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key companies profiled | DuPont, Toray Industries, Veolia Water Technologies, Pall Corporation, Hinada Water Treatment Tech Co., LTD, Kolon Industries, LG Water Solutions, ALFA LAVAL, WABAG Water Technology Ltd, ClearBakk Water Solutions, Aquatec Maxcon Pty. Ltd, Evoqua Water Technologies and other prominent players. |
Water Treatment Membrane Material market size was estimated at USD 3.12 billion in 2021 and is expected to reach USD 4.35 billion in 2031.
Water treatment is a process through which undesired chemicals, particles or substances are removed to improve the quality of water and to make it appropriate for specific end-use.
Polymeric, Reverse Osmosis and Water & Waste Water Treatment accounted for the largest Water Treatment Membrane Material market share.
Key players: DuPont, Toray Industries, Veolia Water Technologies, Pall Corporation, Hinada Water Treatment Tech Co., LTD, Kolon Industries, LG Water Solutions, ALFA LAVAL, WABAG Water Technology Ltd, ClearBakk Water Solutions, Aquatec Maxcon Pty. Ltd, Evoqua Water Technologies are the key players in the Water Treatment Membrane Material market.
Rising industrial activities, shrinking freshwater resources and rising population and stringent government regulations are driving the growth of Water Treatment Membrane Material market.
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