Spiral membrane market size is expected to reach US$ 14.2 billion in 2028 and , registering at a CAGR of 10.9% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Stringent Regulatory and Sustainability Mandates for Environmental Safety is Catalyzing the Spiral Membrane Market Growth
Spiral Membrane Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: by Polymer Type (Polyamide, PS and PES, Others); Technology (Reverse Osmosis, Nanofiltration, Ultrafiltration, Microfiltration); End-Use Industry (Water and Wastewater Treatment, Food and Beverage, Pharmaceutical and Biotechnology, Oil and Gas, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
Spiral Membrane Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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Increased demand for spiral membrane from end use industries including industrial processing, water & wastewater treatment, food & beverage, and others is expected to drive the spiral membrane market growth. Lack of sanitation and absence of drinking water is prevalent across the globe due to rapid urbanization which has led to the development of slums. However, the spiral membrane market growth is expected to be aided by considerable investments from international institutions and local governments such as United Nations and World Bank.
The spiral membrane market growth in North America, especially the US is expected to be aggressive as a result of increased demand for the product from end users as well as sustainability guidelines issued by Environmental Protection Agency (EPA). Additionally, promotional initiatives and government initiatives for conservation of environment and economic revival are further expected to aid the spiral membrane market growth.
High demand for filtration systems and water filters is expected to be caused by a shortage of pure water. Growing industrialization and increasing population are augmenting the demand for water treatment facilities. The aforementioned factor is also expected to boost the market growth of spiral membranes.
Manufacturers generally opt for direct distribution or third-party distributors for their products. Since the product has wide range of applications in the manufacturing sector, the companies operating in the market usually cater to the demand through system integrators and filtration equipment manufacturers.
The water and wastewater treatment is one of the major end users of spiral membranes and this segment expected to retain a significant share in the market over the forecast period. Overexploitation of groundwater resources and changing rainfall patterns are expected to negatively impact the availability of usable water. Such factors are creating high demand for water and wastewater treatment projects, which consequentially is driving the market further.
Growing disposable income in regions including Asia Pacific and Middle East and Africa is driving the food and beverages industry in the regions. The food and beverages industry utilize spiral membrane to remove contaminants in wine, milk, water, and others. Additionally, government regulations concerning pollution control and food safety are expected to further drive the market growth.
Rapid urbanization in emerging economies such as Brazil, Vietnam, India, and China, is expected to augment the demand for spiral membranes. Moreover, the increasing research & development initiatives and technological developments are expected to be advantageous for the market growth over the forecast period as product offerings in the market are expected to generate demand from a wide range of end use industries.
Manner Sensortelemetrie GmbH; Dakota Air Parts; Advanced Technologies Inc.; Van Horn Aviation, LLC; DowDuPont Inc.; Toray Industries, Inc.; Hydranautics; LG Water Solutions; SUEZ Water Technologies and Solutions; and Merck Group are among the key spiral membrane market players profiled during the study. Several other major companies were studied and analyzed during this research study to get a holistic view of the spiral membrane market and its ecosystem.
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