Press Releases

Membranes for Liquid and Gas Separations Tech Market to See 6.0% Annual Growth Through 2023

Industry Expansion is in Response to Consumer Demand, Increased Regulatory Pressure

April 25, 2019

WELLESLEY, Mass., April 25, 2019–Consumer demand for high-quality products, increased regulatory pressure, deteriorating natural resources, and the need for environmental and economic sustainability are factors helping to boost the membrane technology for liquid and gas separations market, according to the latest report by BCC Research, “Membrane Technology for Liquid and Gas Separations.”

The U.S. market expects to see a compound annual growth rate (CAGR) of 6% through 2023, when it could be worth $5.1 billion.

Major players in the market include Dow Chemical (DOW), Toray (TRYIF), SUEZ (SEV), Koch Membrane Systems, Toyobo (TYOBY) and LG Water Systems (LPL).

Research Highlights

  • The United States consumes as much as 45% of all membrane modules produced worldwide. The U.S. market was valued at $3.8 billion in 2018.
  • Gas separations lead the market by growth, with a CAGR through 2023 of 7.3%, followed by conventional liquid separations at 5.9%.
  • The liquid separations segment was led in growth by microfiltration, with a CAGR through 2023 of 6.8%, followed by nanofiltration at 5.6% and ultrafiltration at 5.5%.

“Several new membrane products for gas separation are on the cusp of commercialization,” notes report author and BCC Research analyst Andrew McWilliams. “After years in which there was a lack of suitable materials for large and promising applications in several areas, inorganic and organic/inorganic hybrid membranes are poised to enter the market for uses such as hydrogen separation and natural gas purification.”

Market Seeing Consolidation

Mergers and acquisitions have highlighted market activity in recent years. Notable activity included the acquisition of SAES Pure Gas by Entergris (2018), the acquisition of Oltromare by Microdyn-Nadir (2018) and the acquisition of Natrix Separations by Merck (2017). There has been a relatively small number of market entrants; one notable start-up is PolyCera, which specializes in next-generation membrane technology for industrial wastewater treatment and process separation.

Editors/reporters requesting analyst interviews should contact Sarah Greenberg at press@bccresearch.com.

Membrane Technology for Liquid and Gas Separations( MST041J )
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