The
competitive landscape of the global membrane
separation market is dominated by multinational
companies such as Koch Membrane Systems, 3M Company, Dow Chemical Company,
Sartorius AG, Xylem Inc., Pall Corporation, and Merck Millipore. According to
Transparency Market Research, ue to the large number of companies operating in
various niches of the membrane separation market, the competition in the market
is set to remain intense in the coming years.
Buyers of
membrane separation products have a relatively low bargaining power in the
global market at present, as membrane separation products are quite similar to
each other. However, the increasing number of companies expanding beyond their
original region is set to make the market more competitive in the coming years,
boosting the power of the buyers.
Increasing Demand for Water in Emerging
Regions Beneficial for Membrane Separation Market
Several
emerging countries, such as India and China, are witnessing chronic water
shortage problems due to improper management and insufficient availability of
water treatment facilities. Membrane separation has emerged as a promising
solution in these regions, albeit with the caveat of high costs. The
chemical-free nature of membrane separation technology also makes it suitable
for use in water reuse and wastewater treatment facilities, which is another
rapidly growing industry in emerging economies.
The rapid
growth of the industrial sector in emerging economies is also beneficial for
the global membrane separation market, as many industries require purified
water and most produce significant quantities of wastewater. Membrane
separation allows the wastewater to be reused for non-consumptive purposes.
The growing
population of emerging countries, with China, India, and Brazil being three of
the five most populous countries in the world, is also crucial for the membrane
separation market. The growing population in these countries has ensured steady
demand for membrane separation technology in the coming years. This has made
these regions a lucrative target for global giants in the membrane separation
industry.
Lack of
Cost-effectiveness of Membrane Separation Leads to Threat from Alternatives
Despite being
safe and environmentally viable, membrane technology is hamstrung by its high
installation costs, which render it less cost-effective than conventional
methods of water treatment. Despite the growing government support, membrane
separation remains out of reach for many consumers in developing economies,
leading to conventional methods often being preferred due to their higher cost-effectiveness.
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The
promising performance of conventional methods, which currently outweighs the
threat posed by the chemicals used in them, has created a significant challenge
for manufacturers of membrane separation technology. As a result, actively
working on increasing public awareness about the safety benefits of membrane
separation is a crucial strategy for market players.
Ultrafiltration to
Exhibit Highest CAGR, Microfiltration to Retain Dominance
Of the various
types of membrane separation technologies, microfiltration is likely to remain
dominant through the forecast period, with the segment expected to reach a
valuation of US$13.1 bn by 2019. Despite its dominance, microfiltration is on
the wane, as ultrafiltration technology is expected to exhibit a robust 12.1%
CAGR from 2013 to 2019 – the highest of all product segments of the membrane
separation market.
Geographically,
Europe is the leading consumer of membrane separation technology, due to the
presence of several environmentally conscious and prosperous nations in the
region. However, due to the increasing government support to the water and
wastewater treatment sector in developing countries, Asia Pacific is likely to
become a dominant regional market for membrane separation technologies by the
end of the decade. The Asia Pacific membrane separation market is expected to
be valued at US$13.1 bn by 2019.
The global
membrane separation market is expected to be valued at US$39.2 bn by 2019. The
information presented in this review is based on a Transparency Market Research
report, titled, ‘Membrane Separation Market – Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 - 2019.’
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