Membrane Contactor Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2017–2027
August 5, 2022
Reports And Data
Increasing usage of membrane contactors in various industry verticals and in de-gassing applications is driving growth of the membrane contactor market.
NEW YORK, NY, UNITED STATES, August 5, 2022 /EINPresswire.com/ -- The global membrane contactor market is projected to reach a market size of USD 373.2 Million by 2027 and register a high CAGR during the forecast period, according to a latest report by Reports and Data. Key factors driving market growth include rising inclination toward achieving greater operational flexibility, controlled high interfacial area, less energy-consuming solutions, and linear scale-up with modular and more compact designs as compared to that offered by conventional devices such as gas absorbers.
Membrane contactors (MCs) is highly preferred for its advanced paradigm of membrane technology and an vast potential for applications in various sustainable and eco-friendly processes, including water desalination, industrial, commercial and municipal wastewater treatment, pharmaceutical processing, food & beverage production, protein extraction & crystallization, semiconductor & electronics manufacturing and VOC removal.
Advantages offered by membrane contactor systems over traditional column contactors, such as reduced overall size, higher operational flexibility, elevated mass transfer rate with linear scale-up, and considerable possibility of integration are factors driving growth of the global membrane contactor market.
The COVID-19 Impact:
The COVID-19 pandemic has adversely affected growth of the global membrane contactor market. Major market players remain unsure about the future of the membrane contactor industry and tend to adapt their strategies. The pandemic had a significant impact on manufacturing and transportation services. Most multinational companies had to shut down their factories. However, owing to a greater emphasis on safety of the filtration process, an effective measurement of sterilization and sanitization has been adopted by end-users, which directly boosts market growth.
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Key market players include 3M Company, Hydro-Elektrik GmbH, Veolia Environnement SA, Pure Water Group, Lenntech B.V., Compact Membrane Systems, Cobetter Filtration Equipment Pvt. Ltd., PTI Pacific Pty. Ltd., JU.CLA.S Srl, and Entegris, Inc.
Further Key Findings in the Report
• In March 2020, Nel ASA and Kværner AS announced their strategic collaboration on specific green hydrogen projects and standardization of solutions for large-scale hydrogen production plants.
• Rise in demand for clean and safe water has increased investments in water treatment globally, thereby driving global membrane contactor market growth, as membrane contactors are widely used in water treatment.
• The hollow fiber segment accounted for the largest revenue share in the global membrane contactor market in 2019, as membrane contactors with hollow fiber configuration are frequently applied owing to their larger contact surface area compared to their alternatives.
• Revenue from the Asia Pacific membrane contactor market is expected to increase at a CAGR of 8.0% over the forecast period owing to significant growth of the industrial sector and clean water programs being implemented countries in in this region.
• Among the materials segments, the hydrophobic membranes segment accounted for the largest market revenue share of 62.4% in 2019, which can be attributed to prevention of membrane wetting offered by hydrophobic membranes. Revenues from this segment are expected to increase at a CAGR of 5.4% over the forecast period.
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For the purpose of this report, Reports and Data has segmented the global membrane contactor market on the basis of material, membrane type, end-use industry, configuration, phase, and region:
Material Outlook (Revenue: USD Billion; 2017–2027)
Membrane Type Outlook (Revenue: USD Billion; 2017–2027)
End-use Industry Outlook (Revenue: USD Billion; 2017–2027)
• Microelectronics & Semiconductors
• Oil & Gas
• Water Treatment
• Power & Steam Generation
Configuration Outlook (Revenue: USD Billion; 2017–2027)
• Hollow Fiber
• Flat Sheet
Phase Outlook (Revenue: USD Billion; 2017–2027)
Regional Outlook (Revenue: USD Billion; 2017–2027)
• North America
• Asia Pacific
o South Korea
o Rest of APAC
• Latin America
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o Rest of MEA
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The Membrane Contactor report is formulated through extensive primary and secondary research and further validated through industry experts and professionals. The data has been accrued through authentic sources, including interviews, documents, databases, and other sources to offer accurate insights into the industry to offer beneficial data to the readers and companies.
Key Features of the Membrane Contactor Market Report:
• Detailed assessment and exhaustive understanding of the Membrane Contactor market
• Significant insights into manufacturing processes, major barriers, and risks
• 8-year forecast estimation to offer information about the market size and market share on the global and regional levels
• Evaluation of the key drivers, restraints, growth opportunities, threats, limitations, barriers, and other key elements
• Identification of growth prospects and potential for the Membrane Contactor industry
• Comprehensive analysis of the key market players and their strategies
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