$340 Mn Membrane Contactor Markets: Water & Wastewater Treatment, Food Processing, Pharmaceuticals Processing, Microelectronics & Semiconductors - Global Forecast to 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Membrane Contactor Market - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

In terms of value, the membrane contactor market size is estimated to be USD 257 million in 2020 and projected to reach USD 340 million by 2025, growing at a CAGR of 5.8% from 2020 to 2025.

The increasing use of membrane contactors in degassing applications and their preference over other conventional equipment - such as vacuum towers and packed towers - have boosted their demand in recent years.

Water & wastewater treatment segment estimated to lead the membrane contactor market in 2020.

Based on application, the membrane contactor market has been classified into the food processing, pharmaceuticals processing, water & wastewater treatment, microelectronics & semiconductors, power & steam generation, oil & gas, and other segments. The water & wastewater treatment segment is estimated to account for the largest market share in 2020, owing to the increasing use of membrane contactors in industrial wastewater processing and municipal water treatment plants.

The polypropylene segment is expected to account for the largest share of the membrane contactor market during the forecast period.

Based on the membrane, the global membrane contactor market is segregated into polypropylene, polytetrafluoroethylene, and others including membranes made of materials such as PMP, PFA, PVDF, and composites. Among these, the polypropylene segment accounted for the largest share.

This is because membrane contactors commercialized under the brand Liqui-Cel by the 3M Company generally uses polypropylene microporous hollow fiber membrane. These membrane contactors contain thousands of microporous polypropylene hollow fibers knitted into an array that is wound around a distribution tube. The hollow fibers are arranged in a uniform open packing, allowing greater flow capacity and utilization of the total membrane surface area.

Europe is projected to be the largest consumer of the membrane contactor market.

Based on region, the membrane contactor market has been segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The market is witnessing steady growth, and this trend is expected to continue during the forecast period.

The Asia Pacific accounted for the largest market share in 2019, with the market in this region also expected to witness the highest growth rate during the forecast period. Rising population, growing industrialization, increasing awareness about water and wastewater treatment, and shift from chemical water treatment to physical water treatment have contributed to the high demand for membrane contractors in this region.

Market Dynamics

Drivers

• Preferred Technology for the Removal of Gases
• Inclination Towards the Use of Membrane Degassing Over Chemical Degassing

Restraints

• High Capital and Replacement Cost of Membranes

Opportunities

• Alternative for Post-Treatment of Anaerobic Effluents
• Application in Inkjet Printing, Ink Filling, and Coatings
• Growth Potential in the Asia-Pacific and Middle East Regions

Challenges

• Reluctance of Plant Designers to Accept New Technologies
• Issues Related to Lifespan and Efficiency of Membranes

Companies Mentioned

• 3M Company
• Cobetter Filtration Equipment Pvt. Ltd.
• Compact Membrane Systems
• Entegris, Inc.
• Eurowater
• Euwa H. H. Eumann GmbH
• Hangzhou Cobetter Filtration Equipment Co., Ltd.
• Hydro-Elektrik GmbH
• JU.CLA.S Srl
• KH TEC GmbH
• Kvarner ASA
• Lenntech B.V.
• PTI Pacific Pty. Ltd.
• Pure Water Group
• Romfil GmbH
• Veolia Environnement SA

For more information about this report visit https://www.researchandmarkets.com/r/8lp5cb