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The increasing use of membrane contactors in various vertical industries and degassing applications is driving the growth of the membrane contactor market
New York City, New York, USA, November 12, 2021/EINPresswire.com/-It is predicted that by 2027, the global membrane contactor market is expected to reach 373.2 million U.S. dollars and achieve a high compound annual growth rate during the forecast period. The latest report of reports and data. The key factors driving market growth include: Compared with traditional equipment such as gas absorbers, there is an increasing tendency to achieve greater operational flexibility, controllable high interface area, solutions with lower energy consumption, and modularity and more Linear amplification of compact design.
Membrane contactor (MC) is favored for its advanced membrane technology paradigm and huge application potential in various sustainable and environmentally friendly processes, including desalination, industrial, commercial and municipal wastewater treatment, pharmaceutical processing, food and beverage Production, protein extraction and crystallization, semiconductor and electronics manufacturing, and VOC removal.
Compared with the traditional column contactor, the membrane contactor system has advantages, such as reduced overall size, higher operating flexibility, increased mass transfer rate through linear amplification, and considerable integration possibilities. These are all driving the global membrane Factors in the growth of the contactor market.
The COVID-19 pandemic has adversely affected the growth of the global membrane contactor market. Major market participants are still uncertain about the future of the membrane contactor industry and tend to adjust their strategies. The pandemic has had a major impact on manufacturing and transportation services. Most multinational companies have to close their factories. However, due to greater emphasis on the safety of the filtration process, end users have adopted effective sterilization and disinfection measures, which directly promotes market growth.
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The main market participants include 3M Company, Hydro-Elektrik GmbH, Veolia Environnement SA, Pure Water Group, Lenntech BV, 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 a strategic cooperation on specific green hydrogen projects and the standardization of solutions for large hydrogen plants. • Increasing demand for clean and safe water has increased global investment in water treatment, thereby driving the growth of the global membrane contactor market because membrane contactors are widely used in water treatment. • The hollow fiber segment accounted for the largest revenue share of the global membrane contactor market in 2019, because the hollow fiber configuration of the membrane contactor is frequently used due to its larger contact surface area compared with alternatives. • Due to the significant growth of the industrial sector and the clean water plans being implemented by countries in the region, the revenue of the Asia-Pacific membrane contactor market is expected to grow at a compound annual growth rate of 8.0% during the forecast period. • In the materials segment, the hydrophobic membrane segment accounted for the largest market revenue share of 62.4% in 2019, which can be attributed to the prevention of membrane wetting provided by the hydrophobic membrane. The revenue of this division is expected to grow at a compound annual growth rate of 5.4% during the forecast period.
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The rapid development of manufacturing and equipment, the strong growth of the construction industry, the widespread adoption of environmentally friendly materials in buildings, and the growing demand for smart buildings and smart homes are driving market growth. Steady growth in global disposable income, improved living standards, an increase in the number of reconstruction projects, and high demand for beautiful and luxurious residences are further driving market growth. In addition, increasing R&D investment and government plans to support the manufacturing and construction industries are driving the growth of the global thin film contactor market.
For the purpose of this report, the report and data segment the global membrane contactor market based on material, membrane type, end-use industry, configuration, stage, and region:
Materials Outlook (Revenue: USD billion; 2017-2027)
Membrane type outlook (revenue: billion US dollars; 2017-2027)
Terminal industry outlook (revenue: billion US dollars; 2017-2027)
• Microelectronics and semiconductors • Oil and gas • Processing • Water treatment • Electricity and steam production • Others
Allocation Outlook (Revenue: USD billion; 2017-2027)
• Hollow fiber • Capillary tube • Flat plate
Phase outlook (revenue: billion US dollars; 2017-2027)
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North America (United States, Canada, Mexico) Europe (UK, Italy, Germany, France, rest of Europe) Asia Pacific (India, Japan, China, South Korea, Australia, rest of Asia Pacific) Latin America (Chile, Brazil, Argentina, Latin America) Rest of the Americas) Middle East and Africa (Saudi Arabia, UAE, South Africa, other MEA regions)
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