The Global Spiral Membranes Market is expected to reach USD 12.57 billion by 2028, growing at a CAGR of 9.4% over the forecast period. Spiral membranes are widely used in many end-use industries including food & beverages, water & wastewater treatment, oil & gas, pharmaceutical & biotechnology, chemical & petrochemical, and oil & gas. They mainly act as a selective barrier, thereby enabling the passage of certain elements while retaining the others.
Spiral membranes are mostly known as filtration elements. They are largely used in industrial and commercial applications. In recent time, there has been development of novel processes and membranes for innovative applications. This can be mainly attributed to increasing developments in spiral membrane materials and the growing demand for reducing energy consumption in the chemical processing industry.
Increasing adoption of spiral membrane due to the rising awareness of water and wastewater treatment, along with the need for selective separation for fulfilling water quality standards, is the main factor that is driving the growth of the global spiral membrane market. Likewise, stringent environmental guidelines in emerging countries are an important factor that is anticipated to boost the growth of the global spiral membrane market over the forecast period.
On the other hand, the high cost associated with manufacturing tools of spiral membrane is a key factor that is anticipated to hamper the growth of the spiral membrane market in the near future. Moreover, high maintenance cost of spiral membrane is likely to slow down the growth of the target market during the forecast period.
Global Spiral Membranes Market, By Type
On the basis of polymer type, the polyamide segment is expected to account for the highest share of the spiral membrane market over the forecast period (2016-2028). The estimated large market share of this segment can be mainly attributed to its wide availability as well as the cost effectiveness of polyamide membranes. Polyamide membranes are more cost effective than other membrane materials.
Global Spiral Membranes Market, By Technology
On the basis of technology, the reverse osmosis segment is expected to account for the highest share of the spiral membrane market over the forecast period. This is mainly due to the increasing use of reverse osmosis in industrial effluent and desalination applications.
Global Spiral Membranes Market, By End Use Industry
On the basis of end-use industry, the water & wastewater treatment segment is expected to account for the highest revenue of the spiral membrane market over the forecast period. More than 50% of the worldwide population live in urban areas. India and China account for more than 30% of the worldwide urban population. The rapidly increasing population and growing urbanization have augmented the demand for clean water. This is increasing the use of spiral membranes across the water & wastewater treatment industry.
Key Market Developments
Some Key Findings of the Global Spiral Membranes Market Report Include:
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