Global Chemical Separation Membranes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Chemical Separation Membranes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Chemical Separation Membranes market finds that the global Chemical Separation Membranes market reached a value of USD 12769.23 million in 2022. It’s expected that the market will achieve USD 20085.45 million by 2028, exhibiting a CAGR of 7.84% during the forecast period.

Influence of COVID-19 Outbreak on Chemical Separation Membranes Industry Development

At present, COVID-19 is pandemic worldwide, and the epidemic situation in Europe and America is serious. The government promulgated a social isolation policy, requiring people to be isolated at home and to maintain a safe social distance, which can reduce infections. Many factories were shut down due to epidemic conditions, and the production of chemical separation membranes was also affected. The downstream application industry of chemical separation membranes is hindered in production and sales, and the demand for chemical separation membranes will also be reduced. However, most of the downstream applications of the chemical separation membrane industry are daily necessities such as water, food, and natural gas. Therefore, compared with other industries, the epidemic has less impact on the chemical separation membrane industry. However, due to the economic downturn due to the impact of the epidemic, the chemical separation membrane industry cannot completely stay out of the situation. The development of the subsequent epidemic situation and changes in related policies will continue to affect the chemical separation membrane industry.

Limitations

Uniform industry standards are essential for quantitative assessment and development of innovative membrane solutions. The chemical separation membrane industry lacks unified testing standards and metrics, which hinders the growth of the separation membrane market.
Manufacturers use advanced production technology to continuously increase investment in research and development of chemical separation membranes and launch various new products. Because customers have little understanding of newly launched products and low trust, this greatly increases the difficulty of new products entering the market and may adversely affect the development of the chemical separation membrane market.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Dupont, NITTO DENKO CORPORATION, Evonik Industries AG with the revenue market share of 14.12%, 5.65%and 3.23% in 2019.

DuPont de Nemours, Inc., commonly known as DuPont, is an American company formed by the merger of Dow Chemical and DuPont on August 31, 2017, and then subsequent spinoffs of Dow Inc. and Corteva. Prior to the spinoffs it was the world's largest chemical company in terms of sales.

Within 18 months of the merger the company was split into three publicly traded companies with focuses on the following: agriculture, materials science, and specialty products. The agriculture division is named Corteva, the materials science spin-off is named Dow Inc., and the specialty products division is named DuPont.

Nitto Denko Corporation is a Japanese company that produces tapes, vinyl, LCDs, insulation, and several other products. It was founded in Osaki, Tokyo in 1918 to produce electrical insulation and it survived World War II, despite the destruction of its central offices which have since moved to Osaka. Nitto is a member of the Mitsubishi UFJ Financial Group (MUFG) keiretsu.

Segmentation Overview:

Among different product types, PTFE Membranes segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Water Purification segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Chemical Separation Membranes market covered in Chapter 3:

Suntar
L'Air Liquide S.A.
Pentair PLC
DIC Corporation
3M Company
Dupont
Markel Corporation
NITTO DENKO CORPORATION
Evonik Industries AG
MedArray Inc.
Pervatech BV
MICRODYN-NADIR GmbH
Novamem Ltd.
DeltaMem AG
PBI Performance Products, Inc.
Compact Membrane Systems, Inc.
Koch Membrane Systems, Inc

In Chapter 4 and Chapter 14.2, on the basis of types, the Chemical Separation Membranes market from 2018 to 2029 is primarily split into:

PTFE Membranes
EPTFE Membranes
PEEK Membranes
Polypropylene Membranes
PVDF Membranes
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Chemical Separation Membranes market from 2018 to 2029 covers:

Water Purification
Food and Beverages
Oil and Gas
Pharmaceuticals
Laboratory and Analytical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)