The global Membranes Market is projected to grow from USD 7.4 billion in 2024 to USD 11.1 billion by 2029, registering a CAGR of 8.6%, according to a new market study. This surge is fueled by a rising focus on water and wastewater treatment, stricter environmental regulations, and increasing preference for physical over chemical water treatment methods.
Membrane technologies—such as Reverse Osmosis (RO), Ultrafiltration (UF), Microfiltration (MF), and Nanofiltration (NF)—are becoming vital in both municipal and industrial sectors. Advanced materials like polymeric and ceramic membranes are driving innovation in terms of efficiency, cost-effectiveness, and durability.
Key players in the market include DuPont, Toray Industries, Hydranautics, Kovalus, Pall Corporation, and Veolia, with notable developments such as:
- Toray’s highly durable RO membranes (March 2024), enhancing reuse in industrial wastewater.
- Asahi Kasei’s RespiGard membrane (March 2023), expanding into technical and consumer sectors.
- Veolia’s partnership with Locus for bio-based membrane additives (April 2023), supporting sustainable treatment methods.
North America holds the second-largest market share, led by robust industrial demand, stringent EPA regulations, and high-purity water requirements in pharmaceuticals, biotech, and electronics.
As water scarcity intensifies and clean water regulations tighten, membranes are becoming indispensable for sustainable water management.