Global membrane market to reach USD 13.6 billion by 2033 with 8.4% CAGR

From GlobeNewswire: 2024-05-28 12:30:00

Custom Market Insights has released a report on the global Membrane Market. The market was valued at USD 6.4 billion in 2023, expected to reach USD 6.9 billion in 2024 and grow to USD 13.6 billion by 2033, with an 8.4% CAGR. Membranes are used in water purification, biotech, and industrial processes, driving demand.

Polymeric materials dominate the membrane market due to their versatility and affordability, with reverse osmosis technology leading the way in water purification applications. Water and wastewater treatment applications are the largest segment, with Asia-Pacific leading the market due to industrial growth and environmental concerns. BASF SE is a key player in the industry.

The report covers market size, trends, and insights, with revenue estimated to reach USD 13.6 billion by 2033. Key players like Dow Chemical, Asahi Kasei Corporation, and LG Chem are driving innovations in membrane technology. Request a customized copy of the report for tailored research and insights on the Membrane Market.



Read more at GlobeNewswire: [Latest] Global Membrane Market Size/Share Worth USD 13.6