From GlobeNewswire: 2025-01-21 06:30:00

The global Dehydration Membrane Market is expected to reach US$ 1,516.5 million in 2024, with a projected growth rate of 4.3% from 2024 to 2034. Industries like petrochemicals, pharmaceuticals, and food & beverage rely on dehydration membranes to maintain product stability and purity. Manufacturers are focusing on innovation and technological advancements to enhance membrane performance.

Dehydration membranes are crucial in industries like petrochemicals and pharmaceuticals for removing water content, improving efficiency and sustainability. The market is projected to grow at a CAGR of 4.3% and reach US$ 2,310.4 million by 2034. North America is expected to hold a market share of 34.1% in 2034. Key players driving innovation in the market include Generon, UBE Industries, and Mitsubishi Chemical.

Market developments in dehydration membranes include new materials, renewable energy integration, and the development of small-scale portable systems. In July 2023, Air Products announced advancements in LNG technology at LNG2023 in Vancouver. Asahi Kasei created a membrane device in December 2023 for dehydrating organic solvents in pharmaceutical applications, partnering with Ono Pharmaceutical for verification.

Fact.MR offers valuable insights into the Dehydration Membrane Market, presenting historical data from 2019 to 2023 and forecast statistics from 2024 to 2034. The study covers applications, types of materials, end-user industries, and major regions worldwide. Other related studies by Fact.MR include the Polyglycerol Ester Market, Heat Seal Binders Market, Biomass-Balanced Polymers Market, and Climate Smart Fertilizer Market.

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Read more at GlobeNewswire: Dehydration Membrane Market is Projected to Surge at 4.3%