The global membrane air dryers market is estimated to surpass a valuation of USD 1,200 Million by the end of 2032. The sales of membrane air dryers are expected to top USD 730 Million by 2022, exhibiting growth at a CAGR of 6.5% over the forecast period 2022 to 2032.
The increasing adoption of membrane air dryers in pneumatic brakes for automotive vehicles and trains is augmenting the growth in the market.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 670 Million |
| Expected Market Value (2022) | USD 730 Million |
| Anticipated Forecast Value (2032) | USD 1,200 Million |
| Projected Growth Rate (2022 to 2032) | 6.5% CAGR |
Membrane air dryers are cylinder houses with thousands of tiny hollow fibers made of polymers with an inner coating that uses selective permeation of the gas components in the air for dehumidification processes. These filtration systems provide a unique and efficient way to cut various contaminants from compressed air systems. It assists in lowering both the relative humidity and dew point at the same time, thereby, prolonging the system’s life by reducing corrosion and rust caused due to air with high moisture content or contaminated air.
Driven by these factors, membrane air dryers are finding a wide range of applications as advanced systems of filtration media for providing clean and dry air. It is increasingly gaining popularity across the food and beverage industry for applications such as gas separation in nitrogen production for food storage. Hence, increasing adoption of these air dryers across industries such as medical, industrial, telecommunication, and automotive among others is expected to bolster the sales of membrane air dryers in the market.
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Membrane air dryers offer numerous advantages such as energy-saving, improving the manufacturing process, noise reduction, and overall enhancement in the system's reliability. On account of this, they are finding usage across several application areas and have emerged as a vital component of a compressed air system.
These filtration systems provide clean, dry, and high-quality compressed air, along with assisting in lowering the operating cost significantly by conserving energy and improving existing system efficiency.
In addition, the implementation of stringent standards pertaining to food safety and hygiene by regulatory bodies such as the Department of Health (DOH), Center for Food Regulation and Research, and the USA Food and Drug Administration (FDA), and others, is encouraging food & beverage manufacturers to adopt advanced air filtration systems such as membrane air dryers.
Hence, increasing deployment across various sectors, especially by meat processing and dairy industry players is estimated to fuel the demand for membrane air dryers.
Membrane air dryers are highly expensive owing to their complex processes and need for thousands of tiny hollow polymer fibers for fabrication. In addition, the increasing availability of low-cost alternatives such as compressed air filters, refrigerated air dryers, desiccant air dryers, and chemical air dryers are hindering sales in the market.
These dryers reduce the oxygen content of the compressed air making them incompatible for breathing air applications. Also, the inability to provide clean and dry air in environments with excessive moisture in compressed air and the short life of membrane air dryers due to corrosion in equipment or piping are factors further hampering the demand in the market.
As per Future Market Insights, North America is projected to account for the lion’s share in the global membrane air dryers market between 2022 and 2032.
Rapidly expanding e-commerce industry and increasing logistics & transportation activities have resulted in a significant rise in sales of commercial vehicles across the countries such as the USA and Canada.
For instance, according to a report by the Bureau of Transportation Statistics, around 10.13 Million units of commercial vehicles were sold across the USA in 2019, which is 509,000 units more than that of 2018.
As membrane air dryers are increasingly being incorporated in air bearings and pneumatic braking systems used in lightweight and heavyweight commercial vehicles, accelerating sales of these automotive vehicles are expected to shoot up the demand in the North American market.
FMI states that Asia Pacific excluding Japan is anticipated to register growth at a robust CAGR in the global membrane air dryers market over the forecast period 2022 to 2032.
As the sales of automotive vehicles continue to rise, a significant rise in demand for petroleum derivatives is being witnessed across the Asia Pacific. Hence, governments in several countries across the region are emphasizing rising oil and natural gas exploration activities to increase their production of petroleum products.
For instance, according to the India Brand Equity Foundation, the Government in India has announced its plan on investing around USD 2.86 Billion for drilling more than 120 oil exploration wells and increasing natural gas production to 60 bcm by 2022.
As membrane air dryers are used to drive pneumatic pumps & actuators and operate drill rigs, increasing offshore oil & gas exploration activities are estimated to accelerate the growth in the Asia Pacific excluding Japan market.
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Some of the leading players in the membrane air dryers market are Donaldson Company Inc., Sullair Inc., Parker Co., Pentain Corp, Gardner Denver, Inc., Atlas Copco Corp, and others.
The market for membrane air dryers is highly competitive, due to a large number of participants and increasing adoption of product launches and capacity expansion strategies to strengthen the market share.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Application, Region |
| Regions Covered | North America; Latin America; Eastern Europe; Western Europe; Asia Pacific excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, South Africa |
| Key Companies Profiled | Donaldson Company Inc.; Sullair Inc.; Praker Co.; Pentain Corp; Gardner Denver, Inc.; Atlas Copco Corp |
| Customization | Available Upon Request |
FMI projects the global membrane air dryers market to expand at 6.5% value CAGR by 2032
The market for membrane air dryers is dominated by North America, and this trend is projected to continue in the foreseeable future.
Donaldson Company Inc., Sullair Inc., Praker Co., Pentain Corp, Gardner Denver, Inc., Atlas Copco Corp., and others are among the major participants in the membrane air dryers industry.
| Market Size (2023) | USD 5.69 billion |
|---|---|
| Market Size (2033) | USD 9.91 billion |
| Market CAGR (2023 to 2033) | 5.7% |
| Market Size (2022) | USD 4,984.6 Million |
|---|---|
| Market Size (2032) | USD 7,643.3 Million |
| Market CAGR (2022 to 2032) | 4.4% |
| Market Estimated Size in 2022 | USD 199.1 Million |
|---|---|
| Market Projected Size in 2029 | USD 252.4 Million |
| Market Value-based CAGR (2022 to 2029) | 3.4% |
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