November 30, 2019

Nanofilteration Membrane Market valuation will reach USD 1290.1 million by the end of 2030

The Global Nanofilteration Membrane Market size is estimated to be USD 715.9 million in 2019 and is predicted to reach USD 1290.1 million by 2030 with a CAGR of 5.4% from 2020-2030. Nanofilteration Membrane is used for water softening, removal of disinfection and other organic and synthetic ions from the water. These membranes have a pore size of 1-10 nanometers and made from thin films of polymer. These membranes have wide applications in various industries such as waste water treatment for the removal of ions and other small sized impurities. These membranes are widely used in dairy for food processing and others.

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As the pollution is increasing it has also increased the water purification and waste water treatment on a large scale, the government has also set high standards for the entire process to ensure the highest water purity which in turn drive the growth of Nanofilteration membrane market.

There are various other factors such as increase in pharmaceutical industry, rapid industrialization in the developing economies are further expected to contribute the growth of Nanofilteration membrane market. Moreover, Wide application in various end use industries such as agriculture, food and beverage and others are also expected to gain traction in the near future. However, high initial investment and stringent regulations for filtration process are expected to inhibit the growth of Nanofilteration membrane market. On the other hand, high investment in research and development by major market players are expected to create ample opportunities in the market.

Market Segmentations and Scope of the Study:

The global Nanofilteration membrane market share is analyzed on the basis of product type, application, and geography. On the basis of product type, the market is segmented into polymeric, inorganic, hybrid, and others. On the basis of application, the market is divided into water & wastewater treatment, food & beverage, industrial biotechnology, pharmaceutical intermediates, agriculture, textile & others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America represents the increased use of Nanofilteration membrane due to the high per capita income which has increased the affordability and increase in research and development activities in the field of nanotechnology. Furthermore, presence of advanced technology is expected to promote the growth of Nanofilteration membrane market.

Asia Pacific represents the rapid growth due to the presence of emerging economies. The rapid expansion of chemical industry and increase in foreign investment from the developed regions, furthermore, increased adoption of advanced technology are expected to fuel the growth of Nanofilteration membrane market.

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The Nanofilteration membrane market is highly competitive and fragmented due to the presence of large number of market players. Some of them are listed below Koch Membrane Systems, Inc., Applied Membranes, Inc., Inopor, Alfa Laval, Danaher, DowDuPont Inc., Argonide Corporation, Nitto Denko Corporation, GEA Group Aktiengesellschaft, and Toray Industries, Inc. among others.

There has been various development taken place in the market. For instance, in April 2019, Hydranautics – A Nitto Group Company, the global leader in membrane innovations, has launched the new and improved Nanofilteration (NF) range of ESNA1-LF-LD and ESNA1-LF2-LD membrane products. In January 2019, Hydranautics – A Nitto Group Company, is excited to announce the launch of its Product Selection Tools that will guide users in selecting the right membrane products.