21/07/2024
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Nanofiltration Membrane Market Forecast To Register CAGR Of Over 9.40% During The Forecast Period

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Global Nanofiltration Membrane Marketsize was valued at USD 1,001.88 Million in 2023 and is expected to reach USD 2,259.23 Million by 2032, at a CAGR of 9.4% during the forecast period 2023 – 2032.

Nanofiltration Membrane Market – Overview

A Nanofiltration membrane has a pore size of around 0.001 microns. Nanofiltration removes most organic molecules, viruses, natural organic matter and a range of salts. Nanofiltration membrane removes divalent ions, which make water hard, so Nanofiltration is often used to soften hard water.

The global Nanofiltration market is driven by various factors such as growing demand for clean and safe water, increasing urbanization, and growing usage of nanofiltration membranes in Industrial applications.

Increasing urbanization in China, India, Indonesia, South Africa, Brazil and other countries is propelling the demand for fresh and clean water, which in turn drives the demand for nano filtration membrane market.

Furthermore, rapidly expanding end use industries such as Automotive, textile, manufacturing, chemicals and materials are creating water demand, consequently creating pressure on available water resources. This is expected to create demand for Nanofiltration membranes for the purification and filtration of water.

However, the high cost of nanofiltration membranes as compared to traditional purification methods, less adaptation and utilization in underdeveloped countries, and lack of universal directives about the usage of these membranes are restraining the market growth during the forecast period.

Growing usage of Nanofiltration membranes in food and beverages and pharmaceutical applications is expected to create lucrative opportunities for the market during the forecast period.

Global Nanofiltration membrane market is segmented by type, module, application and by region. By type, the market is segmented into polymeric, ceramic, hybrid and other segments. Among all of these, the polymeric type held the highest market share of 42.00% in 2022 and is expected to keep its dominance during the forecast period owing to easy availability.

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By module, the spiral segment dominated the global market in 2022 and is expected to keep its dominance during the forecast period. Spiral module segments are used in a variety of end use applications such as food & beverages, pharmaceuticals, chemicals, and water treatment applications.

By Application, Industrial application dominated the global Nanofiltration membrane in 2022 and is expected to keep its dominance during the forecast period. Various Industries such as food & beverages, chemicals, pharmaceuticals and petrochemicals are utilizing Nanofiltration membranes.

It is used to concentrate on spent materials for disposal or recycling. The use of nanomembrane filtration is also a cost-effective alternative in many operations where dewatering or evaporation is involved to concentrate the process stream.

In terms of Region, North America accounted for the largest share of the global market in 2022 and is expected to keep its dominance during the forecast period. Major countries such as the U.S. and Canada are driving the market growth in this region.

List of the prominent players in the Nanofiltration Membrane Market:

  • DuPont Water Solutions
  • Toray Industries, Inc.
  • Veolia
  • Environnement S.A.
  • Alfa
  • Laval AB
  • GEA Group AG
  • Hydranautics
  • NX Filtration
  • Pall Corporation
  • Vontron Technology Co. Ltd.
  • Pentair
  • Koch Separation Solutions
  • Pure Aqua Inc.
  • Synder Filtration Inc
  • Others

Table of Contents: https://www.custommarketinsights.com/report/nanofiltration-membrane-market/#table-of-contents

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