Nanofilteration Membrane Market Business Overview and Industrial Trends by Leading Players 2021 - Argonide Corporation, Danaher, DowDuPont Inc., GEA Group, Inopor

The Global Nanofilteration (NF) Membrane Market was valued at USD 715.9 million in 2019 and is predicted to reach USD 1.17 billion by 2030 with a CAGR of 4.6% from 2020-2030.

Nanofilteration membrane is a water filtration process that offers selective solute removal based on both size and charge. It is made up of thin film polymer and possess pore size of 1-10 nanometers. Unlike reverse osmosis (RO) membranes that reject all solutes, NF membranes can operate at lower pressures and helps in softening the ground water or surface water by selectively removing multivalent salts and larger molecules. It can also filter out varying amounts of monovalent salts, and other organic or synthetic ions. Therefore, it is widely used in waste water management, food processing and pharmaceutical industries.

Access Full Description of this report at:-

https://www.nextmsc.com/report/nanofilteration-membrane-market

Competitive Landscape

The nanofilteration membrane market, which is highly competitive, consists of a few major players such as SUEZ, Applied Membranes, Inc., Argonide Corporation, Danaher, DowDuPont Inc., GEA Group, Inopor, Koch Membrane Systems, Inc., Nitto Denko Corporation, and Toray Industries, Inc. These major players are adopting various strategies such as collaboration, acquisition and product launch to maintain their dominance in the market. For instance, in March 2021, SUEZ had been awarded an associated 10-year service agreement with Irkutsk Polymer Plant of Irkutsk Oil Company and it also signed an agreement for large wastewater treatment project. SUEZ’s Water Technologies & Solutions business, is expected to provide critical water technology for the new plant and guarantee membrane replacements for the duration of the service agreement.

Market Dynamics and Trends

Rising urbanization and industrialization across developing economics along with the surging demand of drinkable water for domestic use are the factors driving the growth of nanofilteration membrane market. Besides, nanofilteration membranes are widely used in wastewater treatment facilities as they provide high purification rate. Moreover, they help in concentrating food & beverage naturally, without degrading their quality and thus is widely adopted in F&B industry. Furthermore, rising geriatric population, increasing demand of low-cost medicines and rapid development of healthcare infrastructure have led to greater demand for nanofilteration membrane in pharmaceutical and biomedical sector. Due to these factors, NF membrane market is expected to witness moderate growth during the forecast period.

However, high cost of installation, stringent regulations related to water filtration and lack of funds in the emerging economies are factors restraining the market growth. On the other hand, rising preference of chemical free water treatment across various countries is expected to create lucrative market opportunities for the market players during the forecast period.

Request sample copy of this report at:-

https://www.nextmsc.com/Nanofilteration-Membrane-Market/request-sample

Market Segmentations and Scope of the Study:

The global nanofilteration membrane market is segmented on the basis of type, application and geography. On the basis of type, the market is categorized into polymeric, inorganic and hybrid. On the basis of application, the market is classified into water & wastewater treatment, food & beverages, chemical & petrochemicals, pharmaceutical & biomedical and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America holds the lion share of global nanofilteration membrane market. This is attributed to factors such as adoption of advanced technologies, high capita income and increasing research for development in the field of nano-technology. Also, factors including growth of various industries such as biopharmaceutical, dairy, petrochemicals, and demand from oil & gas industry for nanofilteration membrane fuels the market growth in this region.

However, Asia Pacific is expected to witness the highest growth rate during the forecast period. The growth is most likely to be fueled by the growing population base that requires clean water, adoption of nanofilteration membrane in water treatment facilities, government’s emphasis to provide pure water to its citizens and rapid expansion of pharmaceutical & medical industries in this region.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.