Nanofiltration Membranes Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023,

Nanofiltration Membranes Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global nanofiltration membranes market was valued at $565 million in 2016, and is projected to reach $813 million by 2023, growing at a CAGR of 5.3% from 2017 to 2023. The polymeric nanofiltration membranes segment was dominant in 2016, accounting for more than half the market share, in terms of both volume and revenue.

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Nanofiltration is pressure-driven membrane process utilized for liquid-phase separations. Properties of nanofiltration membranes lie amid those of non-porous reverse osmosis (RO) membranes and porous ultrafiltration (UF) membranes. These membranes thus allow ions to be separated through a combination of size & electrical effects of ultrafiltration (UF) membranes and ion interaction mechanisms of reverse osmosis (RO) membranes. Commercial nanofiltration membranes possess fixed charge developed through dissociation of surface groups such as carboxyl or sulfonated acids. The pore size of nanofiltration membranes is so small that even small uncharged solutes are rejected while surface electrostatic properties allow transmission of monovalent ions. These properties make these membranes useful in fractionation & selective removal of solutes in complex process streams.

Increase in usage of nanofiltration membranes in water purification & wastewater treatment and government regulations associated with water pollution majorly drive the nanofiltration membranes market across the globe. Growth in biopharmaceutical industry, rise in population, and rapid industrialization across emerging economies are other factors, which supplement market growth. However, high initial investment, lack of funds in developing countries, and strict government regulations associated with validation of filtration procedures restrict the growth. Key industry players are investing in R&D activities to improve fouling resistance of nanofiltration membranes.

By type, the nanofiltration membrane market is segmented into polymeric, ceramic, and hybrid. The polymeric nanofiltration membranes accounted for more than half of the global market in 2016, due to its relatively lower cost as compared to other types. Polymeric material affects the selectivity and permeability of the membrane. Ceramic nanofiltration membranes are anticipated to be the fastest growing segment during the forecast period as ceramic materials can withstand stronger chemicals, higher pressure and higher temperatures. Ceramic nanofiltration membranes are thus preferred in high-value applications, which can afford their higher cost.

By application, the nanofiltration membrane market is divided into water & wastewater treatment, food & beverages, chemical & petrochemical, pharmaceutical & biomedical, and others. Pharmaceutical & biomedical is the fastest growing application due to increase in usage of nanofiltration membranes in plasma purification; preparation of desalted & concentrated antibiotics, fractionation of proteins, filtration of DNA, RNA and endotoxins, virus removal from plasma products, and immobilization of cells & enzymes in biosynthesis.

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Key Findings of the Nanofiltration Membranes Market:
•Asia-Pacific is expected to lead the market in terms of revenue during the forecast period, followed by North America.
•The ceramic segment is expected to show the highest growth rate by type in Europe, registering a CAGR of 5.7% from 2017 to 2023.
•The pharmaceutical & biomedical segment is expected to show the highest growth by application, registering a CAGR of 7.5%.
•Asia-Pacific is expected to grow at the highest CAGR of 6.0%.
•The water & wastewater treatment segment occupied more than 60% share in the global market in 2016.

Asia-Pacific and North America collectively accounted for more than half of the share of the global market revenue in 2016. In the same year, Asia-Pacific dominated the market due to rise in water scarcity and growth in population.

The major companies profiled in the report include Alfa Laval AB, Argonide Advanced Water Filtration Systems, Applied Membranes Inc., GEA Group, Inopor GmbH, Koch Membrane Systems Inc., Nitto Group, Pall Corporation, The DOW Chemical Company, and Toray Industries, Inc.

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