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Nanofiltration Membranes Market Projected To Reach $813 Million by 2023, Growing At A CAGR Of 5.3% from 2017 To 2023

02-07-2019 11:14 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Nanofiltration Membranes Market

Nanofiltration Membranes Market

The Nanofiltration Membrane Market is expected to grow at a CAGR of 5.3% between 2017 and 2023, reaching $ 813 million in 2023.

The polymer nanofiltration membrane segment accounted for more than half of the market share in 2016 and was dominated by sales volume and sales.
Nanofiltration is a pressure-driven membrane process used for liquid phase separation.

The properties of nanofiltration membranes are characteristic of non-porous reverse osmosis (RO) membranes and porous ultrafiltration (UF) membranes. This membrane thus allows ions to separate through the combination of the size and electrical effects of the ultrafiltration (UF) membrane and the ionic interaction mechanism of the reverse osmosis (RO) membrane. Commercial nanofiltration membranes have a fixed charge through dissociation of surface groups such as carboxyl groups or sulfonated acids. The pore size of the nanofiltration membrane is too small to reject solids that do not have a small charge, while the surface electrostatic properties allow the delivery of monovalent ions. These properties make this membrane useful for fractionation and selective removal of solutes in complex process streams.

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.

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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
• Toray Industries Inc.

As government regulations related to water purification and wastewater treatment and water pollution increase the use of nanofiltration membranes, the nanofiltration membrane market grows globally.

Growth of the biopharmaceutical industry, population growth, and rapid industrialization of emerging economies are another factor that complement market growth. However, stringent government regulations related to high initial investment, lack of funds in developing countries, and verification of filtration procedures limit growth. Major industry players are investing in research and development activities to improve the resistance to contamination of nanofiltration membranes.

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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.

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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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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