Nanofilteration Membrane Market Demand and Competitive Analysis by Leading Manufacturers 2021-2030

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.

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Top Companies: SUEZ, Applied Membranes, Inc., Argonide Corporation, Danaher, DowDuPont Inc., GEA Group, Inopor, Koch Membrane Systems, Inc., Nitto Denko Corporation, and Toray Industries, Inc.

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.

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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.

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