Press release
Polymer Nanomembrane Market Entry Strategies: Approaches for Successful Penetration in 2031
Market Introduction:The global polymer nanomembrane market reached a value of USD 729.9 million in 2021 and is projected to reach USD 1,669.1 million by 2030, exhibiting a CAGR of 9.9% during the forecast period. The market volume was estimated to be around 208.3 square meters in 2021 and is expected to grow at a CAGR of 8.9% over the forecast period.
Polymer nanomembranes are artificial structures with a thickness of less than 100 nanometers. These membranes, made from polymers such as PAN, PVDF, PES, and others, have a significantly increased surface-area-to-volume ratio. They are primarily used in various sectors as nanofiltration membranes and nanofiber membranes.
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However, geopolitical conflicts affecting the electronics sector and the lack of knowledge in developing nations may pose challenges to the growth of the polymer nanomembrane market. On the other hand, the growing demand for athleisure clothing presents an opportunity for market expansion. Polymer nanomembranes offer lightweight, flexible, and waterproof properties, making them suitable for athleisure garments.
Growth Influencers:
1. Technological advancements in electronic and biotech devices: The increased use of polymer nanomembranes in pharmaceutical applications and advancements in electronic and biotech devices are driving the market. The development of new nanomembranes using enhanced nanofabrication technologies is also contributing to market growth.
2. Expansion of the water & wastewater treatment industry: The rising incidence of water scarcity is leading to the expansion of the water and wastewater treatment sector, driving the demand for polymer nanomembranes.
Segments Overview:
The global polymer nanomembrane market is segmented by type and end-user.
By Type:
- Polyacrylonitrile (PAN)
- Polyethylene (PE)
- Polyvinylidene Fluoride (PVDF)
- Polyamide
- Polypropylene
- Polyethersulfone (PES)
The Polyacrylonitrile (PAN) segment accounted for more than 35% of the market share in 2021. The polyamide segment is expected to grow at the highest CAGR of 11.1% during the forecast period.
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By End User:
- Water & Wastewater Treatment
- Chemical
- Electronics
- Oil & Gas
- Food & Beverages
- Pharmaceutical & Biomedical
- Others
The water and wastewater treatment segment is projected to surpass USD 1,000 million in revenue by 2030.
Regional Overview:
The global polymer nanomembrane market is divided into Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. North America held the largest market share of over 35% in 2021, while Europe is expected to exhibit the highest growth rate of 10.5% during the forecast period.
Competitive Landscape:
Key players in the global polymer nanomembrane market include Dupont De Nemours, Inc., Nitto Denko Corporation, Koch Separation Solutions, MICRODYN-NADIR GMBH, Pall Corporation, Synder Filtration, Inc., Alfa Laval AB, Pentair - X-Flow, Toray Industries, Inc., Sumitomo Electric Fine Polymer, Inc, and others. These players are investing in product launches, collaborations, mergers & acquisitions, and expansions to maintain a competitive edge in the market.
The global polymer nanomembrane market report provides insights into market penetration, market development, market diversification, competitive landscape assessment, product development & innovation, pricing analysis, manufacturing cost analysis, and advancement in polymer nanomembranes. It answers questions about market size and forecast, the impact,of COVID-19, investment opportunities, technology trends, market share of leading players, and favorable modes for market entry.
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