Nanofiltration Membranes Market Overview:
Global Nanofiltration Membranes Market was valued at $565 million in 2016, and is expected to reach at $813 million by 2023, registering a CAGR of 5.3% from 2017 to 2023. Nanofiltration is low to moderately high pressure (50-450 psig) procedure, which allows monovalent ions to pass freely through the membrane but retains divalent ions (calcium) and divalent salts (sodium sulfate). Nanofiltration membranes are manufactured in various formats including plate & frame, tubular, spiral wound, capillary, and hollow fiber from a wide range of materials including polymers, ceramics, and organic/inorganic hybrids. Use of these membranes dramatically reduces the operating costs due to lower power (pumping) requirement. These membranes have longer lifetime as compared to the other membranes due to their tolerance to cleaning cycles and increased stability. Nanofiltration membranes are primarily utilized in water & waste water treatment industry for softening of fresh water, desalination pretreatment, and waste wastewater treatment & reclamation. They are also utilized for degumming of solutions in edible oil processing industry for continuous cheese production, and in manufacturing of alternative sweeteners.
Rise in demand for potable water & reduced freshwater sources and environmental restrictions on municipal & industrial wastewater discharges are primary factors that drive the nanofiltration membranes market. Rapid industrialization in emerging economies, economic development, and increase in population in areas facing water scarcity are other factors, which supplement market growth. In addition, product differentiation in the market due to customization of products further fuel the market growth. Low adoption of these membranes in the developing countries due to cost constraints and strict government regulations for validation of filtration procedures hinder the market growth. Rise in use of chemical free treatment procedures in various industries and technological advancements in membrane strength & sizes due to increased demand for advanced separation across research activities in food & beverage and pharmaceutical industry provide potential opportunities for market expansion.
The global nanofiltration membranes market is segmented based on type, application, and geography. Based on type, it is classified into polymeric, ceramic, and hybrid. On the basis of application, it is categorized into water & wastewater treatment, food & beverages, chemical & petrochemical, pharmaceutical & biomedical, and others (textiles, agriculture, metalworking, and solid waste management). By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pockets
The water & waste water treatment is expected to be the first preference for new entrants as application of membrane technology is continuously increasing in this sector due to stringent water quality standards. New treatment systems adopt nanofiltration membranes as it reduces energy & operational costs. Rise in focus on water purification and recycling of wastewater is expected to boost the demand of nanofiltration membranes across the globe. Industrial and municipal applications, especially desalination plants have embraced membrane technology as the most effective treatment for water & wastewater.
India is expected to grow at a significant CAGR of 5.8% during the forecast period due to growth in population and rise in water scarcity. Membrane processes have emerged as a favorable solution for water reclamation across Asia-Pacific countries. Due to rise in R&D activities and advancements in production procedures of biopharmaceutical & pharmaceutical sector, nanofiltration membrane technology witnesses significant growth across developing countries such as China and India. South Korea nanofiltration membranes market generated revenue of $9 million in 2016, and is estimated to reach at $13 million by 2023, growing at a CAGR of 5.4% during the forecast period.
Korean nanofiltration membrane manufacturers utilize various strategies such as product launch and acquisition to increase their market share. Growth of nanofiltration membrane market is dependent upon expansion of wastewater treatment systems and industrial development & productivity in the region.
South Korea Nanofiltration Membranes Market, 2015-2023
The key players operating in this market 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.
The other key market players in the value chain include Culligan International Company, Entegris Inc., Linde Group, Merck KGaA, Parker-Hannifin Corporation, Shanghai Sffiltech Co., Ltd., Shanghai Minipore Industrial Co., Ltd., Siemens AG, SPX Corporation, and Uniqflux Membranes LLP.
Key Benefits :
- This report provides a quantitative & qualitative analysis of the current market trends and estimations from 2016 to 2023 to identify the prevailing market opportunities in the different application segments.
- Market trends of major countries in each region are mapped according to anticipated market revenue.
- Top investment pockets highlight the opportunities in the most lucrative application segment.
- Comprehensive analysis of the factors that drive and restrict the market growth is provided.
- An in-depth analysis of different regulations within the market is provided.
- Key manufactures of nanofiltration membranes are profiled and their recent developments are listed.
Nanofiltration Membranes Market Key Segments:
- Water & Wastewater Treatment
- Food & Beverages
- Chemical & Petrochemical
- Pharmaceutical & Biomedical
- Others (Textiles, Agriculture, Metalworking, and Solid Waste Management)
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA