The global nanofiltration membrane market size was valued at USD 724.6 billion in 2021 and is poised to grow at a significant CAGR of 6.3% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC “Nanofiltration Membrane Market: By Type (Hybrid, Inorganic and Polymeric), By Application (Chemical & Petrochemicals, Food & Beverages, Pharmaceutical & Biomedical, Water & Wastewater Treatment and Others) and Geography-Global/Region/Country Forecast to 2028.”
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Expansion of Pharmaceutical Industry is driving the Global Nanofiltration Membrane Market:
A few of the major factors influencing the growth of market are increasing sales of generic medicines, high standard of living around developed and developing economies, growing demand for low-cost drugs, rising application of nanofiltration membrane in different industries, development in medical infrastructure and the expansion of pharmaceutical industry. On the other hand, high installation costs and lack of funds in the emerging countries like India are constraining the growth of market. Moreover, nanofiltration membranes are mainly sensitive to free chlorine. The growth of this market is estimated to be hindered by its inability to handle chlorine concentration. Potential market expansion prospects are presented by the increasing use of chemical-free water treatment processes.
Nanofiltration technology (NF) is growing and finding more applications in food processing and appears as significant substitute for conventional methods. Increasing energy costs and the demands for products with great nutritional value and of processing procedures less toxic to the environment are the important factors to transfer membrane processing to food industries. Nanofiltration technology is used in the dairy sector to concentrate whey and permeates from other whey treatments and in the recycle of clean-in-place solutions. Dextrose syrup and thin sugar juice are concentrated by NF in the processing of sugar while ion exchange brines are demineralized. Nanofiltration technology is used to degum solutions in the edible oil processing segment for constant cheese and alternative sweeteners production.
North America accounted for major share in the Global Nanofiltration Membrane Market:
Global market report gives comprehensive outlook on nanofiltration membrane across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America got significant revenue share in the global nanofiltration membrane market with significant CAGR rate. North America market is growing because of the increasing use of nanofiltration membranes in water treatment systems and high government regulations about environment safety and water pollutions. Moreover, Asia Pacific witnessed significant market share during the projected time span due to the global industrial expansion, huge demand from end-use industries and growing population.
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Competitive Analysis - Global Nanofiltration Membrane Market:
Major players working in the global nanofiltration membrane market are Alfa Laval AB, Applied Membranes Inc., Argonide Advanced Water Filtration Systems, GEA Group and Inopor GmbH. Key players in the market focus on adopting key strategies to strengthen their position in the market.
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