[FURL=https://www.industryarc.com/Research/Nanofiltration-Membranes-Market-Research-501600]Nanofiltration Membranes Market[/FURL] size is forecast to reach $956 million by 2025 after growing at a CAGR of 6% during 2020-2025. Nanofiltration membranes are made from Polymer-based thin films. This type of membrane filtration method employs nanometer-sized cylindrical through-pores that pass through the membrane at 90°.The growth of the market of Nanofiltration membranes is expected to be driven by the high demand from the chemical industry. The other growth factor is Water treatment sector which is using nanofiltration membranes for water filtration.Key Takeaways
North America dominates the nanofiltration membranes market owing to increasing demand from biopharmaceutical industry.
Stringent government regulations associated with water pollution will drive the market in the forecast period.
High installation costs and lack of funds in the emerging economies will restrict the market growth in the forecast period.
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Nanofiltration Membranes Market Segment Analysis - Geography
North America dominates the nanofiltration membranes market with a share of 41% followed by APAC and Europe. In North America, nanofiltration membrane industry is growing due to parameters such as expansion of biopharmaceutical sector, dairy, petrochemical and medical refining and others. Moreover, demand from oil and gas industry for nanofiltration membrane is thriving the market as purification of gas condensate is a key application in oil and gas industry. Similarly, nanofiltration membrane in food & beverage industry is used to concentrate food & drink naturally without degrading products. Rising the disposable income of individuals and high living standards across developed and developing economies contributes to a rise in demand for fast food & drinks. This makes it possible to increase the market for nanofiltration membrane for food & beverage concentration. The growth of this market is expected to be driven by this factor.
Nanofiltration Membranes Market Drivers
Increased adoption of nanofiltration membranes in wastewater treatment and water purification
Increase in demand for nanofiltration membrane for concentration of food & beverages
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the nanofiltration membrane market. In 2019, the market of nanofiltration membrane has been consolidated by the top five players accounting for XX% of the share. Major players in the nanofiltration membrane market are Gea Group, Inopor Gmbh, Nitto Group, Toray Industries, Inc., Pall Corporation and others.
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