The global nanofiltration membrane market size is likely to grow remarkably during the forecast period on account of the surging use of water and wastewater treatment globally. Fortune Business Insights in their report titled, “Nanofiltration Membrane Market Size, Share and Global Trend By Type (Fixed, Bridge, Cantilever, Gantry, Portable, Articulated Arm, Handheld), By Industry (Electronics, Automotive & Aerospace, Energy & Power, Heavy Machinery, Medical, Others), By Application (Quality Control & Inspection, Reverse Engineering, Virtual Simulation), and Geography Forecast till 2026,” provides a detailed analysis of the market.
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The report offers a comprehensive overview of the nanofiltration membrane market analysis providing the growth trajectory. All information presented in the report is derived from primary and secondary research methods. The list of significant players and the strategic moves adopted by them are also listed in the report. These strategies include contracts, mergers and acquisitions, investments made for research and development, company collaborations, and others. Operating business segmentation is also listed in the report that eases the understanding of the market for viewers and investors. Besides this, the key developments listed in the report will help vendors chalk out moves for gaining an important position in the market competition.
According to the nanofiltration membrane market trends, the market is categorized on the basis of type, end user industry, and geography. In terms of type, the market is classified into hybrid, ceramic, and polymeric. With respect to end use industry, the market is segmented into chemicals, food and beverages, pharmaceutical, and others.
The report highlights some of the important nanofiltration membrane market suppliers. These include:
- Nitto Denko Corporation
- DowDuPont Inc.
- Applied Membranes, Inc.
- Linde plc.
- Merck & Co.
- SPX Flow
- Argonide Corporation
- Toray Industries Inc.
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Surging Population in Waterstressed Regions to Bode Well for Market
The surge in the utilization of nanofiltration membranes in most of the industrial sectors, especially food and beverages, chemicals, and wastewater treatment industry, is a major nanofiltration membrane market growth driver. Besides this, the surge in the biopharmaceutical sector is expected to help increase the nanofiltration membranes market share in the forecast duration.
Other factors propelling the demand for nanofiltration membrane materials include increasing demand from the oil and gas industry and the expansion of the dairy industry for lactose concentration and demineralization. Moreover, the increasing population in water stresses regions may also help to increase the nanofiltration membrane market revenue in the years to follow.
However, the market may face challenges in terms of nanofiltration membrane cost and stringent regulations imposed by governments related to the filtration validation processes. Nevertheless, technological advancements in the machinery and equipment sector may create lucrative opportunities for the market and thus contribute to a higher nanofiltration membrane market share in the future.
North America to Dominate Market with Expansion of Biopharmaceutical Sector
Geographically, the market is categorized into the regions of Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Among these, the market is dominated by North America on account of the expansion of the biopharmaceutical sector, petrochemical and medical sector for nanofiltration membrane refining process, removal of disinfection from water, and water softening purposes. Furthermore, the rising demand from the oil and gas industry for gas purification purposes is further anticipated to contribute to the North America nanofiltration membrane market size in the future.
On the other side, there is a rise in awareness in Asia Pacific on account of the surge in industries across all emerging nations such as China and India. This ultimately increases the demand for nanofiltration membranes in the market. On a similar account, the rise in demand for the food and beverage industry is projected to earn high nanofiltration market growth on account of the increase in disposable incomes of people, coupled with high living standards. Moreover, the acceleration of the pharmaceutical industry is expected to boost the nanofiltration membrane market growth on account of factors such as the surge in generic medicine sales, medical infrastructure development, and demand for low-cost drugs.
Key Industry Developments
Some of the key industry developments in the nanofiltration membrane market include:
March 2017 – Caustic-COR nanofiltration systems were launched by Koch Membrane Systems Inc. This nanofiltration system was designed for purifying and recovering caustic reuse in food and beverage as well as industrial applications.
October 2018 – MODEC employed nanofiltration membranes for the offshore oil project in Brazil for minimizing operational pressures
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Key Segmental Overview:
- By Type
- By Industry
- By Application
- By Geography
Major Table of Content For Nanofiltration Membrane Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Nanofiltration Membrane Market Analysis, Insights and Forecast, 2026
- North America Nanofiltration Membrane Market Analysis, Insights and Forecast, 2026
- Europe Nanofiltration Membrane Market Analysis, Insights and Forecast, 2026
- Asia Pacific Nanofiltration Membrane Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Nanofiltration Membrane Market Analysis, Insights and Forecast, 2026
- Latin America Nanofiltration Membrane Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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