The modern-day document posted via Report Ocean, titled “Nanofiltration Membranes Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global nanofiltration membranes market was valued at $565 million in 2016, and is expected to reach at $813 million in 2023, growing at a CAGR of 5.3% from 2017 to 2023. Nanofiltration membrane is used in various applications to remove dissolved solids from water. The membrane selectively removes ions with higher charge (magnesium or calcium) than ions with low charge (chloride or sodium). This selectivity results in lower pressure operation as osmotic pressure requirement is kept low, which offers pressure vessel material savings and energy savings. Nanofiltration membranes are utilized in lactose production from cheese whey to purify and concentrate lactose stream. They are also employed in water treatment for hardness removal, color reduction, and pesticide elimination.
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Increase in adoption of nanofiltration membranes in wastewater treatment and water purification as these membranes operate on low pressure and provide higher filtration rate is the primary factor that drives the market growth. Stringent environment regulations associated with water pollution, rapid industrialization across developing countries, and increase in population in water stressed areas are other factors, which supplement market growth. However, high installation costs and lack of funds in emerging economies such as India restrict the market growth. Nevertheless, increase in use of chemical free water treatment procedures across various industries provide potential growth opportunities for market expansion.
The report segments the nanofiltration membrane market on the basis of type, application, and geography. Based on type, the market is divided into polymeric, ceramic, and hybrid. According to application, the market is classified 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.
The major players operating in the global market focus on key market strategies such as product launch, mergers, acquisition, and expansion to strengthen their market reach to maintain their position in the competitive market. In March 2017, Koch Membrane Systems Inc. launched Causti-COR nanofiltration systems. These systems are especially designed to purify and recover caustic for reuse in industrial and food & beverage applications.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 to identify the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
An in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
Key players and their key developments in the recent years are listed.
The major players operating in this market include the following
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
Toray Industries, Inc.
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Nanofiltration Membranes Market Key Segments:
By Type
Polymeric
Ceramic
Hybrid
By Application
Water & Wastewater Treatment
Food & Beverages
Chemical & Petrochemical
Pharmaceutical & Biomedical
Others (Textiles, Agriculture, Metalworking, and Solid Waste Management)
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Argentina
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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