Nanofiltration Membrane Market Share, Size, Trends, Industry Analysis Report, By Type (Polymeric, Ceramic, Hybrid, Others); By Module; By Application; By Region; Segment Forecast, 2024 - 2032
- Published Date:Feb-2024
- Pages: 115
- Format: PDF
- Report ID: PM4606
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Nanofiltration Membrane Market size was valued at USD 1.27 billion in 2023. The market is anticipated to grow from USD 1.39 billion in 2024 to USD 3.01 billion by 2032, exhibiting the CAGR of 10.2% during the forecast period.
Market Overview
Nanofiltration membranes are increasingly utilized in the pharmaceutical industry, water treatment, biotechnology, and other verticals, attributable to their superior filtration capacity and the potential to hinder contaminants and other particles from flowing through flexible, permeable membranes. The rising demand for automobiles, primarily e-vehicles, in the marketplace is positively influencing market growth owing to their use in the automotive and semiconductor manufacturing processes for fabrication procedures.
- For instance, in July 2023, DuPont introduced a new nanofiltration membrane, DuPont FilmTec LiNE-XD, for lithium brine purification. This initiative supports the ongoing demand for direct lithium extraction.
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Moreover, nanofiltration is gaining importance in the food and beverage industry, driven by the prevalent use of filtration in the processing of juices, dairy products, wine, and beer. This is anticipated to boost the demand for nanofiltration membranes in the coming years.
However, the existence of higher initial investment costs and a lack of knowledge on the use of nanofiltration membranes in multiple applications are expected to hinder market growth in the coming years.
Growth Drivers
The rising extraction process of oil and gas
The rising oil and gas extraction process in the world market is significantly benefiting the nanofiltration membrane market growth as it can be utilized in the separation of resources from impurities, facilitating the quality of energy for end users. In addition, it is widely incorporated in brine solution processing as it involves the separation of water generated from salts and impurities generated in the extraction activity.
The increasing number of research studies focusing on nanofiltration
The global dye industry is looking for nanofiltration membranes due to the presence of stringent regulations on the textile industry to emit zero liquid discharge by most countries, such as India, China, and Bangladesh, and the higher use of water in manufacturing and dye coloring, which is optimally boosting the demand.
A 2023 study focused on reviewing the recent developments in nanofiltration membranes, specifically those that are used to extract heavy metals from wastewater. The polyvinyl amine and glutaraldehyde membranes show 99.90% treatment efficiency in extracting Cr3+ from wastewater.
Restraining Factors
Higher initial costs will impede nanofiltration membrane market growth
High initial costs are a barrier to the growth of the nanofiltration membrane market. Nanofiltration membranes are relatively more expensive than reverse osmosis (RO) membranes, and this cost can limit the development of the market, particularly in emerging economies. Additionally, the lack of resources in some emerging economies and rigid public laws associated with water pollution can further hinder market growth.
Report Segmentation
The market is primarily segmented based on type, module, application and region.
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By Type |
By Module |
By Application |
By Region |
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By Type Analysis
Polymeric segment is likely to register the highest growth during the forecast period
The polymeric segment will grow rapidly during the nanofiltration membrane market forecast period owing to its ease of production and filtration of wastewater. Polymeric nanofiltration membranes are widely employed in separation processes, from water filtration to industrial manufacturing purification, due to their effectiveness and adaptability.
The growing research and development on the application of polymeric membranes is expected further to fuel its segmental growth in the coming years. For instance, in 2023, a study published in PubMed Central focused on reviewing the biomedical applications of polymeric nanofiltration membranes. The prevailing research progress on the development of artificial organs, such as the liver, lungs, hemodialysis, and pancreas, is optimally showing significant growth potential for the polymeric membranes.
The ceramic segment led with a substantial revenue share in 2023, largely attributable to its ability to offer higher hydrophilicity and thermal & chemical resistance. This is driving its use in dairy production, oil and water separation, filtering wastewater, and dye filtration. A 2022 study explored the utilization of periodic electrolysis to limit fouling and promote the filtration efficiency of ceramic membranes.
By Module Analysis
Hollow fiber segment accounted for the largest market share in 2023
The hollow segment held the largest share. It plays a significant role in removing large particles based on their size in the liquid with selective filters. The higher rate of scalability of hollow fiber is anticipated to witness growth potential in the coming years. Research studies are revealing potential opportunities for hollow fiber. For instance, a 2023 study focused on reviewing the production process of hollow fiber nanofiltration in labs for long-term applications. The increased geometric and chemical stability of hollow fiber with the polyelectrolyte multilayer production process is gaining adoption in multiple applications, making it a sustainable alternative to spiral fiber nanofiltration.
The spiral wound segment is expected to grow at the fastest rate over the next few years on account of the rapid increase in demand for whey protein and lactose concentration. The availability of several configurations of spiral wound nanofiltration with multiple membrane lengths and types is stimulating its use in the global space. The lower chance of membrane breakability compared to the hollow, ease of cleaning process, and strong design are likely to create new growth potential during the study period.
By Application Analysis
Industrial segment held a prominent share in terms of revenue in 2023
The industrial filtration segment held an iconic growth share in revenue in 2023, which is highly accelerated due to the continuous rise in its adoption in brine recovery. The enormous strength of avoiding larger quantities of sulphate and permitting sodium chloride ions through the nanofiltration membrane makes it a suitable solution for brine recovery in the industrial process.
The growing progress in nanofiltration membrane application in water treatment, pharmaceuticals, and chemical and petrochemical processing are crucial factors leading to higher revenue in the marketplace. However, according to the nanofiltration membrane market analysis, rising municipal water treatment activities in the world are projected to showcase new demand for nanofiltration membranes in the coming years.
Regional Insights
North America region registered the largest share of the global market in 2023
North America dominated the market. The region’s growth is due to rising sustainable practices in water recovery and reutilization in municipal and industrial applications. The progress in investment activities in water treatment plants is positively influencing the demand for nanofiltration membranes. For instance, in October 2023, the US Agriculture Department unveiled an allotment of $800 million for rural infrastructure projects.
Furthermore, Stanly County has $32 million to promote wastewater treatment in West Stanly, which is expected to start construction in January 2025. This ongoing funding for water treatment is likely to enhance nanofiltration membrane market demand in the coming years.
The Asia Pacific region is expected to grow at the fastest rate during the forecast period, owing to the growing need for water and the rising population growth in the region. Climate change is causing water scarcity in the world, driving the need for wastewater treatment by countries. The presence of industrial and manufacturing hubs in the region, such as India and China, is contributing to the higher demand for nanofiltration membranes in the coming years due to their effective filtration potential.
Key Market Players & Competitive Insights
Strategic partnerships to drive the competition
The nanofiltration membrane market development is moderately fragmented and consolidated, driven by the presence of several players with ongoing expansion activities, specifically partnerships and acquisitions. The key market players are focusing on research and development activities focusing on high-productive and bio-separation solutions in the biopharmaceutical space. For instance, in November 2023, Nijhuis Saur Industries and NX Filtration entered into a collaboration agreement to develop MONF, an advanced mobile, hollow fiber nanofiltration unit.
Some of the major players operating in the global market include:
- Alfa Laval AB
- DuPont Water Solutions
- GEA Group AG
- Hydranautics
- NX Filtration
- Pall Corporation
- Pentair
- Toray Industries, Inc.
- Veolia Environnement S.A.
- Vontron Technology Co., Ltd.
Recent Developments in the Industry
- In July 2023, DuPont introduced FilmTec LiNE-XD nanofiltration membrane elements for lithium brine purification, catering to the growing demand for Direct Lithium Extraction. These high-productivity membranes offer increased water and lithium recovery with reduced energy consumption, ensuring reliable operation and robust element lifetime.
- In November 2022, NX Filtration and Transcend entered a partnership with the aim of showcasing the advantages of direct nanofiltration membranes through generative design software.
Report Coverage
The nanofiltration membrane market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, type, module, application, and their futuristic growth opportunities.
Nanofiltration Membrane Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 1.39 billion |
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Revenue forecast in 2032 |
USD 3.01 billion |
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CAGR |
10.2% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
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Regional scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
Uncover the dynamics of the Nanofiltration Membrane Market sector in 2024 with detailed statistics on market share, size, and revenue growth rate meticulously curated by Polaris Market Research Industry Reports. This all-encompassing analysis extends to a forward-looking market forecast until 2032, complemented by a perceptive historical overview. Immerse yourself in the profound insights offered by this industry analysis through a complimentary PDF download of the sample report.
FAQ's
The Nanofiltration Membrane Market report covering key segments are type, module, application and region
The global nanofiltration membrane market size is expected to reach USD 3.01 billion by 2032
Nanofiltration Membrane Market exhibiting the CAGR of 10.2% during the forecast period.
North America is leading the global market
key driving factors in Nanofiltration Membrane Market are rising extraction process of oil and gas
