December 2018: Adroit Market Research launched a study titled Global Nanomembrane Market Size, By Product (Polymer, Metal, Hybrid and Others), By Industry (Water Treatment; Chemical manufacturers; Mining, Oil & Gas; Pharmaceutical & Biomedical and Food & beverages) and By Region (North America, Europe, Asia Pacific, Latin America and MEA). The global nanomembrane market analysis includes industry trends, opportunities, drivers and restrains. The report includes latest product developments for the key players for potential markets such as food & beverages and pharma.
By 2025, the global nanomembrane market is projected to reach USD 941 million. The rapid urbanization and industrialization are raising concerns over water treatments. Hence government and industrial associations are implementing rules and regulations to reduce the waste, this in turn is projected to drive the growth of the global nanomembrane market for water treatment. Further wider application of nanomembrane in mining, oil & gas; food and pharma industry are expected to boom during the forecast period driving the growth of the global nanomembrane market.
Polymers are projected to continue its dominance at 68.97% share by 2025 in the global nanomembrane market. Polymer-based nanofiltration can be deployed for various processes as they come in various types and the size of the pore can be customized according to the application. In desalination and softening of water, polymer-based nanomembrane are being installed widely as the membrane requires to resist the impact of pressure as the water passes through the pores. By 2025 others category is expected to grow at the fastest CAGR of 14.7% in the global nanomembrane market. The others category includes a membrane that is made up of zeolites and a combination of some chemical compounds.
Water treatment is anticipated to dominate the market at USD 647 million by 2025. Rising demand for consumption and industrial use of water coupled with reduced fresh water resources has created a demand-supply gap. Thus, adoption to water filtration is likely a solution driving the growth of the global nanomembrane market. Further, the growing use of nanomembrane in food & beverages and pharma industry are projected to boost the market growth of the global nanomembrane market. In food & beverages nanofiltration is used in obtaining soy isolates; clarification, concentration and decolonization of juices and obtaining whey protein concentrates & isolates. While nanomembrane is used for separation of lipids and plasma in the pharmaceutical & biomedical sector, are expected to grow with the fastest CAGR of 14.5% in the global nanomembrane market.
The Asia Pacific region is projected to witness a strong growth and the market is estimated to be valued at USD 303 million by 2025 in the global nanomembrane market. Owing to the rapid industrialization and rising population in countries like India and China, the adoption to nanomembrane filtration for water treatment is expected to surge driving the market growth in the region.
Government initiatives to reduce industrial wastewater is projected to further drive the adoption to nanomembrane. For instance, in 2016 the Union environment ministry of India planned to update pollution monitoring standards for industries. The main aim of updating the standard is to meet the aim of zero liquid discharge by industries.
Food and beverage sector in India and China is projected to grow explosively and adoption to nanomembrane is thus expected driving the market growth in the region. Pharmaceuticals players in the region are investing heavily in R&D to gain efficiency in production procedures are expected to implement nanomembrane. The Asia Pacific the market is thus projected to grow at a CAGR of 14.6% during the forecast period in the global nanomembrane market.
The global nanomembrane market is fragmented as there are many regional and global players that are projected to have an impact on the market. The players in the global nanomembrane market are Alfa Laval, Argonide Advanced Water Filtration Systems, Evoqua Water Technologies, Koch Membrane Systems, Inc., Dow Chemical Company, GEA Filtration, Applied Membranes Inc., Pall Corporation and Nitto Denko Corporation.
Segment overview of global nanomembrane market
- Product Overview, 2015-2025 (USD million)
- Industry Overview, 2015-2025 (USD million)
- Water Treatment
- Chemical manufacturers
- Mining, Oil & Gas
- Pharmaceutical & Biomedical
- Food & beverages
- Regional Overview, 2015-2025 (USD million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East and Africa
- North America