nanofiltration membrane market is expected to rise to an estimated value of USD 1075.96 million by 2026, registering a substantial CAGR of 5.63% in the forecast period of 2019-2026. Rising demand for chemical free water treatment and technological advancement in filtration technologies are the factor for the growth of this market.
Key Market Competitors: Global Nanofiltration Membrane Market
Few of the major competitors currently working in the global nanofiltration membrane market are Koch Membrane Systems, Inc., GEA Group Aktiengesellschaft, Dow, TORAY INDUSTRIES, INC., ALFA LAVAL, Argonide, Hydranautics - A Nitto Group Company, Pall Corporation, inopor, Hyflux Ltd, MICRODYN-NADIR, NITTO DENKO CORPORATION., APPLIED MEMBRANES, INC, SPX FLOW, Siemens, Merck & Co., Synder Filtration, Inc., Culligan.
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Nanofiltration membrane is the process which is used in removing solids from the liquid. Polymeric, hybrid and inorganic are some of the common type of the nanofiltration membrane. These membranes can either be porous or dense. They are usually made up of polyethylene terephthalate. They are widely used in applications like pharmaceutical, water and wastewater treatment, food and beverages etc. Rising water pollution and increasing dumping of industrial waste are the factors fuelling the market growth.
Competitive Analysis: Global Nanofiltration Membrane Market
Global nanofiltration membrane market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nanofiltration membrane market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Nanofiltration Membrane Market
• By Type (Polymeric, Inorganic, Hybrid)
• By Application (Water & Wastewater Treatment, Food & Beverages, Chemical & Petrochemicals, Pharmaceutical & Biomedical, Others)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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• Rising pharmaceutical industry is driving the market growth
• Increasing prevalence for water and wastewater treatment is another factor driving the market growth
• Rising industrial waste is another factor driving the market growth
• Strict government regulation is major factor driving market
• Dearth of investment in developing countries is restraining the market
• Failure of the nanofiltration membrane to treat chlorine concentration is another factor restraining the market growth
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
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