Nanofiltration (NF) Membrane Market

Market Definition

The global Nanofiltration (NF) Membrane Market was valued at USD 0.88 billion in 2023 and is predicted to reach USD 1.5 billion by 2030 with a CAGR of 8.0% from 2024-2030.

Nanofiltration membrane is a water filtration process that offers selective solute removal based on both size and charge. It is made up of thin film polymer and possess pore size of 1-10 nanometers. Unlike reverse osmosis (RO) membranes that reject all solutes, NF membranes can operate at lower pressures and helps in softening the ground water or surface water by selectively removing multivalent salts and larger molecules. It can also filter out varying amounts of monovalent salts, and other organic or synthetic ions. Therefore, it is widely used in waste water management, food processing and pharmaceutical industries.

Market Dynamics and Trends

Rising urbanization and industrialization across developing economics along with the surging demand of drinkable water for domestic use are the factors driving the growth of Nanofiltration membrane market. Besides, Nanofiltration membranes are widely used in wastewater treatment facilities as they provide high purification rate. Moreover, they help in concentrating food & beverage naturally, without degrading their quality and thus is widely adopted in F&B industry.

Furthermore, rising geriatric population, increasing demand of low-cost medicines and rapid development of healthcare infrastructure have led to greater demand for Nanofiltration membrane in pharmaceutical and biomedical sector. Due to these factors, NF membrane market is expected to witness moderate growth during the forecast period.

However, high cost of installation, stringent regulations related to water filtration and lack of funds in the emerging economies are factors restraining the market growth. On the other hand, rising preference of chemical free water treatment across various countries is expected to create lucrative market opportunities for the market players during the forecast period.

Market Segmentations and Scope of the Study

The global Nanofiltration membrane market is segmented on the basis of type, application and geography. On the basis of type, the market is categorized into polymeric, inorganic and hybrid. On the basis of application, the market is classified into water & wastewater treatment, food & beverages, chemical & petrochemicals, pharmaceutical & biomedical and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the lion share of global Nanofiltration membrane market. This is attributed to factors such as adoption of advanced technologies, high capita income and increasing research for development in the field of nano-technology. Also, factors including growth of various industries such as biopharmaceutical, dairy, petrochemicals, and demand from oil & gas industry for Nanofiltration membrane fuels the market growth in this region.

However, Asia Pacific is expected to witness the highest growth rate during the forecast period. The growth is most likely to be fueled by the growing population base that requires clean water, adoption of Nanofiltration membrane in water treatment facilities, government’s emphasis to provide pure water to its citizens and rapid expansion of pharmaceutical & medical industries in this region.

Competitive Landscape

The Nanofiltration membrane market, which is highly competitive, consists of a few major players such as SUEZ, Applied Membranes, Inc., Argonide Corporation, Danaher, DowDuPont Inc., GEA Group, Inopor, Koch Membrane Systems, Inc., Nitto Denko Corporation, and Toray Industries, Inc. These major players are adopting various strategies such as collaboration, acquisition and product launch to maintain their dominance in the market.

For instance, in March 2021, SUEZ had been awarded an associated 10-year service agreement with Irkutsk Polymer Plant of Irkutsk Oil Company and it also signed an agreement for large wastewater treatment project. SUEZ’s Water Technologies & Solutions business, is expected to provide critical water technology for the new plant and guarantee membrane replacements for the duration of the service agreement.

KEY BENEFITS

• The global nanofiltration membrane market report provides the quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the global nanofiltration membrane market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the global nanofiltration membrane market is provided in the report.

• The competitive analysis of the market players along with their market share in the global nanofiltration membrane market

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS

By Type

• Polymeric

• Inorganic

• Hybrid

By Application

• Water & Wastewater Treatment

• Food & Beverages

• Chemical & Petrochemicals

• Pharmaceutical & Biomedical

• Others

By Region

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Spain

  • Italy

  • UK

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • South Korea

  • India

  • Australia

  • Rest of Asia-Pacific

• RoW

  • Saudi Arabia

  • South Africa

  • Brazil

  • Remaining Countries

KEY PLAYERS

• SUEZ

• Applied Membranes, Inc.

• Argonide Corporation

• Danaher

• DowDuPont Inc.

• GEA Group

• Inopor

• Koch Membrane Systems, Inc.

• Nitto Denko Corporation

• Toray Industries, Inc.

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Market Segmentation	By Type (Polymeric, Inorganic, and Hybrid) and by Application (Water & Wastewater Treatment, Food & Beverages, Chemical & Petrochemicals, Pharmaceutical & Biomedical, and Others)
Geographical Segmentation	North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of APAC), Rest of the World (Saudi Arabia, Brazil, South Africa, Remaining Countries)
Companies Profiled	SUEZ, Applied Membranes, Inc., Argonide Corporation, Danaher, DowDuPont Inc., GEA Group, Inopor, Koch Membrane Systems, Inc., Nitto Denko Corporation, and Toray Industries, Inc.