Nanofiltration Membrane Market Size Worth $3.01 Billion By 2032 | CAGR: 10.2%

The global nanofiltration membrane market size is expected to reach USD 3.01 billion by 2032, according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth of the nanofiltration membrane is attributable to the current environmental sustainability measures taken by the government and non-government agencies to promote water purification, along with its higher potential to offer water filtration. Water is becoming vital for living organisms to survive on earth, increasing the need for qualitative water with the growing population at the global level.

The rising water treatment applications at the global level necessitate the need for compatible nanofiltration membranes as they enable efficient filtration of water, assisting in meeting stringent government regulations on safe water. For instance, in December 2023, Samyang Corp. introduced two new water treatment devices: TRILITE RO Membrane & TRILITE EDI (electrodeionizer).

The ongoing research studies exploring the benefits associated with the nanofiltration membrane and innovations in this area are highly influencing market growth as they enable efficient filtration of water. For instance, in August 2023, researchers at the Chinese Academy of Sciences proposed their plan to develop a new antifouling nanofiltration membrane with the utilization of ionic liquid. This is anticipated to have higher resistance to fouling and accurate separation.

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The major market players are stepping forward to innovate new technologies to filter water effectively. For instance, in December 2023, TeraPore, an innovator of nanofiltration membranes, unveiled its new IsoBlock VF Viral Filtration product line with the utilization of proprietary membrane technology for the removal of parvovirus from biopharmaceuticals. The progressing use of nanofiltration membranes in the biopharmaceutical space is widening the scope of the nanofiltration membrane market.

Furthermore, research activities are unraveling the potential technologies for efficient water treatment. For instance, in January 2023, a study published in the AIChE Journal developed a novel filtration membrane that is capable of filtering acidic wastewater. As this innovation continues, there will be huge growth opportunities for the nanofiltration membrane market during the forecast period.

Moreover, the increasing investment activities of industrial players in the marketplace are anticipated to drive new technological innovations in the nanofiltration membrane market. For instance, in March 2023, TeraPore Technologies announced that it had secured another $10 million in funding.

Nanofiltration Membrane Market Report Highlights

• The polymeric segment is anticipated to witness the highest growth in the coming years due to its ease of production and effectiveness in wastewater treatment.
• The hollow fiber segment accounted for the largest market share owing to its superior performance and scalability.
• The industrial segment is projected to experience a larger revenue share due to the rising employment of nanofiltration in purification activities.
• Asia Pacific is projected to register the fastest growth during the forecast period, attributable to the rising water recovery initiatives.
• The global players include Alfa Laval AB, DuPont Water Solutions, GEA Group AG, Hydranautics, NX Filtration, Pall Corporation, Pentair, & Toray Industries, Inc.

Polaris Market Research has segmented the nanofiltration membrane market report based on type, module, application and region:

Nanofiltration Membrane, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Polymeric
• Ceramic
• Hybrid
• Others

Nanofiltration Membrane, Module Outlook (Revenue - USD Billion, 2019 - 2032)

• Spiral wound
• Tubular
• Hollow fiber
• Flat sheet
• Others

Nanofiltration Membrane, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Municipal
• Industrial
• Others

Nanofiltration Membrane, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Nanofiltration Membrane Market Report Scope