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The demand for global nanofiltration membrane market is anticipated to accelerate in the forecast period, owing to the increase in utilization of nanofiltration membranes in major industrial verticals mainly wastewater treatment industry, chemicals, food & beverages. In order to gain a competitive edge, market players are investing in research & development activities to improve fouling resistance of nanofiltration membranes.
Similarly, these players are also opting for mergers and acquisitions, collaberating with local players to strengthen their market reach and maintain their position in the competitive market. For instance, in March 2017, Koch Membrane Systems Inc. launched Causti-COR nanofiltration systems designed specially to purify and recover caustic for reuse in industrial and food & beverage applications.
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Also, Water Planet, Inc. and Applied Membranes, Inc. have formed an alliance to sell and service reverse osmosis and nanofiltration based water treatment systems.
Key players operating in the global nanofiltration membrane market are Applied Membranes, Inc., Argonide Corporation, Danaher, DowDuPont Inc., Toray Industries Inc., Siemens, Nitto Denko Corporation, SPX Flow, Linde plc, Merck & Co. among others.
By End use Industry
· Food & Beverages
· North America (the USA, Canada and Rest of North America)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
North America is experiencing dominance in global nanofiltration membrane market owing to the parameters such as expansion of the biopharmaceutical sector, dairy industry for demineralization and lactose concentration, petrochemicals and medical for refining, water softening and removal of disinfection from water. Moreover, demand from oil & gas industry of nanofiltration membrane is thriving the market as purification of gas condensates is a major application in oil & gas industry.
The product awareness is expected to grow in Asia Pacific as a result of increase in industrialization across emerging economies like India and China eventually increases the demand for water for domestic and industrial purposes. This makes way for an increase in demand for nanofiltration membrane market. Similarly, increase in demand for food & beverage industry owing to increase in disposable income of individual and high standard of living across emerging economies leads to drive the market. Furthermore, augmentation in pharmaceutical industry also drives the market for nanofiltration membrane owing to the parameters such as rising demand for low-cost drugs, developments in medical infrastructure, increase in sales of generic medicines.