The global nanofiltration membrane market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key factors for the market growth include high standard of living across developed and developing economies, expansion of pharmaceutical industry, developments in medical infrastructure, surge in demand for low-cost drugs, increase in sales of generic medicines and rising application of nanofiltration membrane in various industries. However, lack of funds in the emerging economies such as India and high installation costs are hampering the market growth.
Global nanofiltration membrane market segmented on the basis of type, application and region.
For request sample: https://www.precisionbusinessinsights.com/request-sample/?product_id=36006
Water & Wastewater Treatment Dominate the Global Nanofiltration Membrane Market
Based on application, global nanofiltration membrane market segmented into chemical & petrochemicals, food & beverages, pharmaceutical & biomedical, water & wastewater treatment and others. Water & Wastewater Treatment held considerable market share during forecast period. The application of membrane technology in water and wastewater treatment is increasing due to stringent water quality standards. NF has become a promising technology not only for treating wastewater but also for reusing water from wastewater. It is one of the widely used membrane processes for water and wastewater treatment in addition to other applications such as desalination. NF as a membrane technology with pressure driven process is a very promising membrane application for future waste treatment, ending dependency to fresh water usage and ground water by wastewater reuse which can’t be performed by conventional waste treatment.
North America Leads the Global Nanofiltration Membrane market
PBI’s global nanofiltration membrane market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. North America accounted for larger revenue share in global nanofiltration membrane market with considerable CAGR. The growth in this region is due to high government regulations regarding water pollutions and environment safety and increase in usage of nanofiltration membranes in water treatment systems. In addition, Asia Pacific held considerable market share during estimated period owing to rising population and global industrial expansion and strong demand from end-use industries.
Strategic Expansions are the key strategies adopted by market players
Global nanofiltration membrane market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, in April 2019, Toray Industries, Inc., expanded its business by opening a new company in Foshan, China, that will engage in production and sales of water treatment membrane products including reverse osmosis (RO), nanofiltration (NF), ultrafiltration (UF), microfiltration (MF) and membrane bioreactor (MBR) solutions.
Key player’s profiles in the report are Alfa Laval AB, Applied Membranes Inc., Argonide Advanced WaterFiltration Systems, GEA Group, Inopor GmbH, Koch Membrane Systems Inc., Nitto Group, Pall Corporation, The DOW Chemical Company and Toray Industries, Inc.
Precision Business Insights (PBI) in its report titled “Global Nanofiltration Membrane Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Chemical & Petrochemicals
o Food & Beverages
o Pharmaceutical & Biomedical
o Water & Wastewater Treatment
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
For more information: https://www.precisionbusinessinsights.com/market-reports/global-nanofiltration-membrane-market/
Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customized market research services based on our client needs.
152 – 160 City Road,
London EC1V 2NX
Toll Free (US): +1-866-598-1553
Website @ https://www.precisionbusinessinsights.com