Nanofiltration Membranes Market Size by Revenue to Reach USD 974 Million by 2026 - Arizton

CHICAGO, Dec. 7, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this nanofiltration membranes market report. 

The nanofiltration membranes market is expected to grow at a CAGR of over 6% during the period 2020−2026.  

Key Highlights Offered in the Report:   

• The global nanofiltration membranes market would realize an absolute growth of 42.22% in terms of revenue in the period between 2020-2026.
• Tubular membrane segment accounted for majority share of the nanofiltration membranes market in 2020 and is expected to grow with an 4.92% CAGR during the forecast period in terms of revenue.
• Polymeric segment dominated the market with a share of 61.56% in 2020 in terms of revenue and is expected to grow at a CAGR of 5.40% during 2020-2026.
• Water & wastewater treatment segment dominates the global nanofiltration membranes market in 2020 and is expected to add over USD 79.31 million revenue during the forecast period.
• North America dominates the overall nanofiltration membranes market with a share of 33.02% in 2020 in terms of revenue. The increasing need for treated water and efficient elimination of pathogens from wastewater treatment plants is boosting the demand for NF membranes market in the region during the forecast period.
• APAC NF membranes market is the fastest growing with a CAGR of 7.82%. Owing to the rising demand for water purification for domestic and industrial application as well as rising trend of chemical free method for water treatment in the region is driving the nanofiltration membranes market.

Key Offerings:  

• Market Size & Forecast by Revenue | 2020−2026
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by type, membrane type, application, and geography
• Competitive Landscape – 5 key vendors and 20 other vendors are profiled in the report

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Nanofiltration Membranes Market – Segmentation 

• Hybrid membranes are an amalgamation of polymeric and inorganic membranes. In 2020, the hybrid membrane segment accounted for a revenue share of 16.16%, which is expected to witness an absolute growth of 55.16% by the end of 2026.
• The chemical & petrochemical segment is a fast-expanding end-use segment owing to the high application of NF membranes in specialty chemicals. The segment is likely to reach USD 166.71 million by 2026.
• Food and beverage segment has generated high demand for wastewater treatment plants to recycle and reuse wastewater. Ceramic nanofiltration membranes offer a powerful development over conventional technologies for several filtration and separation applications in food and beverage production.
• The packing density of a hollow-fiber membrane is extremely high. Hollow-fiber membranes are mostly used for nanofiltration and reverse osmosis. In 2020, the hollow-fiber membrane segment of the market is expected to grow USD 195.87 million by 2026.

Nanofiltration Membranes Market by Type