In the pharmaceutical & biomedical industry, nanomembrane is used for the separation of lipids and plasma, which is projected to spectate significant market growth due to widespread applications coupled with increasing demand for clean processed water.
The global Nanomembrane market is forecast to reach USD 1.10 Billion by 2027, according to a new report by Reports and Data. Nanomembrane is the filters that reject particles about 1 nanometer in size and are, therefore, also referred to as nanofiltration. Typical nanomembrane application involves reducing total dissolved solids (TDS), eliminating total organic compounds (TOC), and separating natural from inorganic matter in liquids and gasses. Therefore, nanomembranes are now commonly used to obtain clean water, and the growth of the global nanomembrane market is driven by diverse industries for wastewater treatment. It is combined with the use of nanofiltration to isolate amino acids, and lipids in the healthcare & pharmaceutical sector would further fuel global nanomembrane market growth. The rapid urbanization and industrialization raise concerns regarding water treatment. Therefore, government and industrial organizations are enforcing waste management rules and regulations, which in turn is expected to drive the development of the global water treatment nanomembrane industry. The broader application of nanomembrane in mining, oil & gas; food and pharmaceutical industries are projected to boom during the forecast period driving the global market growth for nanomembrane.
Nanofiltration based on the polymer can be deployed for different processes, as they occur in various forms, therefore, the outer size of the pore can be customized according to the desired application. Polymer-based nanomembrane is commonly used in desalination and water softening, as the membrane requires resistance to pressure impact as the water passes through the pores. The other group includes a zeolite membrane and a mixture of certain chemical compounds.
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Europe grew as it saw early technological developments as this product is based on comprehensive water reclamation processes. The European market aimed at mitigating the situation of water scarcity and drought has further fuelled the growth of nanomembrane-based filtration treatments on the global nanomembrane market. We are the manufacturers of the goods and services, as well as the consumers. Government initiatives to reduce industrial wastewater are projected to propel nanomembrane adoption further. For example, in 2016, India’s Union Environment Ministry planned to update industry standards for monitoring pollution. The main objective of updating the standard is to meet industry-specific zero liquid discharge targets.
Due to the rising demand for consumption and industrial use of water coupled with reduced freshwater resources, water treatment is expected to dominate the market. Thus, the adoption of water filtration is possibly a solution that drives global nanomembrane market development. Nanofiltration is used in food & beverages to obtain soy isolates; to explain, concentrate and decolonize juices, and to get protein concentrates & isolates. Although nanomembrane is used in the pharmaceutical & biomedical field for the separation of lipids and plasma, thereby expected to develop with the highest CAGR on the nanomembrane market. Nanomembrane is scheduled to be introduced by pharmaceuticals players in the area who invest heavily in R&D to achieve productivity in production procedures.
The COVID-19 impact:
As the COVID-19 crisis is rising, producers are rapidly changing their activities and purchasing strategies to meet the demands of a pandemic that has developed the need for nanomembrane based on the market. A sequence of positive as well as negative shocks will arise over a few months, as producers and their vendors adapt to changing customer demands. Many regions look vulnerable to export-dependent economies, with an unfortunate global situation. The impact of this pandemic will reshape the global Nanomembrane markets when certain manufacturers either close down or decrease their production due to a lack of downstream demand. While some have their production suspended by their respective governments as a precautionary measure to combat the spread of the virus. In other nations, while looking at the severity of the outbreak and the consequent behavior of the national authorities themselves, customers are centered on becoming more local. Business dynamics in Asia Pacific regions have become very unpredictable in these cases, weakening regularly and finding it impossible to stable themselves.
Further key findings from the report suggest
- Based on type, metal nanomembrane generated a revenue of USD 0.07 billion in 2019. It projected to rise with a CAGR of 14.7% in the forecast period as they are used in the industry for harsh filtration and challenging application due to rough nature and structure.
- The water treatment application is the major contributor to the Nanomembrane market. The water treatment field of the North America region is the major shareholder of the market and held around 60.4% of the market in the year 2019, involves desalination, water softening, and treatment of wastewater, which can be applied in different industries.
- North America dominated the market for nanomembrane in 2019. The region’s consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The North America region held approximately 34.2% of the market, followed by Europe, which contains around 29.9% market in the year 2019.
For the purpose of this report, Reports and Data have segmented into the global Nanomembrane market on the basis of type, distribution channel, application, and region:
Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Saudi Arabia
- Rest of MEA
- Latin America
- Rest of LATAM
Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
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Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Water Treatment
- Chemical Manufacturers
- Mining, Oil & Gas
- Pharmaceutical & Biomedical
- Food & Beverage
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