Nanofiltration Membrane Market size is expected to be valued at USD 724.6 million in 2021 and is expected to grow at a CAGR of 6.3% during the forecast period 2022 to 2028. The global market provides a detailed overview of the global nanofiltration membrane market, and that can be segmented by type and by application. Based on Service, the global nanofiltration membrane market is segmented into Hybrid, Inorganic, and Polymeric. Among these, the Hybrid segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. Based on application, the global nanofiltration membrane market is segmented into Chemical & Petrochemicals, Food & Beverages, Pharmaceutical & Biomedical, Water & Wastewater Treatment, and Others. The Water & Wastewater Treatment segment accounts for the largest share in 2021 and is anticipated to register a significant CAGR in the upcoming years. It is attributed to the high demand and usage of nanofiltration membrane for wastewater treatment. It is used mainly for water softening. It can also be used to remove bacteria and viruses from water to provide clean water for further usage and recycling. Nanofiltration membrane has various applications in various industry. However, nanofiltration is very useful in chlorine removal from water. The increased use of chemical-free water treatment processes across a variety of industries will boost the global market growth of nanofiltration membrane. The 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 is driving the global market. However, lack of funds in the emerging economies such as India and high installation costs are hampering the market growth.
In June 2022, Envirogen selected NX Filtration for the delivery of its direct nanofiltration (dNF) membranes for an industrial water recycling project.
In April 2022, Cross Textiles selected NX Filtration for the delivery of its direct nanofiltration (dNF) membranes for wastewater treatment.