Spiral Wound Nanofiltration Membrane Market Size, Share, Growth, and Industry Analysis, By Type (8 Inches, 4 Inches), By Application (Drinking Water and Wastewater Treatment, Food and Beverages, Biology and Medicine, Chemical and Petrochemical Industry, Others) Regional Forecast to 2028

Updated On: 13 November 2023

REPORT OVERVIEW

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The spiral wound nanofiltration membrane market size was USD 284.4 million in 2020. As per our research, the market is projected to touch USD 726.1 million by the end of 2027, exhibiting a CAGR of 14.3% during the forecast period.  The global COVID-19 pandemic has been unprecedented and staggering, with the global spiral wound nanofiltration membrane market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

A major paradigm changes in membrane science, nanofiltration (NF) is a cutting-edge filtration technique. Due to its unique abilities to concentrate on pressing global issues in an environmentally friendly and sustainable way, NF technology can be used for a wide range of applications. Despite several technological successes and breakthroughs, wastewater treatment is still a major issue on a global scale. Due to its customizable design, effective operation, and low cost, NF membrane is one of the most effective processes for removing heavy metals from wastewater.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.

LATEST TRENDS

"Growth of the market in recent years"

High-purity boehmite is also thought of as an environmentally friendly substance because it is recyclable and has a low toxicity. This makes it a perfect material for a range of uses in sectors where environmental sustainability is a top concern. Due to the increased awareness of environmental issues and the requirement for sustainable development, there is a rising demand for environmentally friendly materials.

To lower carbon footprint and adhere to environmental rules, a number of industries, including building, packaging, and automotive, are switching to eco-friendly materials. High-purity boehmite is used in the construction sector to create durable, recyclable, and environmentally friendly fiber-cement composites. High-purity boehmite is used in the packaging sector to create light-weight, environmentally friendly packaging materials like paperboard.

SEGMENTATION

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• By Type

Based on type the global spiral wound nanofiltration membrane market is classified as 8 inches, 4 inches.

• By Application

Based on application the global spiral wound nanofiltration membranes market is classified as Drinking Water and Wastewater Treatment, Food and Beverages, Biology and Medicine, Chemical and Petrochemical Industry, Others.

DRIVING FACTORS

"The Utilization as a Catalyst to Boost the Market Growth"

The rising industrialisation and urbanisation of developing nations like China and India, as well as the rise in the need for fresh, clean water for home and industrial uses, are all projected to have an impact on the market for nanofiltration membranes. Increases in the percentage of people living in urban areas are referred to as urbanisation. Water contamination is a growing worry as a result of the economy's rapid growth as well as the acceleration of urbanisation and industrialization. Water quality is significantly impacted by the growing population in cities. Additionally, it is projected that there will be more prospects for NF membranes for water treatment as a result of the expanding number of companies that emit pollutants. Consequently, with the expansion of metropolitan areas and rising consumer awareness.

"Extensive Application in Laundering Process to Multiply the Production and Market Growth"

Rapid urbanisation and industrialization in developing nations like China and India, as well as an increase in the demand for water for domestic and industrial uses and access to clean, fresh water, are all likely to have an impact on the market for nanofiltration membranes. The term "urbanisation" describes the rise in the proportion of people living in urban settings. Urban areas account for more than 50% of worldwide population and produce more than 80% of the world's gross domestic product (GDP). The concern about water contamination has grown as a result of the economy's rapid growth as well as the acceleration of urbanisation and industrialization. The quality of the water is significantly impacted by urban population growth.

RESTRAINING FACTORS

"Several Challenges Associated with the Local Irritation to Restrain the Market"

Additionally, it is projected that more companies that emit pollution would expand the market for NF membranes used in water treatment. Therefore, during the anticipated term, there would be an increase in demand for NF membranes due to urbanization and rising consumer awareness. Due to lower energy consumption and higher flow rates, NF membrane technology has displaced RO membrane technology in several applications. Energy consumption decreases as necessary pressure rises. Because reverse osmosis (RO) membranes use less energy and produce more fluid at a faster rate, NF has swapped out RO membranes in several applications. NF membranes are also frequently used to disinfect and soften water.

REGIONAL INSIGHTS

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"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"

With a market share of over 32% in the world for nanofiltration membranes in 2022, North America dominated the market. Nanofiltration membranes are widely employed in commercial and municipal water treatment procedures in North America. In order to reduce the scarcity of pure water, the treated water is typically used for agriculture and home tasks like flushing toilets and washing cars. As a result, it is anticipated that factors like these would greatly increase the market for nanofiltration membranes. Additionally, it is anticipated that the regional market would grow quickly due to the industrial sector's rising demand for nanofiltration membranes.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

"List of Market Players Profiled"

• Dupont (US)
• Nitto (Japan)
• Toray (China)
• Suez Water Technologies (Egypt)
• Vontron (China)
• Origin Water (Ethiopia)
• Keensen (China)
• Jozzon Water (China)
• Wave-Cyber (China)
• Risingsun Membrane Technology (China)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.