Nanofiltration Market to Reach $3.4 Billion by 2029 with 17.6% CAGR
'Nanofiltration is a technology that removes small particles and molecules from liquids, widely used in water treatment, food, and pharmaceuticals. As the need for cleaner water and efficient filtration grows, the market for nanofiltration is expanding, driven by innovations and sustainable solutions.'
BOSTON, Jan. 17, 2025 /PRNewswire/ -- According to the latest study from BCC Research, the demand for Global Markets and Technologies for Nanofiltration is expected to grow from $1.5 billion in 2024 to $3.4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 17.6% during the forecast period of 2024 to 2029.
This report analyzes the global nanofiltration market from 2023 to 2029, with revenue projections in millions of U.S. dollars. It segments the market by material type (organic, inorganic, hybrid), system configuration (spiral wound, tubular, hollow fiber, plate-and-frame), filtration technique (crossflow, dead-end), and application (water treatment, food and beverages, life sciences and chemicals).
Interesting fact:
- Nanofiltration systems are highly efficient, recovering 85% to 95% of water, making them ideal for desalination and wastewater treatment. New materials like graphene oxide and metal-organic frameworks are improving filtration, water flow and chemical resistance. Additionally, advances in anti-fouling coatings and self-cleaning membranes are tackling the common problem of membrane clogging.
Factors contributing to the growth of the nanofiltration market include:
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Report Synopsis
Report Metric | Details |
Base year considered | 2023 |
Forecast period considered | 2024-2029 |
Base year market size | $1.3 billion |
Market size forecast | $3.4 billion |
Growth rate | CAGR of 17.6% for the forecast period of 2024-2029 |
Segments covered | Material type, configuration, filtering technique, application, and region |
Regions covered | North America, Europe, Asia-Pacific, and Rest of the World |
Countries covered | U.S., Canada, Mexico, Germany, France, Netherlands, China, India, Japan, South America, Middle East |
Market drivers |
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The report addresses the following questions:
The global nanofiltration market was valued at $1.3 billion in 2023 and is projected to reach $3.4 billion by 2029, at a growth rate is 17.6% for the forecast period of 2024-2029.
Three factors: It is more advanced than RO technology; more government involvement in wastewater treatment; and its application in the desalination process.
The report segments the nanofiltration market by material type, configuration, filtering technique and application.
The organic material type will be dominant in 2029.
North America has the largest market share.
Leading companies in the market include:
- 3M
- Alfa Laval
- Donaldson Co. Inc.
- Dupont
- Hydranautics (a Nitto Group Co.)
- Kovalus Separation Solutions
- Mann+Hummel
- NX Filtration BV
- Parker Hannifin Corp.
- Prominent
- Simpore
- Synder Filtration Inc.
- Terapore Technologies
- Toray Industries Inc.
- Veolia
- Xylem
Related reports include:
Ultrafiltration Membranes: Technologies and Global Markets: The report on ultrafiltration membranes examines the technology used to filter tiny particles from liquids. It also explores global market trends, opportunities, and challenges for this technology in industries like water treatment and food processing.
Water Filtration: Global Markets: This report examines the global market for water filtration systems, and explores filtration technologies, their applications in different industries, and the trends driving the demand for clean water solutions worldwide.
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