Global Nanofiltration Membranes Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 5.3% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 6, 2018--The “Nanofiltration Membranes Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023” report has been added to ResearchAndMarkets.com’s offering.
The global nanofiltration membranes market was valued at $565 million in 2016, and is expected to reach at $813 million in 2023, growing at a CAGR of 5.3% from 2017 to 2023.
Nanofiltration membrane is used in various applications to remove dissolved solids from water. The membrane selectively removes ions with higher charge (magnesium or calcium) than ions with low charge (chloride or sodium). This selectivity results in lower pressure operation as osmotic pressure requirement is kept low, which offers pressure vessel material savings and energy savings. Nanofiltration membranes are utilized in lactose production from cheese whey to purify and concentrate lactose stream. They are also employed in water treatment for hardness removal, color reduction, and pesticide elimination.
Increase in adoption of nanofiltration membranes in wastewater treatment and water purification as these membranes operate on low pressure and provide higher filtration rate is the primary factor that drives the market growth. Stringent environment regulations associated with water pollution, rapid industrialization across developing countries, and increase in population in water stressed areas are other factors, which supplement market growth. However, high installation costs and lack of funds in emerging economies such as India restrict the market growth. Nevertheless, increase in use of chemical free water treatment procedures across various industries provide potential growth opportunities for market expansion.
Companies Mentioned:Alfa Laval AB Argonide Advanced Water Filtration Systems Applied Membranes Inc. GEA Group Inopor GmbH Koch Membrane Systems Inc. Nitto Group Pall Corporation The DOW Chemical Company Toray Industries, Inc.
Key Topics Covered:
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Overview
Chapter 4. Global Nanofiltration Membranes Market, By Type
Chapter 5. Global Nanofiltration Membranes Market, By Application
Chapter 6. Global Nanofiltration Membranes Market, By Geography
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/xzgwlr/global?w=4
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Related Topics:Nanotechnology,Water Treatment,Chemical Engineering
INDUSTRY KEYWORD: TECHNOLOGY NANOTECHNOLOGY MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 06/06/2018 11:00 AM/DISC: 06/06/2018 11:01 AM