PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358048
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358048
The global nanoporous membranes market is projected to reach around US$ 2056.2 Millions by the end of 2030, growing at a CAGR of 9.5% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 1,088.6 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 9.50% | 2030 Value Projection: | US$ 2,056.2 Mn |
Nanoporous membranes are a promising solution for water desalination. These membranes are composed of nanoparticles that can efficiently remove cations from wastewater. Inorganic nanoporous membranes have also been developed to filter wastewater. Nanoporous membranes play an important role in biological systems. They are able to perform several functions, such as segregating the interior of a cell from its environment. They also tightly regulate the molecular traffic in and out of cells. For example, a synthetic membrane surrounding an artificial pancreas allows small molecules to pass, while excluding larger ones. Consequently, nanoporous membranes are able to perform multiple functions and are therefore crucial for biomedical applications.
Growth in water treatment and desalination activities are major factors driving the market growth. Moreover, advantage offered by nanoporous membranes such as ability to distinguish molecules by size, shape, and interaction makes them particularly useful in biomedical applications is again propelling market growth. By separating molecules, nanoporous membranes can be used for protein separation and diagnosis. They have also facilitated automation and reduced sample consumption.
In addition, they have enabled microfabricated devices for many bioanalytical applications. They also allow for the selective transport of analytes from complex samples. All these factors are driving market growth. Rise in water desalination activities worldwide is again projected to augment growth of the market. Increasing desalination plants is largely driven by municipal waste water treatment. Most of North American and European countries have already invested heavily into this business. Hybrid desalination systems +RO with thermal technologies, such as multi-effect distillation and multi-stage flash are some of the emerging solutions in the market.
The market for nanoporous membranes is driven by the need to treat industrial wastewater. Water treatment processes require new membranes with improved energy efficiency, permeability-selectivity, and chlorine resistance. Additionally, with increasing demand for water and increasing water supply, new desalination plants are being constructed all over the world which is again fostering market growth.
On the other hand, poor fouling resistance of nanoporous membranes is projected to hamper the market growth.
Nanoporous Membranes Market Detailed Segmentation: