Nanoporous Membranes Market - Forecasts from 2024 to 2029

Nanoporous Membranes Market - Forecasts from 2024 to 2029

The nanoporous membranes market is valued at US$688.468 million in 2024 and is projected to grow at a CAGR of 12.68% over the forecast period.

Nanoporous membranes have purifying properties such as removing salts, microbes, organic molecules, and metallic ions. Thus, it is used in the treatment of wastewater containing minute contaminants. The rising demand for fresh water is causing demand for wastewater treatment plants and rising water desalination activities. These are increasing the adaptation rate. However, developing countries' low utilization of these membranes is a major challenge for market growth. Various governments are increasingly seeking stringent regulations regarding wastewater treatment in industries utilizing massive amounts of water. Further, the application of nanoporous membranes has been increasing in the medical field. Furthermore, the leading market players are investing heavily in research and development (R&D) activities to expand the market growth.

In July 2023, The National Renewable Energy Laboratory (NREL) was working to develop novel membranes that filter out undesirable residues to analyze methods to decarbonize water and wastewater treatment. Researchers collaborated to improve the energy efficiency of desalination and water reuse technologies. This has been part of the $9 million National Alliance for Water Innovation (NAWI) Pilot Program funded by the U.S. Department of Energy’s Industrial Efficiency and Decarbonization Office.

Fuel cell performance can be improved with nanoporous carbon membranes. These membranes have mechanical strength, high chemical and thermal stability, durability, and the ability to withstand high pressure. Porous carbon membranes are relatively supportive of catalysts. They are characterized by high surface area, tuned pore size, designed porosity, multiple length scales, and different compositions. Hence, they are a good catalyst support for fuel cells.

NANOPOROUS MEMBRANES MARKET DRIVERS:

Rising water desalination activities

Nanoporous membranes are used to remove salts and metallic ions from the water. There are inorganic, organic, and inorganic-organic hybrid nanoporous membranes for water filtration. They are classified according to their material composition. Ceramics, graphene, and carbon nanotubes (CNTs) are the most common inorganic membrane materials. The demand for desalination technology is increasing due to the global demand for freshwater. The Nanofilter in textile water offered by Fraunhofer IKTS has a pH value ranging from 3 to 13 and a temperature ranging from 20 degrees to 90 degrees Celsius.

Nanoporous Membrane Market Geographical Outlook
The Asia Pacific region will dominate the nanoporous membrane market during the forecast period.

By geography, the global coating additives market has been segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The nanoporous membranes market is segmented and analyzed as follows:

By Type

Organic
Inorganic
Hybrid

By Application

Food Processing
Water Treatment
Biomedical
Fuel Cells
Others

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Middle East and Africa
Saudi Arabia
UAE
Rest of the Middle East and Africa
Asia Pacific
China
India
Japan
South Korea
Taiwan
Thailand
Indonesia
Rest of Asia-Pacific