The Latin America, Middle East and Africa Nanofiltration Membrane Market would witness market growth of 6.3% CAGR during the forecast period (2019-2025).
Increased use of nanofiltration membranes in water purification & sewage treatment and public laws connected with water pollution is driving the growth of the nanofiltration membrane market. Growth in the biopharmaceutical sector, population growth, and accelerated industrialization across emerging economies are other variables that supplement the market growth. However, high initial investment, lack of resources in developing nations, and rigid public laws connected with validating filtration processes limit development. Key market players invest in R&D operations to enhance the fouling resistance of nanofiltration membranes. Chemical & Petrochemical is the fast expanding application owing to increased application of nanofiltration membrane in specialty chemicals. It is used to concentrate on waste products for disposal or recycling.
During the forecast period, rapid development in the food & beverage sector and increased demand for low-fat processed foods is anticipated to encourage business growth. For a longer duration, packaged and processed food products need to be kept fresh, requiring bulking, consistency and anti-caking agents. The leading factors of market growth are these characteristics of microcrystalline cellulose.
Based on Product Type, the market is segmented into Polymeric, Inorganic and Hybrid. Based on Application, the market is segmented into Water & Wastewater Treatment, Food and Beverages, Chemical & Petrochemicals, Pharmaceutical & Biomedical and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Applied Membranes, Inc., Argonide Corporation, Synder Filtration, Inc., Linde PLC, Merck Group, SPX Flow, Inc., Alfa Laval AB, Siemens AG, GEA Group AG, and Danaher Corporation.
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Companies Profiled
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