Polymer Nanomembrane Market size was over USD 1 Billion in 2023 and is expected to reach USD 3 Billion by the end of 2036, growing at around 12% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of polymer nanomembranes is assessed at USD 1.25 Billion.
The market size expansion is due to the increasing demand for water globally. Human water use has increased dramatically through a confluence of causes such as economic development, population increase, and others.
Moreover, with rising water use, nanotechnology will likely be used more often, which will augment the polymer nanomembrane market over the projected period.
According to the United Nations, the increasing need for water in both the industrial and home sectors is anticipated to drive a 20–30% increase in global water demand by 2050, compared to the current level of water use.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
12% |
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Base Year Market Size (2023) |
USD 1 Billion |
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Forecast Year Market Size (2036) |
USD 3 Billion |
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Regional Scope |
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Technology (Phase Inversion, Electrospinning, Layer-by-Layer Assembly)
Phase inversion segment is estimated to hold polymer nanomembrane market share of more than 71% by 2036. The segment growth can be led by the increasing industrial landscape across the globe. Phase inversion refers to the regulated conversion of a liquid phase of a polymer into a solid phase, and is a common process in the production of food, detergents, cosmetics, and pharmaceuticals.
Moreover, it is a popular and effective technique for creating nanoscale polymeric films, which is the method most frequently employed for casting polymeric membranes intended for industrial usage.
As per the UNIDO, a post-pandemic recovery was indicated by a 2.3% gain in industrial sectors worldwide, which included waste management, mining, manufacturing, power, water supply, and other utilities.
Also, the phase inversion procedure makes it possible to precisely manage the membrane's porosity, selectivity, and pore size and has several benefits, including scalability and adaptability, which make it a highly desired way to produce polymer nanomembrane.
The controlled change of a polymer from its liquid phase to its solid phase is known as phase inversion, which is used to prepare polyacrylonitrile (PAN) membranes that combine high flow rates, low-pressure requirements, and outstanding selectivity to assist laboratories in simplifying their filtration setups.
Besides this, electrospinning is a straightforward technique for creating continuous nanofibers of different polymers, polymer blends, and composites of polymers and also creates nanomembranes based on biopolymers by charging and expelling a polymer solution under a high-voltage electric field.
Type (PAN, PE, PVC, Polyamide, PP, PC, PTFE)
The PAN segment is set to register a significant market size by 2036. This growth of the segment is encouraged by the expanding electronics industry. polyacrylonitrile (PAN) is utilized as a host polymer electrolyte, which is characterized as a membrane with electron transport capabilities that has been thoroughly studied as a potential material for electrodes in flexible electronics.
For instance, the global consumer electronics market will reach a market size of over USD 117o billion in 2028.
End-Use Industry (Water & Waste Water Treatment, Chemical, Electronics, Oil & Gas, Food & Beverages, Pharmaceutical & Biomedical)
The water & wastewater treatment segment is assessed to generate the maximum CAGR by the end of 2036. The primary driver of the segment's growth is growing cases of contamination in water. When it comes to water and wastewater treatment, polymer nanomembranes provide effective, dependable, and selective solutions, that can effectively remove suspended particles, germs, and other contaminants from water to ensure high-quality drinking water for drinking, industrial uses, and environmental preservation.
According to the World Health Organization (WHO), at least 1.7 billion people worldwide will be using feces-contaminated drinking water in 2022.
Our in-depth analysis of the polymer nanomembrane market includes the following segments:
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Type |
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End-Use Industry |
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Technology |
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North American Market Statistics
North America in polymer nanomembrane market is estimated to account for revenue share of around 45% by 2036. The market revenue in the region is credited to the rising production of chemicals. As a result, the demand for polymer nanomembranes may tremendously increase to meet the need for advanced filtration and separation technologies rising from the extensive production of chemicals.
Additionally, the growing research and developments in the US are probable to drive market expansion. For instance, Researchers from Northwestern University in Evanston, USA; Queen Mary University of London; Imperial College London; and the Bielefeld University of Germany have created a new kind of polymer nanomembrane containing coordinated supramolecular macrocycle molecules to show how these small cavities could be arranged and aligned using selectively functionalized macrocycle molecules, crucial for confirming the molecular architecture and providing basic knowledge of these membranes.
As the fourth-largest producer of crude oil and the fifth-largest producer of natural gas worldwide, Canada is a leader in the production of both natural gas and oil, which may augment market demand.
European Market Analysis
The Europe region will also encounter tremendous growth for the polymer nanomembrane market in the coming years and will hold the second position owing to the increasing focus on sustainability, leading to a higher demand for polymer nanomembranes which is becoming more and more popular as sustainable materials to solve environmental issues.
By 2030, the European Union hopes to establish a sustainable Europe through the European Green Deal, which addresses issues with pollution, energy, transportation, biodiversity, and climate change.
Italy is a major producer of agricultural products and a major food processor, which may boost the demand for polymer nanomembranes as a variety of polymeric nanoparticles, including chitosan, PVA, lipids, and PLGA, are applied in agriculture to promote plant development and manage pests, and act as pesticide carrier systems.
The need for more pure chemical solutions to clean wafers is growing on account of technical advancements in biotech and electrical devices in Germany, leading to higher demand for polymer nanomembranes, which are considered as cost-effective and mechanically sound than their inorganic equivalents.
There are several major companies in the polymer nanomembrane market. To increase their share of the polymer nanomembrane landscape, these major firms are putting out some strategic initiatives.
Author Credits: Rajrani Baghel
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