Global Polymer Nanomembrane Market Forecast, Trend Analysis And Competition Tracking - Market Insights: 2015 – 2031

Global Polymer Nanomembrane Market Overview

The global polymer nanomembrane market was valued at US$ 642 million in 2020, and is projected to grow at a CAGR of 13.2%.

Polymer nanomembrane is a thin sheet of water-resistant film that acts as a barrier to the passage of gas molecules. It has many applications in industries including food, medical, and chemical containment. It is made from polymers that are principally composed of chains of hydrocarbons with various side chains.

The water bottle you are using right now may have been made with a new material. This nanomembrane is a flexible, transparent material that could be used to make solar cells. The properties of this material are due to its unique structure of polymer chains. It can withstand pressure, be stretched, and it is completely transparent. These properties allow the membrane to act as an effective barrier against gases and particles entering the cell that produce electricity.

Polymer nanomembrane is a thin film that can provide cost-effective, high performance protection against chemicals and biological contaminants. A new study shows that the polymer nanomembrane technology has the capacity to protect against chemical and biological agents while saving money and improving quality of life.

The global polymer nanomembrane market is segregated into types, end use industries, and regions. On the basis of type, the global polymer nanomembrane market is sub-segmented into polyacrylonitrile, polyethylene, polyvinylchloride, polyamide, and other types. With respect to end use industry, the global polymer nanomembrane market is distributed into water & wastewater treatment, chemical, electronics, oil & gas, food & beverages, pharmaceutical & biomedical, and other end use industries. On the basis of region, the global polymer nanomembrane market is sub-segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

As the problem of water scarcity grows, so does the water & wastewater industry

According to the United Nations' (UN) socioeconomic Waterlife Initiative, 2.2 billion people lack drinking water that is secure to drink, and an additional 1% of surface water supply is lost every year. In addition, the UN estimates that over 80% of all wastewater is discharged to the environment without being cleaned. According to the UN World Water Development Report 2020, the manufacturing industry uses 19% of freshwater and is projected to grow to 24% by 2050.

UNESCO (United Nations Educational, Scientific and Cultural Organization), EPA (Environmental Protection Agency), European Union WFD (Water Framework Directive), and other government organizations are establishing water treatment plants to eliminate water and make it safe for human consumption.  In the past few years, environmental regulations and the need to increase water demand have spurred the growth in the water/wastewater industry.

Water treatment focuses on minimizing energy use and chemical usage. Nanomembranes are widely used in water treatment for filtering and purifying water. These membranes are so thin that they allow certain molecules to pass through while blocking many others. Nanomembranes can provide inexpensive water filtration, which is useful when removing pollutants like total dissolved solids and viruses.

The demand for the water resource is growing as urbanization and industrial development increase. The use of nanotechnology for water/wastewater treatment is projected to increase with water consumption. The growth in the water/waste water treatment industry will drive the market for nanomembranes in the coming years.

Geopolitical Tensions Between Us And China Affecting The Electronics Industry

The ongoing US-China trade war is among the significant geopolitical tensions and is anticipated to impact the nanomembrane market. The US and China are stakeholders in the semiconductor value chain.  The ban on Huawei's 5G participation in the US has made it difficult to implement 5G technology, which is necessary for the advancement of AI and IoT technologies. The United States imposed export restrictions on Semiconductor Manufacturing International Corporation (SMIC) and restricted the supply of chips without a license. These developments have a significant impact on the global market for semiconductors. Semiconductors are the building blocks for many electronic devices. The impact on the semiconductor market acts as a restraint for the polymer nanomembranes market.

Increasing Demand For Athleisure

Athleisure wear is dressing that is appropriate for athletic, casual, workplace, and social occasions. It is stretchy and breathable, and allows air permeability and moisture vapor transmission while being waterproof. The growing trend toward physical fitness and sports activities is leading to athleisure wear's popularity. As a result of the qualities of a polymer nanomembrane, athleisure clothing benefits from having a membrane composed of this substance. Among the features of athleisure clothing, the membrane enables the protection from the elements, such as wind, rain, snow, and warmth; meanwhile, it also impedes the flow of air and water. The growing popularity of athletic wear is expected to increase the demand for nano-porous textiles.

COVID-19 Impact Analysis on Global Polymer Nanomembrane Market

The growth rate for the polymer nanomembrane industry in 2020 experienced a reduction because of the coronavirus pandemic and the ensuing shutdowns throughout the nation. The shutdowns resulted in the stoppage of almost all biochemical, mineral, biological, food & beverage processing, water & wastewater, and petrochemical processing operations throughout the world. The demand for milk and dairy products dropped after the pandemic. Several dairy processing facilities were shut down, or were operating at reduced efficiency, due to low demand in the market. The government was concerned about public health, and it made increased investments in local public drinking water to decrease the risk of mutating the virus through sewage water and transportation. However, the amount of industrial wastewater was limited by a reduction in industrial output. Less water and sanitation treatment led to fewer membrane replacements. Also, new nanofiber membranes were increasingly being used in the production of facemasks and protective clothing.

Regional Analysis

The global polymer nanomembrane market is segmented into into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Markets in the North America are expected to account for the largest share owing to increasing urbanization, aging water treatment utilities, faster adoption of newer technologies, and declining freshwater resources.

Competitive Landscape

• Dupont De Nemours, Inc.
• Nitto Denko Corporation - Hydranautics
• Koch Separation Solutions
• MICRODYN-NADIR GMBH
• Pall Corporation
• Synder Filtration Inc.
• Alfa Laval AB
• Pentair - X-Flow
• Toray Industries Inc.
• Sumitomo Electric Fine Polymer Ltd.
• Other Key Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Segments Covered in Global Polymer Nanomembrane Market by Type

• Polyacrylonitrile
• Polyethylene
• Polyvinylchloride
• Polyamide
• Other Types

Key Segments Covered in Global Polymer Nanomembrane Market by End Use Industry

• Water & Wastewater Treatment
• Chemical
• Electronics
• Oil & Gas
• Food & Beverages
• Pharmaceutical & Biomedical
• Other End Use Industries