Nanotechnology in Water Treatment Market: Overview
Lack of access to safe drinking water and water shortages across the globe pose a major threat to people across the world. Nanotechnology is one of the emerging technologies that can play a key role in resolving water crisis by introducing inexpensive and effective water treatment techniques. In water treatment, nanotechnology is used for water purification or filtration by means of nanoscopic materials such as alumina fibers and carbon nanotubes. It also employs nanocatalysts, zeolite filtration membranes, titanium oxide nanowires, palladium nanoparticles, and magnetic nanoparticles. Nanotechnology in water treatment offers various advantages over the conventional water treatment process, such as large surface area, high efficiency, enhanced absorption, and low pressure requirement across the filter.
Nanotechnology in Water Treatment Market: Key Segments
The global nanotechnology in water treatment can be segmented in terms of nanomaterial and application. Based on nanomaterial, the nanotechnology in water treatment smarket can be segmented into nanoadsorbents, nanometals/nanometals oxides, and nanomembranes. Nanomembranes are used for removal of contaminants and softening of water in any type of water or wastewater treatment system. Nanomembrane-based water treatment process is highly reliable and it provides a physical barrier for contaminants, based on their molecule size and pore size. Nanomembranes require a large amount of energy during the water treatment process. Water treatments that use nanometals or nanometals oxides, such as titanium dioxide and nanosilver, present a low-cost water purification technique. These nanomaterial are highly abrasion resistant and super magnetic in nature. They offer short diffusion distance. Nano adsorbents aid in the removal of heavy metals, organic materials, and bacteria from water. They have high adsorption rate and surface area, but their production cost is high.
Based on application, the global nanotechnology in water treatment market can be segmented into potable water treatment and industrial water treatment. Nanofiber membranes in potable water treatment application are gaining momentum in the water treatment industry, due to their structural properties such as large surface area and high adsorption rate. These membranes help in improving the water quality through their antimicrobial activity. All these factors are boosting the demand for nanotechnology in water treatment.
Nanotechnology in Water Treatment Market: Trends & Demands
Rising demand for affordable and clean drinking water coupled with increasing emphasis to clean industrial water pollutants in groundwater is driving the global nanotechnology in water treatment market. However, high production costs and commercialization of nanomaterial on a large scale are expected to hinder the nanotechnology in water treatment market during the forecast period. Nevertheless, rising research activities in the field of nanotechnology and discovery of low-cost and efficient nanomaterials are likely to fuel the nanotechnology in water treatment market in the next few years. For instance, researchers have recently developed a thin-film, molybdenum disulfide (MoS2) membrane with nanopores for desalination. This membrane filters 2–5 times higher amount of water than the conventional filter.
Nanotechnology in Water Treatment Market: Regional Outlook
Based on region, the global nanotechnology in water treatment market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held a major share of the global nanotechnology in water treatment market in 2017. Increasing expenditure on R&D in the field of nanomaterial and industrial wastewater treatment is boosting the nanotechnology in water treatment market in North America. The market in Asia Pacific is expected to expand at a significant pace during the forecast period. Increasing government efforts to provide safe drinking water across developing economies such as China, India, Indonesia, and Thailand are expected to fuel the nanotechnology in water treatment market in the region during the forecast period. The market in Latin America and Middle East & Africa is expected to expand at a moderate pace in the next few years. Rising awareness regarding nanotechnology across South Africa and GCC and increasing expenditure by governments and NGOs to provide water free from contaminants are likely to provide lucrative opportunities to manufacturers operating in the nanotechnology in water treatment market in Middle East & Africa in the near future.
Nanotechnology in Water Treatment Market: Key Players
Key players operating in the global nanotechnology in water treatment market include Lanxess Aktiengesellschaft, ItN Nanovation AG, and Enel Spa.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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