Reverse Osmosis (RO) Membrane Market Expected to Reach US ~$7.70 billion and CAGR 10.2% by 2030 – Polaris Market Research
The global Reverse Osmosis (RO) Membrane Market size is expected to reach USD 7.70 billion by 2030 according to a new study by Polaris Market Research.
The rising adoption of the technology for water & wastewater treatment, coupled with the increasing water scarcity, is significantly impelling the market demand. In addition, the frequent regulatory framework mandating treatments of municipal and industrial wastewater also acts as a chief catalyzing factor for the global industry growth. Moreover, increasing urbanization and infrastructure development, primarily in the emerging economies like APAC, South America, and the Middle East & Africa, further leads to industry development in the foreseen years.
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Based on the type, the cellulose-based segment is dominating the global industry with the highest revenue shares owing to the growing need for cleaning water, as well as declines in the scarcity of water globally. Whereas the thin-film composite segment is showing the highest CAGR rate that leads the product demand. They have a high filtration rate, good mechanical strength; along with it have a high elimination rate of redundant materials like salts and metal ions.
The rising demand for technology, majorly among the emerging nations, is anticipating the global demand in the forthcoming scenario. The increasing requirement for water desalination from oceans and seas is prone to stimulate industry demand. Various nations are setting up brackish water treatment and water desalination units to solve the shortage of water.
The market is the chief technology for brackish water and seawater desalination and records for the major segment in every desalination plant because it utilizes less energy in contrast to further technologies. In addition, countries of the Asia Pacific and the Middle East & Africa are majorly accountable for the growing demand for the technology in water treatment processes, which presents potable water in emerging economies for drinking, agriculture, and other activities. Hence, these factors may positively influence the industry’s development globally.
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Major participants such as Membranium, Axeon, Dupont Water Solutions, Hydramem, Hydranautics, KeenSen, Toyobo Co. Ltd., Lenntech, LG Chem, Alfa Laval, Mann+Hummel Water & Fluid Solutions, Merck, Pall Water, Parker Hannifin Corporation, Suez Water Technologies & Solutions, Toray Industries, Inc., and Koch Separation Solutions are some of the key players operating worldwide. Various players are launching new products to strengthen their position in the global industry. For instance, in March 2021, DuPont introduced pre-treatment technology that eradicates the negative impact of biofouling in reverse osmosis systems to decrease operational expenses and enhance plant reliability.
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Polaris Market Research has segmented the Reverse Osmosis (RO) membrane market report on the basis of type, end-use, a filter module, application, and region:
Reverse Osmosis (RO) Membrane, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Thin-film composite
- Cellulose-based membranes
Reverse Osmosis (RO) Membrane, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
- Water & Wastewater treatment
- Industrial Processing
Reverse Osmosis (RO) Membrane, Filter Module Outlook (Revenue – USD Billion, 2018 – 2030)
- Spiral Wound
- Hollow Fiber
- Plate and Frame
Reverse Osmosis (RO) Membrane, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Utility water treatment
- Wastewater treatment & reuse
- Process water
Browse detailed report with in-depth TOC – Reverse Osmosis (RO) Membrane Market
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