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+17% expected CAGR of Reverse Osmosis Technology Market projected to reach US$6.504 billion by 2025 over 2019-2025: Global market overview by Toray Industries, Inc., LG Chem., Hydromantic, Toyobo Co., Ltd., LANXESS AG, LANXESS AG
Reverse Osmosis (RO) is a water purification technology that uses a semi-permeable membrane to remove ions, molecules and particles larger than drinking water. In reverse osmosis, applied pressure is used to overcome osmotic pressure, an accompanying property, driven by the chemical potential differences of the solvent, a thermodynamic coefficient. The global reverse osmosis technology market was valued at US$6.504 billion in 2019 and is expected to grow at a CAGR of +10% to reach a market size of US$9.227 billion by the year 2025. Reverse osmosis can remove many types of dissolved and suspended chemical species as well as biological ones from water, and is used in both industrial processes and the production of potable water. The growth of the industrial, residential, and commercial sectors is the major driving factor for the growth of the reverse osmosis membrane market as they are the largest end user segments incorporating the RO technology.For sample request:
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company profile:
Toray Industries, Inc., LG Chem., Hydromantic, Toyobo Co., Ltd., LANXESS AG, The Dow Chemical Company, Koch Membrane System, Microdyne-Nadir GmbH, Membranous (JSC RM Nanotech), and Axion Water Technologies.
The growing concern among people regarding health coupled rising awareness about the need for safe and clean water drives the demand for reserve osmosis system. Factors like increase in disposable income and rising living standard coupled with increasing middle-class income level results in high spending over health while propelling the reverse osmosis system market. Other factors contribute to the market growth are rapid industrialization and ongoing advancement in technology.
Geographically, Asia Pacific region is expected to drive the global market of reverse osmosis technology owing to the presence of large population base which drives the need for clean processed water. Rapid industrialization in countries like Australia, Japan, India and China is also expected to augment the demand of reverse osmosis in the region.
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This report presents the forecast for RO technology components for 2019 through 2025 on a value basis, measured in millions of U.S. dollars, unadjusted for inflation. Water processing capacity is measured in million gallons per day (gpd). These forecasts are further broken down by geographical regions. Individual end-applications are further broken down by components, market sectors and operating pressure. Of the components, membranes and pressure vessels/housings are further broken down by material employed.
Key Benefits for Reverse Osmosis Technology Market:
• The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the investment pockets.
• A comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
• An extensive analysis of different segments facilitates to understand various products of the market.
• The key players are profiled, and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
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