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Reverse Osmosis Membrane Market will Hit $12,125 Million, by 2025 | Toray Industries, Inc., LG Chem., Hydranautics (A Nitto Group Company), Toyobo Co., Ltd., Lanxess AG, The Dow Chemical Company, Koch Membrane System, Microdyn-Nadir GmbH, Membranium (JSC

07-10-2019 11:10 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
Reverse Osmosis Membrane Market

Reverse Osmosis Membrane Market

According to a new report published by Allied Market Research, titled, Reverse Osmosis Membrane Market by Material Type, Filter Module, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global reverse osmosis membrane market size was estimated to be $6,201 million in 2017, and is estimated to reach $12,125 million by 2025, registering a CAGR of 8.7% from 2018 to 2025. In 2017, the spiral-wound reverse osmosis membrane segment accounted for more than two-fifths of the total reverse osmosis membrane market.

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There are two main types of water treatment technology namely, thermal and membrane technology. The membrane technology includes microfiltration, ultrafiltration, nanofiltration, and reverse osmosis, among others. Reverse osmosis membrane market is one of the fastest growing market. Reverse osmosis is a form of membrane separation, which uses pressure to force a solution through a membrane that retains the solute and allows the pure solvent to pass to the other side. Typically, this membrane is designed to allow only water to pass through while the solutes (for example, salt ions) are being separated. Capable of separating dissolved solids, bacteria, viruses, and other selected dissolved substances, it is largely used for the desalination of seawater. The reverse osmosis membrane is essentially non-porous, and it preferentially passes liquid and retains most of the solutes including ions. Reverse osmosis emerged along with electrodialysis as a new technology in the second half of the 20th century and became an alternative to commonly used techniques of evaporation and distillation.

The reverse osmosis membrane industry growth is significantly influenced by rise in inclination towards low energy consuming water treatment process. Moreover, considering the rising trend of reverse osmosis membrane use in alternative water source treatment, including desalination plants and wastewater recycling, the reverse osmosis membrane-based water and wastewater treatment processes hold a great potential for the future. Especially in regions with water scarcity, the provision of water from seawater desalination plants has become increasingly important.

Over the years, the cost of water treatment by conventional treatment plants has risen up, owing to very high energy cost and relatively lower efficiency. Thermal desalination-both multi-stage flash (MSF) and multiple effect distillation (MED)-are more energy intensive than reverse osmosis (RO) membrane technology. Thermal processes require both electrical energy and heat, which is what make it more energy intensive than reverse osmosis (RO) membrane technology. Thus, low operating expenditure of reverse osmosis plant, propels the growth of the reverse osmosis membrane market.

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The Earths surface is covered with 70% of water, however, only 3% of it is freshwater, which is fit for human consumption. And, approximately two-thirds of the freshwater are frozen as glaciers, and thus, it is unavailable for our consumption. According to WWF, around 1.1 billion people across the globe lack proper access to water, and approximately 2.7 billion people come across water scarcity for at least a month in a year. Some of the effects of water scarcity are poor access to drinking water, loss of irrigation, and sanitation issues. These three problems have high impact on human health and lead to various diseases. These problems can be controlled by application of water treatment technologies, such as reverse osmosis membrane, wastewater is recycled, leading to control in usage of natural water resources. And accordingly, public sectors are taking initiative at local & national level to address the issue. Thereby supporting the growth of reverse osmosis membrane market.

The key application of reverse osmosis membrane are desalination and RO purification system. Desalination is the process of removal or extraction of salt and other minerals from a water source (sea water and brackish water). Desalination is done to produce water suitable for human consumption or irrigation. The amount of salt content in seawater ranges from 30,000 mg/L to 40,000 mg/L, majorly depending on the region. Whereas, brackish water has less salt than seawater but has more salt than freshwater. Typically, brackish water contains from 0.5 to 30 grams of salt per liter. Brackish water is found in estuaries, mangroves, brackish seas and lakes, brackish marsh, and others.

The reverse osmosis (RO) purification system has applications in many areas such as residential, commercial, municipal, industrial, medical diagnostics, and dialysis equipment. The reverse osmosis (RO) purification system uses several types of reverse osmosis membranes based on the level of filtration and the process. The reverse osmosis (RO) systems used in residential and commercial are to provide a continuous supply of clean, fresh drinking water. Industries often require highly purified water for drinking, boilers, food and beverage processing, cosmetics, pharmaceutical production, and many other applications.

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Key Findings of the Reverse Osmosis Membrane Market :
The desalination system segment of the reverse osmosis membrane market is anticipated to witness the fastest CAGR of 10.1% during the forecast period, that is, 2018 to 2025.
The thin film composite membrane segment dominated the global reverse osmosis membrane market in 2017, and it is anticipated to grow at a lucrative CAGR of 9.1% during the forecast period.
The hollow-fiber segment is anticipated to witness the highest CAGR of 9.1% in terms of value during the forecast period.
The Asia-Pacific region led the global reverse osmosis membrane market in 2017, and is anticipated to witness a CAGR of 10.1% during the forecast period, in terms of value.
By filter module, the spiral-wound segment dominated the reverse osmosis membrane market in 2017, and is anticipated to witness a significant CAGR of 8.8% during the forecast period.
The key companies profiled in the reverse osmosis membrane market are Toray Industries, Inc., LG Chem., Hydranautics (A Nitto Group Company), Toyobo Co., Ltd., Lanxess AG, The Dow Chemical Company, Koch Membrane System, Microdyn-Nadir GmbH, Membranium (JSC RM Nanotech), and Axeon Water Technologies.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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