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Reverse Osmosis (RO) Membrane market Global 2019 Trends, Market Share, Industry Size, Opportunities, Analysis and Forecast To 2024
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The Global Reverse Osmosis(RO) membrane market size is estimated to be USD 2.6 Billion in 2019 and is projected to reach USD 5.2 Billion by 2024, at a CAGR of 11.7% from 2024. Top key players profiled in the Reverse Osmosis(RO) membrane market include are Toray (Japan), Dow Water & Process Solutions (US), Hydranautics (US), Lanxess (Germany), Koch Membrane System (US), Toyobo (Japan), and LG Chem (South Korea).
"Thin film composite membrane is projected to be the fastest-growing segment of the RO membrane market, in terms of value, between 2019 and 2024."
The thin film composite membrane segment accounted for the largest share of the RO membrane market in 2018, and it is estimated to be the fastest-growing material type segment. The growth is associated with the high tolerance of thin film composite membrane to wide operating pH and temperature compared to the cellulose-based membrane. The major breakthroughs in technologies used for manufacturing thin film composite membranes are driving the market.
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"The Middle East & North Africa accounted for the largest share in the RO membrane market in 2018."
The Middle East & North Africa region accounted for the largest share of the RO membrane market in 2018. This is due to the high demand for seawater desalination, particularly in Saudi Arabia, that produces 20% of the world's desalinated water. Moreover, approximately 70% of the world's desalination plants are located in the Middle East. The desalination capacities in Middle East & North Africa are anticipated to rise with supporting government initiatives in the GCC.
Competitive Landscape of Reverse Osmosis (RO) Membrane market:
1 Overview
2 Competitive Situations and Trends
2.1 New Product Launches
2.2 Partnerships, Agreements & Collaborations
2.3 Acquisition
2.4 Expansions
3 Competitive Leadership Mapping, 2018
3.1 Visionary Leaders
3.2 Innovators
3.3 Dynamic Differentiators
3.4 Emerging Companies
3.5 Strength of Product Portfolio
3.6 Business Strategy Excellence
4 Ranking of Players
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Reason to access this report:
o Market Penetration: Comprehensive information on RO membrane offered by top players in the global market
o Market Development: Comprehensive information about lucrative emerging markets--the report analyzes the markets for RO membrane across regions
o Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global RO membrane market
o Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the RO membrane market
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