Press release
Reverse Osmosis Membrane Market is Expected to Grow at a CAGR of 7.36% by 2030 | ChemAnalyst
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Reverse osmosis (RO) is basically a process of water purification that primarily uses a selectively permeable membrane to separate unwanted molecules, ions, and larger particles from drinking water. As a result, the solute is preserved on the pressurized side of the membrane and the pure solvent is passed onto the other side. RO membranes are extensively used as a filtration method to remove different solid wastes.
The demand of RO membranes by the Water treatment sector is fuelling the Reverse Osmosis market across the globe. With the rising incidences of water-borne diseases, the demand for advanced technology that provides safe and toxin-free water, is accelerating the demand of reverse osmosis membranes. Soaring demand for ultrapure water in the food and beverage is contributing to the growth of RO membrane market. However, due to short durability of RO membranes along with the loss of vital materials during the purification process can limit the market growth of Reverse Osmosis membrane on the global level. Reverse Osmosis also find its applications in Medical and diagnostics sector. As an ideal alternative to wastewater treatment, the demand of RO membranes is all set to boost the global Reverse Osmosis market in the forecast period.
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Based on the type of membranes, the Reverse Osmosis market is segmented into Thin Film Composite membranes and Cellulose Based membranes. Among which, Thin Film Composite membranes are widely used for the wastewater treatment as they are exclusively manufactured for the desalination and water purification systems. Thin Film Composite membranes possesses excellent characteristics such as high mechanical strength, high rejection for unwanted materials (ions) and high filtration rate.
In 2020, due to outbreak of COVID-19, there was a fluctuating impact in the demand for purified water across the world. As major countries like U.S., India, China, Brazil, Italy, and others that were affected especially in the second and third quarter of COVID-19 have witnessed a high decline in sales of the product due to the closing of retail outlets, financial crunch among the consumers, along with interruptions in the supply chain. However, there was a shift towards online sales from that of traditional brick and motor retailing, as many people are opting for online purchasing to avoid contacting with people.
Region wise, Asia Pacific region holds the largest share of Reverse Osmosis market across the globe. Due to increasing industrialization and environmental concerns in emerging economies such as China, India and other ASEAN countries, the region is expected to witness the fastest growth. Government is taking initiatives and measures to install municipal desalination systems as a response to rising water pollution is expected to boost the demand of Reverse Osmosis Membranes over the next ten years.
According to ChemAnalyst report, “Reverse Osmosis Membrane Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Regional Demand, 2015-2030”, some of the major players operating in global Reverse Osmosis market include Toray Industries Inc, DuPont de Nemours Inc, SUEZ Water Technologies & Solutions, Koch Separation Solutions, Hydranautics (A Nitto Group Company), Inc, Toyoba Co. Ltd., Shandong Jozzon Membrane Technology Co. Ltd., LG Chem, Microdyn-Nadir, JSC RM Nanotech and Others.
“Due to the high demand of ultrapure water in the food and beverage industry, the global Reverse Osmosis Industry has shown significant growth and is anticipated to achieve an impressive volume and CAGR in the forecast period. It is predicted that India is going to become the world's fifth biggest consumer market in the upcoming years. In addition, growing per capita income and high demand of clean water in various Countries poised a stronger outlook to the country’s Reverse Osmosis demand. The government restrictions due to the novel corona virus affected the global supply chain logistics and caused immediate shortage of key feedstock chemicals hence increased the prices of Reverse Osmosis Meanwhile, China serves as the key growth region as well with sufficiently installed capacities and emerging technologies. With new competitors emerging across the Asian Reverse Osmosis market, it is extremely important to keep a focus on which region is going to grab the biggest market share during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.
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