Reverse Osmosis Membrane Market Research Report Size, Growth & Forecast – 2022-2029
The Reverse Osmosis Membrane Market was valued around USD 3.6 billion in 2021 and is expected to grow at a CAGR of 8.7% over the forecast period (2022-2029).
The factors driving growth of the Reverse Osmosis Membrane Market includes increasing number of waterborne diseases around the world, rising application of reverse osmosis membrane in desalination plants and wastewater recycling, growing concerns related to water scarcity and improvements in the living standards. Moreover, Government regulations regarding the treatment of municipal and industrial waste, growing adoption of advanced technologies, rise in the launch of new products and rapid urbanization, are some of the additional factors supplementing the Global Reverse Osmosis Membrane Market. In addition, the increasing investments by major corporations on research and development, rising disposable incomes and growing population growth rates, are further propelling Reverse Osmosis Membrane Market size.
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However, growth of the Reverse Osmosis Membrane Market is hindered attributed to discharge of dense brine.
The prominent players operating in the market are Mann+Hummel, Membranium, Toyobo Co., Ltd., DuPont., Toray Industries, Inc, SUEZ, AXEON Water Technologies., Hydranautics, LG Chem and Koch Industries, Inc., among others.
Based on Applications, the Desalination Systems segment is predicted to grow at a significant CAGR during the forecast period
Increasing use of desalination systems to remove salts and minerals from sea and brackish water and producing fresh water fit for human consumption, are propelling growth of the segment.
Based on End-Use Industry, the Water & Wastewater treatment segment is projected to hold the highest market share over the forecast period
Strict regulations regarding the treatment of wastewater and reuse of wastewater, is pushing segment’s growth.
Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period
As per the Reverse Osmosis Membranes Market Forecast, increasing prevalence of waterborne diseases across United States and Canada, presence of the leading players such as DuPont Water Solutions, Hydranautics and Koch, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.
Key Developments
- In Oct 2020, Koch partnered with Waste 3R Engineering & Solutions. This will help to promote company’s advanced separation technologies for industrial water and wastewater projects across Bangladesh and help them to achieve the recycling and reuse by the leveraging company’s membrane products and system.
- In Jan 2020, DuPont Water Solutions introduced dry-tested seawater reverse osmosis elements which will help enable the transition from wet to dry testing and increase shelf life and flexibility for storage.
Market Segmentation
Segmentation by Applications
- Desalination Systems
- RO Purification Systems
- Others
Segmentation by End-Use Industry
- Water & Wastewater treatment
- Industrial Processing
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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