Reverse Osmosis (RO) Membranes Market Worth $ 5.0 Billion By 2026
CHICAGO, August 6, 2021 / PRNewswire / – According to New Market Research Report “Reverse Osmosis (RO) Membranes Market By Type (Thin Film Composite Membranes, Cellulose Based Membranes), End Use Industry (Water & Wastewater Treatment, Industrial Treatment), Filter Module, Application & Region – Global Forecast to 2026“, published by MarketsandMarkets ™, the global RO membranes market size is expected to reach $ 5.0 billion by 2026 from $ 3.1 billion in 2021, at a CAGR of 10.0% over the forecast period.
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The increasing requirement of RO membrane in water and wastewater treatment is driving the market. In addition, increasing water scarcity and changing government regulations requiring industrial and municipal wastewater treatment are also driving the RO membranes market. The increase in demand for industrial process water and the growth of urbanization in emerging economies, such as APAC, Middle East & Africa, and South America, are also the driving force of the market.
On the basis of type, thin film composite membranes are estimated to be the largest market in the overall RO membranes market in 2021.
Thin-film composite membranes are widely used for water and wastewater treatment. Thin-film composite membranes are semi-permeable membranes that are manufactured primarily for use in water purification or desalination systems. These membranes have high rejection for unwanted materials such as metal ions and salts, good mechanical strength and high filtration rate. In addition, these membranes have good chemical and mechanical stability and exhibit excellent membrane formability characteristics.
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Based on the end-use industry, water and wastewater treatment is expected to be the largest segment of RO membranes in 2021.
The water and wastewater treatment segment is estimated to be the largest end-use industry for the RO membranes market. Water scarcity and increasing regulations mandating wastewater treatment and reuse are driving the market for water and wastewater treatment segment. The growing demand for drinking water from countries such as China, India, Brazil, and others have also led to the large size of the market. In addition, the increase in desalination activities in countries such as Saudi Arabia, the United Arab Emirates, India, China, the United States and others are expected to further stimulate the water and wastewater treatment market.
Based on the region, APAC is expected to experience the fastest growth in the RO membranes market during the forecast period.
APAC is expected to be the fastest growing region among others in the RO membranes market during the forecast period, in terms of value. Increasing government initiatives to provide access to water for all, increasing population and increased urbanization are boosting the market in APAC. China, Japan, and India are the main markets in this region. In addition, the growth of industrial activities, the growth of the residential and commercial sector in countries such as Singapore, China, Malaysia, Thailand, Vietnam, Indonesia, India, and others, are also driving the growth of the water and wastewater treatment market in the RO membrane industry.
The key players in RO membranes market include DuPont Water Solutions (US), Toray Industries (Japan), Suez Water Technologies and Solutions (United States)France), Hydranautics (United States), LG Chem (South Korea), Koch (USA), Mann Hummel Water & Fluid Solutions (Germany), membrane (Russia) and Toyobo Co. Ltd. (Japan). These players have firmly established themselves in the market by adopting strategies such as new product launches, investments and expansions, agreements, joint ventures, partnerships and mergers and acquisitions.
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