PUBLISHER: The Business Research Company | PRODUCT CODE: 1425780
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425780
Reverse Osmosis (RO) Membrane Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on reverse osmosis (ro) membrane market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for reverse osmosis (ro) membrane? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The reverse osmosis (ro) membrane market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The reverse osmosis membrane refers to a semipermeable barrier utilized for solvent transfer from a solution to a purer solvent by applying pressure to the solution side. Its primary function involves separating dissolved solutes from water, and it is notably acclaimed for its effectiveness in purifying drinking water, particularly in eliminating salt and other impurities from water molecules.
The primary types of reverse osmosis (RO) membranes include thin-film composite membranes and cellulose-based membranes. Thin-film composite membranes, serving as semipermeable barriers, find extensive usage in water purification and desalination systems. These membranes are integrated into various filter modules such as spiral wound, hollow fiber, tubular, plate, and frame configurations, catering to desalination, utility water treatment, wastewater treatment, refuse treatment, process water applications, and industrial processing across water and wastewater treatment and industrial processing sectors.
The reverse osmosis (RO) membrane market research report is one of a series of new reports from The Business Research Company that provides reverse osmosis (RO) membrane market statistics, including reverse osmosis (RO) membrane industry global market size, regional shares, competitors with reverse osmosis (RO) membrane market share, detailed reverse osmosis (RO) membrane market segments, market trends, and opportunities, and any further data you may need to thrive in the reverse osmosis (RO) membrane industry. This reverse osmosis (RO) membrane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The reverse osmosis (ro) membrane market size has grown strongly in recent years. It will grow from $6.21 billion in 2023 to $6.83 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. During the historic period, growth in the utilization of reverse osmosis membranes can be attributed to various factors including concerns regarding water scarcity, expanded industrial applications requiring water treatment, adherence to stringent environmental regulations, the effects of a growing global population and increased urbanization, initiatives focused on desalination projects, as well as heightened awareness concerning water purity.
The reverse osmosis (ro) membrane market size is expected to see strong growth in the next few years. It will grow to $9.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The anticipated growth in the forecast period is expected to be driven by advancements in material science, a heightened emphasis on sustainable solutions, the promotion of water reuse and recycling initiatives, the expansion of desalination projects, the adoption of smart water management solutions, and the ongoing development of global infrastructure. Major trends projected for the forecast period encompass a significant focus on seawater desalination, the integration of Internet of Things (IoT) technologies for monitoring purposes, customization of solutions tailored for specific water quality challenges, increased adoption of spiral-wound membrane configurations, and a strong emphasis on sustainable and eco-friendly membrane solutions.
The demand for clean drinking water is expected to drive the growth of the reverse osmosis membrane market. Clean water, defined as water with less than 0.5 parts per 1000 dissolved parts, is crucial for good health and well-being. The requirement for clean drinking water is significant, with each person needing between 20 and 50 liters of safe water per day for drinking, cooking, and basic hygiene-a need addressed by reverse osmosis membrane applications. According to the United Nations International Children's Emergency Fund (UNICEF), in 2022, 5.82 billion people accessed safely managed water services, while 2.2 billion individuals lacked access to safely managed water services. This includes those with basic services, limited water access, reliance on unimproved sources, and those collecting water directly from surface sources. The increasing demand for clean drinking water is a key driver propelling the reverse osmosis membrane market's growth.
The expansion of the food and beverage industry is expected to contribute to the growth of the reverse osmosis membrane market. Reverse osmosis membranes play a critical role in ensuring high-quality water for various processes in this sector, including ingredient preparation, beverage production, and overall processing. Factors driving this growth include adherence to water quality standards, maintaining product quality consistency, regulatory compliance, efficient ingredient dissolution, sustainability through water recycling practices, fouling minimization, and the adoption of energy-efficient membrane technologies. According to the Australian Bureau of Statistics, per capita daily consumption of non-alcoholic beverages such as soft drinks and packaged water increased by 4% and 12%, respectively, in 2021 compared to the previous year. The expanding food and beverage industry is a significant factor driving the growth of the reverse osmosis membrane market.
Major companies in the reverse osmosis membrane market are investing in new technologies to maintain their positions. For instance, in April 2022, Veolia Water Technologies, Inc., a France-based company specializing in water testing and environmental management solutions, launched the Barrel-an integrated plug-and-play reverse osmosis (RO) technology. The Barrel is designed for desalination, ensuring water quality compliance, and is suitable for wastewater reuse and low-pressure RO applications. It offers an economically viable and sustainable source of fresh water with features like scalability, reduced footprint, enhanced safety features, and a built-in digitalization system for real-time monitoring of membrane conditions. This emphasis on innovative technologies reflects the commitment of major companies to sustainability and efficiency in the reverse osmosis membrane market.
Major companies in the reverse osmosis membrane market are focusing on the development of new ultralow-pressure reverse osmosis (RO) membrane elements to gain a competitive advantage. In March 2022, Toray Industries, Inc., a Japan-based textile industry company, introduced the TBW-HR series of ultralow-pressure reverse osmosis (RO) membrane elements. These innovative elements exhibit a significant improvement in the rejection of neutral molecules, such as silica and boron, from untreated water. The rejection capabilities of these ultralow-pressure RO membranes surpass those of existing alternatives. The heightened rejection capacity facilitates the production of higher-quality and purer water, making it particularly beneficial for applications like semiconductor manufacturing, where there is a heightened demand for ultrapure water. The TBW-HR series offers double the neutral molecular rejection capacity compared to Toray's previous offerings, achieved through precise control of RO membrane micropore sizes and enhanced membrane fold structures. This advancement contributes not only to electronic component miniaturization but also holds potential for reducing manufacturing costs by simplifying water treatment stages and enhancing membrane performance.
In April 2021, Komline-Sanderson Corporation, a US-based manufacturer of liquid-solid separation systems, acquired Harn R/O Systems Inc. for an undisclosed amount. Through this strategic acquisition, Komline-Sanderson Corporation aims to expand its product range by introducing reverse osmosis, nanofiltration, and low-pressure membrane treatment systems customized to meet individual customer requirements. Harn R/O Systems, Inc., a US-based company in the membrane treatment industry, provides reverse osmosis and nanofiltration membrane systems for industrial and municipal water treatment applications. This acquisition reflects the industry's focus on diversifying product offerings and enhancing capabilities to meet the evolving needs of customers in the reverse osmosis membrane market.
Major companies operating in the reverse osmosis (ro) membrane market report are DuPont de Nemours Inc., Toray Industries Inc., Koch Industries Inc., Toyobo Co. Ltd., Suez-Lyonnaise des Eaux, Keensen Technology Co. Ltd., Lanxess AG, The Dow Chemical Company, Vontron Technology Co. Ltd., Merck & Co. Inc., Pall corporation, Parker Hannifin Corporation, Lenntech Water Treatment Solutions, Hydramem, Alfa Laval AB, GE Water and Process Technologies, Axeon Water Technologies, BNKO Environmental Technology (Shanghai) Co. Ltd., Permionics Membranes Private Limited, Samco Technologies Inc., Nitto Denko Corporation, Mann+Hummel Water & Fluid Solutions, Synder Filtration Inc., LG Chem Ltd., Hydranautics, Hyflux Ltd., Membranium, Trisep Corporation, Microdyn-Nadir GmbH, Applied Membranes Inc., Pure Aqua Inc.
North America was the largest region in the reverse osmosis (RO) membrane market share in 2023. The regions covered in the reverse osmosis (ro) membrane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the reverse osmosis (ro) membrane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The reverse osmosis (RO) membranes market consists of sales of cellulose acetate or polysulfone membranes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.