Reverse Osmosis Membrane Market
At an estimated value of over USD 8.52 billion in 2019, the Global Reverse Osmosis Membrane Market is predicted to thrive at a CAGR of 7.6% and valued at over USD 19.07 billion over the forecast year 2020-2030.
Reverse Osmosis (RO) membranes are a thin and semi-permeable membrane with small enough pores to pass pure water while eliminating the impurities such as dissolved salts (ions) and bacteria. Reverse Osmosis is the water purification method to filter out impurities, and all contaminants, leaving only the pure usable water. The RO membranes are typically capable of removing 90%–99% of contaminants or impurities such as total dissolved solids (TDSs) and viruses from the water. The demand for RO membrane is mainly driven by its application for the seawater desalination.
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Top Companies: Toray Industries, Inc., Hydranautics (A Nitto Group Company), LG Chem., The Dow Chemical Company, Toyobo Co., Ltd., Lanxess AG, Koch Membrane System, Membranium (JSC RM Nanotech), Microdyn-Nadir GmbH, and Axeon Water Technologies and others.
The global reverse osmosis membrane market share is segmented on the basis of material type, filter module, application, and geography. On the basis of material type, the market is categorized into cellulose-based and thin film composite. According to the filter module, the market is divided into plate & frame, spiral-wound, tubular-shaped, and hollow-fiber. On the basis of application, the market is segmented into RO purification system, desalination system, and medical devices & diagnostics. Geographic fragmentation and analysis of each segment includes regions comprising North America, Europe, Asia Pacific and RoW.
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In terms of geography, North America held major share of the market in 2019. This is attributed to the rapid growth in the demand to deliver filtered drinking water to increasing populations as well as to support mining needs, agricultural needs, and electric utility needs. However, Asia pacific is expected to grow rapidly with increasing market size due to upsurge in population along with the lack of potable water in several countries across the region.
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