The global brineconcentration technology market was valued at nearly US$ 12Bn in 2017 and is anticipated to expand at a CAGR of more than 4.0% from 2018to 2026, according to a new report titled ‘Brine Concentration TechnologyMarket - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast,2017-2026’ by Transparency Market Research (TMR) Growth of brineconcentration technology is highly dependent on oil & gas activities. Theshift toward clean energy is expected to drive the demand for brineconcentration technology in the near future. Brine is a salt water solution,which may contain different salts such as calcium sulfate, silica, calcium chloride,and sodium. Brine needs to be treated before discharging it into theenvironment. Brine concentration technology involves treating the producedbrine to remove harmful salts from the water.
Increasein demand from oil & gas industry
Oil &gas exploration is a major source of energy in many countries. Its productionhas been described as one of the most important industrial activities of the 21st century. Water is a complexmixture of organic and inorganic compounds and the largest volume of by-productgenerated during oil and gas recovery operations. The oilfield produced watercan be a source of fresh water for water-stressed oil-producing countries.Extraction and production of oil & gas leads to reduction in reservoirpressure. Additional water is usually injected into the reservoir water layerto maintain hydraulic pressure and enhance oil recovery.
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Rise in concern about environmentalpollution
Increase inconcern about the environment has played a major role in the adoption of brineconcentration technology. Various projects, including several para-xylenechemical plants in China and a wastewater discharge pipeline for a paper mill,have been suspended or canceled as a result of public protests. Growth inconcern about the environment is likely to compel industries to adopt brinetreatment as a necessary solution in order to gain public acceptance. Highinstallation cost of brine concentration technology can be a restrainingfactor, specifically for small industries that have lower capital investment.
Currently, Vertical Tube FallingFilm (VTFF) technologysegment is anticipated to expand significantly
In terms oftechnology, the vertical tube falling film (VTFF) segment currently holds themajor share of the market due to the technology’s application in achieving zeroliquid discharge in industries. Development of offshore oil & gas industryin North America and Middle East has propelled the demand for HERO technology.The HERO segment is likely to expand at a CAGR of 6.39% during the forecastperiod, followed by the VTFF segment (CAGR of 5.57%). MVC and CCD segments arealso anticipated to expand during the forecast period.
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Innovation, quality improvement,and recent development in brine concentration technology
In 2015,Desalitech and C2HM together emphasized on developing the Closed CircuitDesalination (CCD) technology. The CCD technology improves the efficiency andproductivity. It helps in passing concentrated brine through the systemcontinuously and leaving the salt precipitate behind through salt extractiongate. The new technology helps tackle issues arising due to depleting amount offreshwater for domestic and industrial purposes. Installation of brineconcentration plants enables industries to reuse the recovered water and thuslower their operating costs.
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Countries in Asia Pacific to leadbrine concentration technology market
AsiaPacific is estimated to emerge as one of the prominent regions of the brineconcentration technology market. Highly environment-conscious Europe and NorthAmerica are projected to lead the global brine concentration technology marketin the near future. The brine concentration technology market is projected towitness a large number of collaborations among manufacturers and technologydevelopers during the next few years. Over the years, China has become astrategic center for brine concentration technology. This is projected to boostthe demand for brine concentration technology systems in Asia Pacific in thenear future.
Highly competitive market withdomination of top players
The globalbrine concentration technology market is a highly competitive. In order toacquire higher market share, companies operating in North America, Middle East& Africa, and Asia Pacific are rapidly expanding their productionfacilities of brine concentration technology. Leading players dominate themarket. Key players operating in the brine concentration technology market areAdvent Envirocare Technology Pvt. Ltd., Modern Water plc. Memsys WaterTechnologies GmbH, Enviro Water Minerals Company Inc., Oasys Water, TETRATechnologies, Inc., Fluid Technology Solutions, Inc., Osmo Membrane SystemsGmbH, Saltworks Technologies Inc., Duraflow LLC., Veolia, and SynderFiltration, Inc.
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