Delhi, India -- (SBWire) -- 12/02/2019 --Based on the latest insights in the report title "Global Reverse Osmosis Membrane Market by Material Type (Cellulose-Based and Thin Film Composite), Filter Module (Plate & Frame, Tubular-Shaped, Spiral-Wound, And Hollow-Fiber), and Application (Desalination System, RO Purification System, and Medical Devices & Diagnostics): Global Opportunity Analysis and Industry Forecast, 2018-2025" by Report Ocean, the Market is projected to reach $13.5 billion by 2025 registering a CAGR of 8.7%.
As per a recently published report, the reverse osmosis membrane market is anticipated to attain massive gains over the forecast period. Considering the surging trend of reverse osmosis membrane use, especially in the treatment of alternative water source, which includes wastewater recycling and desalination plants, the RO membrane-based wastewater and water treatment procedures are likely to observe huge demand in the coming years.
Specifically in areas with water scarcity, the provision of water, especially from seawater desalination source is highly becoming crucial. Surface water treatment potable water will however play a major role over the anticipated timeframe.
The rising demand for potable water is considered one of the chief factors propelling the demand for reverse osmosis membrane worldwide. The increasing population across the globe has further increased the demand for clean water consumption, one which is expected to subsequently boost the market growth. High growth application areas including RO purification systems and seawater desalination systems are likely to create new growth opportunities for the market globally. Moreover, strict mandates imposed by the governments for safe drinking water is likely to create humungous demand for reverse osmosis market worldwide. Rapid industrialization across the globe coupled with growth in infrastructure has further contributed towards water pollution. This is further anticipated to propel the market growth during the anticipated timeframe.
On the contrary, high cost of membrane is considered one of the chief concerns likely to slowdown the market growth over the anticipated timeframe. Despite such constraints, the development of hybrid as well as advanced membrane technology with low consumption of energy will experience high adoption among the consumers.
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Market Segmentation
The global market for reverse osmosis membrane has been segmented on the basis of material type, filter module, and application.
By material type, the global reverse osmosis membrane market is segmented into cellulose-based and thin film composite.
By filter module, the global reverse osmosis membrane market is segmented into tubular-shaped, plate & frame, hollow-fiber, and spiral-wound.
By application, the global reverse osmosis membrane market is segmented into RO purification system, desalination system, and medical devices & diagnostics.
Regional Analysis
Geographically, the global reverse osmosis membrane market spans across North America, Asia Pacific, Europe, and LAMEA.
Considering the global scenario, a growth in the demand for natural food preservation equipment in the APAC is expected in the coming years, mainly due to the increasing population along with the dearth of potable water.
North America is likely to emerge as a prominent region, mainly due to the rapid growth associated with the need to offer additional potable water to the nation's ever increasing population as well as to support agricultural needs, electricity utility needs, mining needs, and others.
Competitive Landscape
The prominent players involved in the global reverse osmosis membrane market are highly emphasizing on product launch to gain a strong foothold in the market. The players are also involved in acquisitions and partnerships to stand out in the market. The major companies involved in the market are LG Chem., Toray Industries, Inc., Toyobo Co., Ltd., Hydranautics (A Nitto Group Company), The Dow Chemical Company, Lanxess AG, Microdyn-Nadir GmbH, Koch Membrane System, Axeon Water Technologies, and Membranium (JSC RM Nanotech).
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Increasing Concerns Related to Water Scarcity to Propel Reverse Osmosis Membrane Market Growth
Reportocean.com have announced the addition of a new report titled "Global Reverse Osmosis Membrane Market and Forecast to 2025"