North America to Dominate Reverse Osmosis Membrane Market until 2025
According
to TechSci Research report, “Global Reverse Osmosis
Membrane Market By Material Type (Cellulose-Based and Thin Film Composite
Membranes), By Application (Desalination Systems, RO Purification Systems and
Medical Devices & Diagnostics), By Filter Module (Plate & Frame,
Tubular-Shaped Membranes, Spiral-Wound Membranes and Hollow-Fiber Membranes),
By Region, Competition, Forecast & Opportunities, 2025”, global
reverse osmosis membrane market is expected to grow at an impressive CAGR during
the forecast period. Enactment
of government rules and regulations regarding preservation of the quality of
water across the globe is one of the major factors accounting for the growth
of global reverse osmosis membrane market. Moreover, rising requirement for
desalination predominantly in water scarce regions worldwide is further
expected to bode well for the growth of global reverse osmosis membrane through
the forecast period. In addition to this, more and more people are getting
aware about water borne diseases worldwide, which in turn is positively
influencing the growth of global reverse osmosis membrane market in the years
to come. Also, need for ultrapure water in various industries such as food
& beverage, health care industries among others is making headway for the
growth of global reverse osmosis membrane market, globally. However, there are
some factors such as short life span of RO membrane and loss of essential
minerals from water that can act as major impediments to the growth of global
reverse osmosis membrane market through 2025.
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Global
reverse osmosis membrane market can be segmented based on material type,
application, filter module,
company and region. Considering the material type, the market
is fragmented into cellulose-based and thin film composite membranes. The thin
film composite membranes segment dominated the global reverse osmosis membrane
market in terms of value until 2019 and is further anticipated to lead the
market during the forecast years as well which can be accredited to their high
fluxes and salt rejections. Additionally, demand for the product is also high due
to their tolerance to wide range of pH and temperatures when compared to the
cellulose-based membrane, which is anticipated to drive the growth of the
segment in the coming years.
Toray
Industries, Inc., LG Chem, Hydranautics (A Nitto Denko Group Company), Dow
Water & Process Solutions, Toyobo Co., Ltd., LANXESS AG, Koch Membrane
Systems, Inc., GE Water & Process Technologies, Trisep Corporation,
Membranium (Rm Nanotech) among others are the leading players operating in
global reverse osmosis membrane market. The leading players are adopting several
growth strategies to enhance the market scenario of reverse osmosis membrane. Other
competitive strategies include mergers & acquisitions to diverse their
product portfolio in order to strengthen their market position. For instance,
after merger, DuPont Water Solutions became the global leader in sustainable
water separation and purification technologies to the food and pharmaceutical
industries.
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“North America is forecast to dominate the global reverse osmosis
membrane market during the next five years on the account high awareness about
water borne diseases among people. Moreover, wide use of RO systems by
industries in the region is also contribute to the growing trend. Furthermore, Asia-Pacific
is anticipated to register high growth through 2025 due to occasional floods, environmental
degradation, soil erosion and rise in pollution levels.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Reverse Osmosis Membrane Market By Global Reverse Osmosis Membrane Market, By Material
Type (Cellulose-Based and Thin Film Composite Membranes), By Application
(Desalination Systems, RO Purification Systems and Medical Devices &
Diagnostics), By Filter Module (Plate & Frame, Tubular-Shaped Membranes,
Spiral-Wound Membranes and Hollow-Fiber Membranes), By Region, Competition,
Forecast & Opportunities, 2025” has evaluated the future growth potential
of global reverse osmosis membrane market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global reverse osmosis membrane market.
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