Wastewater Reverse Osmosis Membrane Market Analysis, Size, Current Scenario and Future Prospects by 2028
The report "Wastewater Reverse Osmosis Membrane Market by Type (Cellulose Acetate, Thin Film Composite), Application (Residential, Commercial, Industrial), And Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2028", is projected to reach USD 1.6 billion by 2028, at a CAGR of 10.2% from USD 0.9 billion in 2023.
The major drivers for the wastewater reverse osmosis membrane market Stringent regulatory and sustainability mandates for protecting the environment, rapid decline of freshwater resources. Fouling in RO membranes is the major restraint in this market. Opportunities for the market include increasing demand for wastewater treatment due to rapid industrialisation and urbanisation.
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"Cellulose acetate segment is projected to be the third fastest CAGR by type, in terms of value, during the forecast period."
The global demand for effective water treatment solutions in the face of increasing water scarcity further propels the growth of cellulose acetate-type RO membranes. Their composition from natural cellulose sources aligns with the growing emphasis on environmentally sustainable solutions, appealing to industries and consumers alike. Advancements in manufacturing processes have made cellulose acetate membranes more cost-effective and efficient to produce, enhancing their competitiveness in the market. These membranes showcase excellent compatibility with diverse water sources, including municipal wastewater and seawater desalination, making them versatile and applicable in a range of applications.
"Industrial segment is projected to grow with the fastest CAGR by application, in terms of value, during the forecast period."
Industrial processes often generate wastewater laden with diverse contaminants, including heavy metals and chemicals, necessitating advanced treatment methods. RO membranes have gained prominence due to their ability to effectively remove a wide range of pollutants, providing a reliable and efficient solution for producing high-quality treated water. This is particularly crucial in industries where water recycling and reuse have become imperative for both environmental sustainability and cost-effectiveness. The scalability of RO systems allows for customization to meet the specific needs of different industrial applications, making them versatile and adaptable.
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"North America is expected to be the second largest growing market for wastewater reverse osmosis membrane during the forecast period, in terms of value."
North America will be the second-largest region in the wastewater reverse osmosis market in 2022. The shale gas boom has also led to a surge in wastewater from hydraulic fracturing, intensifying the demand for effective treatment methods, with RO being a preferred choice for its capability to handle complex industrial effluents. The growing awareness of water reuse and the circular economy further fuels the adoption of RO in North America, as industries recognize the economic and environmental benefits of treating and recycling wastewater for various industrial processes.
Wastewater Reverse Osmosis Membrane Market Key Players
New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the wastewater reverse osmosis market DuPont (US), Toray Industries, Inc. (Japan), Veolia (France), Alfa Laval (Sweden), LG Chem (South Korea), Hydranautics (US), KOCH Separation Solutions (US), Mann + Hummel Water & Fluid Solutions GmbH (Germany), Membranium (Russia), and Toyobo Co. Ltd (Japan) among others.
Toray Industries, Inc. is a leading integrated chemical industry group headquartered in Tokyo, Japan. The company operates in various business segments, namely, fibers & textile, performance chemicals, carbon fiber composite materials, environment & engineering, life science, and other services. The company provides water treatment membranes, water treatment systems, and water purifiers under its environment & engineering segment and provides RO membranes through a separate division called Toray Membrane. This division provides a wide product portfolio, which includes a full range of cross-linked polyamide composite membranes.
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 34)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 RO MEMBRANE MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 LIMITATIONS
1.8 INCLUSIONS & EXCLUSIONS
TABLE 1 RO MEMBRANE MARKET: INCLUSIONS & EXCLUSIONS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 39)
2.1 RESEARCH DATA
FIGURE 1 RO MEMBRANE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.3 LIST OF PRIMARY SOURCES
FIGURE 2 KEY DATA FROM PRIMARY SOURCES
2.1.3.1 Key industry insights
2.1.3.2 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 RO MEMBRANE MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 4 RO MEMBRANE MARKET: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 5 RO MEMBRANE MARKET: DATA TRIANGULATION
2.3.1 RO MEMBRANE MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
FIGURE 6 RO MEMBRANE MARKET ANALYSIS THROUGH SECONDARY SOURCES
FIGURE 7 RO MEMBRANE MARKET ANALYSIS
2.4 LIMITATIONS
2.5 ASSUMPTIONS
2.6 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
2.6.1 SUPPLY SIDE
2.6.2 DEMAND SIDE
2.6.3 INSIGHTS FROM KEY RESPONDENTS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY (Page No. - 49)
FIGURE 8 THIN FILM COMPOSITE MEMBRANE TO BE THE LARGER SEGMENT OF THE MARKET
FIGURE 9 WATER & WASTEWATER TREATMENT TO BE THE LARGER END-USE INDUSTRY OF RO MEMBRANES
FIGURE 10 APAC TO BE THE FASTEST-GROWING RO MEMBRANE MARKET
4 PREMIUM INSIGHTS (Page No. - 52)
4.1 ATTRACTIVE OPPORTUNITIES IN RO MEMBRANE MARKET
FIGURE 11 GROWING DEMAND FOR RO MEMBRANES IN EMERGING ECONOMIES TO DRIVE THE MARKET
4.2 RO MEMBRANE MARKET, BY TYPE
FIGURE 12 THIN FILM COMPOSITE MEMBRANE TO BE THE LARGER SEGMENT OF THE MARKET
4.3 RO MEMBRANE MARKET, BY END-USE INDUSTRY
FIGURE 13 WATER & WASTEWATER TREATMENT TO BE THE LARGER END-USE INDUSTRY OF RO MEMBRANES
4.4 RO MEMBRANE MARKET, BY MAJOR COUNTRIES
FIGURE 14 INDIA TO RECORD THE HIGHEST CAGR DURING THE FORECAST PERIOD
4.5 APAC RO MEMBRANE MARKET, BY TYPE AND COUNTRY, 2020
FIGURE 15 THIN FILM COMPOSITE SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES
5 MARKET OVERVIEW (Page No. - 55)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
Continued...