Global Reverse Osmosis Membrane Market Projected to 5.5 Billion by 2020

Date: 2016-09-21

Global reverse osmosis (RO) membrane market is projected to reach USD 5.00 Billion by 2021, projected to grow at a CAGR of 15.75%, during 2015-2020.

Thin Film Composite Membranes: The largest material type in the RO membrane market 
A thin film composite or TFC is a reverse osmosis membrane composed of and manufactured as three layers bonded together. The two base layers of the asymmetric design have a thin skin and the third layer is of either polyamide or charged polysulfone deposited on the surface. Deteriorating water quality, rising health awareness, and growing adoption of diverse water purification technologies drive the TFC membranes market, globally.  The rapid growth is attributed to the increasing stringent regulatory enforcement for water quality, which often necessitates the use of membrane separation technologies.

Desalination Systems: The largest application market for RO membrane 
Desalination has become an appealing option that addresses dwindling fresh water supplies as countries seek solutions on how to tackle water scarcity caused by population growth, climate change, pollution, and industrial development. Increasing global water scarcity has opened up vast avenues for growth in the desalination systems market. A seismic increase in urbanization and economic growth, globally, has led to more than half the world facing water scarcity issues. In line with the rapid urbanization progress, the coastal areas are now also home to major industrial parks in many regions, which are encouraging them to use desalination systems for purifying sea water. The major benefit of desalination is that it can continue to deliver high-quality drinking water for consumption, even during periods of drought. It also provides an alternative source of water that will make our overall supply more diverse and less vulnerable to interruption.

Major players such as The Dow Chemical Company (U.S.), Nitto Denko Corporation (Hydranautics) (Japan), Toray Industries, Inc. (Japan), General Electric (U.S.), and Toyobo Co., Ltd. (Japan) have adopted development strategies such as expansions, agreements & collaborations, and new product development to achieve growth in the RO market.

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