Aug 19, 2021, 08:18 EST
Shibuya-ku, Tokyo, Japan, Japan, Aug 19, 2021, 08:18 /Comserve / -- Reverse Osmosis Membrane Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
The market for reverse osmosis membrane is expected to grow at a CAGR of over 10% globally during the forecast period. Increasing demand for pure water and growing demand for the physical water treatment process is driving the market growth. A high price bar of membranes is expected to hinder the growth of the market studied.
- Reverse Osmosis Membrane market is expected to grow during the forecast period owing to the increasing application in the Industrial Sector.
- Asia-Pacific region dominated the market across the globe with the largest consumption from countries such as China, India, and Japan.
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Key Market Trends
Growing Application in Industrial Sector
- Reverse osmosis is a water purification process that uses a partially permeable membrane to remove ions, unwanted molecules and larger particles from drinking water. Reverse osmosis (RO) process uses a partially permeable membrane to remove unwanted molecules and larger particles from drinking water. The process is similar to other membrane technology applications.
- In pharmaceutical, chemical and food & beverage industries purified water plays an important role in the reaction mechanism where the use of reverse osmosis member technology plays a vital role.
- About 296 approved cold chain projects have been approved in India as in May 2019 with an estimated investment of about INR 8,219 crores (~USD 1.14 trillion) creating a major scope for the usage of reverse osmosis membrane for water purification.
- The industrial sector leads the utilization of reverse osmosis membranes with China, India, the United States, China, Germany, playing a major role in this market.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for reverse osmosis membranes during the forecast period. In countries like China, India, and Japan due to the growing need for pure water, the demand for reverse osmosis membrane technology has been increasing in the region.
- The largest producers of reverse osmosis membranes are located in the Asia-Pacific region. Some of the leading companies in the production of reverse osmosis membrane are BNKO Environmental Technology (Shanghai) Co., Ltd, Permionics Membranes Private Limited, Samco Technologies, Inc, NITTO DENKO CORPORATION, TORAY INDUSTRIES, INC.
- Thin-film composite membrane and cellulose-based membrane are two different types of membranes commonly used amongst which thin-film composite membrane has 99% efficiency in purifying water and thus is widely accepted.
- The traditional method of purifying water in this region with chemicals is being replaced with membrane technology with growing awareness in developing countries has created scope for this market.
- In developing countries like China, India and Japan, to reduce the usage of polluted water which acts as severe health hazard, many purification techniques are being adopted amongst which reverse osmosis is widely applied owing to its high efficiency in purifying water.
- In India, the average annual per capita drinking water availability in 2001 was 1,820 cubic metres and the government estimates that this may reduce to 1,341 cubic metres by 2025 and 1,140 cubic metres by 2050 increasing the scope for the application of these membranes in purifying salt water for drinking and other sanitary usage purposes in the region
- The aforementioned factors coupled with government support are contributing to the increasing demand for reverse osmosis membrane market during the forecast period.
The global reverse osmosis membrane market is partially fragmented with players accounting for a marginal share of the market. Few companies include are BNKO Environmental Technology (Shanghai) Co., Ltd, Permionics Membranes Private Limited, Samco Technologies, Inc, NITTO DENKO CORPORATION, TORAY INDUSTRIES, INC.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Increasing Demand for Pure Water
4.1.2 Growing Demand for Physical Water Treatment Process
4.2.1 High Price Bar of Membranes
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Membrane Type
5.1.1 Thin Film Composite
5.1.2 Cellulose Based
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.3.2 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.3.4 South America
220.127.116.11 Rest of South America
5.3.5 Middle-East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 South Africa
126.96.36.199 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Axeon Water Technologies
6.4.2 BNKO Environmental Technology (Shanghai) Co., Ltd
6.4.4 Koch Membrane Systems, Inc
6.4.5 NITTO DENKO CORPORATION
6.4.6 Permionics Membranes Private Limited
6.4.7 Samco Technologies, Inc
6.4.8 Synder Filtration, Inc
6.4.9 TORAY INDUSTRIES, INC.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Demand for Water Purification in Developing Countries
7.2 Other Opportunities
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