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Reverse Osmosis Membrane Market (Covid-19 update) 2020 | Deep Analysis of the Market with Top Key Players and Future Forecasts To 2025

05-05-2020 08:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Reverse Osmosis Membrane Market

Reverse Osmosis Membrane Market

The global reverse osmosis membrane market size was valued at $6.9 billion in 2017, and is estimated to reach $13.5 billion by 2025, registering a CAGR of 8.7% from 2018 to 2025. In 2017, the spiral-wound reverse osmosis membrane segment accounted for more than two-fifths share of the total reverse osmosis membrane market. There are two main material types of water treatment technology namely, thermal and membrane technology. The membrane technology includes microfiltration, ultrafiltration, nanofiltration, and reverse osmosis, among others. Reverse osmosis is a form of membrane separation, which uses pressure to force a solution through a membrane that retains the solute and allows the pure solvent to pass to the other side. Typically, this membrane is designed to allow only water to pass through while the solutes (for example, salt ions) are being separated. It is largely used for the desalination of seawater as it can separate dissolved solids, bacteria, viruses, and other selected dissolved substances. The reverse osmosis membrane is essentially non-porous, and it preferentially passes liquid and retains most of the solutes including ions. Reverse osmosis emerged along with electrodialysis as a new technology in the second half of the 20th century and became an alternative to commonly used techniques such as evaporation and distillation.

The reverse osmosis membrane offers a physical barrier, which effectively removes viruses, bacteria, solids, and other unnecessary molecules from water. Reverse osmosis membranes are currently used for desalination, disinfection, softening, and organic removal of waste materials from water. The benefits of reverse osmosis membrane filtration technologies include ease of operation and maintenance, larger life span, compliance with industry standards, and wide range of applications.

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The global reverse osmosis membrane market is witnessing a high growth rate. It is expected to be driven by rising global demand for hygienic drinking water and increasing global water crisis, owing to rising water pollution. Economic development and inclination toward eco-friendly technology have added to the demand for reverse osmosis membrane-based water treatment technologies.

North America is anticipated to account for the maximum share in the global reverse osmosis membrane market, owing to rise in need for potable water in the region.

However, increasing adoption of new purification technologies such as nanofiltration and ultrafiltration, is expected to act as a major restraint for the reverse osmosis membrane market.

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The report includes the global reverse osmosis membrane market segments based on material type, filter module, application, and region. On the basis of material type, the market is segmented into cellulose-based and thin film composite. According to the filter module, the market is classified into the plate & frame, tubular-shaped, spiral-wound, and hollow-fiber. On the basis of application, the market is divided into desalination system, RO purification system, and medical devices & diagnostics. Regional breakdown and deep analysis of each of the previously mentioned segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Players in the reverse osmosis membrane industry have adopted product launch as their key strategy to increase their reverse osmosis membrane market share and to remain competitive in the market. The leading players in the reverse osmosis membrane market have also focused on partnership and acquisition as their key strategies to gain significant share in the global market. The key players profiled in the report include, Toray Industries, Inc., LG Chem., Hydranautics (A Nitto Group Company), Toyobo Co., Ltd., Lanxess AG, The Dow Chemical Company, Koch Membrane System, Microdyn-Nadir GmbH, Membranium (JSC RM Nanotech), and Axeon Water Technologies.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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