Global Reverse Osmosis Membrane Market Report and Forecast 2023-2028

Global Reverse Osmosis Membrane Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global reverse osmosis membrane market reached a value of USD 3.46 billion in 2022. Aided by the escalating demand for purified water and the expanding applications of reverse osmosis membranes in diverse sectors, the market is projected to further grow at a CAGR of 6.78% between 2023 and 2028 to reach a value of USD 5.15 billion by 2028.

Reverse osmosis membranes are specialised materials used in the purification of water, producing a high-quality result that is safe for human consumption and suitable for various applications. These membranes serve as the core of reverse osmosis systems, where they effectively remove dissolved salts, bacteria, and other contaminants. Aside from their water purification abilities, reverse osmosis membranes are recognised for their durability, reliability, and ability to handle a broad spectrum of feed water conditions, making them an invaluable asset in several industrial applications, including power generation, food and beverage, and pharmaceuticals.

The growing preference for high-quality, purified water is fuelling the global reverse osmosis membrane market growth. With the escalating awareness of the health benefits related to pure water consumption, there has been a notable shift towards purified water sources, generating a heightened demand for reverse osmosis membrane systems. Moreover, the increasing concerns over water scarcity and the rise of water reuse and recycling practices have further strengthened the demand for reverse osmosis membranes.

The burgeoning applications of reverse osmosis membranes in various industries also significantly contribute to the upward trajectory of the reverse osmosis membrane market. In the power generation sector, reverse osmosis membranes are used to purify water used in steam generation, ensuring the highest levels of system efficiency and longevity. The food and beverage industry employs these membranes for water and wastewater treatment, maintaining product safety and quality. In the pharmaceutical sector, they are crucial for the production of ultrapure water used in manufacturing processes and lab testing.

Furthermore, the growing demand for seawater desalination to augment freshwater supplies has accentuated the importance of reverse osmosis membranes, boosting the reverse osmosis membrane market demand. With the intensifying effects of climate change and the rising prevalence of water-stressed regions, desalination has emerged as a critical process, and reverse osmosis membranes, given their effectiveness in salt and other dissolved solids removal, have become integral to this operation.

The market is also impacted by advancements in membrane technology. The development of low-energy, high rejection membranes and the introduction of novel cleaning and maintenance techniques extend the operational life of the membranes and enhance system performance, factors that open up new opportunities for the reverse osmosis membrane market expansion.

Market Segmentation

The market can be divided based on material, filter module, application, and region.

Market Breakup by Material

• Cellulose Based
• Thin Film Composite

Market Breakup by Filter Module

• Plate and Frame
• Tubular-shaped
• Spiral Wound
• Hollow Fibre
• Others

Market Breakup by Application

• Desalination System
• RO Purification System
• Medical Devices and Diagnostics

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global reverse osmosis membrane companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• LG Chem, Ltd.
• SUEZ SA
• Toray Industries, Inc.
• AXEON Water Technologies.
• Nitto Denko Corporation
• Toyobo Co., Ltd.
• JSC RM Nanotech
• Koch Separation Systems, Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.