Reverse Osmosis (RO) Membrane Market to Rise at 15.75% CAGR to 2021 Driven by Increased Industrialization
PUNE, India, June 16, 2016 /PRNewswire/ --
The growth of reverse osmosis (RO) membrane market to 2021 is mainly driven by the increasing global demand for economical and efficient water treatment solutions while thin film composites (TFC) membrane is expected to witness high growth during the forecast period with Asia-Pacific to lead a global reverse osmosis (RO) membrane market.
Complete report on global reverse osmosis (ro) membrane spread across 198 pages, profiling 10 companies and supported with 123 tables and 39 figures is now available http://www.rnrmarketresearch.com/reverse-osmosis-membrane-market-by-material-type-cellulose-based-and-thin-film-composite-membrane-by-end-use-industry-application-desalination-system-ro-purification-and-medical-devices-diagnostics-and-by-st-to-2021-market-report.html .
The reverse osmosis membrane is projected to reach USD 5.00 billion by 2021, projected to register a CAGR of 15.75%, between 2016 and 2021. The major drivers of the RO membrane market include population growth, which drives the demand for fresh water, and increased industrialization, which results in more demand for processed water. The RO membrane market is expected to witness a lot of technological changes which will be reflected in the form of longer membrane life and lower replacement rate.
Owing to the implementation of stringent government regulations regarding water discharge from industries and setting up of water reuse and recycle plants across the region, the demand for TFC membranes is expected to witness high growth. Thin film composites have good flow rate per unit area, which allows high filtration performance in the RO purification process in various applications such as municipal water treatment and desalination. .
Asia-Pacific is estimated to be the fastest-growing market of RO membrane. The growth in the region can be attributed to the expansion of production capacity and high demand for end-use products. The high demand for RO membrane in the Asia-Pacific has prompted expansion activities by key players in this region, making it the fastest-growing regional market for RO membrane.
Water contamination is a serious issue in the Asia-Pacific region due to increased environmental deterioration, high soil erosion, occasional flood, and increase in pollution level, among other issues in China, India, and Japan. Hence, the availability of clean water has been reducing, and the demand for water treatment is increasing, in these areas. The RO membrane market in the region is also growing at a high rate due to the growing demand from end-use industries such as municipal water treatment, power generation, chemicals, oil & gas, and mining.
The report also provides company profiles and details the competitive strategies adopted by major market players such as The Dow Chemical Company (U.S.), Nitto Denko Corporation (Hydranautics) (Japan), to ray Industries, Inc. (Japan), General Electric (U.S.), and Toyobo Co., Ltd. (Japan). Order a copy of Reverse Osmosis Membrane Market by Material Type (Cellulose Based and Thin Film Composite Membrane), by End-Use Industry & Application (Desalination System, RO Purification and Medical Devices & Diagnostics), and by Region - Global Trends & Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=613297 .
In the process of determining and verifying, the global reverse osmosis membrane market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (46%), Tier 2 (31%) and Tier 3 (23%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (54%), Directors Level (31%) and others (15%) from various key organizations operating in the global reverse osmosis membrane market. The primary interviews were conducted worldwide covering regions such as North America (23%), Europe (31%), APAC (38%), and RoW (8%).
On a related note, another research on Geomembranes Market by Raw Material Global Forecast to 2020 says, the market is to hit a CAGR of 10.9% between 2015 and 2020 to reach a market size of USD 3.26 billion by 2020. Extrusion projected to be dominant manufacturing method for geomembranes during the forecast period. High density polyethylene projected to dominate the market during forecast period among other raw materials. Companies like Solmax International Inc., Agru America Inc., NAUE GmbH & Co. KG, GSE Environmental LLC and Officine Maccaferri SpA have been profiled in this 180 pages research report available at http://www.rnrmarketresearch.com/geomembranes-market-by-type-of-technology-extrusion-calendering-others-by-materials-hdpe-ldpe-epdm-pvc-pp-others-by-applications-waste-management-water-management-mining-tunnel-liner-market-report.html .
Explore more reports on Materials & Chemicals market at http://www.rnrmarketresearch.com/reports/materials-chemicals .
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