A fresh report titled “Reverse Osmosis (RO) Membrane Market” has been presented by ReportsnReports. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market.
The Global Reverse Osmosis (RO) Membrane Market size is estimated to be USD 2.6 Billion in 2019 and is projected to reach USD 5.2 Billion by 2024, at a CAGR of 11.7% from 2024.
Browse 142 Market Data Tables and 43 Figures spread through 213 Pages and in-depth TOC on “Reverse Osmosis (RO) Membrane Market Research Report” https://www.reportsnreports.com/contacts/requestsample.aspx?name=594391
Top Companies profiled in the Reverse Osmosis (RO) Membrane Market:
- Toray (Japan)
- Dow Water & Process Solutions (US)
- Hydranautics (US)
- Lanxess (Germany)
- Koch Membrane System (US)
- Toyobo (Japan)
- LG Chem (South Korea)
The thin film composite membrane segment accounted for the largest share of the RO membrane market in 2018, and it is estimated to be the fastest-growing material type segment. The growth is associated with the high tolerance of thin film composite membrane to wide operating pH and temperature compared to the cellulose-based membrane. The major breakthroughs in technologies used for manufacturing thin film composite membranes are driving the market.
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The Middle East & North Africa region accounted for the largest share of the RO membrane market in 2018. This is due to the high demand for seawater desalination, particularly in Saudi Arabia, that produces 20% of the world’s desalinated water. Moreover, approximately 70% of the world’s desalination plants are located in the Middle East. The desalination capacities in Middle East & North Africa are anticipated to rise with supporting government initiatives in the GCC.
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Breakdown of primary participants’ profile:
- By Company Type: Tier 1 – 67%, Tier 22%, and Tier 11%
- By Designation: C-Level – 11%, D Level-16% , Others 73%
- By Region: North America – 20%, Europe – 12%,Asia Pacific- 45%, South America – 2%,Middle East & Africa – 21%
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