Reverse Osmosis Membrane Market

Global Reverse Osmosis Membrane Market Size (2024 to 2029)

The global reverse osmosis membrane market is predicted to be valued at USD 3.77 billion in 2024 and USD 6.11 billion by 2029, growing at a CAGR of 10.14% from 2024 to 2029.

MARKET DRIVERS

The growing clean water scarcity worldwide is driving the growth of the reverse osmosis membrane market. Water covers 70% of the planet but only 3% of the world’s water is freshwater. According to a report by the World Wildlife Fund, an estimated 1 billion are lacking access to water worldwide and approximately 50% of the worldwide population will be facing water shortages by 2050. Factors such as population growth, climate change, and inefficient water management have made water scarcity a global challenge. The growing water scarcity has fuelled the demand for technologies such as reverse osmosis membranes. Such technologies can purify and desalinate water and then can be used for various purposes including drinking, industrial processes, and agriculture.

The growth of the reverse osmosis membrane market is majorly driven by the increasing demand for the reverse osmosis membrane in water and wastewater treatment. The growing shortage of water and the changing government regulations that require the treatment of industrial and municipal wastewater are further propelling the growth of the reverse osmosis membrane market. The rising need for industrial operations wastewater and development in emerging economies such as APAC, the Middle East and Africa, and Latin America are fuelling the growth rate of the global market. The rising popularity and growing adoption of the reverse osmosis membrane for various purposes are favoring the global market growth.

In addition, new-age technologies and innovations are happening in the market, creating opportunities for entrants in the reverse osmosis membrane market. The growing demand for pure drinking water and government initiatives towards drinking water and rules and regulations laid by the government towards wastewater treatment are further promoting the market growth. Governments of various nations are taking initiatives toward clean water due to the increasing global waterborne diseases. Also, the World Health Organization issued a guideline for the drinking water standards, which in turn increased awareness about the cleanliness and purity of water.

MARKET RESTRAINTS

High initial installation costs for reverse osmosis membrane is one of the major factors hampering the global market growth. High energy consumption by the reverse osmosis desalination plants, environmental concerns as reverse osmosis membranes contributes negatively to the marine environment with brine discharge affecting coastal ecosystems and competition from alternative water treatment technologies are further hindering the growth of the global market.

Impact of COVID-19 on the global reverse osmosis membrane market

Reverse osmosis membranes are applied in drinking water and municipal wastewater treatment applications and then used in household, commercial, and industrial applications. Restaurants, textiles, paper and pulp, energy, and other industries have been affected by the ongoing COVID-19 pandemic. During the lockdown period in 2020, the COVID-19 pandemic inhibited the progress of the water treatment sector. Disruption in the supply chain, alterations in consumer demands, and other drastic measures had to be faced by the industry. Owing to shutdowns or decreased activities, most of the significant water consumers lessened their use. Even during the crisis, there had been a fall in revenue and a cut in capital spending. Long-term investment budgeting to set up and manage, maintaining the necessary cleanliness at the workplaces, government budgetary supports, improved supply chain management, effective communication, a restart of manufacturing processes, and similar approaches are anticipated to augment revenue and maintain growth in the projected timeframe. A need for adequate proper sanitation has also been emphasized by COVID-19. Household water consumption has increased massively due to the pandemic, but industrial demand has dropped.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Reverse Osmosis Membrane Market By Material

Based on material, the thin-film composite segment held 61.9% of the global market share in 2023 and is projected to grow at a CAGR of 8.1% during the forecast period.

The growing demand for desalination plants, technological advancements, and expanding industrial water treatment are propelling the growth of the thin-film composite segment in the global market. The cellulose-based segment had a considerable share of the worldwide market in 2023 and is expected to grow at a CAGR of 6.4% during the forecast period owing to the growing focus on sustainable water treatment solutions and rising demand for reliable and affordable membranes.

Global Reverse Osmosis Membrane Market By Filter Module

Based on the filter module, the spiral wound membrane segment captured 41.8% of the global market share in 2023 and is expected to grow at a CAGR of 7.9% during the forecast period.

The growing demand for spiral wounds in water purification, desalination, and municipal water treatment is primarily propelling the growth of the spiral wound segment in the global market. The plate and frame segment held 26.7% of the global market share in 2023 and is estimated to witness a healthy CAGR during the forecast period.

Global Reverse Osmosis Membrane Market By Application

Based on application, the reverse osmosis purification system segment had 57.9% of the global market share in 2023 and is expected to register a promising CAGR during the forecast period owing to the rising popularity of reverse osmosis purification systems.

The desalination system segment is expected to grow at the highest CAGR during the forecast period.

REGIONAL ANALYSIS

The Asia Pacific region occupied 37.9% of the global market share in 2023 and is anticipated to grow at the highest CAGR during the forecast period.

The domination of the APAC market is majorly driven by the developing infrastructure for the market in the countries of Asia Pacific such as China, India, Japan, and South Korea, accounting for the increasing population in these countries. Factors such as water scarcity concerns, rapid urbanization, growing industrial development, and government initiatives are further fuelling the growth rate of the APAC market. China led the reverse osmosis membrane market in the Asia-Pacific region with 25% of the share in 2023. The Indian market is anticipated to showcase a CAGR of 10.2% during the forecast period.

North America occupied 26.3% of the global market share in 2023 and is expected to grow at a prominent CAGR during the forecast period.

The growing water purification needs, technological advancements, stringent water quality regulations, rising emphasis on clean water technologies, and innovation are propelling the reverse osmosis membrane market in North America. The U.S. had the largest share of the North American market in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2029.

The European market is anticipated to register a steady CAGR during the forecast period. On the other hand, South America, the Middle East, and Africa are predicted to grow at a stable growth rate during the forecast period.

KEY MARKET PLAYERS

Dupont Water Solutions, LG, Toyobo Co. Ltd., Keenen Technologies, General Electric, Dow Water Solutions, Axeon Water Technologies, Vontron Membranes, Samco Technologies, and Koch are some of the key players in the reverse osmosis membrane market. The race between the players in the market is moderately high due to the increasing innovation in the membranes and increasing demand for innovative and better products. Therefore, players in the reverse osmosis membrane market have also incorporated new product inventions as their key move to enhance their reverse osmosis membrane share and stay competitive in the market.

RECENT HAPPENINGS IN THE MARKET

• In January 2020, DuPont Water Technologies recently unveiled dry-tested marine water reverse osmosis components, providing for quite a seamless transition between wet to dry tests while somehow enhancing shelf life as well as storage versatility. Its objective is to produce longer working advantages while achieving membrane performance standards.
• In October 2020, Koch announced the partnership with Waste 3R Engineering & Solutions. The collaboration agreement will empower local Bangladesh markets to accomplish recycling and reuse by combining Koch's membrane systems and components with Waste 3R Engineering & Solution's strong local base and technical experience, which will enable service for the end-users more closely and efficiently.

DETAILED SEGMENTATION OF THE GLOBAL REVERSE OSMOSIS MEMBRANE MARKET INCLUDED IN THIS REPORT

This research report on the global reverse osmosis membrane market has been segmented and sub-segmented based on material, filter module, application, and region.

By Material

• Cellulose-Based
• Thin Film Composite

By Filter Module

• Plate and Frame
• Tubular Shape
• Spiral Wound
• Hollow Fiber

By Application

• Desalination System
• Reverse Osmosis Purification System

By Region

• North America
• Asia Pacific
• Europe
• South America
• The Middle East and Africa