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(IT-NEWSWIRE.COM, September 06, 2021 ) The global Reverse Osmosis Membrane Market size is projected to reach USD 5.0 billion by 2026 from USD 3.1 billion in 2021, at a CAGR of 10.0% during the forecast period. The increasing demand for RO membrane in water & wastewater treatment is driving the market. In addition, increasing water scarcity and evolving government regulations mandating treatment of industrial and municipal wastewater are also driving the RO membrane market.
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The increase in demand for industrial process waterand growth in urbanization in the emerging economies,such as APAC, Middle East & Africa, and South America, are also driving the market. The key players in the RO membranemarket includeDuPont Water Solutions (US),Toray Industries (Japan), Suez Water Technologies and Solutions (US)France), Hydranautics (US), LG Chem (South Korea), Koch (US), Mann Hummel Water & Fluid Solutions (Germany), Membranium (Russia), and Toyobo Co. Ltd. (Japan).The RO membranemarket reportanalyzes the key growth strategies, such as new product launches, investments &expansions, joint ventures, agreements, collaborations, and mergers & acquisitions adopted by the leading market players between 2019and 2021.
DuPont Water Solutions (US) has gained a strong foothold in the RO membrane market. The company has a strong product portfolio for RO membrane. The company operates through its multiple production sites and has extensive R&D infrastructure, which helps the company attain economies of scale. The company focuses on both organic and inorganic growth strategies, with a stronger emphasis on investment & expansion, new product launch, merger & acquisition and agreement and collaboration which helped it to become market leader in competitive environment of RO Membrane market. In January 2020, the companylaunched dry-tested seawater reverse osmosis elements which will enable transition from wet to dry testing and increase shelf life and flexibility for storage. It aims to exceed membrane performance standards and achieve long-term operational benefits.
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Hydranautics (US)is another major player operating in the market. The company has a strong global presence and offers a wide range of innovative RO membranes.The company focuses on organic growth strategies for strengthening its market positionfor increasing its geographical footprints and strengthen product portfolio and hence, widening its presence in various regions such as APAC and North America and increasing its revenue. New product launch is the key strategy adopted by the company to sustain in highly growing reverse osmosis membrane market. In October 2019, the company launched new specialty membrane named PRO SERIES. The product is available in five different range with distinct features such as high chemical tolerance, high fouling resistance, extra ion selectivity, ability to handle high feed pressure. The PRO-series is combination of RO-NF membrane solutions for treating industrial wastewater. This development helped the company increase its reach and presence further in the industrial sector.
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