GLOBAL REVERSE OSMOSIS MEMBRANE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Reverse Osmosis Membrane Market Size and Trends

Global reverse osmosis membrane market is estimated to be valued at USD 4.14 Bn in 2024 and is expected to reach USD 8.11 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.1% from 2024 to 2031.

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The demand for reverse osmosis membrane is expected to grow steadily during the forecast period. Rising consumption of treated water for various end-use industries such as municipal, industrial and others is expected to drive the market growth. In municipal applications, growing concerns regarding clean drinking water and wastewater recycling is anticipated to boost the installation of desalination plants using reverse osmosis membrane technology. Strict regulations regarding wastewater discharge from industrial facilities is likely to drive the market growth. The emergence of innovative low-pressure reverse osmosis membranes with improved flux rates and lower energy requirements compared to conventional membranes is expected to provide new growth opportunities over the next years.

Increasing global water scarcity issues

Increasing global water scarcity issues have become one of the major drivers for the reverse osmosis membrane market in recent times. Access to safe drinking water has become a huge challenge around the world, affecting millions of people every year. Several parts across the world are facing acute water shortages due to factors like increasing population, rapid urbanization, and depletion of fresh water resources and changing climate patterns. According to the United Nations, by 2025, around 1.8 billion people will be living in countries or regions with absolute water scarcity, and two-thirds of the world's population could be under water-stressed conditions. This has compelled various countries and municipal bodies to focus heavily on effective wastewater treatment and water reuse in order to deal with the shortages. Reverse osmosis membrane technology has emerged as a viable solution to treat wastewater for non-potable reuse applications like industrial processes, irrigation, cooling, cleaning and more. It offers immense potential to help ease stress on freshwater resources by maximizing water reuse. Many island nations and water-scarce regions plagued with limited natural freshwater endowments are majorly dependent on desalination through reverse osmosis technology to fulfill their water demand. The technology has also found increased acceptance for brackish water and sea water desalination in coastal cities and arid areas.

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Regulatory bodies across many countries have been gradually tightening environmental discharge norms while also offering policy incentives for water reuse and recycling initiatives. This acts as key driver propelling the demand for reverse osmosis membrane technology in the municipal and industrial wastewater treatment domains.