- The key vendors in the Global RO Membrane Market 2015-2019 are The Dow Chemical Company, Koch Membrane Systems, Nitto Denko Corp and Toray Industries, Inc.
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global RO Membrane Market 2015-2019. Increases in governmental initiatives are one of the major trends upcoming in the market. Countries worldwide have initiated programs such as the Water Management Action Plan (2009) and the Environmental and Resource Efficiency Plan in Australia (2008), The Special Plan for Seawater utilization in China (2005) and the US Clean Water Act (1972, Amendment 1987). The overall market is expected to grow at a CAGR of 7.3 percent during the forecast period of 2014-2019.
RO is currently the most significant technology used in desalination apart from other applications such as cleaning the boiler feed water in power generation plants and military use of producing potable water from nearly any source. The RO Membrane market is expected to grow at an encouraging rate during the forecast period driven by the growing demand for cheap and efficient water treatment and desalination processes such as RO.
“The increased demand for clean water in developing countries is one of the main reasons for the increase in demand for water treatment processes,” says Faisal Ghaus, Vice President of Technavio Research.
“Also, rapid industrialization in developing countries such as India has led to an increase in demand for clean water from the Pharmaceuticals, Power Generation, and Mining industries.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
