Global Reverse Osmosis (RO) Membrane market report 2024, Forecast To 2033

The reverse osmosis (RO) membrane market size has experienced strong growth, increasing from$6.21 billion in 2023 to$6.83 billion in 2024, with a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to water scarcity concerns, industrial applications, stringent environmental regulations, growing population and urbanization, desalination projects, and awareness of water purity. Looking forward, the reverse osmosis (RO) membrane market is expected to see strong growth, reaching$9.87 billion in 2028, with a compound annual growth rate (CAGR) of 9.6%. This growth in the forecast period can be attributed to advancements in material science, increasing focus on sustainable solutions, water reuse and recycling, expansion of desalination projects, smart water management solutions, and global infrastructure development. Major trends in the forecast period include focus on seawater desalination, integration of Internet of Things (IoT) for monitoring, customization for specific water quality challenges, adoption of spiral-wound membrane configurations, and focus on sustainable and eco-friendly membrane solutions.