New York, July 2022: Axiom Market Research & Consulting™ added a report on Forward Osmosis Market which includes study on membrane materials, application and geography. Forward Osmosis Market was projected to grow at a CAGR of 7.45% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Thousand) generated by the Forward Osmosis Market
The factors such as rising industrial advancements along with growing population in the entire world which in combination with huge growth in the manufacturing sector is responsible to the rise in demand for consumable water Thus, this has resulted in consideration for different water treatment technologies to be used so as to help facilitate availability of consumable water. Forward osmosis is a very efficient propelled water management technology which helps to permit the extraction of consumable water from underground sources as well as from the sea. The municipal area is also taken into consideration as well as for this purpose. The governments across the globe are very particular when it comes to supply of consumable water towards the citizens. Therefore, there are very strict regulations involving the processes related to water treatment.
The report analyses the Forward Osmosis Market based on the membrane materials, application and geography. The market is studied for various membrane materials including, cellulose acetate, polysulfone, polybenzimidazole, and cellulose triacetate. The forward osmosis has its application in, fertigation, emergency water supply, highly saline wastes, and direct wastewater treatment. Geographically, the Forward Osmosis Market is studied for the regions including North America, Europe, Asia Pacific and Rest of the World.
The cellulose acetate based membrane was is a very commercially utilized forward osmosis membrane product and it is produced on a wider scale. It is sold by the organization Hydration Technology Innovations. Along with this aspect, additional advantages of cellulose acetate based membrane are the key aspects like good mechanical strength, and also easy availability of its membrane components.
The major factor propelling the market growth are increasing scarcity of water across the globe and rising initiatives taken by emerging economies through the replenishment and programs. Also, government initiatives for optimum use of water resources in agriculture and further support for adopting feritgation in form of subsidies is expected to provide the market with new growth avenue over the forecast period.
North America is likely to lead in the forward osmosis technology market during the forecast period (2022-2028). The region is likely to have growth in forward osmosis technology market rapid pace with increased awareness with respect to the treatment of waste water management and further improvement of availability of clean purified water access has enhanced the market demand. United States and Canada are the leading markets in this region contributing a major part to the growing demand.
The key players in the Forward Osmosis Market are IDE Technologies Ltd. (Australia), Koch Membrane Systems (US), Sterlitech (US), Aquaporin A/S (Denmark), Aromatec Pte Ltd (Singapore), Blue-tec (Netherlands), CNM Technologies (Germany), Condorchem Envitech (Spain), Darco Water Technologies Limited (Singapore), Voltek water (US), Triqua international (Netherlands), Trevi system (US), Pure Water Enterprises Pvt. Ltd (India), Linntech (Netherlands), Fluid Technology Solution (US), GreenPebble Technologies (India), Forward Water Technologies Corp (Canada), Osmatic Engineering Group (Londoan), among others.
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