Wastewater Reverse Osmosis Membrane Companies - Toray Industries, Inc. (Japan) and LG Chem (South Korea) are Leading Players in the Wastewater Reverse Osmosis Membrane Market
The wastewater reverse osmosis membrane market is projected to reach USD 1.6 billion by 2028, at a CAGR of 9.9% from USD 0.9 billion in 2023. The growth of the global wastewater reverse osmosis membrane market is driven by increasing demand for wastewater treatment. The declining freshwater resource and the government regulations for treatment of industrial and municipal wastewater are also driving the wastewater reverse osmosis membrane market.
Wastewater Reverse Osmosis Membrane Companies
The key global players in the wastewater reverse osmosis membrane market are DuPont (US), Toray Industries, Inc. (Japan), Veolia (France), Alfa Laval (Sweden), LG Chem (South Korea), Hydranautics (US), KOCH Separation Solutions (US), Mann + Hummel Water & Fluid Solutions GmbH (Germany), Membranium (Russia), and Toyobo Co. Ltd (Japan) among others. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
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Toray Industries, Inc
Toray Industries, Inc. is a leading integrated chemical industry group headquartered in Tokyo, Japan. The company operates in various business segments, namely, fibers & textile, performance chemicals, carbon fiber composite materials, environment & engineering, life science, and other services. The company provides water treatment membranes, water treatment systems, and water purifiers under its environment & engineering segment and provides RO membranes through a separate division called Toray Membrane. This division provides a wide product portfolio, which includes a full range of cross-linked polyamide composite membranes.
In July 2022, Toray Industries, Inc. significantly enhanced its wastewater treatment facility in China, located in Baoding, Hebei Province. This state-of-the-art plant, among the largest in the country, specializes in producing hollow fiber membrane modules. With a daily treatment capacity of 315,000 cubic meters, the advanced facility has enabled the company to deliver cutting-edge technology and superior water treatment membrane products.
LG Chem
LG Chem is one of the largest chemical companies in South Korea. The group is engaged in petrochemicals, energy solutions, advanced material business, and life science business. The company offers RO membranes under its advanced material business. The company covers broad spectrum of applications, ranging from industrial water treatment to residential water purification systems. The company's RO membranes are designed to deliver high-performance filtration, ensuring the removal of impurities, contaminants, and salts from water, thereby producing clean and potable water. LG Chem has NanoH2O RO membrane product line, which has a wide range of products for desalination, industrial wastewater treatment, water-reuse, potable water, and others. This product range caters to the needs of various customers.
In July 2023, The company has invested USD 100 million in Cheongju RO membrane plant. This expansion will double the water treatment business of company within 5 years and will help in strengthen their position as global leader in ro membrane.
Related Reports:
Wastewater Reverse Osmosis Membrane Market by Type (Cellulose Acetate, Thin Film Composite), Application (Residential,Commercial, Industrial), And Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2028
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