The Global Brine Concentration Technology Market generated revenue of around USD 13,858 million in 2021 and is anticipated to grow a CAGR of over 4% during the forecast period from 2021 to 2028 to reach around USD 18,411 million in 2028. While, cumulative growth opportunity presented by the global Brine Concentration Technology is around USD 115 billion during 2022 to 2028.
Global Brine Concentration Technology Market, 2021 – 2028 (USD Million)
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Brines are liquid solutions that are produced as waste through different industrial processes. It is produced in oil and gas fracturing, exploration, wastewater or seawater recycling, and the desalination of saline water. Brines are highly concentrated saltwater solutions and usually contain different salts like silica, sodium, calcium sulphate, and calcium chloride.
Brine concentration technology involves treating brine solutions as environmentally friendly as possible before discharge. The brine needs to be treated, and all the harmful salts need to be removed before being let out back into the environment.
Vertical Tube Falling Film (VTFF) Brine Concentration Technology to Grow at Rapid Pace
High Energy Reverse Osmosis (HERO), Closed Circuit Desalination (CCD), Vertical Tube Falling Film (VTFF), Mechanical Vapour Compression (MVC) and Others are some of the important types of Brine Concentration Technology used across different industries. However, Vertical Tube Falling Film (VTFF) Brine Concentration Technology is growing in demand from end-users. While, Closed Circuit Desalination (CCD) segment also held significant share in total revenue generation with 25% in 2021. High Energy Reverse Osmosis (HERO) segment is also increasing at rapid pace. Growing environmental concern is resulting into increasing demand for Brine Concentration Technology.
Oil & Gas to Grow at Rapid Pace
Coal-to-chemicals, Food & Beverage, Landfill/Leachate, Mining, Oil & Gas, Power, Pulp & Paper, Refining & Petrochemicals, Steel, Textile and Others are major end-users for the global Brine Concentration Technology industry. Ever increasing oil & gas activities around the world is mainly driving the demand for Brine Concentration Technology. Secondly, government initiatives to promote and encourage installation of Brine Concentration Technology around the globe is also fueling the demand for Brine Concentration Technology. Refining & Petrochemicals and Coal-to-chemicals are also poised to play very important role in growth of Brine Concentration Technology market in the years toc come.
However, high installation cost and COVID 19 consequences are likely to affect the growth of Brine Concentration Technology in the years to come.
Asia Pacific is Leading Brine Concentration Technology Demand
Asia Pacific is leading the Brine Concentration Technology industry with over 30% share in 2021. Presence of large number if industries, strong growth of oil & gas industry in the region is mainly driving the demand for Brine Concentration Technology.
Major players operating in the Advent Envirocare Technology Pvt. Ltd., Memsys Water Technologies GmbH, Enviro Water Minerals Company Inc., Oasys Water, TETRA Technologies, Inc., Fluid Technology Solutions, Inc., Osmo Membrane Systems GmbH, Saltworks Technologies Inc., Duraflow LLC., Veolia, industry include but not limited to Advent Envirocare Technology Pvt. Ltd., Memsys Water Technologies GmbH, Enviro Water Minerals Company Inc., Oasys Water, TETRA Technologies, Inc., Fluid Technology Solutions, Inc., Osmo Membrane Systems GmbH, Saltworks Technologies Inc., Duraflow LLC., Veolia, etc. Global Brine Concentration Technology market is characterized by the presence of large number of manufacturers across the world. Increasing production capacity in order to achieve economies of scale and growing in market share is primary focus of the industry participants.
Market Segmentation
Global Brine Concentration Technology Market by Type, 2016 – 2028
- High Energy Reverse Osmosis (HERO)
- Closed Circuit Desalination (CCD)
- Vertical Tube Falling Film (VTFF)
- Mechanical Vapour Compression (MVC)
- Others
Global Brine Concentration Technology Market by Distribution Channel, 2016 – 2028
- Coal-to-chemicals
- Food & Beverage
- Landfill/Leachate
- Mining
- Oil & Gas
- Power
- Pulp & Paper
- Refining & Petrochemicals
- Steel
- Textile
- Others
Global Brine Concentration Technology Market by Company, 2016 – 2028
- Advent Envirocare Technology Pvt. Ltd.
- Memsys Water Technologies GmbH
- Enviro Water Minerals Company Inc.
- Oasys Water
- TETRA Technologies, Inc.
- Fluid Technology Solutions, Inc.
- Osmo Membrane Systems GmbH
- Saltworks Technologies Inc.
- Duraflow LLC.
- Veolia
- Others
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