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Brine Concentration Technology Market by Type (High Energy Reverse Osmosis (HERO), Closed Circuit Desalination (CCD), Vertical Tube Falling Film (VTFF), Mechanical Vapour Compression (MVC), Others) by Distribution Channel (Coal-to-chemicals, Food & Beverage, Landfill/Leachate, Mining, Oil & Gas, Power, Pulp & Paper, Refining & Petrochemicals, Steel, Textile, Others)- Growth, Future Prospects And Competitive Analysis, 2016 - 2028

Brine Concentration Technology Market Analysis

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.

brine-concentration-technology-market

Global Brine Concentration Technology market is expected to witness CAGR of 4% during the forecast period. The revenue generated by the global Brine Concentration Technology market in 2021 was over USD 13,858 million and expected to generate revenue worth USD 18,411 million in 2028. The incremental growth opportunity offered by the global Brine Concentration Technology is estimated to be USD 115 billion between 2022 and 2028.     

Interesting Facts about Brine Concentration Technology Industry

Increasing Oil and Gas Activities Globally

Coal-to-chemicals, Food & Beverage, Landfill/Leachate, Mining, Oil & Gas, Power, Pulp & Paper, Refining & Petrochemicals, Steel, Textile and Others are major end-user industries of Brine Concentration Technology. The most significant driving factor in the Brine Concentration Technology Market is the increasing oil and gas activities globally. The oil and gas industry is still the most major energy source in countries worldwide. There has been a rise in oil and gas exploration and production activities, which is expected to boost this market and is projected to rise over the forecasted time.  

Environmental Issues Worldwide

Another major driving factor in this market is the rising concern over environmental issues worldwide. Many industries create and discharge brine water produced from different processes. Brine concentration technology is needed to treat and clean these water solutions before releasing them back into the environment. This is going to fuel the brine concentration technology market further. Businesses and industries are being forced to adopt brine concentration technologies to meet regulatory demands and stay popular among the general public. Some of the major technologies used in Brine Concentration Technology market included High Energy Reverse Osmosis (HERO), Closed Circuit Desalination (CCD), Vertical Tube Falling Film (VTFF), Mechanical Vapour Compression (MVC) and Others.

Government Initiatives

Governments globally have already or are in the process of making brine treatment mandatory. Many industries or plants that produced brine water and discharged it without proper treatment have been shut down or penalized over the last few years. Various governments are enacting new policies for the betterment of the environment, and industries that are failing to meet these requirements can be heavily fined or even forced to shut down. Governments in several different countries are also funding and supporting the adoption and development of brine concentration technology.  

High Cost of Installation

High costs involved in installing brine concentration technologies are considered a major restraining factor in this industry. It is very costly to initially install and maintain these brine concentration technologies, making it harder for newer and smaller players to enter this market. The brine concentration technology market requires high capital investments, and smaller businesses won't be able to enter or expand in the market easily.

Innovation is Key to Future Growth

Some of the most prominent players involved in global Brine Concentration Technology include 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. Over the last few years, there has been great innovation in the brine concentration technology market. New Closed-Circuit Desalination or CCD technology is a great opportunity for industries to reduce costs. The installation of CCD technologies allows industries to treat and reuse the water produced in their processes, reducing costs and water wastage.

Frequently asked questions about global Brine Concentration Technology industry

Likewise other industries, COVID 19 also taken a toll on Brine Concentration Technology market with around 9.13% decline in its revenue in 2020 as compare to 2019

Asia Pacific is the largest regional market with highest share in the total revenue generation of Brine Concentration Technology consumed in 2021

Ever increasing oil & gas activities around the world coupled with mounting environmental concerns

Oil & Gas segment dominated the Brine Concentration Technology market in 2021 with over 40% share

Vertical Tube Falling Film (VTFF) Brine Concentration Technology was the largest type of Brine Concentration Technology in 2021 with over 25% share

Brine Concentration Technology Market Scope

Report Attribute Details
Market Value in 2021 USD 13,858 million
Market Value in 2028 USD 18,411 million
CAGR 4% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Segments covered

Type

High Energy Reverse Osmosis (HERO)

Closed Circuit Desalination (CCD)

Vertical Tube Falling Film (VTFF)

Mechanical Vapour Compression (MVC)

Others

End-user

Coal-to-chemicals

Food & Beverage

Landfill/Leachate

Mining

Oil & Gas

Power

Pulp & Paper

Refining & Petrochemicals

Steel

Textile

Others

Major Players Analysed 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.
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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Feb 2022
Category:  Energy Utilities
Report ID:   60500
Report Format:   PDF
Pages:   138
Rating:    4.3 (12)
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