$21.1 Bn Brine Concentration Technology (BCT) Markets: Calcium Chloride, Sodium Chloride, Zinc Calcium Bromide, Cesium Formate

Global Brine Concentration Technology Market

Dublin, May 18, 2023 (GLOBE NEWSWIRE) -- The "Brine Concentration Technology (BCT) Market by Type (Calcium chloride, Sodium chloride, Zinc calcium bromide, Cesium formate), Technology (High energy reverse osmosis, Mechanical vapor compression), Application, and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The brine concentration technology market is projected to reach USD 21.1 billion in 2027 at a CAGR of 6.0%

The increasing use of brine concentration technology in processing different chemicals drives the market. In addition, the mining industry produces a huge amount of wastewater that needs proper treatment before disposal to reduce the environmental impact.

Brine concentration technology is used to treat wastewater and extract any valuable metals and dissolved solids from the wastewater, thus reducing the waste generated.

Mechanical vapor compression technology accounts for the second-largest market share in 2022

Mechanical vapor compression technology is used for a wide range of processes like desalination, ethanol production, chemical processing, and refrigeration, among others. The advantage of using this technology is its efficiency and low operating cost. It can be used to separate a wide range of solvents, making it versatile.

In addition, it has a minimal environmental impact since it does not require any solvent or chemicals and hence does not produce any waste or emission. Companies such as Veolia Water Technologies and IDE Technologies are using this technology, increasing market demand.

Sodium chloride is expected to be the second-fastest growing type for brine concentration technology market during the forecast period, in terms of value

Sodium chloride is used in various processes, including food seasoning, water softening, de-icing, and chemical production. It is also used in the medical industry for intravenous injections, animal nutrition, and oil and gas drilling. It has its uses in the textile and tanning industry and is used for making fertilizers. These are the driving factors for the growing demand.

Based on region, Asia Pacific was the largest market for brine concentration technology in 2022, in terms of value

Asia Pacific was the largest market for global brine concentration technology, in terms of value, in 2021. The market in Asia Pacific is driven by innovation, namely industrial expansion and technological developments, along with the increasing environmental impact and water scarcity in the region. The improving global economy is expected to boost market growth.

China is a dominant market player in the Asia Pacific for the brine concentration technology market. However, the high use of brine concentration technology in various regional end-use industries will make the Indian market witness high growth during the forecast period.

Competitive landscape

The key players in this market Veolia Water Technologies( France), Evoqua Water Technologies(US), H2O Innovations (Canada), Aquatech International LLC(US),Koch Separation Solutions(US), Aquachem (US), IDE Technologies(Israel),Saltworks Technologies (Canada), Samco Technologies (US), Gradiant (US).

Key Attributes:

Report Attribute

Details

No. of Pages

210

Forecast Period

2022 - 2027

Estimated Market Value (USD) in 2022

$15.8 Billion

Forecasted Market Value (USD) by 2027

$21.1 Billion

Compound Annual Growth Rate

6.0%

Regions Covered

Global

Premium Insights

Increasing Demand from Various Applications to Drive Market

Mining to be Largest Application of Brine Concentration Technology Market in 2022

Vertical Tube Falling Film to be Fastest Growing Technology During Forecast Period

Asia-Pacific be Largest Brine Concentration Technology Market in 2022

Calcium Chloride to be Largest Segment During Forecast Period

Company Profiles

Key Players

Veolia Water Technologies

Evoqua Water Technologies

H2O Innovations

Koch Separation Solutions

Aquatech International LLC

Aquachem

Ide Technologies

Saltworks Technologies

Samco Technologies

Gradiant

Other Players

Lenntech

Duraflow LLC

Modern Water plc

Memsys Water Technologies

Enviro Water Minerals

Atlantis Technologies

Osmo Membrane Systems

Advent Envirocare Technology

Synder Filtration

Fluid Technology Solutions

Market Dynamics

Drivers

Need for Zero Liquid Discharge

Growing Use of Desalination

Restraints

High Cost of Brine Concentration Technology

Opportunities

Chemical and Salt Production

Government Initiatives for Sustainable Development

Challenges

High Power Consumption

Industry Trends

Input Suppliers

Anti-Scaling Agents

Coagulants and Flocculants

Ph Adjuster

Corrosion Inhibitors

Equipment Manufacturers

Evaporators

Heat Exchangers

Condensers

Pumps

Controls and Instrumentation

Storage Tanks

Filtration System

Heat Sources

Technology Providers

Service Providers

End-Users

Distribution and Logistics

For more information about this report visit https://www.researchandmarkets.com/r/xgqe4l

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Attachment

Global Brine Concentration Technology Market