Lucintel’s latest market report analyzed that forward osmosis provides attractive opportunities in the fertigation, emergency water supply, highly saline wastes, and direct wastewater treatment applications. The forward osmosis market is expected to reach $1,264.2 million by 2028 with a CAGR of 9.5%. In this market, cellulose acetate is the largest segment by membrane materials, whereas fertigation is largest by application.
Based on membrane materials, the forward osmosis market is segmented into cellulose acetate, polysulfone, polybenzimidazole, and others. The cellulose acetate segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to owing to its benefits like good mechanical strength and easy availability of its membrane components.
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The Forward Osmosis Market is marked by the presence of several big and small players. Some of the prominent players offering forward osmosis include Acciona SA, Biwater, Cadagua, Degremont, General Electric Company, Genesis Water Technologies, Hyflux, IDE Technologies, and Koch Membrane System.
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