Overview and Scope
Brine concentration technology refers to a process that purifies brine by removing hazardous salts from the water. The purpose of brine concentration technology is to create a sustainable method of extracting compounds from brine through the use of thermal-based brine crystallizers, reverse osmosis, and electrodialysis.
Sizing and Forecast
The brine concentration technology (bct) market size has grown strongly in recent years. It will grow from $13.98 billion in 2023 to $14.83 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to food preservation methods, salt extraction and production, traditional methods for salting and pickling, marine and aquaculture industry growth, historical importance in chemical industry.
The brine concentration technology (bct) market size is expected to see strong growth in the next few years. It will grow to $18.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to shift towards sustainable solutions, globalization and market expansion, increase in aquaculture and seafood industry, focus on resource optimization, shift towards natural preservation. Major trends in the forecast period include hybrid technologies and processes, circular economy approach, focus on food quality and nutrient retention, customization and tailored solutions, carbon footprint reduction.
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Segmentation & Regional Insights
The brine concentration technology (bct) market covered in this report is segmented –
1) By Technology: High Energy Reverse Osmosis, Mechanical Vapor Compression, Closed Circuit Desalination, Vertical Tube Falling Film, Other Technologies
2) By Type: Calcium Chloride, Sodium Chloride, Zinc Calcium Bromide, Cesium Formate, Potassium Chloride, Other Types
3) By End User: Coal To Chemicals, Food And Beverage, Mining, Oil And Gas, Pulp And Paper, Steel, Power, Textile, Refining And Petrochemicals, Other End Users
Asia-Pacific was the largest region in the brine concentration technology (BCT) market in 2023. The regions covered in the brine concentration technology (bct) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increase in demand for energy is expected to propel the growth of the brine concentration technology (BCT) market going forward. BCT can be used to concentrate brine streams from desalination plants, which can then be used to generate electricity using a technology called pressure retarded osmosis (PRO). For instance, in April 2023, according to a report published by the Energy Information Administration, a US-based government agency, the United States is projected to experience a growth in energy consumption across all forms, with an anticipated increase ranging from 0% to 15% from 2022 to 2050. Specifically, within the industrial sector, energy consumption is expected to rise by approximately 5% to 32% during the same period. In 2022, households in the U.S. residential sector purchased 5.1 quadrillion British thermal units (quads) of electricity, and residential consumption of purchased electricity is forecasted to increase by approximately 14% to 22% between 2022 and 2050 in all scenarios, reaching a range of 5.9 quads to 6.3 quads. Therefore, increased demand for energy is driving the growth of the brine concentration technology (BCT) market.
Key Industry Players
Major companies operating in the brine concentration technology (BCT) market report are Veolia Environnement S.A., Dow Inc., DuPont de Nemours Inc., SUEZ Group, Tetra Technologies Inc., Pall Corporation, Evoqua Water Technologies Corp, Hyflux Ltd., H2O Innovations Inc., Aquatech International LLC, IDE Technologies Ltd., Koch Separation Solutions Inc., Saltworks Technologies Inc., Synder Filtration Inc., Samco Technologies Inc., AquaChem Inc., Gradiant India Pvt Ltd., Oasys Water Inc., Lenntech B.V., AquaChemie Chemicals Trading LLC, Advent Envirocare Technology Pvt. Ltd., Duraflow LLC, Rosenblad Design Group Inc., Modern Water PLC, Enviro Water Minerals Company Inc.
The brine concentration technology (bct) market report table of contents includes:
1. Executive Summary
2. Brine Concentration Technology (BCT) Market Characteristics
3. Brine Concentration Technology (BCT) Market Trends And Strategies
4. Brine Concentration Technology (BCT) Market – Macro Economic Scenario
5. Global Brine Concentration Technology (BCT) Market Size and Growth
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31. Brine Concentration Technology (BCT) Market Other Major And Innovative Companies
32. Global Brine Concentration Technology (BCT) Market Competitive Benchmarking
33. Global Brine Concentration Technology (BCT) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Brine Concentration Technology (BCT) Market
35. Brine Concentration Technology (BCT) Market Future Outlook and Potential Analysis
36.Appendix
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