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 observed in the historical period can be credited to several factors, including advancements in food preservation techniques, the development of methods for salt extraction and production, utilization of traditional salting and pickling methods, expansion within the marine and aquaculture industries, as well as the historical significance of salt in the 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 anticipated growth in the forecasted period can be linked to several factors, notably the movement towards sustainable solutions, the global expansion and increased market penetration, the rise in aquaculture and the seafood industry, a heightened focus on resource efficiency, and a shift towards natural preservation methods. Key trends expected in this forecasted period encompass the adoption of hybrid technologies and processes, embracing a circular economy approach, an increased emphasis on food quality and the retention of nutrients, the demand for customized and tailored solutions, and a concerted effort towards reducing carbon footprints within the industry.
The anticipated increase in energy demand is poised to be a significant driver for the growth of the brine concentration technology (BCT) market. BCT plays a crucial role in concentrating brine streams from desalination plants, with the potential to generate electricity through pressure retarded osmosis (PRO) technology. As of April 2023, a report from the Energy Information Administration, a US-based government agency, forecasts a growth in energy consumption across all forms in the United States. The overall anticipated increase ranges 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 US residential sector purchased 5.1 quadrillion British thermal units (quads) of electricity, and residential consumption of purchased electricity is projected to increase by approximately 14% to 22% between 2022 and 2050. This growth, reaching a range of 5.9 quads to 6.3 quads, underscores the role of increased energy demand in driving the growth of the brine concentration technology (BCT) market.
The escalating impact of climate change is set to further propel the growth of the brine concentration technology (BCT) market. Climate change, characterized by long-term alterations in the Earth's climate, has far-reaching consequences, including changes in temperature, precipitation, and water availability. The increasing impacts of climate change, leading to heightened water scarcity and altered precipitation patterns, create a growing demand for sustainable water solutions. BCT becomes crucial in this context for efficient water resource management. As of October 2023, a report from the World Health Organization (WHO), a Switzerland-based intergovernmental organization, highlights that approximately 3.6 billion individuals reside in regions highly vulnerable to the impacts of climate change. It is projected that from 2030 to 2050, climate change will result in an estimated annual increase of around 250,000 deaths, attributed to factors such as undernutrition, malaria, diarrhea, and heat stress. This underscores the critical role of brine concentration technology in addressing the water-related challenges posed by climate change and driving the growth of the BCT market.
The brine concentration technology (BCT) market is experiencing a notable trend with the advancement in technologies, as companies strive to adopt innovative solutions to maintain their market positions. A prime example is Veolia Water Technologies, a France-based water services company, which, in April 2022, introduced the Barrel - a device featuring plug-and-play reverse osmosis (RO) technology. The Barrel is designed as a multi-RO element vessel with a plug-and-play system, addressing the demands and challenges of desalination while producing fresh water in compliance with water quality standards. Its unique design significantly reduces the number of high-pressure piping connections to just two such as seawater inlet and brine outflow. This design element enhances safety during maintenance and operation, contributing to a safer working environment for personnel.
Major players in the brine concentration technology (BCT) market are adopting strategic partnership approaches to usher in the next generation of environmentally friendly brine concentration technology. Strategic partnerships involve leveraging mutual strengths and resources to advance the desalination industry by offering more sustainable and cost-effective solutions. A noteworthy illustration is the partnership between Aquatech, a US-based provider of water and process technology solutions, and Fluid Technology Solutions Inc., a US-based water treatment technology company. Formed in March 2023, this partnership is aimed at enhancing and advancing brine concentration technology, with a focus on achieving high recovery rates, minimizing energy consumption, and reducing the overall CO2 footprint. The collaborative efforts of Aquatech and FTS extend to providing advanced water treatment technology and process solutions across strategic sectors such as brine mining, lithium and critical minerals, inland desalination, and minimal or zero liquid discharge (MLD or ZLD). This strategic collaboration signifies a commitment to innovation and sustainability in the brine concentration technology market.
In April 2023, Alchemist Mining Inc., a Canadian firm specializing in investment and technology solutions, completed the acquisition of LiTHOS Technology Corp. for an undisclosed sum. Through this strategic acquisition, Alchemist aims to bolster its capabilities in facilitating large-scale, environmentally sustainable lithium production via direct lithium extraction methods. LiTHOS Technology Corp., a Canadian company focused on sustainable lithium production, holds investments in AcQUA, a patented technology designed for wastewater solutions. AcQUA specializes in the selective purification and concentration of lithium-containing brines directly extracted (DLE) from continental brine reservoirs, aligning with Alchemist's strategic objectives in the lithium extraction sector.
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.
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. The countries covered in the brine concentration technology (bct) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary technologies within brine concentration technology (BCT) include high-energy reverse osmosis, mechanical vapor compression, closed circuit desalination, vertical tube falling film, among others. High-energy reverse osmosis involves forcing water through a semi-permeable membrane at pressures exceeding 100 bar, effectively removing the majority of contaminants. This technique, particularly utilizing high-pressure reverse osmosis (HPRO), is instrumental in desalinating hypersaline brines. Brine concentration technology utilizes various types of salts such as calcium chloride, sodium chloride, zinc calcium bromide, cesium formate, potassium chloride, among others. These applications are employed across multiple industries including coal to chemicals, food and beverage, mining, oil and gas, pulp and paper, steel, power, textile, refining and petrochemicals, catering to the needs of various end-users.
The brine concentration technology (BCT) research report is one of a series of new reports that provides brine concentration technology (BCT) market statistics, including the brine concentration technology (BCT) industry's global market size, regional shares, competitors with brine concentration technology (BCT) market share, detailed brine concentration technology (BCT) market segments, market trends and opportunities, and any further data you may need to thrive in the brine concentration technology (BCT) industry. This brine concentration technology (BCT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The brine concentration technology market consists of revenues earned by entities by providing chemical extraction, brine treatment services, closed circuit desalination services. The market value includes the value of related goods sold by the service provider or included within the service offering. The brine concentration technology market also includes sales of ammonium chloride, lithium chloride, and calcium bromide which are used in brine concentration technology. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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 anticipated growth in the forecasted period can be linked to several factors, notably the movement towards sustainable solutions, the global expansion and increased market penetration, the rise in aquaculture and the seafood industry, a heightened focus on resource efficiency, and a shift towards natural preservation methods. Key trends expected in this forecasted period encompass the adoption of hybrid technologies and processes, embracing a circular economy approach, an increased emphasis on food quality and the retention of nutrients, the demand for customized and tailored solutions, and a concerted effort towards reducing carbon footprints within the industry.
The anticipated increase in energy demand is poised to be a significant driver for the growth of the brine concentration technology (BCT) market. BCT plays a crucial role in concentrating brine streams from desalination plants, with the potential to generate electricity through pressure retarded osmosis (PRO) technology. As of April 2023, a report from the Energy Information Administration, a US-based government agency, forecasts a growth in energy consumption across all forms in the United States. The overall anticipated increase ranges 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 US residential sector purchased 5.1 quadrillion British thermal units (quads) of electricity, and residential consumption of purchased electricity is projected to increase by approximately 14% to 22% between 2022 and 2050. This growth, reaching a range of 5.9 quads to 6.3 quads, underscores the role of increased energy demand in driving the growth of the brine concentration technology (BCT) market.
The escalating impact of climate change is set to further propel the growth of the brine concentration technology (BCT) market. Climate change, characterized by long-term alterations in the Earth's climate, has far-reaching consequences, including changes in temperature, precipitation, and water availability. The increasing impacts of climate change, leading to heightened water scarcity and altered precipitation patterns, create a growing demand for sustainable water solutions. BCT becomes crucial in this context for efficient water resource management. As of October 2023, a report from the World Health Organization (WHO), a Switzerland-based intergovernmental organization, highlights that approximately 3.6 billion individuals reside in regions highly vulnerable to the impacts of climate change. It is projected that from 2030 to 2050, climate change will result in an estimated annual increase of around 250,000 deaths, attributed to factors such as undernutrition, malaria, diarrhea, and heat stress. This underscores the critical role of brine concentration technology in addressing the water-related challenges posed by climate change and driving the growth of the BCT market.
The brine concentration technology (BCT) market is experiencing a notable trend with the advancement in technologies, as companies strive to adopt innovative solutions to maintain their market positions. A prime example is Veolia Water Technologies, a France-based water services company, which, in April 2022, introduced the Barrel - a device featuring plug-and-play reverse osmosis (RO) technology. The Barrel is designed as a multi-RO element vessel with a plug-and-play system, addressing the demands and challenges of desalination while producing fresh water in compliance with water quality standards. Its unique design significantly reduces the number of high-pressure piping connections to just two such as seawater inlet and brine outflow. This design element enhances safety during maintenance and operation, contributing to a safer working environment for personnel.
Major players in the brine concentration technology (BCT) market are adopting strategic partnership approaches to usher in the next generation of environmentally friendly brine concentration technology. Strategic partnerships involve leveraging mutual strengths and resources to advance the desalination industry by offering more sustainable and cost-effective solutions. A noteworthy illustration is the partnership between Aquatech, a US-based provider of water and process technology solutions, and Fluid Technology Solutions Inc., a US-based water treatment technology company. Formed in March 2023, this partnership is aimed at enhancing and advancing brine concentration technology, with a focus on achieving high recovery rates, minimizing energy consumption, and reducing the overall CO2 footprint. The collaborative efforts of Aquatech and FTS extend to providing advanced water treatment technology and process solutions across strategic sectors such as brine mining, lithium and critical minerals, inland desalination, and minimal or zero liquid discharge (MLD or ZLD). This strategic collaboration signifies a commitment to innovation and sustainability in the brine concentration technology market.
In April 2023, Alchemist Mining Inc., a Canadian firm specializing in investment and technology solutions, completed the acquisition of LiTHOS Technology Corp. for an undisclosed sum. Through this strategic acquisition, Alchemist aims to bolster its capabilities in facilitating large-scale, environmentally sustainable lithium production via direct lithium extraction methods. LiTHOS Technology Corp., a Canadian company focused on sustainable lithium production, holds investments in AcQUA, a patented technology designed for wastewater solutions. AcQUA specializes in the selective purification and concentration of lithium-containing brines directly extracted (DLE) from continental brine reservoirs, aligning with Alchemist's strategic objectives in the lithium extraction sector.
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.
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. The countries covered in the brine concentration technology (bct) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary technologies within brine concentration technology (BCT) include high-energy reverse osmosis, mechanical vapor compression, closed circuit desalination, vertical tube falling film, among others. High-energy reverse osmosis involves forcing water through a semi-permeable membrane at pressures exceeding 100 bar, effectively removing the majority of contaminants. This technique, particularly utilizing high-pressure reverse osmosis (HPRO), is instrumental in desalinating hypersaline brines. Brine concentration technology utilizes various types of salts such as calcium chloride, sodium chloride, zinc calcium bromide, cesium formate, potassium chloride, among others. These applications are employed across multiple industries including coal to chemicals, food and beverage, mining, oil and gas, pulp and paper, steel, power, textile, refining and petrochemicals, catering to the needs of various end-users.
The brine concentration technology (BCT) research report is one of a series of new reports that provides brine concentration technology (BCT) market statistics, including the brine concentration technology (BCT) industry's global market size, regional shares, competitors with brine concentration technology (BCT) market share, detailed brine concentration technology (BCT) market segments, market trends and opportunities, and any further data you may need to thrive in the brine concentration technology (BCT) industry. This brine concentration technology (BCT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The brine concentration technology market consists of revenues earned by entities by providing chemical extraction, brine treatment services, closed circuit desalination services. The market value includes the value of related goods sold by the service provider or included within the service offering. The brine concentration technology market also includes sales of ammonium chloride, lithium chloride, and calcium bromide which are used in brine concentration technology. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Brine Concentration Technology (BCT) Market Characteristics3. Brine Concentration Technology (BCT) Market Trends and Strategies32. Global Brine Concentration Technology (BCT) Market Competitive Benchmarking33. Global Brine Concentration Technology (BCT) Market Competitive Dashboard34. Key Mergers and Acquisitions in the Brine Concentration Technology (BCT) Market
4. Brine Concentration Technology (BCT) Market - Macro Economic Scenario
5. Global Brine Concentration Technology (BCT) Market Size and Growth
6. Brine Concentration Technology (BCT) Market Segmentation
7. Brine Concentration Technology (BCT) Market Regional and Country Analysis
8. Asia-Pacific Brine Concentration Technology (BCT) Market
9. China Brine Concentration Technology (BCT) Market
10. India Brine Concentration Technology (BCT) Market
11. Japan Brine Concentration Technology (BCT) Market
12. Australia Brine Concentration Technology (BCT) Market
13. Indonesia Brine Concentration Technology (BCT) Market
14. South Korea Brine Concentration Technology (BCT) Market
15. Western Europe Brine Concentration Technology (BCT) Market
16. UK Brine Concentration Technology (BCT) Market
17. Germany Brine Concentration Technology (BCT) Market
18. France Brine Concentration Technology (BCT) Market
19. Italy Brine Concentration Technology (BCT) Market
20. Spain Brine Concentration Technology (BCT) Market
21. Eastern Europe Brine Concentration Technology (BCT) Market
22. Russia Brine Concentration Technology (BCT) Market
23. North America Brine Concentration Technology (BCT) Market
24. USA Brine Concentration Technology (BCT) Market
25. Canada Brine Concentration Technology (BCT) Market
26. South America Brine Concentration Technology (BCT) Market
27. Brazil Brine Concentration Technology (BCT) Market
28. Middle East Brine Concentration Technology (BCT) Market
29. Africa Brine Concentration Technology (BCT) Market
30. Brine Concentration Technology (BCT) Market Competitive Landscape and Company Profiles
31. Brine Concentration Technology (BCT) Market Other Major and Innovative Companies
35. Brine Concentration Technology (BCT) Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Brine Concentration Technology (BCT) Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on brine concentration technology (bct) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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Where is the largest and fastest growing market for brine concentration technology (bct)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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
Key Companies Mentioned: Veolia Environnement S.A.; Dow Inc.; DuPont de Nemours Inc.; SUEZ Group; Tetra Technologies Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- 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.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 14.83 Billion |
Forecasted Market Value ( USD | $ 18.41 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |