BURNABY, Canada, November 23, 2015 /PRNewswire/ --
Deteriorating water quality and increasing awareness amongst both urban and rural India to drive membranes demand through 2020
According to TechSci Research report "India Membranes Market Forecast & Opportunities, 2020", membranes market in India is projected to grow at a CAGR of more than 16% during 2015 - 2020. Membranes are incorporated in water purifiers and filtration systems to provide purified water for residential as well as industrial usage. Majority of the population in India relies on water supplied from underground sources and water bodies for drinking purposes. Over the last decade, expansion of industrial sector in India and the resulting unchecked disposal of waste water has been increasing water pollution levels in the country's rivers. Deteriorating water quality in India is the principal factor for the surge in demand for water purifiers, consequently fueling demand for RO membranes in the country.
In 2014, the largest share of membranes market in India was accounted for by the residential segment, followed by wastewater treatment, pharmaceutical and food processing industries. In India, sewage generated from 35 metropolitan cities was estimated to be 15,644 Million Litres per Day (MLD), whereas the volume of sewage treated in these cities was 8,040 MLD. This reflects that the volume of sewage treated in these metropolitan cities accounted for roughly 51% of the total volume of sewage generated in the country. This wide gap between sewage generation and sewage treatment capacity is the prime reason behind the addition and upgradation of wastewater treatment and desalination plants in the country, thereby fueling demand for membranes in the country. Few of the leading international players operating in India membranes market include Dow, Hydranautics and Toray. Permionics, Membrane Filter India and Ion Exchange Pvt. Ltd. are among the major domestic players operating in the country's membranes market.
"India does not have a large manufacturing base for membrane production, owing to which India membrane market is majorly import driven, and consequently, controlled by global players. However, with continuing technological advancements and huge R&D expenditures being incurred by major market players, coupled with a few companies having established their membrane production facilities in India, domestic membrane manufacturing is expected to grow in the coming years, resulting in less import dependence." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Membranes Market Forecast and Opportunities, 2020" has analyzed the potential of the India membranes market and provides statistics and information on market sizes, shares and trends. The report would suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by India membranes market.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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