Industrial Expansions and Emerging Applications Stimulating Demand for Media based Water Filters, says TechSci Research
BURNABY, Canada, February 13, 2014 /PRNewswire/ --
Growing Global Desalination and Bottled Water Markets are Boosting Media based Water Filters Market
Uneven water distribution, low sewage collection & treatment rate, rising urbanization and industrialization are the key factors driving the demand for media based water filters, globally. Industrial sector is the leading demand generator for global media based water filters market. China, India, the United States, Japan and Germany are expanding their public water supply networks as well as regulating the water intensive industries for water reuse and recycle. This is, consequently, propelling the demand for wastewater treatment plants, which in turn, is increasing the demand for media based water filters. Industries such as oil & gas, power, and pulp & paper utilize large amount of water, which is creating considerable demand for media based water filters.
According to recently published report "Global Media based Water Filters Market Forecast & Opportunities, 2019", the media based water filters market is rising predominantly on the back of growing desalinated and bottled water markets globally. As a result, the global market for media based water filters is likely to surpass USD12 billion by the end of 2018, growing at a higher CAGR during 2014-19 compared to last five years.
The report emphasizes that oil & gas industry utilises massive amount of water for recovery and production processes. On an average, around 10 barrels of water is utilised to obtain 1 barrel of oil. Water cannot be used directly and needs to be treated due to various contaminants such as chemicals, microbes, etc. This is one of the major factors, driving the demand for media based water filters in the industrial sector.
"Governments of the Middle East countries are investing heavily towards improving water resources. Moreover, activated carbon water filters are exhibiting robust demand in global media based water filters market, and rising innovation in activated carbon water filters is expected to increase their market share over the next five years. Silver impregnated and catalytic activated carbon is witnessing increasing adoption, particularly in the residential water purifiers system." said Mr Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
The demand for sediment water filter cartridge is being positively influencedby declining ultraviolet water purifiers market. However, the market share of anthracite, magnetite and sand water filter is increasing on account of rising industrialization.
Calgon Carbon is one of the global leaders in activated carbon manufacturing and also produces media based water filters. On the other hand, Filtrex has its own coconut shell based carbon and coconut plantation in Sri Lanka, India, Indonesia, Thailand, the Philippines and some other countries. Also, the company is engaged into production of carbon blocks and sediment filters. Siemens Water Technologies, one of the global leaders in water & wastewater treatment products, manufactures granular activated carbon and powdered activated carbon, as well as industrial media based water filter products. Moreover, rising consumption of chloramine as a disinfectant is pushing the demand for media based water filters in North American countries, especially in the United States.
"Global Media Based Water Filters Market Forecast & Opportunities, 2019" has evaluated the future growth potential of global media based water filters marketand provides statistics and information on market structure, industry behaviorand trends. The report includes media based water filters market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in media based water filters market across the globe.
SOURCE Techsci Research