Membranes Market in India to Grow at CAGR of Around 14% During 2014-19, Says TechSci Research
Burnaby, Canada, April 05, 2014 --(PR.com
)-- The membranes market in India is largely dominated by the leading global membrane manufacturers. These manufacturers are importing membranes from their manufacturing facilities located outside the country. These international players, with their high expertise and technical know-how, are targeting conventional as well as other potential applications of membranes in different industrial and commercial processes. Currently, there are only two domestic players involved in manufacturing membranes in India. Permionics Membranes Pvt. Ltd., based in Gujarat, manufactures reverse osmosis and ultrafiltration membranes. The other India-based membrane manufacturer is Pune-based Membrane Filters India Pvt. Ltd., which is engaged in production of ultrafiltration membranes. However, the combined market share of both the players is quite negligible compared to other leading global players operating in India.
According to the recently published report by TechSci Research, “India Membranes Market Forecast & Opportunities, 2019,” the Indian membranes market is projected to grow at a CAGR of around 14% during 2014-19, exhibiting a two-fold increase, in revenue terms, over the forecast period. The rising application of reverse osmosis membranes is one of the key growth drivers for the India’s membranes market. High TDS level in various regions of India is pushing the demand for RO membranes. Consequently, the RO membranes segment would continue its domination in the country’s membranes market in the coming years. Growing desalination market is also augmenting the sales of membranes in the country. India had about 157 RO based desalination plants in 2011 and this number is projected to rise further over the next five years, which is expected to create more opportunities for the membrane suppliers.
“On account of increasing demand for water treatment technologies from the industrial sector in India, the membrane demand, especially of RO membranes, is expected to robustly increase over the next five years. Moreover, the domestic water purifiers segment is also going to significantly contribute towards boosting membrane sales in the country,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Membranes Market Forecast & Opportunities, 2019” has evaluated the future growth potential of India Membranes Market and provides statistics and information on market structure, industry behavior and trends. The report includes membranes 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 in the Indian membranes market.