Dublin, Aug. 30, 2021 (GLOBE NEWSWIRE) -- The "India Membrane Separation Technology Market, By Technology (Reverse Osmosis, Microfiltration, Ultrafiltration, Nanofiltration, Others), By Application, By Region, Competition Forecast & Opportunities, FY2017-FY2027" report has been added to ResearchAndMarkets.com's offering.
The Indian Membrane Separation Technology Market stood at USD1397.94 million in FY2021 and is projected to grow at a CAGR of 12.60% through FY2027, owing to the growing demand for safe drinking water.
The massive growth in the usage of water filtration systems along with the rising urbanization has led to the rise in demand for membrane separation technology across the country. The membrane separation technology usually has the benefit of low operating power and high efficiency along with the capability of operating in harsh environments which in turn is expected to spur the growth of the membrane separation technology market in India.
The Indian Membrane Separation Technology Market is segmented based on technology, application, and region. Based on the technology, Reverse Osmosis (RO) segment leads the market due to its widespread use as a water-purifying technology as it ensures water safety and is cost effective.
RO is one of the greenest solutions for industrial wastewater management as it does not require use of any harmful chemicals within the process of producing the permeate, which is the major factor for the growth of the market, nationwide. The basic part of the RO unit is the semi-permeable membrane, made of either cellulose acetate or thin-film composite material. The membrane can be positioned between two screens and enfolded around a tube much like a roll of paper towels.
Based on application, the water and wastewater treatment segment is expected to lead the market during the forecast period due to the rising demand for clean and pure water for drinking purposes and government initiatives to combat water scarcity. Moreover, the market is mainly driven by the rising demand and focus on clean technologies, breakthrough innovations in the design and structure of membranes and the rapid growth of the sectors using membrane separation technology for various industrial processes and applications.
The major driver for membrane separation technology market is the huge requirement of water for industrial development. The rising demand from biopharmaceutical industry along with stringent regulatory and sustainability policies concerning the environment are also major factors contributing toward the growth of the market in the forecast period.
Moreover, other features of membrane separation technology such as porosity, durability, permeability, stability, and selectivity have also contributed to its increased demand. Mandatory regulations imposed by the government and increasing demand for clean processed drinking water to promote use of clean drinking water in the society on a large scale is expected to fuel the membrane separation technology market demand.
Companies operating in the market are using organic strategies such as product advancement through addition of new features to boost their share in the Indian Membrane Separation Technology Market.
Some of the major players in the Indian Membrane Separation Technology Market include
Dow Chemical International Pvt Ltd
M India Ltd.
Suez Water Technologies & Solutions (India) Private Limited
Toray Industries (India) Private Limited
Asahi Kasei India Pvt Ltd
Pall India Pvt. Ltd
Pentair Water India Private Limited
Koch Separation Solutions India Pvt. Ltd.
Ion Exchange (India) Ltd.
Permionics Membranes Pvt. Ltd
DuPont de Nemours, Inc.
VONTRON MEMBRANE TECHNOLOGY CO., LTD
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022E
Forecast Period: FY2023F-FY2027F
India Membrane Separation Technology Market, By Technology:
India Membrane Separation Technology Market, By Application:
Water & Wastewater Treatment
Food & Beverage
Medical & Pharmaceutical
Company Profiles: Detailed analysis of the major companies present in the Indian Membrane Separation Technology Market.
For more information about this report visit https://www.researchandmarkets.com/r/dae3s9
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