Reverse Osmosis segment leads market with water-purifying technology
The Indian Membrane Separation Technology Market is projected to grow at a CAGR of 12.60% through FY2027, owing to the growing demand for safe drinking water. It was valued at US$1,397.94 million in FY2021.
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, ResearchAndMarkets said in a release on 30 Aug 2021.
“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,” it said in a report “India Membrane Separation Technology Market, By Technology (Reverse Osmosis, Microfiltration, Ultrafiltration, Nanofiltration, Others), By Application, By Region, Competition Forecast & Opportunities, FY2017-FY2027”.
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, said the report.
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.
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, Merck KGaA, Asahi Kasei India Pvt Ltd, Hydranautics BV, 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 and VONTRON MEMBRANE TECHNOLOGY CO LTD. #technology #water #infrastructure #projects /fiinews.com
