Membranes Market in India to Grow at CAGR of around 14% during 2014-19, says TechSci Research
BURNABY, British Columbia, April 3, 2014 /PRNewswire/ –
Indian membranes market is highly import dependant due to lack of domestic
manufacturing in the country
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
[http://www.techsciresearch.com ], “India Membranes Market Forecast & Opportunities, 2019
[http://www.techsciresearch.com/2716 ]“, 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 [http://www.techsciresearch.com
], a research based global management consulting firm.
“India Membranes Market Forecast & Opportunities, 2019
[http://www.techsciresearch.com/2716 ]” 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.
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SOURCE TechSci Research