India Membrane Separation Technology Market to Cross USD2783.97 Million by FY2027
India
membrane separation technology market is projected to post robust growth by FY2027,
owing to the growing need for water that is fit for consumption.
According to
TechSci Research report, “India Membrane Separation Technology Market
By Technology (Reverse Osmosis, Microfiltration, Ultrafiltration, Nanofiltration,
Others), By Application (Water & Wastewater Treatment, Food & Beverage,
Industry Processing, Medical & Pharmaceutical and Others), By Region,
Competition Forecast & Opportunities, FY2017-FY2027”, India Membrane Separation
Technology Market is forecast to grow at a CAGR of 12.60% to reach USD2783.97
million by FY2027, owing to the growing need for water
that is fit for consumption. Access to safe drinking water is a major problem
in India, especially in the rural areas where lack of usable water causes sanitation
as well as health problems. Moreover, the increasing popularity of RO systems
for residential purposes will ensure robust growth of the market in the
forecast period. Additionally, the rising application of membrane separation
technology in the food & beverage industry to ensure food safety is projected
to drive the growth of the market during the forecast period. On the other
side, the major challenge faced by India membrane separation technology market
is the high price of membrane which is hindering the growth of the market.
India membrane separation technology is
segmented based on technology, application, and region. Based on Technology,
the market is segmented into Reverse Osmosis, Ultrafiltration, Microfiltration,
Nanofiltration and Others. The Reverse Osmosis segment held the largest market
share in FY2021 owing to its cost-effective nature. Nanofiltration is the
fastest growing technology due to its cumulative usage to separate trace
amounts of salts and other dissolved solutes from previously treated water to
produce ultrapure water for the electronics industry.
Based on Application, the market is segmented
into Water & Wastewater Treatment, Food & Beverage, Medical &
Pharmaceutical, Industry Processing and Others. The Water & Wastewater
Treatment segment has the largest market share, owing to the use of membranes
separation technology in water & wastewater treatment plants for
desalination of seawater, microbial removal, sewage treatment, wastewater
processing of natural mineral water, treatment of water from industries,
production of potable water, and treatment of brackish water.
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And based on region, South India is
estimated to be the largest region in the India Membrane Separation Technology
Market with a share of 31.11% in FY2021 owing to the increasing water pollution
and growing environmental concerns in the region.
The wide usage of membrane separation
technology in water & wastewater treatment, medical & pharmaceutical,
and chemical processing sectors in South Indian region is expected to boost the
growth of the India Membrane Separation Technology Market in the region.
Moreover, the crisis of urban sanitation
in South India is established by the predominant infected tanks-based
sanitation systems that far exceed the coverage of households provided by
centralized sewerage-based systems. Hence, the demand for membrane separation
technology-based water treatment systems is expected to grow in the region.
The government is also planning to make
huge investments in the South India region, especially in Karnataka and Tamil
Nadu during the forecast period.
Therefore, India Membrane Separation
Technology Market players are recommended to set up their facilities in South
India to address the large demand for membrane separation technology in this
region.
Membrane
separation is one of the most common techniques used to isolate substances
across pores or tiny gaps. It is a thin layer of substance with specific
absorption functions used for concentrating, purification and isolation.
Membrane separation technique facilitates the re-use of wastewater by several
industries and reduces the sewage footprint from freshwater resources. The
filtering layer comprises of natural or inorganic raw materials. Inorganic
materials are typically metal and glass, while organic materials apply
primarily to all forms of chemical substances. Ultrafiltration and
microfiltration membranes are usually made of polysulfone, polyvinyl chloride
(PVC), polyvinylidene fluoride (PVDF) among others.
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“The wastewater
treatment plants are in control of filtering the water by removing the massive
quantity of wastes from water before releasing it into the environment. This
amazingly reduces the health risks associated with the rising environmental
pollution, which is further expected to bring vast growth opportunities to the
market over the coming years.
The biodegradable
materials from wastewater can be turned into natural fertilizers which are used
in the agricultural sector to increase the number of yielding crops. This
results in the reduction of utilization of chemical fertilizers in the
agriculture sector.
Therefore,
Membrane Separation Technology Market stakeholders are suggested to focus on
the Water & Wastewater Treatment in the application segment to capture more
market share in the India Membrane Separation Technology Market.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“India
Membrane Separation Technology Market By Technology (Reverse Osmosis, Microfiltration,
Ultrafiltration, Nanofiltration, Others), By Application (Water &
Wastewater Treatment, Food & Beverage, Industry Processing, Medical &
Pharmaceutical and Others), By Region, Competition Forecast & Opportunities,
FY2017-FY2027” has evaluated the future
growth potential of India Membrane Separation Technology Market and provides
statistics and information on market structure, size, share and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the India Membrane Separation
Technology Market.
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