Indian Membranes Market to Grow at CAGR of 14% During 2014-19
Indian membranes market is highly import dependent due to lack of domestic manufacturing
The membrane 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 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 (RO) and ultrafiltration (UF) membranes. The other India-based membrane manufacturer is Pune-based Membrane Filters India Pvt. Ltd., which is engaged in the production of UF 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 membrane market is projected to grow at a CAGR of around 14% from 2014 to 2019, exhibiting a two-fold increase, in revenue terms, over the forecast period. The rising application of RO membranes is one of the key growth drivers for the Indian membrane market. High total dissolved solids levels in various regions of India are pushing the demand for RO membranes. Consequently, the RO membrane segment would continue its domination in the country’s membrane market in the coming years. The growing desalination market also is augmenting the sale 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 are expected to create more opportunities for 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 toward boosting membrane sales in the country,” said Karan Chechi, research director for TechSci Research.
“India Membranes Market Forecast & Opportunities, 2019” has evaluated the future growth potential of the Indian membrane market and provides statistics and information on market structure, industry behavior and trends. The report includes membrane market projections and demand forecasting. The report is intended to provide market intelligence and help decisionmakers make sound investment evaluation. The report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the Indian membranes market.