The Growing Health Awareness, Water Consumption Coupled With Population Growth, and Developing Urbanizations Are Driving the De-ionization Market.
Hyderabad, India - July 17, 2021 /MarketersMedia/ —
De-Ionization Market size is forecast to reach $2.3 billion by 2026, after growing at a CAGR of 5.4% during 2021-2026. Deionization is the process by which both positively charged and negatively charged ions are removed from the water, these ions are contaminants and corrosive to metals. Growing health awareness, growing water consumption coupled with population growth, and developing urbanizations are driving the De-Ionization market growth over the forecast period. Furthermore, de-ionization is used for water treatment through Electrodialysis (ED), hydrogen ions exchange, and Reverse Osmosis process along with treat leachate from municipal solid waste landfills. Whereas, the growing consumption of paper-based products further drives the paper and pulp industry growth, which is likely to propel the Deionization market share globally. As De-ionization is an excellent solution for high purity water needs in paper and pulp industries.
De-Ionization Market Segment Analysis - By Type
Dual Bed Deionizer segment held the largest share of more than 30.1% in the de-ionization market in 2020. In the paper & pulp industry, a huge amount of treated water is required for steam production, pulp preparation, and paper manufacturing. According to PG Paper, a private company report in 2018, the global production for paper is expected to be 490 million tonnes by 2020.
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De-Ionization Market Segment Analysis - By Application
Process Water segment is projected to grow with a CAGR of 6.3% during the forecast period. Processed water is used in a variety of manufacturing processes, including boiler make-up water, cooling tower make-up water, coating & plating, rinsing & spraying, washing, and others. Moreover, the growing uses of the Electrodialysis (ED) or Reverse Osmosis process for treatment of the processed water in dairy industries for disinfecting equipment & vats, for cleaning floors, reconstituted milk, and for boilers & cooling further contribute to the market growth.
De-Ionization Market Segment Analysis - By Geography
Asia-Pacific held the largest share of more than 40% in the De-Ionization market in 2020 followed by North America and Europe. China, India, and Japan are the major contributors to the growth of the De-Ionization market in the APAC region. The electronics sector accounts for 20% to 50% of the total value of exports in most countries in Asia. As per the Indian Brand Equity Foundation (IBEF) report in 2020, electronics manufacturing in India is expected to increase at an annual rate of 30% between 2020-25 and value Rs 11.5 lakh crore (around $ 163.14 billion) during this period. This growth will further boost the demand for the de-ionization market.
De-Ionization Market Drivers
Rapid Industrialization in Emerging Economies is Boosting the Market Growth
Water is widely used across various industry verticals, whether it is raw water, process water, or wastewater. Mostly, water must be treated before entering the process to ensure its quality and properties in order to meet the specifications demanded by the industrial process. In addition, with the industrial water discharge regulations and policies, there is a high demand for solutions for recycling and reuse of wastewater produced. Whereas, the rapid industrialization in emerging economies, such as India, China, Brazil, and the Philippines are driving the market's growth. According Indian Brand Equity Foundation (IBEF) report, the manufacturing sector in India grew at a CAGR of 5% from 2016-2020 and the manufacturing sector is expected to reach US$ 1 trillion by 2025.
Middle East Region is Driving the Market
Middle-East is one of the driest regions. The region is also experiencing rapid growth in population. For these reasons and others such as poor water management, water is becoming increasingly scarce in the region. The advances in key equipment such as membranes and pumps have turned the process energy efficient, resulting in a low investment cost and low operational cost. Saudi Arabia is the biggest producer of desalinated water where more than 70% of its water needs are satisfied by desalination, which will drive the market's growth.
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De-Ionization Market Landscape
Major players in the De-Ionization Market are PowerTech Water, Current Water Technologies Inc., Atlantis Technologies, Lenntech, Pure Aqua Inc., WET USA Inc., Nancrede Engineering Co, Inc., Vuronyx Technologies Inc., Vesitech Inc., Evoqua Water Technologies LLC, and others.
Key Take away
North America region is projected to witness significant growth due to the growing demand for De-Ionization systems from the electronics and pharmaceutical industry. Whereas, the US holds the largest share in the region throughout the forecast period.
De-ionization is the convenient and cost-effective water filtration process for producing highly purified water that is generally similar to distilled water. Thus, surging demand for the process that supplies large amounts of highly purified water as needed with less energy-intensive, and more cost-effective drives the demand of DI market.
Growing small and medium scale drinking water production across towns & villages, construction & military camps, nitrate reduction, hotels & hospitals also propel the demand for Electrodialysis (ED), hydrogen ions exchange, and Reverse Osmosis process
Plants treating brackish water can pollute rivers, aquifers, and soil, which can deter the markets growth.
COVID-19 has hindered the market growth due to the en-use industry growth growing at a low rate.
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