Asia-Pacific's Emergence As An Automotive Manufacturing Hub Enhances The Scope Of The WWWT Market, Finds Frost & Sullivan
KUALA LUMPUR, Malaysia, March 6, 2013 /PRNewswire/ -- The relocation of automotive manufacturing from North America and Europe to Asia-Pacific, especially to emerging countries such as Vietnam and Indonesia, is expected to boost the prospects of the water and wastewater treatment (WWWT) market. Environmental regulations, along with manufacturers' desire to cut costs and use water more efficiently, have expanded the market for WWWT solutions.
New analysis from Frost & Sullivan ( http://www.environmental.frost.com), Water and Wastewater Treatment Solutions Market in Automotive Industry in Asia-Pacific , finds that market earned revenues of US$116.8 million in 2011 and estimates this to reach US$156.2 million by 2016. Water treatment solutions market for the automotive industry are categorized as reverse osmosis (RO), ultra filtration (UF)/micro filtration (MF), ion exchange (IE), and electro-deionization (EDI). Wastewater treatment solutions are divided into primary, secondary and tertiary treatments.
"While automotive may not be the most water-intensive industry, automakers are keen to lower their water use per unit of vehicle produced," said Frost & Sullivan Environmental Senior Consultant David Lee. "Although the quality of water used may not be a critical factor, unlike in the pharmaceutical or power industries, the automotive industry has collectively started adopting more efficient water treatment solutions."
Membrane technology will continue to be the solution of choice for treating makeup water and cooling water, and be used as a key component in the secondary treatment of the wastewater treatment process. Membrane solutions such as RO and MF/UF are preferred for their efficiency and affordability, while the demand for IE is expected to decline in the near future, as the process involves the discharge of huge amounts of harmful by-products and waste.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts