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Membrane Chemicals Market, By End-use Sector (Waste Water Treatment, Power, Food & Beverages, Desalination, Chemicals, Paper & Pulp, Pharmaceuticals & Others), By Product Type (Scale Inhibitors, Coagulants and Flocculants, Biocides, pH Adjusters, Dechlorinants, Others), and By Region (North America, Middle East & Africa, Asia Pacific, Latin America, Western Europe, Eastern Europe) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
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Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker MEMBRANE CHEMICALS MARKET ANALYSIS Membrane Chemicals Market, By End-use Sector (Waste Water Treatment, Power, Food & Beverages, Desalination, Chemicals, Paper & Pulp, Pharmaceuticals & Others), By Product Type (Scale Inhibitors, Coagulants and Flocculants, Biocides, pH Adjusters, Dechlorinants, Others), and By Region (North America, Middle East & Africa, Asia Pacific, Latin America, Western Europe, Eastern Europe) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Membrane Chemicals Market 2017 -2027 Membrane chemicals are used for treating the water by removing impurities and bacteria’s. These chemicals are effective in filtering water impurities. These chemicals are used across oil & gas, electric power, pulp and paper production, and food & beverage. They are gaining huge demand on the account of rising demand for high quality and clean water around the globe. Membrane chemicals are also effective against metal-based foulants and colloidal silica fouling and also remove iron deposited in the water. Membrane chemicals are eco-friendly and non-hazardous and also keep the water system in optimal condition. Waste water treatment, power, food & beverages, desalination, paper & pulp, and pharmaceuticals are some of the major end-user of membrane chemicals. The global membrane chemicals market is projected to reach around US$ 2.9 billion by the end of 2027, in terms of revenue, growing at CAGR of 8.1% during the forecast period (2019-2027). Drivers Increasing industrialization around the globe is a major factor augmenting the market growth of membrane chemicals. The industrialization has led to growth in water pollution and according to the Coherent Market Insights analysis, it has been estimated that around 4 million people are suffering from a chronic illness caused by water pollution. For these various manufacturers are adopting membrane chemicals in order to reduce the water pollution caused by industries. This is expected to accelerate the market growth of membrane chemicals. The rising demand for energy due to the increasing population around the globe is expected to augment the market growth. As per the Coherent Market Insights analysis, the energy sector consumes a high amount of chemicals for treating the membrane that is used for water treatment. Hence, the rising demand for membrane chemicals from the energy sector is projected to propel the market growth of membrane chemicals over the forecast period. On basis of the region, Asia Pacific region dominated the global membrane chemicals market in 2018, accounting for 33.1% share in terms of value, followed by North America and Europe respectively.
Figure 1. Global Membrane Chemicals Market, Revenue Share (%), By Region, 2018 Market Restraints The high cost of the membrane due to high maintenance cost is expected to restrict the market growth of chemical membrane. Moreover, governments around the globe are promoting the use of renewable sources of energy in order to reduce the dependence on fossil fuels and most of the revenue of the membrane chemicals industry comes through thermal-based power industries. However, renewable sources of energy are experiencing traction compared to nuclear and thermal-based power industries. This is also expected to hinder the market growth. Lack of skilled professionals and awareness regarding the benefits of membrane chemicals is expected to hinder the market growth of membrane chemicals over the forecast timeframe. Few countries of developing regions such as MEA and Latin America are still not aware of the benefits of such advanced technologies and this projected to restrict market growth. Market Opportunities Increasing installation of RO technology across water-intensive companies for their operations. This is expected to offer a potential opportunity to the market of
membrane chemicals. Moreover, companies are also investing heavily to develop cost-effective chemicals for preventing membrane fouling and treating RO membranes. Increasing such initiatives by the manufacturer is expected to provide enormous growth opportunity to the market of membrane chemicals. A growing number of wastewater treatment plant around the globe is expected to raise the demand for membrane chemical which is estimated to propel the market growth over the forecast period. For instance, in September 2019, Clariant has inaugurated the wastewater treatment plant at the zero liquid discharge site, Bonthapally in India. The plant is expected to treat 300 kilolitres of wastewater per day. Figure 2. Global Membrane Chemicals Market– Opportunity Analysis Market Trends The rising trend of developing eco-friendly membrane chemicals by major players is projected to augment the market growth of the chemical membrane. For instance, in November 2017, AGC Asahi Glass (AGC), a manufacturer of glass, chemicals, and functional materials, announced today that it has launched the new functional brand “FORBLUE”, a brand for providing AGC’s eco-friendly technology for separating chemical substances. Various manufacturers are adopting growth strategies such as partnership &agreement for expanding their presence in the market and develop new technology to cater to rising demand. This is expected to fuel market growth. For instance, in June 2018, the Linde Group and the specialty chemicals company
Evonik Industries have entered into an exclusive cooperation agreement on the use of membranes for natural gas processing. The purpose of this partnership is to jointly promote membrane technology – Evonik on the membrane and polymer side and Linde’s Engineering Division as the system integrator for the complete membrane package units. Figure 3. Global Membrane Chemicals Market, Revenue Share (%), By Application, in 2018 On the basis of end-use sector, in 2018, the waste water treatment segment has accounted the largest market share of 30% in terms of value, followed by the pharmaceuticals & others and chemicals. Competitive Section Key players operating in global membrane chemicals market are Veolia Water, Nalco Holding Company, Kemira Oyj, GE Power & Water, BWA Water Additives U.S., LLC, Genesys International Corporation Limited, H2O Innovation Inc., Reverse Osmosis Chemicals International, King Lee Technologies, and Lenntech BV.
Few Recent Developments Veolia Water ● In November 2017, CTI-Orelis has acquired the CeraMem ceramic membrane assets from Veolia Water Technologies. CTI-Orelis will immediately begin integrating the new business and developing synergies for advanced ceramic-membrane-based solutions for the oil-and-gas industry. •Request Sample Report •Request Customization •Download PDF Brochure •Talk to Analyst Reference : https://www.coherentmarketinsights.com/market-insight/membrane-chemicals-marke t-3658
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