Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2,500.84 Million | USD 3,982.95 Million | 5.99% | 2022 |
The global membrane chemicals market size was worth around USD 2,500.84 million in 2022 and is predicted to grow to around USD 3,982.95 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.99% between 2023 and 2030.
Membrane chemicals are important components in membrane technology which is used to improve the water quality for chemical, industrial, and residential purposes. These membrane chemicals do not only cleanse the water but also perform an important role in enhancing the conditions of the membrane. By knowing its important role in membrane technology many water purification plants are utilizing membrane chemicals to prevent fouling and scaling of membranes. For instance, membrane chemicals are widely used in RO purification systems where integrity of the membrane is vital to obtain desired water quality. Further, these membrane chemicals are also showing high efficiency to slow down membrane degradation. Such factors are triggering its use in many membrane-based water purifications systems.
The global membrane chemical market is expanding substantially. Factors such as increasing government regulations to maintain water quality for industrial, residential, and commercial use are primarily driving the growth of the market. In addition, the increasing use of membrane-based technology to purify water impurities in many wastes water plants around the world is driving the demand for membrane chemicals. With their efficient mode of action, membrane chemicals do not only help to purify the impurities from the water but also improves the shelf life of the membrane. Further, many key players in the market are focusing on implementing advanced membrane filter solutions for advancing their water scaling technologies which will further boost the market growth over the forecast period.
In addition, growing investments in research and developments to enhance membrane filter efficiency are also boosting the demand for membrane chemicals. On the other hand, the high cost associated with membrane chemicals may hamper the growth of the market. However, increasing figures of strategic partnerships between key membrane chemical manufacturing players and rising need in the water treatment sector will provide better growth opportunities for the expansion of the market over the forecast period.
Strict regulations implemented by several governments around the world such as broad lockdown to curb the spread of the COVID-19 infection have resulted in a restriction on personnel movement, raw material supply, and manufacturing process. This directly impacted the demand for membrane chemicals in the year 2020. Complete focus on emergency services and related materials during the pandemic period has led to a slowdown in the production of membrane filters. Disruption of supply chain and distributors network at the global level has also contributed to less revenue generation for the global membrane chemical market. However, with the rising demand for water purification systems, the market is expected to bounce back and register healthy growth over the forecast period.
The global membrane chemical market is classified based on the product type, end-user, and region. Based on the product type, the global membrane chemical market is split into coagulants & flocculants, scale inhibitors, biocides, dechlorinants, pH adjusters, and others. By end-user, the global market is categorized into food & beverage, municipal, chemicals, power, paper & pulp, and desalination.
Report Attributes | Report Details |
---|---|
Report Name | Membrane Chemicals Market Research Report |
Market Size in 2022 | USD 2,500.84 Million |
Market Forecast in 2030 | USD 3,982.95 Million |
Growth Rate | CAGR of 5.99% |
Number of Pages | 215 |
Key Companies Covered | Nalco, Veolia Water, Kemira, BWA Water Additives, GE Water & Process Technologies, Genesys International, Reverse Osmosis Chemicals International, LennTech BV, H2O Innovation Inc., and King Lee Technologies among others. |
Segments Covered | By Product Type, By End User and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Considering the geographical scenario, Asia Pacific is expected to sustain its dominance in the global membrane chemical market during the forecast period. Factors such as rapid industrialization, rise in commercial & residential projects in emerging countries such as India & China, growing environmental concerns, and increasing awareness regarding conservation of natural water resources are the major features that are thrusting the growth of the market in this region. Among all the countries, China is expected to dominate the Asia pacific membrane chemical market over the forecast period.
North America and Europe are expected to contribute a significant market share in the global membrane chemical market during the forecast period. Strict regulations for the treatment of wastewater before channelizing it into natural reservoirs are triggering the need for efficient wastewater treatment plants which ultimately are driving the demand for membrane chemicals.
The global membrane chemicals market is led by players like:
By Product Type
By End-User
Global Membrane Chemicals Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
In general, the phrase "membrane chemicals" pertains to substances or chemicals that are utilized in procedures that utilize membrane technology. Membrane technology encompasses a wide range of separation procedures that separate or concentrate substances, including gases and liquids, via semipermeable membranes. Various industries, including water treatment, pharmaceuticals, food and beverage, and others, make extensive use of membrane processes. Membrane compounds contribute to the maintenance and optimization of membrane system performance.
The expanding application of membrane technologies in pharmaceuticals, water treatment, effluent purification, and desalination is a major market driver for membrane chemicals. An increase in the number of applications for these compounds in membrane processes corresponds to a rise in demand. The demand for effective water treatment solutions and worldwide apprehension regarding water scarcity both contribute to the expansion of membrane technologies. In the treatment of water and effluent, membrane chemicals are essential for preserving the functionality and durability of membranes.
The global membrane chemicals market size was worth around USD 2,500.84 million in 2022 and is predicted to grow to around USD 3,982.95 million by 2030.
The global membrane chemicals market with a compound annual growth rate (CAGR) of roughly 5.99% between 2023 and 2030.
Considering the geographical scenario, Asia Pacific is expected to sustain its dominance in the global membrane chemical market during the forecast period. Factors such as rapid industrialization, rise in commercial & residential projects in emerging countries such as India & China, growing environmental concerns, and increasing awareness regarding conservation of natural water resources are the major features that are thrusting the growth of the market in this region.
Some of the prominent players that are operating in the global membrane chemical market include Nalco, Veolia Water, Kemira, BWA Water Additives, GE Water & Process Technologies, Genesys International, Reverse Osmosis Chemicals International, LennTech BV, H2O Innovation Inc., and King Lee Technologies among others.
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