Press release
Membrane Chemical Market will be Accounted US$ 1,734.6 Mn by 2020
Increase in demand for process water across various end-use sectors such as municipal, power, food and beverage, desalination, paper and pulp, chemicals, pharmaceutical and others is one of the key growth drivers for the global membrane chemicals market. However, patents and regulatory hurdles will decelerate the growth of the global membrane market during the forecast period. On the other hand, dynamic growth in industrial output in emerging economies coupled with increased focus on wastewater recycling will further accelerate the demand for membrane chemicals.
Geographically, the global membrane chemical market covers North America, Asia-Pacific, Middle East and Africa (MEA), Eastern Europe, Western Europe, and Latin America. Among these, North America region is forecast to witness a surge in the global membrane chemicals due to rising demands from end-use industries such as power, desalination, municipal, and chemical. Furthermore, presence of wide coal reserves in APAC region offers healthy market scope for membrane chemicals market in power sector. Therefore, APAC is expected to surpass North America in terms of value and volume share by 2020, registering a healthy CAGR of 10.1% between 2014 and 2020. However, Middle East and Eastern Europe are anticipated to display a vigorous demand for membrane chemicals in the near future.
Key player in the global membrane chemicals market are BWA Water Additives, Lenntech, Genesys International, Kemira, and Nalco Holding Company.
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