Identified as a leading solution for water treatment, membrane chemicals are in great demand because they improve the durability of the membranes and boost the system performance of commercial and industrial applications. Membrane chemicals are used in several end-use industries to rid water of contaminants and deposited impurities.
Driven by the rising demand for process water across sectors such as food and beverage, municipal, chemicals, desalination, power, paper and pulp, and pharmaceutical, the global membrane chemicals market is poised to expand at a healthy CAGR of 8.10% from 2014 to 2020, according to Future Market Insights (FMI).
Leader in Membrane Chemicals, North America to Lose Market Share in Future
The global membrane chemicals market comprises six major regions based on geography: North America, Western Europe, Latin America, Eastern Europe, the Middle East and Africa, and Asia Pacific.
North America dominates the overall membrane chemicals market in terms of both volume and revenue owing to increased demand from various end-use industries such as wastewater treatment and food and beverages. The revenue generated from membrane chemicals in the treatment of wastewater is greatest in this region. On the other hand, the food and beverages segment of the membrane chemicals market in North America is anticipated to register the highest growth rate by 2020.
However, being a relatively mature market, North America as well as Western Europe – over the next five years – are expected to lose considerable market share to emerging economies in the Middle East and Africa, Asia Pacific, and Latin America regions.
Asia Pacific to Surpass North America by Value and Volume
Industry experts predict that by 2017, the Asia Pacific membrane chemicals market will surpass North America in terms of both volume and value, registering a strong CAGR of 10.10% during the forecast period of the FMI report. Several growth opportunities arise for this regional market owing to exponential demand for processed food and strong demand from the power and chemicals sectors.
The Middle East and Africa region is also highly lucrative, according to market analysts, thanks to the concentration of major membrane chemicals end-use industries such as desalination, chemical and petrochemical, and oil and gas. The rising demand for RO membrane in desalination plants is anticipated to boost the membrane chemicals market in this region with a double-digit growth rate.
Desalination, Biocides Fastest Growing End-Use and Application Segments
As mentioned earlier, the membrane chemicals market is segmented into several end-use sectors such as power, chemicals, food and beverages, wastewater treatment, desalination, paper and pulp, and pharmaceuticals. Among these, wastewater is the largest end-use segment and desalination the most rapidly developing one, registering an 11.40% CAGR from 2014 to 2020.
By application, the membrane chemicals market is fragmented into pH adjusters, coagulants and flocculants, scale inhibitors, dechlorinants, and biocides. Among these, scale inhibitors dominated the overall market and biocides are projected to expand at the highest CAGR of 12.20% from 2014 to 2020.
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The global membrane chemicals market is dominated by companies such as H2O Innovation Inc., BWA Water Additives, Nalco, LennTech BV, Veolia Water, Reverse Osmosis Chemicals International, Kemira, GE Water & Process Technologies, Genesys International, and King Lee Technologies.