Key Takeaways from Analyst
Growing applications of membrane technology in various end-use industries such as water & wastewater treatment and pharmaceutical & medical can drive the market growth. Membrane chemicals play a vital role in maintaining the efficiency and effective functioning of membrane processes. However, stringent environmental regulations regarding the disposal of chemicals can hamper the market growth.
Asia Pacific region dominates the global membrane chemicals market due to increasing demand from the rapidly growing water & wastewater treatment industry in the region's major economies such as China and India. Moreover, North America is projected to experience favorable growth, owing to stringent environmental regulations and improved access to clean water.
New product innovation and development can provide lucrative opportunities for leading membrane chemical manufacturers to expand their product portfolio and strengthen their market position.
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