Global membrane chemicals sector players can face challenges like high initial investment costs associated with setting up a manufacturing facility. Membrane chemical production also involves import of some key raw materials, which increases the initial project costs. According to UNIDO, the average startup capital requirement for a small to medium scale membrane chemical production plant ranges between US$ 10-15 million.
Market Opportunity - Rising demand for sustainable and green chemicals
Global membrane chemicals industry can witness growth opportunities due to rising demand for sustainable and green chemicals. There has been growing emphasis on the development of environmentally-acceptable chemicals that are biodegradable and pose minimal health hazards. In 2021, according to the report published by the United Nations Environment Programme, the pollution caused by conventional chemicals poses a major threat to planet.
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