Global membrane chemicals market is estimated to witness high growth, owing to rising demand from water & wastewater treatment industry & increasing investments in membrane-based water treatment projects
Global membrane chemicals market is estimated to be valued at USD 2.33 Bn in 2024 and exhibit a CAGR of 6.7% over the forecast period (2024-2031). The market growth is driven by rising applications of membrane chemicals in water & wastewater treatment, desalination, and industrial water treatment. Furthermore, increasing investments in membrane-based water treatment projects and expansion of membrane production capacity can boost demand for membrane chemicals.
Market Dynamics
Global membrane chemicals market growth is driven by increasing demand for clean water and stringent regulations regarding the discharge of industrial effluents. Rising demand for clean water from industrial applications like power generation, oil & gas, mining, and other has spurred investments in desalination and water treatment plants globally. This growing water infrastructure can boost consumption of membrane chemicals for processes like pre-treatment, cleaning, and antiscalants. Stringent environmental regulations mandating industrial units to treat wastewater before discharge can also drive the market growth.
Increasing demand from water treatment industry can drive the membrane chemicals market
Water treatment industry has witnessed significant growth due to growing concerns about scarcity of fresh water sources and stringent regulations regarding wastewater discharge. Membrane technologies such as reverse osmosis, ultrafiltration and microfiltration are increasingly being adopted for water purification in various industrial and municipal applications. These technologies require regular cleaning and maintenance using various membrane chemicals to prevent fouling and improve permeability. As the water treatment industry expands globally to meet rising freshwater demands, there will be huge consumption of membrane chemicals to service the large installed base of membrane plants. Various government initiatives to provide access to clean drinking water in developing nations present lucrative opportunities for membrane chemical manufacturers.
Stringent environmental regulations boosting use of membrane separation processes
Environmental regulations around the world have been tightened to reduce industrial pollution and minimize the usage of hazardous chemicals. Membrane separation processes such as nanofiltration and reverse osmosis have emerged as effective technologies to enable industries to comply with stringent norms. These produce high purity permeates while significantly reducing the volume of waste requiring disposal. The proliferation of environmental legislations globally can promote increased uptake of membrane separation.
High cost of membrane modules can hamper the market growth
High capital cost, especially for large scale commercial and industrial applications, can hamper widespread adoption of membrane technologies. Membrane modules, which are one of the most vital but expensive components, account for a significant portion of overall system costs. Replacing damaged or fouled membrane modules further adds to operating expenses over the lifecycle. This high initial membrane cost deters some potential customers, especially in cost-sensitive developing markets.
Changing trade policies and financing barriers limit exports
International trade is an important factor influencing performance of the global membrane chemicals industry. Uncertainties arising from changing trade policies and agreements can pose challenges. Imposition of new tariffs and non-tariff barriers by major economies disrupts export opportunities. Lack of financing and restricted funding availability in certain developing markets act as a deterrent for infrastructure investments in membrane filtration projects. Tense geopolitical issues also disrupt supply chains. These trade and financing barriers constrain geographical expansion plans of membrane chemicals suppliers.
Opportunities in industrial wastewater recycling and reuse
Increasing applications of industrial wastewater recycling and water reuse practices can offer growth opportunities for membrane chemical providers. With freshwater becoming scarcer and disposal costs rising, many industries are investing in advanced treatment facilities to purify and recycle their wastewater for internal use or controlled discharge. This reduces dependency on external water sources and lowers freshwater consumption. As usage of membrane filtration systems rises for industrial recycling applications, it boosts demand for various membrane cleaning chemicals and antiscalant. Technical expertise to formulate chemicals for difficult wastewaters also boosts sales prospects.
Demand from new market segments in food and life sciences
Emergence of new application areas such as dairy processing, food safety testing and biopharmaceutical manufacturing open up significant prospects for membrane chemicals sellers. Ultrafiltration and microfiltration are commonly used for protein concentration, microbial testing and sterile filtration in these industries. Features like non-thermal pasteurization extend the scope of membrane methods. Rising health consciousness and stringent quality standards in food production promote installation of membranes. Expansions in global biopharma capacity enhance need for large scale separations requiring membrane filtration hardware and supporting chemicals.
Link - https://www.coherentmarketinsights.com/market-insight/membrane-chemicals-market-3658
Key Developments
- In April 2023, Toray Industries received an order for reverse osmosis membranes for the renowned Tseung Kwan O Desalination Plant in Hong Kong. This order underscores the company’s long-standing success in delivering RO membranes globally over the past twenty years and highlights its commitment to providing essential technical support to ensure the stable operation of these plants.
Key Players
Veolia Water, Nalco Holding Company, Kemira Oyj, GE Power & Water, BWA Water Additives U.S., LLC, Genesys International Corporation Limited, H2O Innovation Inc., Reverse Osmosis Chemicals International, King Lee Technologies, and Lenntech BV
