Global Membrane Chemicals Market to Reach US$ 1,734.6 Mn by 2020: FMI
By Business Wire News
By Business Wire News
Future Market Insights (FMI) announces the release of its latest report titled, “Membrane Chemicals Market – Global Industry Analysis and Opportunity Assessment 2014 – 2020”. According to the report, the global membrane chemical market was valued at US$ 1013.8 Mn in 2013 and is projected to display a CAGR of 8.1% between 2014 and 2020.
Increase in demand for effective solutions to prevent membrane fouling and scaling, and industrial output in emerging economies coupled with increasing demand for water treatment are driving factors for the global membrane chemicals market. Though the market is promising in terms of ROI, however, patents and regulatory hurdles along with global shift towards non-conventional energy sources will might pose a challenge to the global membrane chemicals market in the near future.
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By application type, the scale inhibitor is expected to be the dominant segment through 2020. Moreover, biocides segment is expected to double the revenue by 2020, registering double digit CAGR of 12.2% between 2014 and 2020. Furthermore, wastewater treatment segment is anticipated to emerge as the largest end-use segment for the global membrane chemicals market by 2020.
Region-wise, Asia Pacific is expected to surpass the North America in terms of value and volume share by 2020, registering a robust CAGR of 10.1% during the forecast period. The growth in APAC region is attributed to growing contribution from power and chemical industries. Furthermore, Heavy industries such as power and chemical collectively are anticipated to capture 30% of market volume by 2020.
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The report profiles the key strategies and financial outlook of BWA Water Additives, Lenntech, Genesys International, Kemira, and Nalco Holding Company in membrane chemicals market.
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Future Market Insights (FMI) is a leading market intelligence and consulting firm delivering syndicated research reports, custom research reports and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail.