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Water Intensive Sector Propelling Growth of Membrane Chemicals Industry: FMI
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The membrane chemicals industry is set to grow over 6% CAGR, driven by demand in wastewater treatment and advanced water management solutions, according to FMI.
The membrane chemicals industry thrived on the growing demand from municipal, power, and food & beverages sectors in the past years, while the pandemic outbreak changed the scenario temporarily earlier in 2020. While decline in demand impacted the industry, recovery of food & beverages, chemicals, and other sectors has been key to excel for manufacturers and suppliers since the last quarter of 2020.
The membrane chemicals Market is forecast to ascend at over 6% CAGR attracting more potential stakeholders as stated in the latest revised report by Future Market Insights (FMI). With the rise in requirement for efficient and advanced water management solutions, scale inhibitors and dechlorinants are projected to register impressive growth during the forecast period of 2021 to 2031.
Though the outbreak of the COVID-19 pandemic temporarily halted the industry growth, earlier in 2020, the steadily recovering end-use sectors such as chemical, food & beverages, and power made manufacturers and suppliers optimistic again.
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According to the report by FMI, the global industry will be driven by the growing requirement for recycling waste water and potential water treatment solutions, while the focus of stakeholders will be on the United States, Germany, Canada, China, the United Kingdom, France, Italy, and a few other lucrative countries throughout the forecast period.
The latest revised edition of the ‘membrane chemicals’ market study published by the Future Market Insights (FMI) thoroughly analyze the global industry potential and growth scope. The report also provides detailed insights of new trends and demand-supply patterns across 20+ countries with special emphasis on the leading regions such as North America, Europe, and Asia Pacific during the forecast period of 2021 to 2031.
“With the demand for scale inhibitors, dechlorinants, and biocides becoming prominent in filtering solids and other water impurities, industry players are subject to come across lucrative growth scope in the near future,” says an FMI analyst.
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Key Takeaways from Market Study
The global membrane chemicals industry offers cut-throat competition to key players. In order to sustain their leading positions, key players are focusing on both quality and quantity of their products.
For instance,
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The article discusses the growth of the membrane chemicals industry, driven by demand in water management and treatment sectors.
How is the membrane chemicals industry expected to grow? It is forecasted to grow at over 6% CAGR through 2031.
Which regions are leading in this industry? The United States, Germany, and Asia Pacific are key regions.
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