The global pandemic has had a major impact on the global economy and industrial activities on a global scale. Drop in new orders, disrupted supply chains, and lack of workers has impacted operations, and reduced the demand for membrane chemicals in the short term. Despite these factors, according to a recent FMI report, the membrane chemicals market is anticipated to rise at a impressive 8.1% CAGR through the end of the projection period in 2030.
Water intensive applications such as that of waste water treatment plants and smart water grids continue to drive the demand for membrane chemicals even during the pandemic period. Demand for membrane chemicals is expected to surge once industrial restrictions are relaxed towards the end of 2020.