Pune, India, July 20, 2020 (GLOBE NEWSWIRE) -- The global Hydrocarbon Ion Exchange Membranes Market Size is estimated to be USD 300.0 million in 2020 and is projected to reach USD 408.2 million by 2028, growing at a CAGR of 3.9% from 2020 to 2028. Various industries that require selective separation to maintain water quality standards are expected to fuel the market growth over the forecast period. Rise in wastewater treatment projects in developing economies are expected to create beneficial opportunities for the market growth during the forecast period.
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Very few applications of ion-exchange membranes are well established processes such as the electrolytic chlorine–alkaline synthesis and the water desalination by electrodialysis. On the other hand, majority of applications of Hydrocarbon Ion Exchange Membranes are in development stage which includes the redox flow batteries and many others. Furthermore, Hydrocarbon Ion Exchange Membranes have significant potential in diverse applications and it will play important roles in environmental and energy related issues.
Hydrocarbon Ion Exchange Membranes Market, by End user:
On the basis of end users, the hydrocarbon ion exchange market is bifurcated into automobiles, chemical process industry, water and waste water treatment, pharmaceuticals and others. Out of which, water and water treatments accounted for the largest share of the global Hydrocarbon Ion Exchange Membranes, by end users in 2019. The largest share of this market is mainly attributed to the increased use of Hydrocarbon Ion Exchange Membranes in water & wastewater treatment. As the regulations get more stringent, the demand for ion exchange membrane in water applications is expected to increase further during the forecast period.
However, pharmaceutical is expected to grow at the fastest CAGR during the forecast period.
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AGC Asahi Glass (AGC) Launched Eco-friendly Technology
In 2017, a world-leading manufacturer of chemicals, glass, and functional materials, AGC Asahi Glass (AGC), announced launch of “FORBLUE™”, the new functional brand for separating chemical substances, a brand for providing AGC’s eco-friendly technology. On November 6, 2017, AGC introduced new fluorinated sulfonic acid ion exchange membranes “FORBLUE™ S-series”. For the purpose of separating chemicals, S-series consists of several membrane grades possessing a wide range of ion exchange capacity and cation selectivity, which enables them to be used in a variety of electrodialysis and electrolysis applications.
Hydrocarbon Ion Exchange Membranes Market, by Region:
Asia Pacific accounted for the largest share of the Hydrocarbon Ion Exchange Membranes, by region in 2019. Moreover, this market is also expected to grow at the fastest CAGR during the forecast period. The growth of the Hydrocarbon Ion Exchange Membranes market in the region is primarily due to its high demand from power, chemical & petrochemical, food & beverage, and electrical & electronics industries. The world is witnessing a scarcity of fresh water for both industrial as well as domestic purposes, and the need for re-use and recycling of water is expected to propel the Hydrocarbon Ion Exchange Membranes market growth. Furthermore, increasing urbanization augmented by rising disposable income of the population is contributing to the increasing demand for potable water. In addition to this, majority of dominating players are from Asian region especially from Japan.
Some major findings of the global Hydrocarbon Ion Exchange Membranes market report include:
- Major global market trend & forecasts analysis along with the country specific market analysis up to 27 countries
- In-depth global Hydrocarbon Ion Exchange Membranes market analysis by charge, application, end users, and regions with analysis of trend-based insights and factors
- Major key market players operating in global Hydrocarbon Ion Exchange Membranes market that include are Agc Inc, Astom Corporation, Fumatech Bwt Gmbh, Ionomr Innovations Inc., Ion Exchange Ltd., 3 Separation Systems, Saltwater Technologies, Lenntech Water Treatment Solutions, Resintech In, Axeon Water Technologies.
- Competitive benchmarking, product offering details, growth strategies adopted by the leading market players along with their major investments in last five years
- Micro, Macro analysis factor analysis across the regions along with the drivers, restrains, opportunities, challenges, guidelines and regulations that are prevailing in the global Hydrocarbon Ion Exchange Membranes market
- In depth Porter’s, value chain and Porters analysis of the market
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Browse important industry insights in the report titled, “Hydrocarbon Ion Exchange Membranes Market, By Charge (Cations, Anions, Bipolar Ions And Others), By Application (Electrodialysis, Electrolysis, Storage Batteries And Others), By End Users (Water And Waste Water Treatment, Chemical Process Industry, Pharmaceuticals, Automobiles And Others) By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, And Rest Of The World) – Market Size & Forecasting To 2028’ in depth analysis along with the table of contents (ToC).
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