Wilmington, Delaware, United States, March 13, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The market valuation in 2022 for the global ion exchange membrane market was US$ 1.2 billion. The forecasted market valuation of the subject market by 2031 is US$ 1.6 billion. However, this market advancement is at a sluggish CAGR of 3.7%. This market growth is subjected to various uplifting forces, but different hindrances affect the substantial growth of the market.
The industrial gas processing sector has been expanding exponentially, which adds significant value to the market dynamics of the subject market. Water is heavily used in different processes in the industry, so purification is necessary. This creates a surge in the subject market.
With the enhancement in the R&D related to ion exchange membrane technology, an energy-efficient approach could be adopted. This helps several sectors. Consequently, more demand is generated for permeable membranes. Due to this, a positive market force is generated in the market under consideration.
Request a PDF Sample of this Report Now: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17132
Various countries have been facing water shortage issues. Most of them have been short of natural water resources suitable for drinking. Consequently, desalination of seawater has become mandatory. This drives the ion exchange membrane market significantly, as it can purify and desaline the seawater.
Key Findings from the Market Report
- The global ion exchange membrane market is segmented based on the charge of ions, the material of the membrane, its structure, and its uses. Positive charge accumulation can be obtained in the cation exchange membrane. However, the effect obtained by the membrane proves to be reversible.
- Further, hydrocarbon membrane is a key market segment for the subject market, as it provides a high proton conductivity. The main application of the market segment could be seen from the perspective of the process of water electrolysis.
- The homogenous membrane market segment applies in the extracorporeal life support. It allows water plants to treat the sewage water with better efficiency.
- The chromatographic separation is the market segment of the subject market based on applying the ion exchange membrane. The membrane type can make the artificial separation of proteins and enzymes possible.
Regional Profile
- The highest demand for portable water is observed in the Asia Pacific region. Also, contamination of water resources observed due to the rise in population in China and India fuels the requirement for ion exchange membranes. Considering these factors, Asia Pacific has been the market leader.
- Additionally, North America is a crucial contributor to the subject market due to its efficient production of related goods. Similarly, Europe has also been a significant contributor to the market.
- Apart from these regions, the Middle East, Africa, and South America contribute to the market's growth.
Key Developments in the Ion Exchange Membrane Market
- In May 2023, Chemours Company announced a joint venture with BWT FUMATECH Mobility GmbH. With the help of this strategic move, the said organization could create significant progress within the market.
- In May 2023, DuPont acquired Spectrum Plastics Group. This helped the organization gain a significant position within the market by diversifying its product portfolio.
- In December 2023, to gain a significant competitive edge through anion exchange manufacturing, Asahi Kasei invested in Ionomr Innovations Inc.
Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17132
Competitive Landscape
Various key players have been promoting their products and services within a fiercely competitive landscape of the global ion exchange membrane market.
- DuPont is one of these organizations known for a wide range of fabrics and fibers along with several packaging materials.
- Dow produces various plastic additives, resins, and foam control agents. It diversifies its product portfolio by entering the specialty polymers market. The organization is also known for the production of elastomers and plastomers.
- Lanxess AG is known for the production of various catalysts. Furthermore, it produces ion exchange resins, emulsifiers, iron oxide absorbers, etc.
Key Players
- DuPont
- Dow
- Lanxess AG
- 3M
- SUEZ Group
- Toray Industries Inc.
- Merck KGaA
- Ion Exchange Ltd.
- The Chemours Company
- Liaoning Yichen Membrane Technology Co. Ltd.
- Ionomr Innovations Inc.
- FUMATECH BWT GmbH
- Fujifilm Manufacturing Europe B.V.
- AGC Chemicals Americas
- ASTOM Corporation
- ResinTech Inc.
Market Segmentation
Charge
- Cation Exchange Membrane
- Anion Exchange Membrane
- Amphoteric Ion Exchange Membrane
- Bipolar Ion Exchange Membrane
- Mosaic Ion Exchange Membrane
Material
- Hydrocarbon Membrane
- Perfluorocarbon Membrane
- Inorganic Membrane
- Composite Membrane
- Partially Halogenated Membrane
Structure
- Homogenous Membrane
- Heterogeneous Membrane
Application
- Electrodialysis
- Electrolysis
- Chromatographic Separation
- Desalination
- Wastewater Treatment
- Radioactive Liquid Waste Treatment
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Enhance Your Business Now! Acquire Market Insights - Access the Report Now: https://www.transparencymarketresearch.com/checkout.php?rep_id=17132<ype=S
Go through further research published by Transparency Market Research:
Foam Blowing Agents Market - The global market was valued at USD 1.8 Bn in 2021 and it is estimated to grow at a CAGR of 5.7 % from 2022 to 2031 and reach USD 2.9 Bn by the end of 2031.
Smart Carbon Market - The industry was valued at USD 3.1 Mn in 2021 and it is estimated to grow at a CAGR of 16.2 % from 2022 to 2031 and reach USD 12.0 Bn by the end of 2031.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
