(MENAFN- EIN Presswire)
Ion Exchange Membrane Market
Increasing water salinity is driving global demand for desalination, boosting related processes and technologies.
WILMINGTON, DE, UNITED STATES, December 13, 2024 /EINPresswire / -- The global Ion Exchange Membrane
market , valued at US$ 1.3 billion in 2023, is projected to grow at a CAGR of 6.3% from 2024 to 2034. This growth is expected to double the market size, reaching approximately US$ 2.5 billion by the end of 2034, driven by rising demand in water treatment,
energy storage, and chemical processing applications.
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.
Dive Deeper into Data: Get Your In-Depth Sample Now!
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.
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.
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.
Explore Our Report for Comprehensive Insights!
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
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.
Atil Chaudhari
Transparency Market Research Inc.
+1 518-618-1030
email us here
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN12122024003118003196ID1108988100
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.