Press Release
Press Release
The global market for ion exchange membrane is driven by the rising application of the product in the electrodialysis process, owing to the thriving pharmaceutical and food processing sector, especially in emerging economies. Electrodialysis is used to remove salts and acids from the pharmaceutical and food processing solutions. Moreover, electrodialysis is also used to recover water and valuable metal from industrial liquid wastes. Hence, the growing application of ion exchange membrane in water treatment projects is anticipated to propel the market growth in the forecast period. Moreover, the rising scarcity of water is expected to further boost the demand for ion exchange membrane in the forecast period.
The product is also witnessing increased use in storage battery applications. In February 2021, AFC Energy (OCMKTS: AFGYF) announced the launch of Anion Exchange Membrane (AEM) hydrogen fuel cell test facility in the United Kingdom. This will allow the company enhance the performance of its AlkaMem anion exchange membrane in fuel cell applications and create opportunities for expanding the use of the membrane in other markets.
In terms of region, the Asia Pacific is likely to account for a significant share of the market and is anticipated to witness a considerable growth in the forecast period. The market in the region is driven by the rising investments and favourable government policies aimed towards water treatment owing to the rapid surge in the demand for clean drinking water from both rural and urban areas of emerging nations. Moreover, the rapid urbanisation, industrialisation, and strong foot hold of major manufacturers in the region are anticipated to provide impetus to the market in the forecast period.
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The major players in the global ion exchange membrane market are Merck KGaA, 3M Company, DuPont de Nemours, Inc., Evergreen Technologies Pvt. Ltd., and Membranes International Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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