Press Release

Global Ion Exchange Membrane Market to Grow at a CAGR of 3.60% During 2024-2032, Aided by the Rising Application of the Product in the Electrodialysis Process

Global Ion Exchange Membrane Market

According to a new report by EMR titled, ‘Global Ion Exchange Membrane Market Report and Forecast 2024-2032’, the market for ion exchange membrane is expected to grow at a CAGR of 3.60% between 2024 and 2032.

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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Market Breakup by Material, Charge, Application, and Region:

  • The market is segmented based on material into hydrocarbon membrane, perfluorocarbon membrane, inorganic membrane, composite membrane, and partially halogenated membrane.
  • Based on charge, the market is divided into cation, anion, amphoteric ion, bipolar ion, and mosaic ion.
  • The major applications of the product include electrodialysis, electrolysis, storage batteries, and water treatment, among others.
  • Region-wise, the global market for ion exchange membrane can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • The global market for ion exchange membrane is being driven by the rising application of the product in electrolysis and electrodialysis.
  • The rising investments in water treatment projects are likely to propel the demand for ion exchange membrane.
  • The rapid urbanisation and industrialisation in emerging economies of the world are anticipated to aid the market growth in the coming years.
  • The market is further expected to be aided by the rapid increase in desalination projects owing to the rising global concerns about water scarcity.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for ion exchange membrane for the periods (2018-2023) and (2024-2032). 
  • The report also offers historical (2017-2022) and forecast (2024-2032) market information for the materials, charges, applications, and major regions of ion exchange membrane.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

 

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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