Ion Exchange Membrane Market to increase at a CAGR of 3.5% by 2024

Increasing Demand for Pure Water Will Certainly Grow the Market for Ion Exchange Membrane

Global Ion Exchange Membrane Market: Snapshot

Ion Exchange Membrane find vast usages in a variety of applications such as electrodialysis, waste water treatment, chromatographic separation, electrolysis, and desalination. This is due to its property of ultrafiltration, microfiltration and separation of various substances. Ion exchange membranes are available in terms of different charges, different materials and different structure for filtration of varied substances.

According to the report, the global ion exchange membrane market is likely to exhibit a 3.4% CAGR over the period between 2016 and 2024.

Heterogeneous Membranes to Remain Most in-Demand Variety

The market is segmented base on the structure of ion exchange membrane into homogenous and heterogeneous membranes. Homogeneous membranes are manufactured by adding ionizable functional groups to a polymeric film. These membranes are expensive and have a smooth surface and thinner composition with lower resistance. Their surfaces are less liable to fouling and could be modified to alter the membrane permselectivity to protons, monovalent ions, and divalent ions.

However, heterogeneous membranes, produced from ion exchange resins mixed with a binding polymer solution, are most consumed type of ion exchange membranes due to lower cost and availability in a variety of grain to biding polymer ratios. The ratio of grain to binding polymer determines the electrical and mechanical properties of the membrane. The segment of heterogeneous membranes is expected to rise at a rapid rate during the forecast period.

Asia Pacific Market to Remain Leading Regional Contributor

Geographically, the market in Asia Pacific accounted for more than 35% share of the overall market in 2015. Increasing demand for ion exchange membranes in applications such as electrolysis, chromatographic separation, electrodialysis, desalination, treatment of waste water, and the treatment of radioactive liquid waste has been the prominent factor driving the market in the region. North America and Europe cumulatively held more than 40% share of the total consumption of ion exchange membranes in 2015. The market in these regions is anticipated to exhibit stable growth during the forecast period.

Consumption of ion exchange membranes was high in China in Asia Pacific in 2015. The country was also the world’s leading producer of these membrane in the said year. Factors such as rising population and increasing awareness for waste water treatment were the major factors driving the market in the region. India and ASEAN are anticipated to provide substantial growth opportunities for the ion exchange membrane market in the next few years. Europe followed North America and Asia Pacific in terms of consumption of ion exchange membrane in 2015. The region, holding a nearly 20% of the total ion exchange membrane market in 2015, is anticipated to expand at a CAGR of 2.4% during the forecast period. The market in Latin America is projected to be a beneficial market for ion exchange membrane by 2024, as it is a growing region. Expansion of electronics and food and beverages industries in the region is also projected to propel the demand for ion exchange membranes during the forecast period.

Some of the leading companies operating in the global ion exchange membrane market are The Dow Chemical Company, Ion Exchange Ltd., 3M, ResinTech Inc., Lanxess, and General Electric Company.

Global Ion Exchange Membrane Market: Overview

The report by Transparency Market Research provides analysis and forecast on the global Ion exchange membrane market. Ion exchange membrane helps in transporting ions that are dissolved across conductive polymeric membrane. The ion exchange membrane comprises of a polymeric material. Ion exchange membranes are finding large application in electro dialysis, desalination, and other applications.

Global Ion Exchange Membrane Market: Scope of a Study

The report provides forecasts on the global ion exchange membrane market at the regional as well as at a country level. The forecast is offered for the period from 2017 to 2024 on the basis of value in (US$ Mn) and volume in (Sq. mts) with base year 2016. The report also includes an in-depth analysis of key segments, based on which the market is divided. The report offers a overall view of the global market.

Value-based analysis done on the market provides a detailed information on the value and volume at every stage in the global market. The sheds light on the market drivers, latest trends, challenges, and opportunities for growth for manufacturers in the global market for ion exchange membrane. Key factors affecting the market growth are also provided in the report. Major factors in the market help in identifying opportunities offered for growth in the global ion exchange membrane market. Qualitative and quantitative data is provided in the report to justify key market drivers, challenges, and opportunities. All these market dynamics have been crosschecked by conducting primary research and secondary research. Moreover, the report details on substitutes of ion exchange membrane and their use in the market.

Porter’s Five Forces analysis, SWOT analysis are also offered to understand the level of opportunities and challenges in the global market for ion exchange membrane. The report provides analysis on market attractiveness to offer the market attractiveness index. It also offers analysis on performance of all the segments in the key regions. Market size, growth rate, CAGR, availability of raw material, latest technological development, and factors including legal and environmental have also been provided in the report.

Global Ion Exchange Membrane Market: Segment-wise Analysis

The global ion exchange membrane market is segmented on the basis of charge, material, structure, applications and region. The market has also been further segmented into sub-segments, while regions are further segmented based on the countries. All the segments, sub-segments, regions and countries have been analyzed on the basis of historic, current, and future market trends and new developments.

Region-wise, the report offers detail on the current scenario and forecast on the ion exchange membrane market in various regions including Europe, North America, Asia Pacific, the Middle East & Africa (MEA), and Latin America. In addition, the report also includes analysis of the global ion exchange membrane at country-level including value and volume. Segmentation also includes application of the ion exchange membrane in all the regions given in the report.

Global Ion Exchange Membrane Market: Key Players

The report provides a detailed profiles of all the leading players in the global market for ion exchange membrane. This includes market share of all the major companies currently active in the global ion exchange membrane market. Details provided on the companies include business and financial overview, brand overview, key developments, and long-term and short-term strategies by companies.

The primary and secondary research was conducted to offer data on the market. Sources referred to for detail analysis include annual and financial reports, company websites, investor presentations, and report on new developments. Other sources including statistical and proprietary databases, and news reports, articles, official documents by governments of different countries, and websites of the major companies in the market were also referred.

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