The new report by Expert Market Research titled, ‘Global Ion Exchange Membrane Market Growth, Size, Report and Forecast 2023-2028’, gives a detailed analysis of the global ion exchange membrane market. Assessments are based on market segments like type, end user, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Ion Exchange Membrane Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3.60%
|Growth Rate CAGR||3.60%|
|Major Players||Merck KGaA, 3M Company, DuPont de Nemours, Inc., Evergreen Technologies Pvt. Ltd.,|
Membranes International Inc., and others
The inorganic membrane segment based on materials of ion exchange membranes holds a major share in the market. This is due to the inorganic membrane’s ability to withstand harsh chemical cleaning, high temperature and wear resistance, excellent chemical stability, long life span, and autoclavability. Rising demand for inorganic membranes in water treatment and desalination applications is expected to drive market growth over the coming years.
Ion Exchange Membrane Industry Definition and Major Segments
A semi-permeable membrane with fixed ionic functionality is referred to as an ion exchange membrane. These membranes are used in a variety of industrial applications to allow the concentration, separation, or exclusion of ionic species during fluid flow.
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Based on the material, the market is divided into:
• Hydrocarbon Membrane
• Perfluorocarbon Membrane
• Inorganic Membrane
• Composite Membrane
• Partially Halogenated Membrane
Based on the charge, the market is divided into:
• Amphoteric Ion
• Bipolar Ion
• Mosaic Ion
Based on the end use, the market is divided into:
• Storage Batteries
• Water treatment
The regional markets for ion exchange membrane include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Ion Exchange Membrane Market Trends
The growing application of the ion exchange membrane product in the electrolysis process is driving the global market. Electrolysis is a crucial stage in the extraction and refining of metals. Rapid urbanisation and infrastructure development in emerging economies support the market.
Furthermore, due to favourable government initiatives, the thriving water and wastewater treatment industry across continents is expected to boost demand for ion exchange membranes. Besides that, the anticipated increase in the use of ion exchange membranes in the electrodialysis process for sea water desalination is expected to boost the market during the forecast period.
Key Market Players
Some major players in the market:
• Merck KGaA
• 3M Company
• DuPont de Nemours, Inc.
• Evergreen Technologies Pvt. Ltd.
• Membranes International Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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