Ion Exchange Membrane Market worth $1.4billion by 2030, at CAGR of 3.7% – IndustryARC

According to the latest market research report on the Ion Exchange Membrane Market, published by IndustryARC, Anion exchange membrane(AEM) charge analysis is estimated to experience the fastest CAGR of 4.1% during the forecast period of 2024-2030. The benefits of AEMs are selective transport anionic charge, a lower crossover of cationic redox couples, and fast reaction kinetics in the energy transfer process.

The Ion Exchange Membrane Market research report is segmented By Charge Analysis (Cation Exchange Membrane, Anion Exchange Membrane, Amphoteric Exchange Membrane, Bipolar Exchange Membrane, Mosaic Exchange Membrane), By Material (Hydrocarbon Membrane, Perfluorocarbon Membrane, Inorganic Membrane, Composite Membrane, Partially Halogenated Membrane), By Application (Electro Dialysis, Electrolysis, Chromatographic Separation, Desalination, Waste Water Treatment, Radioactive Liquid Waste Treatment). By Structure (Heterogenous Membrane, Homogenous Membrane), By Geography [North America (U.S., Canada, Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Taiwan, Malaysia, Hong Kong, Rest of Asia Pacific), South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica, Rest of South America), Rest of World (Middle East, Africa)] which provides comprehensive analysis of global market & industry forecast (2024-2030).

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Asia Pacific Anticipated to Show the Fastest Growth in the Market: 

Asia Pacific is estimated to be the fastest-growing region in Ion Exchange Membrane Market. The increasing R&D by the key players present in this country along with supportive policies and initiatives for the advancements in Ion Exchange Membrane Market by the government is helping the growth of the market.

India in the Asia Pacific region is projected to grow with the fastest CAGR of 6.10% during the forecast of 2024-2030. In India, EPA (the United States Environmental Protection Agency) is mandated by the Safe Drinking Water Act (SDWA) to create legislation to protect human health from pollutants in drinking water. These Acts establish national standards for drinking water and ensure compliance with those requirements thereby driving the market. Increased investments in the construction sector by governments of countries like China, India, and Thailand are further predicted to drive the Asia-Pacific Market.

Ion Exchange Membrane Market 2023-2030: Scope of the Report         

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Ion Exchange Membrane Market Report – Key Takeaways:

ElectrolysisApplicationis Leading the Market

Ion exchange membranes (IEMs) have great potential in diverse applications of electrolysis and play prominent roles in addressing energy and environment-related issues. As a result of its academic and industrial importance, the development of IEMs using electrolysis has drawn significant research attention in terms of materials, processing, and applications.Recently, substantial developments have been made in the progress of fuel cell performances. Since water is readily available, they are an ideal source for hydrogen production. Because of the purity of the hydrogen produced and its compatibility with all electricity sources, hydrogen production by water electrolysis using an ion exchange membrane at low temperatures is the most promising.

Increasing Demand in Water and Wastewater Treatment Plants is Poised to Increase the Ion Exchange Membrane Market Growth

The increasing concerns about clean water for drinking and sanitation help to raise the demand for ion exchange membranes as they are used in removing impurities from contaminated water and are boosting the growth of this market. The Safe Drinking Water Act (SDWA) helps to protect the quality of drinking water in the U.S. and this act requires EPA (Environmental Protection Agency) to establish regulations. The act authorizes EPA (Environmental Protection Agency) to develop national drinking water standards.

Rising Health Concerns Owing to Non-ionized Organic ContaminationHinder the Market

Ion exchange membranes can be a source of contamination during the filtration or separation process which increases health concerns and is challenging the growth of this market. During the filtration process, ion exchange membranes are unable to completely filter or remove bacteria or any other microorganisms and get contaminated with microbes that are challenging the growth of this market.

GrowingOpportunities in Pharmaceutical Industries

In the pharmaceutical Industry, ion exchange membranes are used for the purification of drugs and are used to mask the taste and smell of drugs increasing the demand and driving the growth of this market. In electrolysis plants, chlor-alkali ion exchange membranes are mostly used help to separate the sodium and chloride ions of the sodium chloride and are driving the growth of this segment.

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Key Opportunity Analysis:

Adoption of Ion Exchange Membrane in Chromatographic Separation

Ion exchange membrane contributes to the purification of anthrax protective antigen (PA) protein from Escherichia coli lysate by using the chromatography technique which is a high-resolution separation technique that increases the adoption of chromatographic separation in ion exchange membrane and increases opportunities for the growth of this market.Companies such as Merck provide a CoPrime Biochromatography system for the purification of monoclonal antibodies, vaccines, plasma, and therapeutic proteins which increases the use of chromatographic separation and are increasing opportunities for the growth of this market.

Development of New Technologies in Ion Exchange Membrane Manufacturing

Recent technological advancements such as the use of ion-exchange membranes hybridized with laser-induced graphene (LIG) set to develop membranes with functional surface effects such as antifouling, antibacterial, or joule heating effects similar advancements in ion transport membrane technology for oxygen and syngas production is predicted to drive the market growth.On 9 August 2019, Ion Exchange (India) launched its new research & and development Centre that helps to develop new membranes related to water, wastewater treatment, process separation and purification, specialty process application, and catalysis.

Increasing Demand in the Food and Beverage Industry

Increasing demand for processed food with purity specification and rising consumer demands on various sweetener products to meet the quality standards increases the use of ion exchange membranes as it provides better purification of processed foods which increases the opportunities for the market growth.In India, the ultra-processed food industry has grown at a compound annual growth rate of 13.37% in retail sales value between 2011 and 2021, according to research by the Indian Council for Research on International Economic Relations and the World Health Organisation.

The application of ion exchange membranes in the food industry is growing as it provides better selectivity, easy operation, high automation, and reduced cost and pollution recently, nanofiltration, microfiltration, ultrafiltration, and reverse osmosis have mostly been used in the food industry. Owing to this, the demand for ion exchange membranes is increasing.

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The Report also Covers the Following Areas:

• Ion Exchange Membrane Market Size and Forecast
• Ion Exchange Membrane Market Trends
• Ion Exchange Membrane Market Analysis by Type

Ion Exchange Membrane Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2024-2030
• Value Chain analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Ion Exchange Membrane market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Ion Exchange Membrane Market

Covid and Ukrainian Crisis Impact:

• The COVID-19 pandemic has caused significant disruptions in global supply chains which has impacted the availability and cost of raw materials as well as the transportation of finished products. This has resulted in increased lead times, reduced production, and higher costs. Additionally, the pandemic has caused delays in investment in new capacity and infrastructure which could impact the long-term supply and demand dynamics in the market.
• The Ukraine and Russia conflict led to an increase in prices and a reduction in production which further led to a shortage of Ion Exchange Membrane. Many companies have shut business in Russia; temporarily shutting down their plants in Ukraine. Additionally, the crisis in Ukraine has also led to a reduction in investments in the Ion Exchange Membrane market as companies are hesitant to invest in a region that is facing political and economic instability. This could impact the long-term supply and demand dynamics of the market.

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List of Top Companies in the Ion Exchange Membrane Market:

The Global Ion Exchange Membrane Market is moderately concentrated as the majority share is held by the leading Ion Exchange Membrane providers.

The key companies profiled are listed below:

1. 3M
2. AGC Chemicals
3. DuPont de Nemours, Inc.
4. Fujifilm Holdings Corporation
5. Evergreen Technologies Pvt Ltd.
6. Resintech Inc.
7. Hyflux Ltd.
8. SUEZ
9. Merck KGaA
10. LANXESS

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Ion-Exchange Resins Market – Ion-Exchange Resins Market size is projected to reach US$1.95 billion by 2028, after growing at a CAGR of 5.2% during the forecast period 2023-2028 owing to therising awareness about water purification, particularly in industrial applications.

Weak Acid Cation Exchange Resin Market – The Weak Acid Cation Exchange Resin Market is projected to grow at an estimated CAGR of 3.6% between 2023-2028.The expanding efforts of a government organization to improve water quality, advancements in wastewater treatment, the rise in worldwide energy consumption, and the quick development of the power industry are the main factors propelling the weak acid cation exchange resin market.

Ionic Liquids Market – The Ionic Liquids Market is projected to grow at a CAGR of 18.1% between 2023-2028.The market is being driven by the growing need for ionic liquids as a green solvent for several biochemical activities in green chemistry.

Membrane Separation Technology Market – The Membrane Separation Technology market size is estimated to reach US$26.2 billion by 2028 after growing at a CAGR of 5.8% during the forecast period 2023-2028.Its rise is being influenced by the thriving use of membrane separation technology to remove carbon content from multiple vent sources during the manufacturing of metals like steel.

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