Ion Exchange Membrane Market Estimated to Reach US$ 1,178.2 Mn by 2024: Transparency Market Research
05 Dec, 2016, 14:30 GMT
ALBANY, New York, December 5, 2016 /PRNewswire/ --
Transparency Market Research has published a new report titled "Ion Exchange Membrane Market for Electrodialysis, Electrolysis, Chromatographic separation, Desalination, Waste water treatment and Radioactive liquid waste treatment Application - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024." According to the report, the global ion exchange membrane market was valued at US$ 868.8 Mn in 2015 and is anticipated to reach US$ 1,178.2 Mn by 2024, expanding at a CAGR of 3.5% between 2016 and 2024.
Ion Exchange Membrane is widely used in various applications such as waste water treatment, electrodialysis, electrolysis, desalination, chromatographic separation and others. 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.
In terms of charge, cation and anion exchange membrane are the commonly used ion exchange membrane, as these are the basic charged ion exchange membranes available. The demand for amphoteric, bipolar and mosaic ion exchange membrane is expected to grow steadily. Amphoteric, bipolar and mosaic ion exchange membrane are a combination of cation and anion exchange membrane.
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In terms of material, inorganic membrane is the commonly consumed ion exchange membrane, as it offers high selective separation of gases such as hydrogen and oxygen. It is majorly used in industrial gas processing segment. Demand for hydrocarbon membrane is expected to during the forecast period due to its property to act as a chemical resistant barrier to a wide range of pollutants specially hydrocarbons. It is also used for separating other pollutants such as industrial chemicals, toxic waste, natural & radioactive gases and others.
In terms of structure, heterogeneous membrane is the commonly used ion exchange membrane owing to its cost and properties. Heterogeneous membranes are preferred over homogeneous membranes owing to their low costs, thicker composition with higher resistance, and rough surfaces. Homogeneous membranes, on the other hand, are expensive and have a smooth surface and thinner composition with lower resistance.
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In terms of applications, waste water treatment accounted for major share of the ion exchange membrane market in 2015. It is expected to expand significantly during the forecast period due to rising population and growing industries. The usage of ion exchange membrane in electrodialysis and desalination is rising rapidly. This is expected to boost the ion exchange membrane market.
Asia Pacific dominated the ion exchange membrane market in 2015. This trend is expected to continue during the forecast period due to the increasing demand for ion exchange membrane in industries such as pharmaceuticals, healthcare, electronics, power generation, food & beverages and others. Rise in population is another factor that is expected to propel the ion exchange membrane market in Asia Pacific. The ion exchange membrane market is also expanding in regions such as Europe and Latin America.
Major players in the ion exchange membrane market includes The Dow Chemical Company, Lanxess, 3M, Ion Exchange Ltd., ResinTech Inc., General Electric Company and others.
The ion exchange membrane market has been divided into the following segments.
Ion Exchange Membrane Market - Charge Analysis
- Cation Exchange Membrane
- Anion Exchange Membrane
- Amphoteric Ion Exchange Membrane
- Bipolar Ion Exchange Membrane
- Mosaic Ion Exchange Membrane
Ion Exchange Membrane Market - Material Analysis
- Hydrocarbon Membrane
- Perfluorocarbon Membrane
- Inorganic Membrane
- Composite Membrane
- Partially Halogenated Membrane
Ion Exchange Membrane Market - Structure Analysis
- Heterogeneous Membrane
- Homogenous Membrane
Ion Exchange Membrane Market - Application Analysis
- Electrodialysis
- Electrolysis
- Chromatographic Separation
- Desalination
- Waste water Treatment
- Radioactive Liquid Waste Treatment
Ion Exchange Membrane Market - Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Egypt
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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SOURCE Transparency Market Research