Ion
Exchange Membrane Market: Introduction
The global ion exchange
membrane market is expected to be valued at ~US$
1 Bn by 2027, expanding at
a CAGR of 3.5% during the forecast period.
Rise in demand for clean drinking water and governmental initiatives to ensure
supply of clean water are key factors driving the ion exchange membrane market.
Additionally, increase in scarcity of water is boosting the ion exchange
membrane market.
Key Drivers of Ion Exchange
Membrane Market
The global
ion exchange membrane market is primarily driven by growth of the global
wastewater treatment industry. The membrane filtration technology is mostly
utilized for wastewater treatment. Demand for the wastewater technology has
been rising over the last few years, due to increase in demand for purified
water. The expansion of the global industrial oil & gas processing sector
is projected to drive the global ion exchange membrane market during the
forecast period. Water is utilized in various processes in the oil & gas
industry, and is highly contaminated and harmful for water bodies. Hence,
companies undertake measures to purify this water and then discharge it into
the sea or reuse it internally.
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Anion Exchange Membrane to Offer
Lucrative Opportunities
The anion
exchange membrane segment held a prominent share of the ion exchange membrane
market in 2018. However, its dominance is
expected to be surpassed by the anion exchange membrane segment during the
forecast period. Anion exchange membranes are employed widely owing to their
rising usage in water purification. Cation exchange membranes are also extensively
used in water purification. The cation exchange membrane segment is expected to
expand at a CAGR of 3.3% during
the forecast period. Production of cation exchange membranes is inexpensive and
less complicated as compared to that of anion exchange membranes.
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Heterogeneous Structure Offers
Useful Properties
Based on
structure, the ion exchange membrane market has been bifurcated into homogenous
membrane and heterogenous membrane. The classification is based on the degree
of heterogeneity in the membrane structure. Heterogeneity provides useful
properties such as permselectivity, conductivity, and mechanical and chemical
stability. It also positively affects the ionic and electrical transfer
behavior of the ion exchange membrane during the operation. The heterogenous
membrane segment dominates the ion exchange membrane market.
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Asia Pacific Holds Prominent Share
of Ion Exchange Membrane Market
In terms of
region, Asia Pacific accounted for leading volume share of the global ion
exchange membrane market in 2018, due to the
rise in investments by governments of countries such as China, India, and
Thailand in the construction sector. North America and Europe hold vital share
of the global ion exchange membrane market, led by the presence of
well-established players in these regions. The ion exchange membrane market in
Asia Pacific is likely to expand at a rapid pace during the forecast period,
owing to the substantial increase in water recycling and industrial wastewater
management activities in developing economies such as China and India.
Key Players in Global Market
The global
ion exchange membrane market is consolidated, with the presence of a number of
large manufacturers. Companies operating in the global ion exchange membrane
market are investing significantly to expand their product specifications and
improve distribution networks. Major players operating in the ion exchange
membrane market include DuPont, The Dow Chemical Company,
LANXESS AG, 3M, SUEZ, Toray Industries Inc., Merck KGaA, and Ion Exchange Ltd.
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