Ion exchange membranes are widely used in various industrial processes, including desalination. The energy efficiency of a membrane system is also increased by introducing an internal flow. As a result, the energy used in desalination processes can be reduced by up to 75%. This technology has numerous potentials and is a viable alternative to traditional desalination. Aside from its mass-separation application, an IEM can also be used in chemical synthesis, energy conversion, and storage processes. Some of the most popular applications include chloroalkali electrolysis, fuel cells, and electrodialysis. Its versatility makes it a valuable addition to any industry.
Market Statistics:
The Global Ion Exchange Membrane Market is estimated to account for US$ 833.7 Mn in terms of value by the end of 2021.
Global Ion Exchange Membranes Market: Drivers
The ion exchange membranes market growth is attributed to increasing awareness of water quality and stringent government regulations. In addition, the increasing demand for water treatment has led to the development of selective separation systems, which improves water quality. Renewable energy is another major growth driver for the ion exchange membrane market. With the depletion of fossil fuels, it has become essential to find alternative means to generate energy.
Global Ion Exchange Membranes Market: Opportunities
Growing awareness of the benefits of ion exchange membranes in water treatment and selective separation is expected to positively shape the market growth. Also, rising demand in emerging economies presents an opportunity for the market. Additionally, the membranes are eco-friendly and low maintenance which is again creating its demand among end-users.
Global Ion Exchange Membranes Market: Restraints
High capital requirements is expected to hinder the growth of the ion exchange membranes market.
Global Ion Exchange Membranes Market - Impact of Coronavirus (Covid-19) Pandemic:
The recent outbreak of coronavirus (COVID-19) is becoming more severe than the great financial crisis in 2007–08. This pandemic is projected to lead to decreased investment and/or postpone the ongoing projects in various industries, such as the water treatment and electronics. COVID-19 had negatively impacted the economic growth in various countries. Countries, such as China, witnessed impacts in the first half of 2020, while other countries where the impact started from March are expected to witness major effects in the second half of 2020.
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Key Takeaways:
The global ion exchange membranes market was valued at US$ 833.7 Mn in 2021 and is forecast to reach a value of US$ 1088.7 Mn by 2030 at a CAGR of X.X% between 2022 and 2030.
Inorganic Membrane segment held dominant position in the global ion exchange membranes market in 2021, accounting for 31.51% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Ion Exchange Membranes Market Trends:
Rapid urbanization across developing countries is creating demand for portable water is acting as a key trend for ion exchange membrane market. According to the National Bureau of Statistics of China, the country’s national water consumption increased from 591 billion cubic meters in 2008 to 601.55 billion cubic meters in 2018. As the country is observing quick urbanization, the demand for potable water is increasing rapidly.
Increasing demand for ion exchange membranes from healthcare industry due to growing prevalence of chronic kidney disease is another key trend for this market. According to the Center for Disease Control and Prevention (CDC), around 15% of the people in the country suffer from chronic kidney disease (CKD) currently. The number of patients has been on the rise since the past few years. This scenario is boosting the demand for the application of ion exchange membranes in the healthcare industry of the country.
Global Ion Exchange Membranes Market: Competitive Landscape
AGC Engineering Co. Ltd, Dioxide Materials, Fujifilm Corporation, Ion Exchange, Ionomr Innovations Inc., Liaoning Yichen Membrane Technology Co. Ltd, Membranes International Inc., Merck KGaA, ResinTech, Saltworks Technologies Inc., SnowPure, LLC, SUEZ, The Chemours Company, and 3M
Global Ion Exchange Membranes Market: Recent Developments
In April 2019, Chemours Company announced a strategic partnership with UniEnergy Technology LLC, a battery manufacturer. This partnership consists of an investment in UET, as well as a long-term and exclusive supply agreement for Nafion ion exchange membranes. The partnership with UET enabled Chemours to further develop and optimize the Nafion product offering up to the industry standard for applications in energy storage.
In April 2019, Chemours Company launched various new products to serve its customers in fast-growing markets, including Nafion NC700 Ion-exchange.
