Press release
Global Ion Exchange Membrane Market Expected to Reach US$ 1400 Million by 2026
Ion exchange membranes are semipermeable membranes that transport dissolved ions (anion or cation) across conductive polymeric membranes. These membranes are made of polymers and ion exchange resins. Ion exchange membranes are used in desalination, electrodialysis, wastewater treatment, and other chemical recovery applications. They transfer ions from one solution to another with little passage of water. The global ion exchange membrane market is expected to expand at a significant pace due to the increase in demand for these membranes in the wastewater treatment industry. The global ion exchange membrane market was valued at US$ 1400 Mn in 2017 and is projected to expand at CAGR of 3.5% during the forecast period.
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Membrane filtration technology is primarily employed in the treatment of wastewater. The water technology market has been expanding since the last few years owing to the rise in demand for purified water. Awareness about water and wastewater treatment is rising across the globe. 70% of Earth comprises water; however, drinking water is scarcely available. Several companies engage in wastewater treatment, recycling of water, zero liquid discharge, packaged drinking water, sewage treatment, and sea water distillation, etc. These companies are primarily involved in the manufacture of ion exchange resins, ion exchange membranes, and specialty chemicals for the treatment of water and wastewater. Expansion in the industrial gas processing industry is expected to boost the ion exchange membrane market. Water is used in various processes in the oil & gas industry; this water is highly contaminated and harmful. Therefore, companies undertake measures to purify water and then discharge it into the sea or reuse it for internal purposes.
Major players operating in the ion exchange membrane market have employed merger and acquisition as a key strategy to expand their network. For instance, in 2015, 3M successfully completed the acquisition of Polypore’s Separations Media business from Polypore International Inc. for US$ 1 Bn. Polypore is a leading provider of membranes for blood treatment and ultrafiltration in life sciences, electronics, and industrial sectors. In 2017, SUEZ finalized the acquisition of GE Water & Process Technologies. At the same time, the company also created the ‘Water Technologies & Solutions’ business. This acquisition is projected to help SUEZ become a prominent player in industrial water services, which covers entire vale chain of water processing.
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Leading players operating in the global ion exchange membrane market include The Dow Chemical Company, LANXESS, 3M, SUEZ, Toray Industries Inc., Merck KGaA, Ion Exchange, Evergreen Technologies Pvt. Ltd., and Pure Water Scandinavia AB.
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