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on Exchange Membrane Market Expected to Reach US$ 1400 Mn by 2026
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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.
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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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