Ion Exchange Membrane Market (2016-2028) - Global Size, Share, Trends and Key Players || Hyflux Ltd, 3M Corp, The Dow Chemical Company.

Ion Exchange Membrane Market is estimated to reach USD XX billion by 2028

According to the latest report by Quince Market Insights, the Global Ion Exchange Membrane Market is expected to reach USD XX billion by 2028, growing at a CAGR of XX% during the forecast period. The surging demand from the healthcare and electronics sector is expected to propel this ion exchange membrane market during the forecast period.

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What is Ion Exchange Membranes and what are their applications and uses?

Ion exchange membranes are semi-permeable membranes which have an ionic activity in the membrane skeleton. Such ionic species help to isolate, concentrate, or exclude ionic forms from a fluid flow. The global market for ion exchange membrane is driven by increased awareness of water and wastewater treatment, and the need for selective elimination to reach water quality requirements.

In fact, environmentally sound sustainability policies and strict government regulations are beneficial to market growth. But massive capital requirements inhibit this production. The growth of this burgeoning-country market offers a major opportunity to expand the market. The biggest obstacle facing this demand for the ion exchange membrane is to maximize the lifetime of the membrane.

Segmentation for better understanding of this market and its growth prospects as per the report by QMI

Water treatment is the main use of membranes for the ion exchange across different industries. The ion-exchange membranes are used for a variety of applications, including purification and isolation. The membrane technology offers various benefits, such as high energy efficiency, low maintenance costs and is environmentally friendly. Clean drinking water issues for health and sanitation around the world have increased over the past few years, which can fuel the need for ion exchange membranes as they are used to remove impurities from contaminated water.

In India, the Safe Drinking Water Act (SDWA) allows EPA (the United States Environmental Protection Agency) to enforce regulations to protect human health from pollutants in drinking water. The Directive authorizes EPA to establish and ensure compliance with the national standards for drinking water. Hence, due to the aforementioned reasons, water treatment is expected to dominate the market during the forecast period.

Regional fragmentation to understand growth patterns-

The Asia-Pacific area accounted for the largest market share of the ion exchange membrane in 2018 because of strong demand from countries such as India and China. One of the main reasons behind the high demand for ion exchange membranes in Asia-Pacific is public water treatment policies in developing economies in the region, such as China, India, and Indonesia. Economic growth and urbanization in China are also likely to increase demand for ion exchange membranes, as it can lead to increased demand for affordable water treatment systems at the same time.

The need for water conservation and reuse in extremely populated economies, such as China and India, is increasing at a significant pace. Therefore, Asia-Pacific is expected to dominate the ion exchange membrane market over the entire forecast period. In this ion exchange membrane market, especially in countries like Saudi Arabia & UAE, the Middle East is expected to develop at a rapid pace due to increased demand for potable water.

Strategic Factors Impacting Growth of Ion Exchange Membrane Market:

o Growing healthcare demand, because patients require access to bacteria & germ-free drinking water.

o Growing concern over the decline of global freshwater supplies.

o Increasing demand for treatment plants for water & wastewater.

o Maintain an average membrane lifetime.

The report provides insights about the activities of top companies like-

o In 2018 Dow Water Solutions also announced the expansion of its membrane production operation Edina, Minnesota, USA, the third in eight years. The facility will be more than 11 times the size of the original Dow plant and will feature advanced automation technology, more membrane lines and new manufacturing cells, an initial 25 percent increase in total output.

o In 2014, Ion Exchange Ltd. was awarded a major water infrastructure project in Sri Lanka and now wants to pursue similar projects in India, expecting the sector to gain over 40 percent of total revenue over the next three years.

What Does This Report Provide?

This research provides a detailed view of the global ion exchange membrane market during the forecast period, from both qualitative and quantitative perspectives. The study also offers competitive metrics of potential impact during the forecast period on the ion exchange membrane market, and an in-depth review of the leading companies operating on the ion exchange membrane market.

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Top companies playing a crucial role in this market are- The study profiled major companies which are key players in the global ion exchange membrane industry. The Dow Chemical Company, Lanxess Ag, 3 M Corp., Ion Exchange Ltd., ResinTech Inc., General Electric, Hyflux Ltd, Parker-Hannifin Corporation, Axeon Water Technologies, and GEA Filtration...

Market Segmentation:

By Charge:
Cation
Anion
Amphoteric Ion
Bipolar Ion
Mosaic Ion

By Material:
Hydrocarbon Membrane
Perfluorocarbon Membrane
Inorganic Membrane
Composite Membrane
Partially Halogenated Membrane

By Application:
Electrodialysis
Electrolysis
Storage Batteries
Water Treatment
Others

By Region:
North America
By Country (US, Canada, Mexico)
By Charge
By Material
By Application

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Charge
By Material
By Application

Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Charge
By Material
By Application

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Charge
By Material
By Application

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Charge
By Material
By Application

Rest of the World
By Region (South America, Africa)
By Charge
By Material
By Application

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.