The global ion exchange membrane market features the presence of a
large number of suppliers, dominance of regional companies in several
key markets, and growth dynamics that is highly dependent on long
term contracts, and goodwill of companies, observes Transparency
Market Research in a recent report. Local manufacturers with
integrated operations have competitive advantage owing to the easy
access to low-cost raw materials and lessened effect of volatility in
raw material costs commonly observed in the global market.
According to Transparency Market Research, the global ion exchange
membrane market will exhibit a moderate 3.5% CAGR over the period
between 2016 and 2024, rising from a valuation of US$868.8 mn in 2015
to US$1,178.2 mn by 2024.
This
206 page report gives readers a comprehensive overview of the Ion
Exchange Membrane market.Browse Market Research Report @
In terms of material, inorganic membrane is the most commonly
consumed ion exchange membrane, as it offers high selective
separation of gases such as hydrogen and oxygen. The segment
presently accounts for the dominant share in the global ion exchange
membrane market and is expected to retain dominance over the forecast
period as well. In terms of geography, Asia Pacific dominated the ion
exchange membrane market in 2015. This trend is expected to continue
during the forecast period due to the increasing demand for ion
exchange membrane in industries such as pharmaceuticals, healthcare,
electronics, and power generation.
Rising
Usage across Water and Wastewater Treatment Industry to Drive Market
The key factors driving the global ion exchange membrane market
include the widening scope of the global water and wastewater
treatment industries and the vast rise in usage of ion exchange
membranes in the industrial gas processing segment. Of these, the use
of ion exchange membranes in the water and wastewater industries is
expected to have a significant and lasting positive influence on the
overall development of the global ion exchange market over the next
few years.
Rising awareness regarding the importance of clean and pure water
among masses, encouraging government efforts to ensure proper supply
of the same, and stringent regulations regarding the treatment of
industrial wastewater will boost the usage of ion exchange membranes
in developing markets such as Asia Pacific and Middle East and
Africa. The increased use of industrial gases across industries such
as petrochemical, oil and gas, mining, power, and chemical is also
expected to significantly drive the global demand for ion exchange
membrane in the next few years.
Concerns
Regarding Contamination Caused by Ion Exchange Membranes to Restrain
Market Growth
Studies have demonstrated that ion exchange membranes can themselves
be a source of non-ionized organic contamination. Organics remaining
after manufacture get carried on with new commercial grade ion
exchange membranes, while organic fragments are shed by very old
membranes as the polymer structure opens up due to decrosslinkage of
the material. Such contamination may make ion exchange membranes
unsuitable for many uses.
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It is also often noticed that membrane beds do not filter-out
bacteria or other micro-organisms. In fact, resin beds often act as a
nutrient source as traces of organic matter accumulate after
excessive use and indirectly help in the continued growth of
microbes. Such concerns regarding the undesired side-effects of ion
exchange membranes could hamper the growth prospects of the global
ion exchange membrane market in the next few years.
This review of the market is based on a recent market research report
published by Transparency Market Research titled “Ion Exchange
Membrane Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024.”
For
the study, the global ion exchange membrane market has been segmented
into:
Ion
Exchange Membrane Market – Charge Analysis
- Cation Exchange Membrane
- Anion Exchange Membrane
- Amphoteric Ion Exchange Membrane
- Bipolar Ion Exchange Membrane
- Mosaic Ion Exchange Membrane
Ion
Exchange Membrane Market – Material Analysis
- Hydrocarbon Membrane
- Perfluorocarbon Membrane
- Inorganic Membrane
- Composite Membrane
- Partially Halogenated Membrane
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