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.
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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.
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.
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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.
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.
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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
Ion Exchange Membrane Market – Structure
Analysis
- Heterogeneous Membrane
- Homogenous Membrane
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