The ion exchange membrane market is widely used in water, pharmaceutical, food and beverage and other industries. Ion exchange membranes have gained prominence as separation membranes that can control the transport of ions in solution. They are semi-permeable membranes that provide ion exchange properties. Ion exchange membranes find application in CDI, ion pumps, electrolysis and dialysis among others.
Global ion exchange membrane market is estimated to be valued at USD 1.38 Bn in 2024 and is expected to reach USD 2.14 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Key Takeaways
Key players operating in the ion exchange membrane market are 3M, Ion exchange, Veolia Water Technologies and Solutions, Membranes International Inc., AGC ENGINEERING Co. Ltd, Dioxide Materials, Fujifilm Corporation, Ionomr Innovations Inc., Liaoning Yichen Membrane Technology Co. Ltd, Membranes International Inc., Merck KGaA, ResinTech, Saltworks Technologies Inc., SnowPure, LLC, SUEZ, The Chemours Company, RisingSun, Shandong Hengyi New Material Technology Co.,Ltd, ASIA Chemical. Rising demand from food and beverage industry for purification of food products using ion exchange membranes is a key factor driving market growth. Technological advancements in material of membranes are enabling higher ion selectivity and permeability aiding wider industrial applications.
Market Trends
There is an increasing trend of using environmental friendly and sustainable Ion Exchange Membrane Market Demand made from polymers like polyphenylene oxide. Secondly, development of asymmetric ion exchange membranes through phase inversion technique is enabling lower membrane resistance and higher permeability rates suitable for large scale industrial uses.
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