Utilization of Anion Exchange Membranes (AEMs) to Meet Demand in Battery Applications Drives Sizable Sales Ion Exchange Membrane Market: TMR

  • Aug 06, 2020
  • PR Newswire

ALBANY, N.Y, Aug. 5, 2020 /PRNewswire/ -- Range of polymers and ion exchange resins are utilized in making ion exchange membranes that find proliferating use in water treatment and desalination, gas separation, power generation, and fuel cells. Fuel cell manufacturers increasingly prefer anion exchange membranes. This aside, manufacturers in the ion exchange membranes market see substantial opportunities in battery technology applications, notably zinc-air batteries and vanadium redox flow batteries.

The global opportunities in the ion exchange membranes market are projected to climb to ~US$ 1 Bn by 2027-end, garnering a CAGR of 3.5% during 2019 – 2027.

Analysts at Transparency Market Research assert that in post-COVID-19 era, players in the ion exchange membrane market should focus on realigning their strategic frameworks, including improving the onsite recovery of chemicals for heavy industries.

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Ion Exchange Membrane Market: Key Driving Factors and Promising Avenues

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On the regional front, Asia Pacific and North America have been lucrative markets. Of the two, the revenue in the former has been rising at remarkable pace in recent years. The Asia Pacific ion exchange membrane market held the leading share in 2018, and is expected to witness sizable opportunity in the next few years.

The growth of this regional market to a large extent can be attributed to the prospective demand for low-pressure ceramic membranes in water purification application. Further, governments in China, India, and Thailand have been making substantial investments in water purification and water desalination infrastructures to meet the demands for potable water among the populations.

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The Ion Exchange Membrane Market can be segmented as follows:

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