Global Ion Exchange Membrane Market: Rising Demand for Clean Water to Encourage Increased Demand, says TMR
Ion exchange membrane market was valued at US$868.8 mn in 2015 and is likely to reach US$1,178.2 mn in 2024, expanding at a CAGR of 3.5% over the period between 2016 and 2024
Ion exchange membrane market was valued at US$868.8 mn in 2015 and is likely to reach US$1,178.2 mn in 2024, expanding at a CAGR of 3.5% over the period between 2016 and 2024
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<strong>Ion</strong> <strong>Exchange</strong> <strong>Membrane</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Ion</strong> <strong>Exchange</strong> <strong>Membrane</strong> <strong>Market</strong>-<strong>Global</strong> Industry Analysis, Size, Share, Growth Trends, and Forecast<br />
2016 - 2024<br />
The global ion exchange membrane market features the presence of a large number of suppliers,<br />
dominance of regional companies in several key markets, and growth dynamics that is highly<br />
dependent on long term contracts, and goodwill of companies, observes Transparency <strong>Market</strong><br />
Research in a recent report. Local manufacturers with integrated operations have competitive<br />
advantage owing <strong>to</strong> the easy access <strong>to</strong> low-cost raw materials and lessened effect of volatility in<br />
raw material costs commonly observed in the global market.<br />
According <strong>to</strong> Transparency <strong>Market</strong> Research, the global ion exchange membrane market will<br />
exhibit a moderate 3.5% CAGR over the period between 2016 and 2024, rising from a valuation<br />
of US$868.8 mn in 2015 <strong>to</strong> US$1,178.2 mn by 2024.<br />
Get PDF Brochure <strong>for</strong> more Professional and Technical insights :<br />
http://www.transparencymarketresearch.com/sample/sample.php?<br />
flag=B&rep_id=17132<br />
In terms of material, inorganic membrane is the most commonly consumed ion exchange<br />
membrane, as it offers high selective separation of gases such as hydrogen and oxygen. The<br />
segment presently accounts <strong>for</strong> the dominant share in the global ion exchange membrane<br />
market and is expected <strong>to</strong> retain dominance over the <strong>for</strong>ecast period as well. In terms of<br />
geography, Asia Pacific dominated the ion exchange membrane market in 2015. This trend is<br />
expected <strong>to</strong> continue during the <strong>for</strong>ecast period due <strong>to</strong> the increasing demand <strong>for</strong> ion exchange<br />
membrane in industries such as pharmaceuticals, healthcare, electronics, and power generation.<br />
<strong>Rising</strong> Usage across <strong>Water</strong> and Wastewater Treatment Industry <strong>to</strong> Drive <strong>Market</strong><br />
The key fac<strong>to</strong>rs driving the global ion exchange membrane market include the widening scope of<br />
the global water and wastewater treatment industries and the vast rise in usage of ion exchange<br />
membranes in the industrial gas processing segment. Of these, the use of ion exchange<br />
Transparency <strong>Market</strong> Research<br />
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