Ion Exchange Membrane Market to Reach US$ 1400 Mn by 2026;Rising Awareness about Wastewater Treatment
The global ion exchange membrane market is highly fragmented and competitive with numerous players trying to expand their revenue share globally, reports Transparency Market Research (TMR). Prominent players in the market comprise The Dow Chemical Company, LANXESS, 3M, SUEZ, Toray Industries Inc., Merck KGaA, and Pure Water Scandinavia AB. These companies have adopted the key strategy of mergers and acquisitions to expand their share in the global ion exchange membrane market. For instance, SUEZ acquired GE Water & Process Technologies in 2017 and also created âWater Technologies & Solutionsâ business to prow its revenue share.
To know more, Request Sample@
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=49302
The ion exchange membrane market has encountered remarkable technological innovations on account of the growing demand. Many prominent market players are emphasizing on diversifying their product by increasing their applications. Additionally, optimisation of the manufacturing methods has resulted in development of ion exchange membranes with better chemical stability. Moreover, several companies are working on developing cost-effective and environment friendly ion exchange membranes to expand their share in the global ion exchange market. For instance, Ionomr Innovations have developed a new ion exchange membrane called Aemion that addresses the environmental concerns along with the limitations of sustainability and cost.
The global ion exchange membrane market is anticipated to grow at a CAGR of 3.5% from 2017 to 2026. In terms of applications, the wastewater treatment sector is expected to dominate the market on account of increased usage of ion exchange membranes in water treatments and purification. On the basis of charge, the anion exchange membrane segment holds a prominent share of 37.1% in the ion exchange membrane market on account of its increasing industry applications and demand. Regionally, Asia Pacific accounts for 40% of share of the global ion exchange market owing to tremendous progress in the industrial sector.
For More Information,Request Brochure@
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=49302
Rising Awareness about Wastewater Treatment to Usher the Marketâs Growth
An increasing awareness about wastewater treatment across the globe has played a significant role in propelling the growth of global ion exchange membrane market. Numerous companies are engaged in manufacture of ion exchange resins for wastewater treatment, thereby propelling the marketâs growth. In addition to this, the stringent environmental control policies laid down by the government has played a major role in driving the growth of global ion exchange membrane market.