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

TMR

- Ion Exchange Membrane Market to Reach Valuation of ~US$ 1 Bn by 2027, Growing Production of Proton and Cation Exchange Membranes to Bring Advancements in Zinc-Air Batteries and Fuel Cells

- Extensive Demand for Anion Exchange Membranes in Various Water Purification Applications in Asia Pacific to Help Regional Market Expand Promising Pace During 2019 – 2027

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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Key Findings of Ion Exchange Membrane Report

• Of the various types of charges, anion exchange membranes held a sizable market share in 2018
• Cation exchange membrane segment to clock a CAGR of 3.3% during 2019 – 2027
• Of the various structures, heterogeneous structures to gain popularity in ion exchange membrane market
• Geographically, Asia Pacific is the top market in 2018
• Ion exchange membrane market features a fairly consolidated landscape

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Ion Exchange Membrane Market: Key Driving Factors and Promising Avenues

• One of the key factors for sales in the ion exchange membranes market pivots on the utilization of ion exchange membranes in wastewater treatment, both for commercial and industrial use. This is an increasing trend in industrialized nations.
• Fuel cell manufacturers world over are increasingly utilizing attractive properties of AEMs, thus boosting the market.
• Rising zinc-air battery applications is bolstering creation of opportunities for chemical manufacturers in the market. They are increasingly focused on improving the alkaline stability and conductivity in improving performance of ion exchange membranes
• Strides in the industrial oil and gas-processing sector are spurring the demand for ion exchange membranes in the market
• Growing demand for cation exchange membranes is underpinned by their cost-effectiveness and ease of production.
• Demand for alkaline metal-air batteries to improve stability of electrical grids in energy sectors is boosting the market.

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