The Global Ion Exchange Membrane Market accounted for USD 935.9 million in 2020 at a CAGR of 2.8% during the forecast period. Ion exchange membranes are semipermeable membranes that have an ionic capability built into the support of the membranes. The ionic classes allow the concentration, separation, or exclusion of ionic species from a fluid flow. Two categories of ion exchange membranes are cationic and anionic exchange membranes.
Ion exchange membranes are the membranes that include the electrochemical properties with membrane permeability of ion exchange resins. They are usually used in the desalination of seawater, treatment of industrial effluents and brackish water. Membrane capacitive de-ionization is an energy-efficient brackish water desalination technology in which ion-exchange membranes aid as selective gates, permitting counter-ions to flow towards the carbon electrodes. Ion exchange membrane are used for energy transfer, mass separation, storage processes, and chemical synthesis. Thus, these factors will drive the market during the forecast period.
Fuel cells use ion-exchange membranes to control a harmless and cleaner environment. They are important facilitator for providing green energy at any scale and complement green energy efforts. Thus, growing demand for green energy is expected to contribute in market growth.
Purification and separation are among the applications where ion exchange membranes are extensively used. Membrane technology has various advantages, like low maintenance costs, high energy efficiency, and eco friendliness. Concerns about clean drinking water and hygiene have grown in recent years around the world, which could increase the demand for ion exchange membranes as they are used to remove impurities from contaminated water.
Impact of COVID-19 on Global Ion exchange membrane Market
The COVID-19 crisis has a severe impact on the market, and it is expected to continue to have revenue and cost effects on drinking water utilities in various parts of the world. This has also affected reducing non-payment shutoffs, expected increased delinquencies due to high unemployment rates, decreases in non-residential water demand and related revenues offset by rises in residential use, and lower customer growth. The ion exchange membrane is the one of the most important components of drinking water utilities. Therefore, COVID-19 pandemic has negatively impacted the ion exchange membrane market.
