Butane Gas Cartridges Market
REPORT DESCRIPTION
Ion Exchange Membrane Market - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2016 - 2024
The global ion exchange membrane market features the presence of a large number of suppliers , dominance of regional companies in several key markets , and growth dynamics that is highly dependent on long term contracts , and goodwill of companies , observes Transparency Market Research in a recent report . Local manufacturers with integrated operations have competitive advantage owing to the easy access to low-cost raw materials and lessened effect of volatility in raw material costs commonly observed in the global market . According to Transparency Market Research , the global ion exchange membrane market will exhibit a moderate 3.5 % CAGR over the period between 2016 and 2024 , rising from a valuation of US $ 868.8 mn in 2015 to US $ 1,178.2 mn by 2024 .
In terms of material , inorganic membrane is the most commonly consumed ion exchange membrane , as it offers high selective separation of gases such as hydrogen and oxygen . The segment presently accounts for the dominant share in the global ion exchange membrane market and is expected to retain dominance over the forecast period as well . In terms of geography , Asia Pacific dominated the ion exchange membrane market in 2015 . This trend is expected to continue during the forecast period due to the increasing demand for ion exchange membrane in industries such as pharmaceuticals , healthcare , electronics , and power generation .
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Rising Usage across Water and Wastewater Treatment Industry to Drive Market The key factors driving the global ion exchange membrane market include the widening scope of the global water and wastewater treatment industries and the vast rise in usage of ion exchange membranes in the industrial gas processing segment . Of these , the use of ion exchange membranes in the water and wastewater industries is expected to have a significant and lasting positive influence on the overall development of the global ion exchange market over the next few years .
Transparency Market Research
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