From GlobeNewswire: 2025-02-24 10:00:00

The ion exchange membranes market is growing due to increased adoption in water treatment, energy storage, and chemical processing, projected to reach $2.06 billion by 2032 with a 5.73% CAGR. Demand is driven by clean water needs, environmental regulations, renewable energy integration, and government initiatives supporting cleaner energy solutions.

Asia-Pacific leads the market with 40% share in 2023, driven by industrialization, water treatment investments, and key market players in countries like China and Japan. Rising demand for clean water, renewable energy development, research in advanced membrane technologies, and applications in various industries contribute to regional growth.

In market segmentation, the water treatment segment dominated in 2023, accounting for 50% market share, driven by the need for freshwater resources and advancements in purification technologies. Hydrocarbon membranes held the largest share at 40%, favored for their performance and versatility in various applications. Cation exchange membranes led with 45% market share, widely used in electrodialysis, fuel cells, and water treatment.

Recent developments include DuPont expanding ion exchange membrane production for water purification and energy storage, and Lanxess introducing new anion exchange membranes for desalination and chemical processing. These advancements align with the market’s focus on sustainability and resource conservation. The Ion Exchange Membranes Market Report for 2024-2032 is now available for purchase. The report includes in-depth research methodology, analysis of market dynamics, statistical insights, competitive landscape, and segmentation by type, application, and end user. Regional analysis and company profiles are also provided. For more information, visit https://www.snsinsider.com/checkout/5607

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Read more at GlobeNewswire: Ion Exchange Membranes Market Projected to Reach USD 2.06