Global Ion Exchange Materials Market Skyrockets to $4.8 Billion by 2028: Energy Generation, Especially Fuel Cells, Spearheading Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Ion Exchange Materials: Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.
The global ion exchange materials market is set to expand significantly, reaching an estimated value of $4.8 billion by 2028, with a compound annual growth rate (CAGR) of 9% from 2023 to 2028.
This comprehensive report provides detailed insights into the ion exchange materials industry, covering ion exchange resins/beads and membranes, applications, and regional markets. It also delves into the regulatory landscape and government programs influencing the market, with a focus on North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The report emphasizes the use of ion exchange materials in various applications, including energy generation and storage (fuel cell systems, water electrolysis systems, redox flow batteries), water technologies (electrodialysis, ultrapure water generation, water softening, demineralization, wastewater treatment), separation and chemicals production (chlor-alkali processes, ion exchange chromatography, chemical catalysis, metal extraction and purification), power generation and electricity (condensate polishing, nuclear waste remediation), food production (sugar production, beverage production), and pharmaceutical production (drug delivery, isolation and purification of biochemical substances).
Fuel cells are gaining traction as clean energy solutions due to low carbon emissions and high energy efficiency, making them a significant driver for ion exchange materials in energy generation applications. Governments, industries, and consumers are increasingly adopting fuel cells to combat climate change and reduce greenhouse gas emissions, further boosting the market.
Ion exchange materials are also essential in hydrogen storage and delivery systems, enhancing hydrogen adsorption and desorption kinetics in applications like metal hydrides. Ion exchange membranes facilitate safe and efficient hydrogen transport in fueling and distribution systems.
Despite the immense potential, challenges such as regulatory compliance and adherence to water quality standards may hinder market growth. Water treatment applications, including desalination, water softening, and contaminant removal, create significant opportunities, particularly in regions facing water challenges like the Middle East and Southeast Asia.
The Asia-Pacific region, with its growing economies and increasing energy demand, is witnessing substantial developments in the ion exchange materials market. Countries like China, Japan, South Korea, and India are actively promoting hydrogen economies and energy sector growth, contributing to the expansion of ion exchange materials applications.
Companies Mentioned
- 3M
- Astom Corp.
- Axplora
- Agc Inc.
- Bio-Rad Laboratories Inc.
- Chemours (The Chemours Co.)
- Dupont De Nemours Inc.
- Dioxide Materials
- Evoqua Water Technologies LLC
- Eichrom Technologies
- Ecosoft Bwt
- Ecolectro Inc.
- Fujifilm Holdings Corp.
- Ion Exchange (India) Ltd.
- Ionomr Innovations Inc.
- Jacobi Carbons Ab
- Lanxess AG
- Mitsubishi Chemical Group Corp.
- Membranes International
- Purolite
- Resintech Inc.
- Samyang Corp.
- Sunresin New Materials Co. Ltd.
- Saltworks Technologies Inc.
- Suqing Group
- Snowpure LLC
- Solvay Sa
- Taiyuan Lanlang Technology Industrial Corp.
- Thermax Ltd.
Key Highlights:
- The global ion exchange materials market is expected to reach $4.8 billion by 2028, growing at a CAGR of 9% from 2023 to 2028.
- Energy generation applications, particularly fuel cell systems and hydrogen production, are driving market growth.
- Ion exchange materials are crucial for efficient and safe nuclear power operation, removing impurities and radioactive contaminants from cooling water.
- Water treatment applications are on the rise, addressing water scarcity, pollution, and quality issues in various regions.
- The Asia-Pacific region, including China, Japan, South Korea, and India, is a key growth area for ion exchange materials due to government initiatives and energy sector expansion.
Report Features:
- Detailed market analysis with historical revenue data for 2022 and forecasts for 2023-2028.
- Comprehensive market share analysis based on form factor, application, and region.
- Examination of growth drivers, challenges, technology updates, and macroeconomic factors shaping the ion exchange materials market.
- Insights into emerging technologies, ESG trends, and sustainable practices in the industry.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 280 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $3.1 Billion |
| Forecasted Market Value (USD) by 2028 | $4.8 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Chapter 4 Market Dynamics
- Market Dynamics
- Market Drivers
- Market Challenges and Restraints
- Recent Innovations
- Supply Chain
- Raw Material Producers
- Chemical Production Specialists
- Ion Exchange Material Producers
- Commodity Supply Chain
- Semiconductor Manufacturers
- Electronics Equipment Manufacturers
- Original Equipment Manufacturers
- Ion Exchange Equipment Manufacturers
- Distributors
- Engineering, Procurement and Construction Contractors
- Construction/Installation Contractors
- End-users
- Waste Management and Disposal
- Impact of the Russia-Ukraine War on the Market for Ion Exchange Materials
Chapter 5 Market by Form Factor
Chapter 6 Market by Application
Chapter 7 Market by Region
Chapter 8 Esg Developments
Chapter 9 Emerging Technologies and Developments
Chapter 10 Patent Analysis
Chapter 11 M&A and Venture Funding Outlook
Chapter 12 Competitive Intelligence
Chapter 13 Company Profiles
Chapter 14 Appendix: Acronyms
For more information about this report visit https://www.researchandmarkets.com/r/a3k7d1
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