QY Research has lately published a new report titled, “Global Chlor-alkali Ion Exchange Membrane Market,” for the projected period of 7-years, i.e. during 2017- 2024. According to the report, the global Chlor-alkali ion exchange membrane market was valued at US$ 455.71 Mn in the year 2017 and is likely to attain a value of around US$ 526.55 Mn in 2024, at lethargic CAGR of 2.09% during the forecasted period.
Chlor-alkali ion exchange membrane is mainly used at electrolysis plants in which the decomposition of brine is done. It also plays a key important role in the manufacturing of (sodium hydroxide) caustic soda/ (potassium hydroxide) caustic potash, hydrogen basic chemical, and chlorine products that are necessary for our daily lives.
Global market for Chlor-alkali ion exchange membrane: Segmental analysis:
The worldwide market for Chlor-alkali ion exchange membrane is usually segmented on the basis of product and applications. Based on the product, the market is preliminary split into Perfluorosulfonic Acid Membrane, Perfluorocarboxylic Acid Membrane, and Acid Composite Membrane/ Perfluorosulfonic Acid.
Based on applications, the worldwide market for Chlor-alkali ion exchange membrane is mainly segmented into Water Treatment, industry of Chlor-alkali, Electrodialysis, and Water Electrolysis
Global Market for Chlor-alkali ion exchange membrane Market: Competitive Analysis
The worldwide market for Chlor-alkali ion exchange membrane is highly focused on the three dominating companies operating in the worldwide market for Chlor-alkali ion exchange membrane. With the volume share of 46.50%, the Asahi Kasei was the largest key player in 2017. In the Europe and North America region, Chemours has a large number of customers, while AGC is operational in emerging regions. In China, foreign brands occupy a large amount of the share in worldwide market for Chlor-alkali ion exchange membrane. Dongyue Group is the only manufacturer in China whose business is still in the startup stage.
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Global market for Chlor-alkali ion exchange membrane: Regional Analysis
Based on the geography, the global market for Chlor-alkali ion exchange membrane is usually segmented into the Asia Pacific, Europe, North America, the Middle East, and Africa, and South America. Since past few years, with the rising use of caustic soda in developing regions such as Brazil, China, and India is driving the growth of the worldwide market for Chlor-alkali ion exchange membrane. China holds the majority of the shares during the predicted period followed by the U.S and Europe. During the year 2013-2017, the worldwide market for Chlor-alkali ion exchange membrane was developed with the rapid production growth rate of 4.03%. Due to a high technology barrier, it is expected that no significant players would enter into the worldwide market for Chlor-alkali ion exchange membrane in the years to come.
Global Market for Chlor-alkali ion exchange membrane: Drivers
The global market for Chlor-alkali ion exchange membrane is growing at a significant rate during the anticipated period. With the constant innovation in designs and new technology advancement, the devices are becoming user-friendly and thus creating the positive impact on the growth of the market. Some of the factors such as rising population, an increasing number of chronic diseases, health awareness, and growing demand for medical equipment is propelling the growth of the worldwide market for Chlor-alkali ion exchange membrane.
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