Ion Exchange Membrane Market - Forecast(2021 - 2026)
Ion Exchange Membrane Market Overview Ion Exchange Membrane Market size is forecast to reach $632.1 million by 2026 , after growing at a CAGR of 3.4% during 2021-2026. Growth of the ion exchange membrane market is mainly attributed to its wide-ranging applications across desalination, waste water treatment , radioactive liquid waste treatment and various other applications. Rising demand for safe drinking water and government initiatives to ensure clean water supply is anticipated to drive the growth of the market. Additionally, in future, the rising demand for wastewater treatment projects in developed economies is expected to provide opportunities for the market growth. Furthermore, increased water scarcity across various regions will upsurge the ion exchange membrane industry over the forecast period. Impact of Covid-19 The emergence of COVID-19, which is declared a pandemic by the World Health Organisation, had a noticeable impact on regional economic growth in 2020. The COVID