Global Chlor-alkali Ion Exchange Membrane Consumption will Increase to $ 527 Million by 2024

Chlor-alkali Ion Exchange Membrane is used in electrolyzers at electrolysis plants in which brine is decomposed. It plays a key part in manufacturing caustic soda (sodium hydroxide)/caustic potash (potassium hydroxide), chlorine, and hydrogen-basic chemical products required in our daily lives.

During 2013 to 2017, Chlor-alkali Ion Exchange Membrane industry developed with a 4.03% production growth rates. In recent years, with the fast-increasing attention on caustic soda, emerging countries have been main driving forces of the market, especially China, India and Brazil.

The Global Chlor-alkali Ion Exchange Membrane market size was 455.71 million USD in 2017 and it will be 526.55 million USD in 2024, with a Growth Rate of 2.09% from 2017 to 2024.

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