Asahi Kasei Corporation

Hydrogen and Energy Storage to Drive Ion Exchange Membrane Demand

Ion exchange membranes are emerging as critical materials in the transition to green energy. Emerging applications in hydrogen fuel cells, water electrolyzers, and redox flow batteries are expected to drive significant market growth through 2035.

INEOS Electrochemical Solutions

INEOS Electrochemical Solutions is a specialized division within the larger INEOS group of companies and is a leading chlor-alkali electrolyzer manufacturer. INEOS has entered the green hydrogen market in May 2025, with its new Hydraeon alkaline water electrolyzer (AWE).

CO₂ Concrete and Chemicals - IDTechEx Explores CO₂ Utilization

Carbon capture technologies are mature and have existed for decades, but with the expense that comes with deploying them, there is little incentive for businesses to adopt them outside of carbon pricing regulations or tax incentives. CO2 utilization makes carbon capture viable outside of climate motivations because it allows the process to generate revenue.

Regional Trends in Ion Exchange Membrane Markets

Innovation map of Regional trends in ion exchange membrane markets.

Ion Exchange Membrane Market Trends and Commercial Activity

Innovation map for Ion exchange membrane market trends and commercial activity.

24M Technologies, Inc.

24M (Massachusetts, USA) develops semi-solid battery technology, aiming to disrupt lithium-ion production with lower-cost, simpler manufacturing. Its licensed business model targets electric vehicle (EV) and grid storage markets, partnering with firms like Kyocera and Volkswagen. Advantages include reduced material use, higher energy density, and compatibility with existing facilities. Backed by US$100M+ funding (including from Japan's GPSC), it leverages MIT-derived IP. Challenges include scaling production and competing with entrenched lithium-ion giants (CATL, Panasonic). Positioned as a cost-innovation leader, 24M's semi-solid approach bridges traditional and next-generation solid-state technology but faces execution risks in a capital-intensive industry.

Which Fire Protection Material to Choose for an EV Battery

Electric vehicle (EV) sales continued to increase in 2024, admittedly with some significant regional disparity, but IDTechEx found that globally, EV sales increased 24% in 2024 over 2023. Despite the fact that most data shows EV fires are less common than combustion engine vehicles, safety cannot be overlooked in any rate of occurrence. This article aims to discuss some of the key factors and some of the potential materials that EV battery designers may consider.