Global Ion Exchange Resins Market Size showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.0% during the forecast period, i.e. 2017-2025.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Ion Exchange is a chemical reaction, which is reversible in nature; where dissolved ions are removed from solution and replaced with other ions of the same charge. The resins used to replace or remove the dissolved ions from the solution are known as ion-exchange resins. It acts a medium for ion-exchange reaction. Ion exchange resins are used in numerous application such as biological wastewater treatment, boiler feed water treatment, brine treatment systems, cooling water treatment, demineralization, industrial water treatment systems, and others.  There are two types of ion exchange resins cationic and anionic resins. Ion exchange resins are utilized mainly in water treatment and also offer a method of separation in various non-water processes. It is also used in chemical synthesis, medical research, food processing, mining, agriculture etc.

Market Dynamics

Ion Exchange Resins Market was valued USD 1,180 million in the year 2017, at a growth rate of 4.0% during the forecast period. Increasing awareness regarding water purification in industrial applications is anticipated to drive growth of ion exchange resins market. The increasing use of nuclear energy for electricity generation in emerging economies is also the major factor driving the ion exchange resins market. Additionally, rise in stringent regulations towards water conservation and the decreasing availability of fresh water is also anticipated to drive the market growth. These actions towards water conservation and treatment are expected to upsurge the demand of ion exchange resins globally. Water treatment process is, therefore, expected to be one of the significant factors propelling the growth of ion exchange resins market. However, volatility in raw material prices and increasing competition from reverse osmosis membrane are the factors expected to hamper the growth of ion exchange resins market during the projected period.

In order to stay competitive, companies operating in the global ion exchange resins market have adopted numerous strategies such as product launch, business expansion to strengthen their market shares and reinforce their geographical presence, globally. For instance, In November 2017, Dow has launched next-generation ion exchange resins, which were re-engineered specially for efficient industrial water treatment. This product launch has reinforced company’s product portfolio.

In May 2017, ACM Technologies, a Resin Tech company, has opened a new site for generation of ion exchange resins in Gardena, California, U.S. This plant to process spent resins, by offering regeneration and subsequent reuse. This business expansion has strengthened company’s presence in North America.

Segment Analysis                                                                                                 

On the basis of type, the market is bifurcated into cationic resins, and anionic resins. Cationic resins are commodity resins, majorly utilized for demineralization and water softening applications in different end-use industries, such as nuclear, water & wastewater treatment, and chemical & petrochemical, which are leading to the high growth of the ion exchange resins market.

On the basis of end-use industry, the market is classified into power, chemical & petrochemical, pharmaceutical, food & beverage, metal & mining, and electrical & electronics. The power segment is expected to lead the ion exchange resin market during the analysis period. The growth of this segment can be due to the increasing number of coal-based and nuclear power plants in countries such as China, Japan, Poland, and India and the increasing adherence to environmental regulations by different industries for wastewater treatment.

Regional Analysis

On the basis of region the ion exchange resins market is analyzed across North America, Europe, Asia-Pacific (APAC), and LAMEA.  Asia Pacific is expected to be the largest consumer of ion exchange resins as well as projected to grow at considerable rate during the forecast period due to the rising industrialization in the region. China is anticipated to have dominant share of the market in Asia Pacific. India, Japan, and South Korea are also some of the key countries contributing significantly towards the growth of market in the Asia-Pacific region.

Global Ion Exchange Resins Market Size, Share Analysis By Region 2017

Worldwide Ion Exchange Resins Market Research Methodology

Ion Exchange Resins Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Ion Exchange Resins Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in ion exchange resins market are included as primary sources of the supply side.

After performing comprehensive engineering of ion exchange resins market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key Players

Key players of global ion exchange resins market are Dowdupont, Lanxess,     Purolite,  Mitsubishi Chemical Corporation, Thermax, Ion Exchange (India) Ltd., Jiangsu Suqing Water Treatment Engineering Group Company Ltd., Novasep Holding, Samyang Corporation, and Resintech. The other players in the value chain include Anhui Sanxing Resin Technology Co. Ltd., Auchtel Products Limited., Aldex Chemical Company Limited, Bengbu Dongli Chemical Co., Ltd., Bio-Rad Laboratories, Inc., and Eichrom Technologies Inc.

Global in Ion Exchange Resins Market Study Report Offer You!

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