Ion Exchange Resins Market and its key opportunities and challenges

Ion Exchange Resins Market and its key opportunities and challenges

“Browse 88 market data Tables and 28 Figures spread through 132 Pages and in-depth TOC on “Ion Exchange Resins Market””
Ion Exchange Resins Market by Type (Cationic Resins, Anionic Resins), End-Use Industry (Power, Chemical & Petrochemical, Pharmaceutical, Food & Beverage, Metal & Mining, Electrical & Electronics), and Region

The Ion Exchange Resins Market was valued at USD 1.20 Billion in 2016 and is projected to reach USD 1.56 Billion by 2022, at a CAGR of 4.4% during the forecast period from 2017 to 2022, as per a report by MarketsandMarkets. 

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Browse 88 market data Tables and 28 Figures spread through 132 Pages and in-depth TOC on “Ion Exchange Resins Market”

Why growing industrialization in emerging economies is an opportunity?

There are long-term growth prospects for the ion exchange resins market in the emerging economies, such as India, China, Brazil, Mexico, South Africa, Indonesia, Malaysia, South Korea, and Thailand. The market in these countries is expected to be fueled by the growing industrialization. The introduction of new industrial policies, government initiatives, and foreign direct investment has fueled industrialization in these countries. For instance, the Make in India initiative of the Government of India is expected to increase industrialization and make India the fifth-largest manufacturing hub in the world by 2020. Similarly, the State Council of the People’s Republic of China launched the Western Development Strategy and the Rise of Central China Plan, which will encourage the growth of various industries such as food & beverage, power, primary metal, and chemical. All these factors will promote industrialization, which will subsequently boost the demand for ion exchange resins.

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How finding new applications and lack of awareness in developing regions is a challenge?

Finding new applications is a key challenge that the market is expected to witness in the future. Ion exchange resins are mainly used in the water & wastewater treatment industry, which is witnessing competition from reverse osmosis membrane technology. In order to sustain the growth in the long run, the manufacturers need to focus on new application development. Several emerging applications such as biodiesel purification and controlled release drug delivery system are gaining popularity. Although the market is projected to register a decent growth rate in the next five years, there is a need for investment in R&D facilities to develop new applications of ion exchange resins to sustain growth in the long run.

The developing countries lack behind developed countries in terms of regulatory emission standards and water quality standards, which restricts the growth of the ion exchange resins market in APAC, the Middle East & Africa, and South America. More than 80% of diseases in the developing countries are caused due to polluted water. Lack of proper procedures to dispose pollutants from agriculture and other industrial effluents are increasing water pollution and thereby, the spread of diseases.

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