Ion exchange resins are polymers that are capable of exchanging particular ions within the polymer within the solution that is passed through them. Such resins are used for purifying water but also for various other applications including separation of elements. It has its wide application in power, chemical, water treatment, food & beverage, pharmaceutical, electrical & electronics, mining & metals. Growing urbanization & increasing affluence in the Asia-Pacific region may act as the major driver in the growth of ion exchange resins market. On the other side, increasing competition from reverse osmosis membrane in demineralization application may hinder the market.
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Global Analysis of Ion Exchange Resins Market:
Global Ion Exchange Resins Market accounted for USD 2.1 billion in 2016 and projected to grow at a CAGR of 3.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Ion Exchange Resins Market by Type (Cationic Resins, Anionic Resins); Application (Power, Chemical, Water Treatment, Food & Beverage, Pharmaceutical, Electrical & Electronics, Mining & Metals); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) and Forecast to 2024.
Global Segmentation of Ion Exchange Resins Market:
The global ion exchange resins market is segmented on the basis of type into:
- Cationic Resins
- Anionic Resins
On the basis of end-use industry, the global ion exchange resins market is segmented into:
- Water Treatment
- Food & Beverage
- Electrical & Electronics
- Mining & Metals
On the basis of geography, the global Ion Exchange Resins market report covers data points for 28 countries across multiple geographies such as:
- North America
- South America
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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The global ion exchange resins market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors:
- Mitsubishi Chemical Corporation
- Thermax Global
- ION EXCHANGE
- SAMYANG CORPORATION
- Suqing Group
Summary of Market Drivers and Restraints:
- Growing urbanization & increasing affluence in the Asia-Pacific region
- Increasing demand for nuclear electricity generation in emerging economies
- Stringent environmental regulations
- Volatility in raw material prices
- Increasing competition from reverse osmosis membrane in demineralization application
Frequently Asked Questions?
- What will the market size be in 2024?
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- Who are the key players in the market?
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- Which strategies are used by top players in the Global Global Ion Exchange Resins Market?
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