Ion Exchange Resins Market to offer a healthy CAGR of 4.7% during 2020-25
February 12, 2020
Ion Exchange Resins Market Overview:
Ion Exchange Resins Market is likely to witness a healthy CAGR of 4.7% during the forecast period. Ion exchange resins are employed in a wide array of industries, such as power, chemical & petrochemical, food & beverages, pharmaceuticals, water & wastewater treatment, food & beverage, pharmaceuticals, electricals & electronics, and metal & mining. Among all the application sectors, nuclear power generation is the major sector where ion exchange resins are used for controlling reactor reaction and steam generation. They are also extensively found in water and wastewater management as ion exchange resins are used to substitute the magnesium and calcium ions with sodium ions from hard water to alleviate poisonous and heavy metal ions. The increasing infrastructural development projects in the developing economies is augmenting the demand for electricity, which in turn, is driving the growth of the energy & power sector.
Report Overview:
This new report from Stratview Research analyses the Ion Exchange Resins Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Ion Exchange Resins Market Segment Insights:
Type: cationic resins, anionic resins, and others
Based on the type, the market is segmented as cationic resins, anionic resins, and others. The cationic resins segment dominated the market and is expected to maintain its leading position during the forecast period. The extensive use of cationic resins in various water treatment applications in power, chemical and domestic end-use industries is the major factor behind its dominance in the global ion exchange resins market.
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End-Use Industry Type: polyIon Exchange Resins, styrene Ion Exchange Resins styrene and others
Based on the end-use industry type, the market is segmented as power, chemical & petrochemical, water & wastewater treatment, food & beverage, pharmaceutical, electrical & electronics, metal and mining, and others. The power segment is expected to lead the market during the forecast period, owing to the increasing penetration of ion exchange resins in various power applications including coal-based and nuclear power plants in economies, such as China, Japan, Poland, and India to meet their energy requirements. Further, water & waste water treatment is expected to witness substantial growth during the forecast period, owing to the rising concern towards fresh water scarcity and treatment of industrial waste.
A highly/moderately/fragment consolidated Market
Some of the key players in the ion exchange resins market are The Dow Chemical Company, Lanxess AG, Purolite Corporation, Mitsubishi Chemical Corporation, Thermax Limited, Ion Exchange (India) Ltd., Jiangsu Suqing Water Treatment Engineering Group Company Ltd., Novasep Holding SAS, Samyang Corporation, ResinTech Inc, Anhui Sanxing Resin Technology Co. Ltd., Auchtel Products Limited, Aldex Chemical Co. Ltd., Bengbu Dongli Chemical Co., Ltd., Bio-Rad Laboratories, Inc., Eichrom Technologies Inc., Evoqua Water Technologies LLC, Finex Oy, Hebi Juxing Resin Co., Ltd., Jacobi Carbons AB, Jiangsu Linhai Resin Science and Technology Co. Ltd., Ningbo Zhengguang Resin Co., Ltd., OVIVO, Sunresin New Materials Co. Ltd., and Tianjin Nankai Hecheng Science & Technology Co., Ltd.
Region: Asia-Pacific is estimated to offer substantial growth opportunities
In terms of regions, Asia-Pacific is likely to dominate the global market during the forecast period, owing to the huge industrial base and growing demand from industries, such as mining, chemical & petrochemical, water & wastewater treatment, and nuclear power. Further, government initiatives from the developing economies, such as China and India to attract investment are acting as a catalyst towards the growth of the Asia-Pacific’s market. North America and Europe are the other two major markets with substantial growth opportunities, owing to strong demand from end-use industries and rising concern towards water & wastewater treatment.
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