The changing dynamics in Ion Exchange Resins Market with covid-19 impact assessment
June 03, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ion Exchange Resins Market.
It was estimated prior to this unanticipated outbreak that the Ion Exchange Resins Market was expected to grow at a CAGR of 4.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Ion Exchange Resins are materials that are insoluble in nature and are high in molecular weight. They can contain either basic groups or acidic groups for the process of ion exchange.
Ion Exchange Resins can be cationic resins or anionic resins. They are highly in use in a number of industry areas such as power, chemicals, water, wastewater treatment, food & beverage, pharmaceutical, electronics, mining, and many others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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.
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.
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.
Key Players:
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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Ion Exchange Resins Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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