Ion Exchange Resin Market To Reach USD 1.88 Billion By 2026 | Reports And Data
May 20, 2020
Rigorous regulations towards water conservation and the decreasing availability of fresh water is expected to drive the growth of the ion exchange resins market. Furthermore, technological progressions and exceptional efficiency, consumer preferences are shifting towards ion exchange resins from conventional resins
New York City, United States - May 20, 2020 /MarketersMedia/ —
Based on current analysis, the global ion exchange resin market was valued at USD 1.29 billion in 2018 and is expected to reach USD 1.88 billion by 2026, at a CAGR 4.8%. An ion-exchange resin or ion-exchange polymer is a resin or polymer that acts as a medium for ion exchange. These beads generally provide a large surface area on and inside them. These beads are typically porous. Ion exchange is a process where ions are trapped occurring along with the accompanying release of other ions. There are numerous types of ion exchange resins. Usually white or yellowish, fabricated from an organic polymer substrate, an ion exchange resin is an insoluble matrix (or support structure) normally in the form of small (0.25–0.5 mm radius) microbeads.
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Companies profiled for this market study
DowDuPont Inc. (US), Purolite Corporation (US), Mitsubishi Chemical Corporation (Japan), LANXESS AG (Germany), Ion Exchange (India) Ltd. (India), and Thermax Ltd. (India), Resin Tech Inc.
A concise overview of the Ion Exchange Resin market segmentation:
Type (Revenue in USD Million; 2016–2026)
• Cationic Resins
• Anionic Resins
• Others
Application (Revenue in USD Million; 2016–2026)
• Water softening
• Water purification
• Metal purification
• Purification of antibiotics
• Catalysis
• Other
By End Use Industry (Revenue in USD Million; 2016–2026)
• Power
• Chemical & Petrochemical
• Water & Wastewater Treatment
• Food & Beverage
• Pharmaceutical
• Electrical & Electronics
• Metal & Mining
• Others
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Key findings from the report
• Only 60% of the industrial wastewater is treated, while roughly 40% of the treated water does not conform to the prearranged standards
• In case of sewage treatment, the situation is excessively stern, as globally, the urban area has capacity to treat just 37% of the sewage generated
• Dow Chemical Company launched next-generation ion exchange resins, which were re-engineered specifically to attain efficient industrial water treatment. Such launches are proving to be lucrative to the ion exchange resins market
• The power segment is likely to lead the ion exchange resin market with the market share of 47.6% during the forecast period among the end use industries due to environmental regulations by various water treatment industries and also, due to rising number of nuclear power plant in various countries
• Mitsubishi Chemical Corporation started selling river water treatment systems to public and private sectors in Myanmar, where the economic growth is anticipated to drive the demand for safe drinking water
• Municipal water treatment sector is expected to witness a major demand for ion exchange resins. This is so mainly, because it helps in removing the impurities to the maximum extent possible
Regional Outlook (Revenue, USD Billion; 2017-2027)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America
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To summarize, the global Ion Exchange Resin market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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