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Global Ion Exchange Resin Market Estimated to Reach USD 3 Billion by 2026

26-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Ion Exchange Resin Market By Type (Cationic Resins, Anionic Resins, Others) By Application (Water, Non-water) and By End User(Power, Chemical & Petrochemical, Food & Beverage, Pharmaceutical, Electrical & Electronics, Metal & Mining, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Ion Exchange Resin market in 2019 was around USD 1.7 Billion. The market is expected to grow at a CAGR of around 4% and is anticipated to reach around USD 3 Billion by 2026.

An ion-exchange resin is a resin that works as an intermediate for ion exchange. These resins are made of organic polymers that form a chain of cross-linking hydrocarbon chains and facilitates the ion exchange reactions. They are used in nuclear power generation, water softening and water purification.

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Browse the full “Ion Exchange Resin Market By Type (Cationic Resins, Anionic Resins, Others) By Application (Water, Non-water) and By End User(Power, Chemical & Petrochemical, Food & Beverage, Pharmaceutical, Electrical & Electronics, Metal & Mining, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/ion-exchange-resin-market-by-type-cationic-resins-973

Increasing health awareness and usage of purified water for multiple purposes and softening of water for various industrial applications is expected to drive the market for ion exchange resins. Owing to its ability to remove various organic and radioactive compounds like uranium, chlorine, and thorium, the use of ion-exchange resins in rising for various applications such as food & beverage, water treatment, mining, chemical processing, and electronics. However, the fluctuating raw material prices and the lack of awareness among the people from the developing and underdeveloped countries are the key restraints for the market. Nevertheless, the continuous research and technology in the field of ion exchange resins along with the technological advancements in making these resins more economical for the people are providing various opportunities in the growth of the market.

 As per the type analysis, the ion exchange resin market is bifurcated into cationic resins, anionic resins, and others. Cationic resins are expected to propel the market as they are used majorly for removing the hardness from the water for making it soft for use. It is also used for dealkalization and for the removal of radium, barium, and other impurities from the water. As per the application analysis, the market is divided into water and non-water segment. Water is expected to dominate the market as these ion exchange resins are majorly used in water applications such as water purification, demineralization, and deionization. As every industry uses water for multiple purposes, there is a rising demand for ion exchange resins. As per the end user segment, the power segment is expected to dominate the market as there is a surging demand for power generation from developing regions like the Asia Pacific. The need for renewable energy sources such as hydropower energy, wind energy, and biogas energy has resulted in an increase of water storing capacity for its use in power generation. The increased importance of the captive water quality has led to an upsurge in the market. Mining activities across the globe have resulted in an increased level of water pollution which is expected to rise the demand for ion exchange resins.

As per the regional analysis, the Asia Pacific region is expected to dominate the market because of the huge demand from various growing industries like power, food & beverage, chemicals, and electronics. Owing to the growing freshwater scarcity for both domestic and industrial purposes in this region because of the growing industrialization, rising population with rising disposable income, there is a need for re-use and recycling of water for which there is a continuous rise in the manufacturing of ion exchange resin for its use and also for exports.

The list of major key players in the Ion Exchange Resin Market are as follows:

  • DuPont de Nemours Inc
  • Novasep Holding
  • ResinTech Inc
  • Purolite Corporation
  • Thermax Limited
  • Ion Exchange (India) Ltd
  • Samyang Corporation
  • Lanxess
  • Bio-Rad Laboratories
  • Mitsubishi Chemical Corporation

This report segments the Ion Exchange Resin market as follows:

Global Ion Exchange Resin Market: By Type Segmentation Analysis

  • Cationic Resins
  • Anionic Resins
  • Others

Global Ion Exchange Resin Market: By Application Segmentation Analysis

  • Water
  • Non-water

Global Ion Exchange Resin Market: By End User Segmentation Analysis

  • Power
  • Chemical & Petrochemical
  • Food & Beverage
  • Pharmaceutical
  • Electrical & Electronics
  • Metal & Mining
  • Others

Global Ion Exchange Resin Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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