Global Ion Exchange Resins Market 2017-2021

Overview of the global ion exchange resins market

Market research analysts at Technavio predict that the global ion exchange resins market will grow at a CAGR of more than 5% by 2021. This market research analysis identifies the increasing adoption of ion-exchange resins for water treatment as one of the primary growth factors for this market. Majority of the drinking water is not potable due to the presence of various contaminants such as factory wastes, pollutants, and pathogenic microorganisms. This increases the need for water purification where ion-exchange resins are used extensively since they help in eliminating chlorine, organic, and radioactive elements such as uranium, thorium, and lanthanum. With the increasing water pollution in several regions across the globe, there will be a rise in the need for water treatment systems for pre-treating used water before releasing it into the environment, which will subsequently fuel market growth.

The growing industrialization is resulting in the rise in adoption of efficient and cost-effective methods of controlling pollution. Owing to factors such as the rising need to reuse industrial waste water, the growing awareness about the health and safety products, and the growth of industries including power and wastewater treatment, the ion-exchange market will witness significant growth especially in the developing countries in APAC where the demand for nuclear energy is quite high. According to this market research report, this growth of the ion-exchange market in APAC will be one of the major trends that will gain traction in the ion exchange resins market during the next four years.

Competitive landscape and key vendors

The market is highly competitive and consists of numerous international and regional players with vast geographical presence and large production facilities located across the globe. Vendors in this marketspace mainly compete based on factors such as innovation, price, operational cost, and product quality. Technological innovations and the volatile market conditions are the major factors that have a significant impact on the performance of the vendors in the ion exchange resins market.

The leading vendors in the market are -

• BASF
• ION EXCHANGE
• LANXESS
• Mitsubishi Chemical Holdings
• The Dow Chemical Company
• Thermax Global

The other prominent vendors in the market are Bayer, Eichrom Technologies, Finex, Novasep, and Purolite.

Segmentation by end users and analysis of the ion exchange resins market

• Power
• Water treatment
• Chemical
• Pharmaceutical

The usage of ion exchange resins in the power segment provides various benefits including the effective removal of radioactive waste from nuclear plants and also aids in minimizing waste discharge through feed water. It is widely used in various applications such as demineralization, condensate polishing, and the treatment of radioactive waste in nuclear power plants. With the increasing global population, the need for electricity will significantly increase in the coming years. This will increase the need for power generation from nuclear energy, in turn, fueling the market’s growth prospects in this end-user segment.

Geographical segmentation and analysis of the ion exchange resins market

• APAC
• Europe
• North America
• ROW

The prominent presence of power, water treatment, and pharmaceutical industries influence the growth of the ion exchange resins market in APAC. The growth in population and the rising awareness about the health and environment are increasing the need for potable water and electricity in the region. This will lead to an increase in the establishment of nuclear power plants and water treatment plants, subsequently driving market growth. This market research and analysis predicts that APAC will be the major revenue contributor to this global market throughout the forecast period.

Key questions answered in the report include

• What will the ion exchange resins market size and growth rate be in 2021?
• What are the key factors driving the global ion exchange resins market?
• What are the key market trends impacting the growth of the global ion exchange resins market?
• What are the challenges to market growth?
• Who are the key vendors in the global ion exchange resins market?
• What are the market opportunities and threats faced by the vendors in the global ion exchange resins market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global ion exchange resins market?

Technavio also offers customization on reports based on specific client requirement.

Resin is a substance that acts as a medium for ion exchange. Factors like growing urbanization and the increasing demand for the use of nuclear energy for electricity generations are factors affecting the growth of this market. To support clients to have a competitive edge over their competitors, the global market research firm Technavio provides an extensive collection of industry market research reports on multiple aspects of the metals and minerals sector, which is an integral part of the chemicals and materials industry.

To recognize the metals and minerals industry’s growth scenarios, research analysts at Technavio follow a mix of primary and secondary market research techniques and consider factors like the market size and the demand for multiple products globally. With detailed insights on various parameters such as the changing customers behaviour and the products provided by competitors across the global and regional markets and the best usage of analytical tools, our upcoming market research report on the global ion exchange resins market for the forecast period of 2017 to 2021 will support clients recognize the constantly changing landscape of the chemicals and materials industry. Technavio also offers personalized reports for clients based on their specifications.

This upcoming industry research report on the global ion exchange resins market also takes into account the growth of related markets such as iron castings, which is expected to grow at a CAGR of nearly 7% by 2021. The upcoming industry research report for the global ion exchange resins market also identifies the key drivers, developing trends, coupled with the challenges currently faced by the metals and minerals sector. It also presents insights into the changing competitive landscape to give you a realistic picture of the future direction of the chemicals and materials industry.