Stratview Research has published a new report titled “Ion Exchange Resins Market” which is segmented by Type (Cationic Resins, Anionic Resins, and Others), by End-Use Industry Type (Power, Chemical & Petrochemical, Water & Wastewater Treatment, Food & Beverage, Pharmaceutical, Electricals & Electronics, Metal & Mining, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market estimates a healthy growth rate of 4.58% CAGR during the forecast period of 2022-2028 and reaches USD 2.33 billion in 2028 from USD 1.70 billion in 2021.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
Type Trends
The market is segmented into cationic resins, anionic resins, and others.
The cationic resin 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 market.
End-Use Industry Trends
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 & wastewater treatment is expected to witness substantial growth during the forecast period, owing to the rising concern towards freshwater scarcity and industrial waste treatment.
Which Region is expected to remain the largest market?
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 developing economies, such as China and India to attract investment are acting as a catalyst for the growth of the Asia-Pacific 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.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Ion Exchange Resins Market:
- The Dow Chemical Company
- Lanxess AG
- Mitsubishi Chemical Corporation
- Purolite 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.
- Tianjin Nankai Hecheng Science & Technology Co. Ltd.
Key questions answered by the report.
- What is the projected CAGR for revenue from the Ion Exchange Resins Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Ion Exchange Resins Market?
- Which are the major market players?
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