NEW YORK, United States, May 11, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Ion Exchange Resins Market By Type (Anionic Resins and Cationic Resins), By Application (Non-Water and Water), By End-User (Pharmaceutical, Power, Food & Beverage, and Chemical & Petrochemical), and By Region – Global and Regional Industry Trends, Competitive Intelligence, Analysis of Data, Statistical Data, and Forecast 2022-2028” in its research database.
“According to the latest research study, the demand of global Ion Exchange Resins Market size & share was witnessed USD 1.85 billion in 2021and it is expected to hit around USD 2.8 billion Mark, by 2028, at a compound annual growth rate (CAGR) of about 4.2% during the forecast period 2022 to 2028.”
What are Ion Exchange Resins? How big is the Ion Exchange Resins Industry?
Ion exchange resins are polymers that act as an ion-exchange medium. Ion-exchange polymers and organic polymers are used for purification in a variety of industries. They work to eliminate chlorine, organic compounds, and radioactive elements from water, which are then used for various industrial purposes. Factors such as the growing demand for clean drinking water and nuclear power generation necessitate water softening and demineralization, and the growing urban populations in developing nations are propelling the industry forward.
Furthermore, the growing importance of using ion-exchange resins in the pharmaceutical industry for recycling wastewater and drug manufacturing is expected to create opportunities for improving the global ion exchange resin market during the forecast period.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 211+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
|Market Size in 2021||USD 1.85 Billion|
|Projected Market Size in 2028||USD 2.8 Billion|
|CAGR Growth Rate||4.2% CAGR|
|Key Market Players||Samyang, Suzhou Bojie, Zhejiang Zhengguang, Jiangsu Linhai Resin, Mitsubishi Chemical, Shanghai Resin, Wandong, Jiangsu Success, Dongyang Mingzhu, Finex Oy, Zibo Dongda Chem, Lanxess, Suqing Group (Former Jiangyin Organic Chemical Plant), Sunresin, Dow Chemical, The Chemical Plant Of Nankai University, Resintech, Hebi Juxing, Purolite, and Xian Dianli, among others|
|Key Segment||By Type, Application, End-User, and Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa|
|Purchase Options||Request customized purchase options to meet your research needs.|
Global Ion Exchange Resins Market: Dynamics
- Rapid industrialization and wastewater recycling will drive market growth
Growing demand for water treatment chemicals, combined with a substantial increase in the amount of waste generated by industry, is expected to drive ion exchange resin market growth. Increasing adoption of ion exchange resins by the energy and power generation industries, as well as the wastewater treatment process industries, is anticipated to drive the market in the near future. The pharmaceutical and electronic industries’ increasing demand for ultrapure pure water is anticipated to propel the growth of the market. Increasing demand for semiconductors and microelectronics, which require a large amount of ultrapure water for chip rinsing, washing, and etching processes, is expected to drive market growth over the forecast period.
However, strict rules and regulations imposed by the European Commission and the EPA on limiting the use of water treatment are expected to stymie the market growth. The varying cost of raw materials used in the manufacture of ion exchange resins is expected to limit market growth over the forecast period.
Browse the full “Ion Exchange Resins Market By Type (Anionic Resins and Cationic Resins), By Application (Non-Water and Water), By End-User (Pharmaceutical, Power, Food & Beverage, and Chemical & Petrochemical), and By Region – Global and Regional Industry Trends, Competitive Intelligence, Analysis of Data, Statistical Data, and Forecast 2022-2028” Report at https://www.fnfresearch.com/ion-exchange-resin-market
Ion Exchange Resins Market: COVID-19 Impact Analysis
As a result of the COVID-19 pandemic, which has afflicted practically every country on the earth, measures like as lockdowns, a suspension of economic activity, and temporary shutdowns of manufacturing plants have been implemented, all of which have had a substantial influence on water treatment operations. This has had a negative impact on global demand for ion exchange resins, which has decreased as a result.
As a result of the COVID-19 pandemic, demand for ion exchange resins declined, owing to the generally slow development curve of the applications that use them. These include chemical processing, agricultural processing, petrochemical processing, and electronics, among others.
Ion Exchange Resins Market: Segmentation Analysis
The global ion exchange resins market is segmented on the basis of type, application, end-user, and region.
By type, the market is divided into anionic resins and cationic resins. The cationic resins segment dominated the market and is anticipated to continue throughout the forecast period. By application, the market is divided into non-water and water. Ion exchange resins are widely used in water treatment processes such as demineralization, deionization, purification, separation, and decontamination.
By end-user, the market is divided into pharmaceutical, power, food & beverage, and chemical & petrochemical. The power industry held the largest share of the market and is rapidly expanding in emerging economies such as India, China, and the United Arab Emirates, fueling demand for ion exchange resins.
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Some of the main competitors dominating the global ion exchange resins market include –
- Suzhou Bojie
- Zhejiang Zhengguang
- Jiangsu Linhai Resin
- Mitsubishi Chemical
- Shanghai Resin
- Jiangsu Success
- Dongyang Mingzhu
- Finex Oy
- Zibo Dongda Chem
- Suqing Group (Former Jiangyin Organic Chemical Plant)
- Dow Chemical
- The Chemical Plant Of Nankai University
- Hebi Juxing
- Xian Dianli
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the Ion Exchange Resins market is estimated to grow at a CAGR of around 4.2% during the forecast period.
- The Ion Exchange Resins market was valued at around US$ 1.85 billion in 2021 and is projected to reach US$ 2.8 billion by 2028. In term of revenue.
- By type, the cationic resins segment held the largest market share and will continue throughout the forecast timeframe.
- By end-user, the power industry accounted for the highest market share and is rapidly expanding in emerging markets like India, China, and the UAE.
- On the basis of region, the Asia-Pacific region accounts for 43% of global ion-exchange resin consumption. In response to environmental concerns, the region’s demand for portable electricity and water has risen.
Key questions answered in this report:
- What is the market size and growth rate forecast for Ion Exchange Resins industry?
- What are the main driving factors propelling the Ion Exchange Resins Market forward?
- What are the leading companies in the Ion Exchange Resins Industry?
- What segments does the Ion Exchange Resins Market cover?
- How can I receive a free copy of the Ion Exchange Resins Market sample report and company profiles?
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During the forecast period, the Asia Pacific region’s ion exchange resins market is likely to account for the largest share and have the highest CAGR. The region’s demand for ion exchange resins is being driven by the region’s continuous increase in ion exchange resin production for use within the region and exports. Furthermore, a rising population and expanding end-use industries have spurred innovation and development, transforming the Asia Pacific region into a major global industrial hub.
Increased innovation, combined with industry consolidations, is expected to drive rapid growth in the region’s market. Because of the rising demand for clean water in these countries, emerging countries such as India, China, Saudi Arabia, and Malaysia offer growth opportunities for the ion exchange resin market.
- In 2021, 3M Health Care introduced the 3M Polisher ST, a single-use anion exchange chromatography solution intended to replace reusable polishing columns in biologic drug manufacturing.
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The global ion exchange resins market is segmented as follows:
- Anionic Resins
- Cationic Resins
- Food & Beverage
- Chemical & Petrochemical
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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