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Demand for Global Ion Exchange Resins Market Size & Share Will Surpass USD 2.8 Billion by 2028, Exhibit a CAGR of 4.2% Growth | Industry Trends, Value, Analysis & Forecast Report by Facts & Factors

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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?

Report Overview:

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.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs – https://www.fnfresearch.com/sample/ion-exchange-resin-market

(A free sample of this report is available upon request; please contact us for more information.)

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.)

Report Scope

Report Attribute Details
Market Size in 2021 USD 1.85 Billion
Projected Market Size in 2028 USD 2.8 Billion
CAGR Growth Rate 4.2% CAGR
Base Year 2021
Forecast Years 2022-2028
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.

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/ion-exchange-resin-market

Competitive Landscape

Some of the main competitors dominating the global ion exchange resins market include – 

  • 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
  • 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?

Have Any Query? Ask Our Experts: https://www.fnfresearch.com/inquiry/ion-exchange-resin-market

Regional Dominance:

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.

Recent Developments

  • 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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(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

The global ion exchange resins market is segmented as follows:

By Type

  • Anionic Resins
  • Cationic Resins

By Application

  • Non-Water
  • Water

By End-User

  • Pharmaceutical
  • Power
  • Food & Beverage
  • Chemical & Petrochemical

By Region

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

Request For Free Sample Report of the Global Ion Exchange Resins Market @ https://www.fnfresearch.com/sample/ion-exchange-resin-market

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Cannabis

Cannabis Testing Market Worth $4.0 billion | MarketsandMarkets™

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cannabis-testing-market-worth-$4.0-billion-|-marketsandmarkets™

CHICAGO, May 23, 2024 /PRNewswire/ — Cannabis Testing Market in terms of revenue was estimated to be worth $1.8 billion in 2024 and is poised to reach $4.0 billion by 2029, growing at a CAGR of 17.2% from 2024 to 2029 according to a new report by MarketsandMarkets™.

The important factors impacting market growth are legalization trends and rising medical applications for cannabis. Rising approvals for medical and recreational cannabis drive the regulations requiring product safety testing which in turn fuel the need for cannabis testing services. Additionally, the rise in the number of cannabis testing labs due to legalization is propelling the demand for analytical instruments is likely to uplift market growth in coming years.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=46932450

Browse in-depth TOC on “Cannabis Testing Market”
439 – Tables
52 – Figures
378 – Pages

Cannabis Testing Market Scope:

Report Coverage

Details

Market Revenue in 2024

$1.8 billion

Estimated Value by 2029

$4.0 billion

Growth Rate

Poised to grow at a CAGR of 17.2%

Market Size Available for

2022–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Product & Software, By Service & By End User

Geographies Covered

North America, Europe, the Asia Pacific, Latin America and the Middle East & Africa

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Untapped markets in emerging economies

Key Market Drivers

Increasing legalization of medical and recreational cannabis

Products segment held the highest estimated share of the cannabis testing market.

Based on product & software, the cannabis testing market is segmented into products (analytical instruments {chromatography instruments [liquid chromatography, gas chromatography & other chromatography instruments], spectroscopy instruments [mass spectrometry instruments & atomic spectroscopy instruments] & other analytical instruments} and consumables {chromatography columns, standards and CRMS, sample preparation products and other consumables) and software. The product segment accounted for the largest share of the cannabis testing market in 2023. Market growth is driven by technological advancements providing sophisticated tools for precise analysis, ensuring compliance and quality control, and the expanding legalization of cannabis products. Additionally, increasing requirements for potency labeling and pesticide screening fuel the demand for specialized consumables, further propelling growth in the cannabis testing market. For example, Thermo Fisher Scientific Inc. launched the Thermo Scientific SureSTART consumables portfolio consisting of vials, well plates, caps, inserts, kits, and mats to improve analytical performance and sample security for chromatography and mass spectrometry users in routine and research labs in clinical, food, pharma, biopharma, environmental, and academic sectors.

High growth of services segment attributed to potency testing services.

Based on service, the cannabis testing market is broadly segmented into terpene profiling, microbial analysis, residual solvent analysis, potency testing, heavy metal testing, pesticide screening, and other services. In 2023, potency testing accounted for the largest share of the cannabis testing services market. The high growth of this segment is due to stringent regulatory requirements ensuring accurate THC and CBD levels. This is crucial for product labeling, consumer safety, and compliance, driving demand from producers and dispensaries seeking to meet legal standards and provide reliable, high-quality products.

Services take away the largest estimated share of the end-user segment.

Based on end users, the cannabis testing market is classified into segmented into product & software end users (cannabis testing laboratories {small-scale laboratories, medium-scale laboratories, large-scale laboratories} and research institutes) and service end users (cannabis drug manufacturers & dispensaries, cannabis cultivators/growers). In 2023, the service end users’ segment was predicted to account for the highest share of the global cannabis testing market. The large share of this end user segment is due to the rising consumer awareness of quality and safety, rising legalization of cannabis, stringent regulatory standards, and technological advancements in cannabis testing.

During the forecast period, North America displayed lucrative market growth.

North America accounted for the largest share of 65.5% of the cannabis testing market in 2023. The North American market is projected to reach a value of USD 2.6 billion by 2029 from an estimated value of USD 1.2 million in 2024, at a CAGR of 17.3% during the forecast period. The region leads the cannabis testing market due to stringent regulatory standards, robust infrastructure, and widespread legalization of cannabis for medical and recreational purposes. Additionally, North America’s advanced R&D capabilities and evolving consumer demand for quality assurance drive its prominence in this growing sector.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=46932450

Cannabis Testing Market Dynamics:

Drivers:

  1. Increasing legalization of medical and recreational cannabis
  2. Increasing use of cannabis for medicinal applications
  3. Technological advancements in testing technologies

Restraints:

  1. Lack of standardization
  2. Investment risks due to regularization

Opportunities:

  1. Untapped markets in emerging economies
  2. Research collaborations

Challenge:

  1. High setup costs

Key Market Players of Cannabis Testing Industry:

The global cannabis testing market comprises many key market players competing for markets shares like Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Waters Corporation (US), Restek Corporation (US), SGS SA (Switzerland), Merck KGaA (Germany), PerkinElmer, Inc. (US), Hamilton Company (US), Sigma Analytical Services (Canada), SC Labs (US), PharmLabs LLC (US), MCS, Inc. (US), ProVerde Laboratories (US), and Eurofins Scientific (Luxembourg).

The primary interviews conducted for this report can be categorized as follows:

  • By Respondent: Supply Side- 70%, and Demand Side – 30%
  • By Designation (Supply Side): Managers – 45%, CXOs & Directors – 30%, Executives- 25%
  • By Region: North America -40%, Europe -25%, Asia-Pacific -20%, Latin America -10%, MEA- 5%

Recent Developments:

  • In September 2023, Shimadzu Corporation launched the Brevis GC-2050 gas chromatograph used in various applications including cannabis testing.
  • In April 2023, SC Labs, one of the leading cannabis testing companies, acquired C4 Laboratories, one of the first Arizona cannabis labs, thus allowing it to be licensed and accredited in five states: California, Colorado, Michigan, Oregon, and Arizona.
  • In June 2022, Shimadzu Corporation launched the AA-7800 series atomic absorption spectrophotometers. The AA-7800 series is used for quality control in the raw material, food, and for inspecting water quality and hazardous substances in soil thus presenting an advantage in heavy metal testing of cannabis.

Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=46932450

Cannabis Testing Market – Key Benefits of Buying the Report:

The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall cannabis testing market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market’s pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers: 

  • Analysis of key drivers (increasing legalization of medical and recreational cannabis, increasing use of cannabis for medicinal applications and technological advancements in testing technologies), restraints (lack of standardization and investment risks due to regularization), opportunities (untapped markets in emerging economies and research collaborations) and challenges (high setup costs) are influencing the growth of cannabis testing market.
  • Product Development/Innovation: Detailed insights on newly launched products of the cannabis testing market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the cannabis testing market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the cannabis testing market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players include Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Waters Corporation (US), Restek Corporation (US), SGS SA (Switzerland), Merck KGaA (Germany), PerkinElmer, Inc. (US), Hamilton Company (US), Sigma Analytical Services (Canada), SC Labs (US), PharmLabs LLC (US), MCS, Inc. (US), ProVerde Laboratories (US), and Eurofins Scientific (Luxembourg) among others in the cannabis testing market.

Related Reports:

Drug Screening Market – Global Forecasts to 2029

Laboratory Proficiency Testing Market – Global Forecasts to 2028

Life Science Instrumentation Market – Global Forecasts to 2028

Digital PCR Market – Global Forecasts to 2028

Flow Cytometry Market – Global Forecasts to 2028

Get access to the latest updates on Cannabis Testing Companies and Cannabis Testing Industry Growth

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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