The ion exchange resins market is projected to grow at a CAGR of 3.31% to reach US$1,163.447 million by 2023, from US$956.846 million in 2017. Ion exchange resins are light and porous solids, usually prepared in the form of granules, beads, or sheets. When immersed in solution, the resin absorbs the solution and swell. Growing population and rapid urbanization across the globe is leading to have more food and water resources that are safe for consumption. This in turn is driving the demand for ion exchange resin as they are widely used in Industrial water treatment so as to remove dissolved ionic contaminants from water. Increased use of these resins in industries such as power generation, semiconductors, food and beverages, and pharmaceuticals is driving the ion exchange market growth. The market is expected to grow at a steady pace owing to the stringent regulations related to safe drinking water across the globe.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the ion exchange resins value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the ion exchange resins market.
Major industry players profiled as part of the report are DuPont and Dow, LANXESS, Thermax Global, Purolite, Mitsubishi Chemical Corporation, Evoqua Water Technologies GmbH, and ResinTech Inc.
The ion exchange resins market has been analyzed through following segments:
Cation exchange resins
Anion exchange resins
By End-User Industry
Industrial Water Treatment
Food & Beverage
Oil & Gas
Energy & Power
Middle East and Africa