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GLOBAL Ion Exchange Resin MARKET 2020: EXPECTED DEVELOPMENT, SHARE, DEMAND AND STUDY OF KEY PLAYERS- RESEARCH PREDICTIONS 2027

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akshay chavan

Ion Exchange Resin Market Size to Surpass USD 1.88 Billion By 2026

A recent analysis report valued the worldwide ion exchange resin market was valued at USD 1.29 billion in 2018 and is predicted to surpass USD 1.88 billion by 2026, registering a CAGR 4.8%. An ion-exchange resin is a type of resin that behaves as a medium for ion exchange . These beads generally provide substantial area on the outside and inside and are typically porous. There are various sorts of ion exchange resins. An ion exchange resin is an insoluble matrix, usually white or yellowish, constructed from organic polymer substrate, within 0.25–0.5 mm radius range of microbeads. Ion exchange resins can remove organic mixtures, chlorine, and radioactive elements including uranium and lanthanum resulting in a rise in application in chemical processing, food & beverage, power generation, waste water treatment, electronics and mining.

The most common instances of the applications of ion exchange resins are for water softening and purification. Rising awareness for purification and softening of water is additionally being witnessed in industrial claims and is projected to play an important role in driving the ion exchange resin market. Due to technological progressions and exceptional efficiency, consumer preferences is decidedly shifting towards ion exchange resins from traditional resins. Rigorous regulations towards conservation and therefore the dearth of water availability is predicted to drive the expansion of the ion exchange resins market. However, there are few drawbacks which can hamper the market within the coming years. These drawbacks include chlorine contamination and organic contamination of resins. Removal of used ion exchange resins is being overseen by strict rules and regulations to make sure that they don’t cause any harm.

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Ion Exchange Resin Market: Regional Outlook

The ion exchange resin market within the Asia Pacific region is anticipated to account for the most important revenue share and register most significant CAGR over the forecast period. The steady rise in ion exchange resin manufacturing for utilization within the region for exports augments their demand within the region. Moreover, increasing population and expanding end-use industries have led to innovation and development, making APAC a crucial industrial hub, globally. More innovation including industry consolidations are strategies expected to steer to high growth of the market within the region. Emerging economies, like China, India, Malaysia, also as prosperous ones as Saudi Arabia , offer growth opportunities for the ion exchange resin market, as they record rising demand and requirement for clean water.

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Ion Exchange Resin Market: Key Players

• DowDuPont Inc. (US)
• Purolite Corporation (US)
• Mitsubishi Chemical Corporation (Japan)
• LANXESS AG (Germany)
• Ion Exchange India Ltd. (India)
• Thermax Ltd. (India)
• Resin Tech Inc.

The COVID-19 Impact on Ion Exchange Resin Market:

COVID-19 has had a big effect on the worldwide markets, and ion exchange market was no exception to the present effect. While on one hand end use industries like power, chemicals and petrochemical, metal and mining have come to an indefinite halt as business try to protect workers from the virus, other end use industries like pharmaceuticals and F&B are growing at a pace almost unprecedented. Therefore, the loss incurred by ion exchange resin market on one front is being offset by the increased demand for the merchandise in another. Furthermore, the COVID-19 pandemic also features a significant impact on the supply chain as countries, especially in Asia-Pacific, witnessed a substantial slowdown in their economic activities. However, the easing in restrictions and government initiatives to restart the economic activities associated with commodity creates hope for the approaching recovery of the market.


Report Highlights:


  • Detailed overview of the parent market
    • Changing ion exchange resin market dynamics
    • In-depth ion exchange resin market segmentation
    • Historical, present, and projected ion exchange resin market size in terms of volume and value
    • Recent ion exchange resin market trends and developments
    • Competitive landscape
    • Strategies of key players and products offered
    • Segments, sub-segments, and countries to exhibit promising growth
    • A neutral perspective on cancer biomarkers market performance

  To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/ion-exchange-resin-market

 Ion Exchange Resin Market: Segmentation

 This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2017 to 2027. For the purpose of the study, this Reports and Data has segmented the ion exchange resin market on the basis of biomolecule type, disease type, profiling technologies, application, services and the regional outlook:

 Type (Revenue in USD Million; 2017–2027)

  • Cationic Resins
  • Anionic Resins
  • Others

Application (Revenue in USD Million; 2017–2027)

  • Water softening
  • Water purification
  • Metal purification
  • Purification of antibiotics
  • Catalysis
  • Other

By End Use Industry (Revenue in USD Million; 2017–2027)

  • Power
  • Chemical & Petrochemical
  • Water & Wastewater Treatment
  • Food & Beverage
  • Pharmaceutical
  • Electrical & Electronics
  • Metal & Mining
  • Others

Regional Outlook (Revenue in USD Million; 2017–2027)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America
    • Brazil

 

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