According to a new report published by Proficient Market, titled, “Global Ion Exchange Resins Market– Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2019 – 2027″ The report has offered an all-inclusive analysis of the global Ion exchange resins market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.
According to the report, Global Ion Exchange Resins Market in 2020 stood at USD 1.8 billion and is expected to reach USD 3.2 billion by 2027 growing at a CAGR of 4.2% from 2020 to 2027.
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Ion-exchange resin is a resin/polymer that serves as a material/medium for the exchange of ions. The ion-exchange resin is white or yellow in color, it is available in the form of beads which are porous that provide a larger surface area internally, is an insoluble matrix and is fabricated using organic polymer substrates. It is known as an ion-exchange resin as the trapping of ions occurs with the associated release of other ions. Ion exchange resins aid in removing organic compounds, chlorine and radioactive elements (like: uranium, thorium and lanthanum). It is used in purification, separation, decontamination, water softening, biodiesel filtration process and many other purification methods.
Ion Exchange Resins Market Key Players: The research study includes profiles of leading companies operating in the global ion exchange resins market. Key players profiled in the report include:
Aldex Chemical Company
Hebi Higer Chemical
Shandong Bluestar Dongda Chemical
Suzhou Bojie Resin
Jiangsu Linhai Resin
Felite Resin Technology
Anhui Wandong Chemical
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On march, 2020 Purolite corporation announced the launch of its new product purolite resin system modeling platform (PRSM) and is the latest resin plant stimulation. It is a free cloud-based program that models all aspects of plant design associated with ion exchange resin performance operation.
Drivers for the Global Ion Exchange Resins Market: Rising consciousness of pollution and its treatment through purification/separation for softening of water and other industrial applications globally is owing to increase the disposable income and also aid in the growth of the market. The waste water treatment plants/industries are the major drivers for the ion-exchange resins market.
Opportunities for the Global Ion Exchange Resins Market: Moreover, resins are progressively being used in sugar refining, liquid glucose, gold & uranium mining and Methyl t-butyl ether (MTBE) catalysis. Also executing rigorous water conservation regulations due to the increasing global population and the simultaneously growing shortage of fresh water. Hence these factors are positively influencing the growth of the market and are going to provide opportunities for the future growth.
Restrains for the Global Ion Exchange Resins Market: However, the Ion exchange resins do not aid in removing microorganisms (bacteria) from the feed water and hence they sometimes support the bacterial growth, when sterile water is required after it is treated the demineralized water obtained by the ion exchange treatment plant will again have to undergo treatment by heat, very fine filtration and ultraviolet irradiation, and sometimes even if the ion-exchange water is treated with chemicals it can damage the resin. Hence these factors may hamper the growth of the ion-exchange resins market.
Region Wise, Global Ion Exchange Resins Market Analysis: Asia Pacific held largest share in the market due to general economic conditions, investment in new innovations/technology, high demand from industries, due to increased pollution and scarcity of water for industries and population as well. Besides, Europe and North America held larger share in the ion-exchange resin market.
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Global Ion Exchange Resins Market: Product analysis
On the basis of type, cationic resin accounted for largest share of total revenue generated. Because, they possess a wide range of applications like demineralization, saline water treatment, de alkalization and various other purification techniques as well as cost effective.
Global Ion Exchange Resins Market: Application analysis
Chemical & Petrochemical
Food & Beverage
The demand of global ion exchange resins market is highest from Power, due to increased power generation for industries such as petrochemicals and power generating industries.
Global Ion Exchange Resins Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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