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Ion Exchange Resins Global Market Report 2022: Deteriorating Quality of Water and Widening Gap between Safe & Reliable Water Supply Drives Growth

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Global Market for Ion Exchange Resins

Global Market for Ion Exchange Resins
Global Market for Ion Exchange Resins

Dublin, Oct. 28, 2022 (GLOBE NEWSWIRE) -- The "Ion Exchange Resins - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Ion Exchange Resins Market to Reach $2.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Ion Exchange Resins estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2027, growing at a CAGR of 5.2% over the period 2020-2027. Cationic Resins, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$1.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Anionic Resins segment is readjusted to a revised 4.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $364.1 Million, While China is Forecast to Grow at 7.2% CAGR

The Ion Exchange Resins market in the U.S. is estimated at US$364.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$572.5 Million by the year 2027 trailing a CAGR of 7.2% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$324.5 Million by the year 2027.

Other Types Segment to Record 4% CAGR

In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$170.6 Million in the year 2020 will reach a projected size of US$220.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.6% CAGR through the analysis period.

Select Competitors (Total 62 Featured)

  • Aldex Chemical Company, Ltd.

  • Anhui Sanxing Resin Technology Co. Ltd.

  • Auchtel Products Ltd.

  • Bengbu Dongli Chemical Co., Ltd.

  • Bio-Rad Laboratories, Inc.

  • E. I. du Pont De Nemours and Company

  • Eichrom Technologies, LLC

  • Evoqua Water Technologies LLC

  • Finex Oy

  • Hebi Juxing Resin Co., Ltd.

  • Ion Exchange (India) Ltd.

  • Jacobi Carbons AB

  • Jiangsu Linhai Resin Science and Technology Co. Ltd.

  • Jiangsu Suqing Water Treatment Engineering Group Co., Ltd

  • Lanxess AG

  • Mitsubishi Chemical Corporation

  • Ningbo Zhengguang Resin Co., Ltd.

  • Novasep Holding SAS

  • Ovivo, Inc.

  • Purolite Corporation

  • ResinTech, Inc.

  • Samyang Corporation

  • Sunresin New Materials Co., Ltd.

  • Thermax Ltd.

  • Tianjin Nankai Hecheng Science & Technology Co., Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Expanding Applications to Present Growth Opportunities for Ion Exchange Resins Market

  • Growing Water Scarcity and Increasing Importance of Water Recycling & Reuse Bodes Well for the Market

  • Deteriorating Quality of Water and Widening Gap between Safe & Reliable Water Supply: A Key Factor Fueling Growth

  • Industrialization and Surge in Urban Population in Emerging Economies Fuels Market Growth

  • Water Needs of Expanding Urban Population to Boost Market for Ion Exchange Resins

  • Water-Guzzling Industrial Units and Increasing Emphasis on Sustainable Wastewater Treatment Benefit Demand

  • New Focus on Circular Economy among Industrial Enterprises Drives Emphasis on Wastewater Recycling and Reuse

  • Ion Exchange Resin Demand in Power Industry to Witness High Growth

  • Rise in Nuclear Power Generation Drives Demand for Ion Exchange Resins

  • Nuclear Power Capacity Distribution by Region: New Capacity in GWE for Operational and Under-Construction Plants

  • Chemical & Petrochemical: Demand for Ion Exchange Resins to Witness Healthy Growth

  • Pharmaceutical Industry's Need for Improved Drug Retention & Prevention of Dose Dumping & Toxicity to Boost Market

  • Requirements for Water Used by the Pharmaceutical Industry

  • Growing Role of Ion Exchange Resins in Cleaning and Obtaining Pure Metals

  • Increased Need for Ultrapure Water Boosts Market Growth

  • Water Softening: A Major Application of Ion Exchange Resins

  • Ion Exchange Resins Find Growing Use in Catalysis

  • Role of Ion Exchange Resins in Sugar Refining

  • Role of Ion Exchange Resins in Making Mineral Oils Acid-free

  • Challenges Facing Ion Exchange Resins Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

AFRICA

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/q8tkvr

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