Ion Exchange Resin Market - Segmented by Product Type, Application, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Ion Exchange Resin Market - Segmented by Product Type, Application, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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Ion Exchange Resin Market Size

The ion exchange resin market is estimated to witness a CAGR of nearly 4.2%, during the forecast period, 2018-2023. North America is expected to witness highest growth in the demand for ion exchange resins. This is majorly owing to the increasing demand from municipal water treatment applications and food processing applications, which, in turn, is expected to drive the market during the forecast period.

Municipal Water Treatment is expected to dominate the Market

Municipal water treatment application is expected to witness the highest demand for ion exchange resins in the coming years. This is majorly because it helps in removal of impurities to the maximum extent. Additionally, the rise in concerns for consuming clean and safe water for drinking and sanitation has led to an increase in demand for ion exchange resins. This has pushed the governments of developing nations, such as India, China, and Brazil, to ensure the supply of clean drinking water. In India, Safe Drinking Water Act (SDWA) requires EPA (United States Environmental Protection Agency) to establish regulations to protect human health from contaminants in drinking water. The act authorizes EPA to develop national drinking water standards and ensure compliance with these standards. Aforementioned factors are expected to boost the demand for ion exchange resins, during the forecast period.

Increasing Demand from Food Processing Applications

There has been an increase in the demand for ion exchange resins from the food and beverages industry, majorly because it is required for food processing applications. Ion exchange resins help in elimination of contaminants, which is one of the major factors due to which the demand has witnessed an increase lately. With the rapid growth of food and beverage industry in United States, Mexico, Germany, United Kingdom, China, and India, the demand for ion exchange resin is expected to rise from the processed food and food additives sector, primarily sweeteners.

North America dominates the global Ion Exchange Resin Market

North America is expected to dominate the global ion exchange resin market during the forecast period. This is majorly because of the increasing demand for ion exchange resins from end-user industries including pharmaceutical, mining, and nuclear power. Additionally, the increasing investments in United States pharmaceutical sector is expected to boost the demand for ion exchange resins in the coming years which in turn is likely to boost the market growth. For instance, Novo Holdings' Repair Impact Fund is expected to invest 20 USD million to 40 USD million annually over 3–5 years in ~20 projects in US and Europe. However, Asia-Pacific is expected to be the fastest growing region during the forecast period. The governments of developing economies, such as China, India, and Indonesia in this region have been taking strict measures for water treatment.

                                            Ion Exchange Resin Market Revenue Share

Key Developments in the Ion Exchange Resin Market

  • November 2017: AGC launched the new brand “FORBLUE™”, serving the expanding needs for chemical separation

Major Players inIon Exchange Resin Market

  • DowDuPont
  • Finex Oy
  • ION Exchange
  • Lanxess
  • Thermax Limited

Reasons to Purchase Ion Exchange Resin Market Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand, which product type, application end-user industry will dominate the market
  • To identify, which countries are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (In excel)

Customization of Ion Exchange Resin Market Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

1. Introduction

                1.1 Scope of the Ion Exchange Resin Market Report

                1.2 Ion Exchange Resin Market Definition

                1.3 Study Assumptions of Ion Exchange Resin Market

                1.4 Study Deliverables of Ion Exchange Resin Market

                1.5 Research Phases

2. Executive Summary of Ion Exchange Resin Market

3. Market Insights of Ion Exchange Resin Market

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products & Services

                                3.2.5 Degree of Competition

4. Market Dynamics

                4.1 Ion Exchange Resin Market Drivers

                                4.1.1 Increasing Demand for Municipal and Industrial Water Treatment

                                4.1.2 Increasing Demand from Food Processing Applications

                4.2 Ion Exchange Resin Market Restraints

                                4.2.1 Bacterial Contamination Caused by Ion Exchange Resins

                4.3 Ion Exchange Resin Market Opportunities

                                4.3.1 Rapid Increase in Manufacturing Activities in Asia-Pacific to Drive the Future Demand

                                4.3.2 Technological Developments in Water Treatment Technologies

5. Market Segmentation and Analysis

                5.1 Ion Exchange Resin Market By Product Type

                                5.1.1 Adsorbent Resins

                                5.1.2 Chelating Resins

                                5.1.3 Cation Exchange Resins

                                5.1.4 Strong Acid Cation Exchange Resins

                                5.1.5 Weak Acid Cation Exchange Resins

                                5.1.6 Anion Exchange Resins

                                5.1.7 Strong Base Anion Exchange Resins

                                5.1.8 Weak Base Anion Exchange Resins

                                5.1.9 Others (Including Mixed Bed Resins)

                5.2 Ion Exchange Resin Market By Application

                                5.2.1 Sugar Refining

                                5.2.2 Liquid Glucose

                                5.2.3 Uranium Mining

                                5.2.4 Gold Mining

                                5.2.5 Municipal Water Treatment

                                5.2.6 Pharmaceuticals

                                5.2.7 Power Generation

                                5.2.8 Fertilizers

                                5.2.9 Electrical and Electronics

                                5.2.10 Others

                5.3 Ion Exchange Resin Market By End-user Industry

                                5.3.1 Healthcare

                                5.3.2 Food and Beverage

                                5.3.3 Water and Wastewater Treatment

                                5.3.4 Mining

                                5.3.5 Power

                                5.3.6 Paper and Pulp

                                5.3.7 Chemicals

                                5.3.8 Others

6. Ion Exchange Resin Market Regional Analysis (Market Size, Growth, and Forecast)

                6.1 Asia-Pacific

                                6.1.1 China

                                6.1.2 India

                                6.1.3 Japan

                                6.1.4 South Korea

                                6.1.5 ASEAN Countries

                                6.1.6 Rest of Asia-Pacific

                6.2 Europe

                                6.2.1 Germany

                                6.2.2 United Kingdom

                                6.2.3 France

                                6.2.4 Italy

                                6.2.5 Rest of Europe

                6.3 North America

                                6.3.1 United States

                                6.3.2 Canada

                                6.3.3 Mexico

                                6.3.4 Rest of North America

                6.4 South America

                                6.4.1 Brazil

                                6.4.2 Argentina

                                6.4.3 Rest of South America

                6.5 Middle East & Africa

                                6.5.1 Saudi Arabia

                                6.5.2 South Africa

                                6.5.3 Rest of Middle East & Africa

7. Competitive Landscape of Ion Exchange Resin Market

                7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

8. Company Profiles of Ion Exchange Resin Market (Overview, Financials**, Products & Services, and Recent Developments)

                8.1 DowDuPont

                8.2 Eichrom Technologies, LLC

                8.3 Evoqua Water Technologies LLC

                8.4 Finex Oy

                8.5 Ion Exchange (India) Limited

                8.6 Ionic Systems Ltd

                8.7 Lanxess AG

                8.8 Novasep

                8.9 Purolite

                8.10 ResinTech Inc.

                8.11 Thermax Limited

                *List Not Exhaustive

9. Disclaimer

**Subject to Feasibility & Availability on Public Domain

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