Ion Exchange Resin Market - Segmented by Product Type, Application, End-user Industry, and Geography - Growth, Trends, and Forecast (2020 - 2025)

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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

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