According to Market Study Report, Ion Exchange Resins Market provides a comprehensive analysis of the Ion Exchange Resins Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Ion Exchange Resins Market. An exclusive data offered in this report is collected by research and industry experts team.
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The Global Ion Exchange Resins Market size is projected to grow from US$ 1.8 Billion in 2020 to US$ 2.2 Billion by 2025, at a CAGR of 4.2%, between 2020 and 2025. This report spread across 190 Pages, Profiling 13 Companies and Supported with 158 Tables and 52 figures are now available in this research.
Top Companies profiled in the Ion Exchange Resins Market:
- DuPont de Nemours Inc. (US)
- Lanxess (Germany)
- Purolite Corporation (US)
- Mitsubishi Chemical Corporation (Japan)
- Thermax Limited (India)
- Ion Exchange (India) Ltd. (India)
- Novasep Holding (France)
- Samyang Corporation (South Korea)
- ResinTech Inc. (US)
- Bio-Rad Laboratories Inc. (US)
“The other types segment is expected is expected to register the highest CAGR of the overall ion exchange resins market during the forecast period.”
Chelation resins and adsorbent resins are included in the others segment. Chelation resins are commonly used to remove metals, such as lead, copper, and zinc, in the metal processing industries. Adsorbent resins are mainly used in industrial applications to modify physio-chemical characteristics of liquids. These resins are suitable for adsorption of specific organic molecules from food and nonfood liquids.
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“The ion exchange resins market in the power industry is projected to account for the largest share during the forecast period.”
The power industry has witnessed significant growth over the past few years, which is attributed to the growing demand for electricity from various countries. The governments, worldwide, are encouraging various industries, including food & beverage, chemical, and primary metal to reduce their carbon footprints and switch to renewable and nuclear energy sources. Nuclear energy is the second-fastest-growing source of energy.
“APAC ion exchange resins market is projected to register the highest CAGR during the forecast period.”
The APAC market is segmented into China, India, Japan, South Korea, Australia, Taiwan, Thailand, Indonesia, and Rest of APAC. China is the market leader in APAC for ion exchange resins. Major fuel sources in the country are fossils and renewables. High growth in electricity demand has given rise to power shortages, while the dependency on fossil fuels has led to increased air pollution.