Ion-Exchange Resins Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016
Ion-Exchange Resins Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Global Ion Exchange Resins Market: By Product Type (Anion exchange resins, Cation-exchange resins, Others), By Application (Power Generation, Pharmaceuticals, Electrical and Electronics, Food and Beverages, Chemicals, Water Treatment, Mining and Metal, Others), By End-User (Pharmaceutical Industries, Chemical Industries, Food and Beverages industries, Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Market Outline: Ion Exchange Resins Market
Ion exchange resins are the polymers that act as a medium in the ion exchange process. Most of the ion-exchange resins are based on the cross-linked polystyrene. Ion-exchange resins are classified into anion-exchange resins and cation-exchange resins. Ion exchange resins are widely used in the purification, separation, and decontamination process. Applications of ion exchange resins include water purification, water softening, and metal separation, production of high-purity water, juice purification, sugar manufacturing, and pharmaceutical purification among others.
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Market Dynamics: Ion Exchange Resins Market
Rise in number of food and beverage and pharmaceutical industries, growing demand for purified water, and wide range of applications of ion-exchange resins such as mining of metals and biodiesel production are anticipated to fuel the ion exchange resins market. Moreover, stringent regulations for restricting the chemicals in water treatment, deployment of ion–exchange resins in nuclear power stations, and clinical applications of biocompatible resins are anticipated to boost the ion exchange resins market over forecast timeframe. However, high manufacturing cost for ion-exchange resins, lack of awareness in underdeveloped countries, and increase in adoption of alternative techniques such as reverse osmosis and electro deionization are expected to hinder the growth of ion exchange resins market over forecast period.
Market Scope: Ion Exchange Resins Market
Ion-exchange resins market is segmented on the basis of product type, application, end-user, and region
Based on the product type, the market is segmented into the following:
• Anion-exchange resins
• Cation-exchange resins
• Others
Based on the application, the market is segmented into the following:
• Power Generation
• Pharmaceuticals
• Electrical and Electronics
• Food and Beverages
• Chemicals
• Water Treatment
• Mining and Metal
• Others
Based on end-user, the market is segmented into the following:
• Pharmaceutical Industries
• Chemical Industries
• Food and Beverages industries
• Others
Based on region, the market is segmented into the following:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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Market Summary: Ion Exchange Resins Market
The global ion-exchange market is poised to grow at a significant CAGR owing to increase in the purification of water and waste water treatment. For instance, most of the industries are focusing on wastewater treatment and approximately 60% of water is reusable. Moreover, due to rapid urbanization and increase in demand for purified water expected to create better market opportunities for the market players. In addition, approval for newer products anticipated to upsurges the revenue growth of the market. For instance, in April 2016, Jacobi’s resinex division received French Ministere des Affaires et de la Sante (FMASS) approval for Resinex KW-H used in removal of temporary hardness and other dealkylation process in potable water supplies. Furthermore, expansion of business by market players is a strategy to dominate the ion exchange resins market. For instance, in April 2013, Lanxess expanded its ion-exchange resins facilities in Leverkusen by investing € 10 Mn in a new product line for weakly acidic cation exchange resins for water treatment.
Regional Analysis: Ion Exchange Resins Market
Geographically, global ion exchange resins market is segmented into North America, Europe, Asia Paific, Latin America, and Middle East and Africa. Europe ion-exchange resins market has a lucrative growth due to increase in number of food and beverage and pharmaceutical industries, increase in demand for purified water and beverages, and high awareness about ion-exchange among key stakeholders. Asia Pacific ion exchange resins market growth driven by growing demand for municipal water treatment, rise in demand for nuclear power in China, India, and Japan, and rapid urbanization are propel the market. Latin America ion exchange resins market is growing due to adoption of newer products, rise in preference for purified water, and increase in per capita income. Middle East and Africa ion exchange resins market has a significant growth owing to expansion of business by market players and increase in the number of industries in the region.
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Competition Assessment: Ion Exchange Resins Market
Some of the players in the global ion-exchange resins market include:
• Purolite Corporation (U.S.)
• Lanxess AG (Germany)
• The Dow Chemical Company (U.S.)
• Thermax Ltd. (India)
• Ion Exchange Ltd. (India)
• Mitsubishi Chemical Corporation (Japan)
• ResinTech, Inc. (Malaysia)
• BASF SE (Germany)
• Eichrom Technologies, LLC (U.S.)
• Novasep Holding SAS (France)
Notable Market Developments: Ion Exchange Resins Market
• In November 2017, Purolite Life sciences collaborated with Repligen Corporation to provide ion exchange agarose resins and high-flow Praesto Protein A affinity with Opus pre-packed chromatography columns
Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012 to 2016) and forecast (2017 to 2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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