Global Ion Exchange Resins Market: Introduction
Ion exchange resins are small and insoluble matrices produced from organic polymer substrate. These resins are primarily used for purification of water in wastewater treatment plants & chemical industries. Their porous surfaces help to easily capture and release ions, which makes them highly effective in purification of organic compounds and radioactive elements. The global demand for ion exchange resins is expected to skyrocket over the following decade, mainly due to their advanced purification properties and their high feasibility in industrial applications for chemical processing plants. Health concerns arising from exposure to impure chemicals and organic compounds and rapid industrialization across several parts of the world are major factors fueling growth of the global ion exchange resins market. Rise in demand for clean and purified water continues to surge in all parts of the world, which boosts demand for inclusion of ion exchange resins in innovative & highly-evolved water purification techniques.
Global Ion Exchange Resins Market: Market Dynamics
Increasing awareness towards softening and purification of water in industrial applications is expected to drive growth of the global ion exchange resins market. Moreover, increasing demand for ion exchange resins in various applications such as food & beverages, power generation, pharmaceuticals, domestic and waste water treatment, electrical & electronics and chemicals & fertilisers are expected to create highly conducive environment for market growth. Furthermore, growing awareness related to use of sustainable products is expected to increase demand for environment friendly ion exchange resins.
Regulatory authorities such as EPA and European Commission are focusing on restriction of use of chemicals in water treatment for industrial, institutional and commercial-based applications. These authorities have passed various regulations to achieve targets, which are projected to downtrend the demand for ion exchange resins.
The growing demand for ion exchange resins in food & beverages industries is an opportunity for the key players to acquire untapped share in the global market.
Global Ion Exchange Resins Market: Segmentation
Global market can be segmented on the basis of type of ion exchange resins type:
Global market can be segmented based on the applications:
Global market is also segmented based on the end-use industries:
Global Ion Exchange Resins Market: Regional Overview
In the flourishing global market of ion exchange resins, Asia Pacific is expected to gain the significant growth in near future. Rapidly developing countries of Asia such as China and India are expected to witness robust industrial growth, which inadvertently would result in water pollution and compel steadfast adoption of water purification techniques involving ion exchange resins. Rise in government funding for construction, industrial and infrastructure development in countries of Middle East and Africa such as UAE, Oman and Saudi Arabia is also expected to increase the demand in global ion exchange resins market.
North America and Europe are expected to have least growth in the near future, as stringent government regulations on use of chemicals for water treatment in these regions are imposing a negative impact on the growth in use of ion exchange resins.
Global Ion Exchange Resins Market: Key Players
Some of the prominent market participants identified in the global ion exchange resins market are mentioned below:
Manufacturing companies such as the Dow Chemical Company and Resin Tech Inc. are focusing towards product launch and expansion to cater to the growing demand for ion exchange resins, globally.
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