As per the latest report by IMARC Group, titled “Ion Exchange Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global ion exchange resins market size reached a value of US$ 1.82 Billion in 2020. Ion exchange resins are insoluble polymers that occur in the form of small, white or yellowish microbeads. These resins have a backbone of cross-linked polystyrene and side chains of ion-active groups. Some of the natural substances that exhibit properties of ion exchange materials are proteins, cellulose, soil particles and living cells. These polymers are extensively used in mining, agriculture, chemical synthesis, medical research, food processing and a variety of other areas.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Ion Exchange Resins Market Trends:
There is a rise in the demand for ion exchange resins owing to the presence of numerous contaminants, such as pathogenic microorganisms, pollutants and factory wastes in the drinking water. Ion exchange resins are utilized in wastewater treatment plants to interchange one ion with another, which helps in demineralization or water softening. It also aids in removing other substances from water during de-alkalization, deionization and disinfection. In addition to this, governments of several countries are implementing stringent water conservation regulations due to the increasing global population and the simultaneously growing scarcity of fresh water. This, in turn, is escalating the demand for ion exchange resins across the globe. Apart from this, these resins are also increasingly being used in liquid glucose, sugar refining, Methyl t-butyl ether (MTBE) catalysis, and gold and uranium mining. . Looking forward, IMARC Group expects the global ion-exchange resins market to exhibit moderate growth during the next five years.
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Key Market Segmentation:
Competitive Landscape With Key Players :
- LANXESS AG
- Mitsubishi Chemical Holdings Corporation Dow Inc.
- Purolite Corporation
- Thermax Limited
- Ion Exchange (India) Ltd.
- ResinTech Inc.
- Novasep Holding SAS
- Samyang Corporation and Jiangsu Suqing Water Treatment Engineering Group Company Ltd.
Market Breakup by type:
- Other Resins.
At present, cationic resins represent the leading segment.
Market Breakup by application:
- Demineralization and Water softening
- Food and Beverage
- Mining and Metallurgy,
- Other segments.
The demineralization and water softening segment accounts for the majority of the total market share.
Market Breakup by Region-wise:
- North America,
- Asia Pacific
- Middle East and Africa
- Latin America.
Amongst these, Asia Pacific currently represents the largest market.
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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