Global Ion Exchange Resins Market Investigation & Development Trends Analyzed till 2026

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Ion Exchange Resins Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Ion Exchange Resins market have been elaborated upon in the research report.

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Ion exchange resins are polymers that act as ion exchange mediums. They are insoluble in water, cross-linked, and chemically inert. Ion exchange resins are functionalized polymer microbeads, which are usually yellow or white in color. They consist of a fine network with numerous cavities/micropores. The polymer base of resins is manipulated in order to exchange components with surrounding solutions. Ion exchange resins are mostly used for water and wastewater treatment in various end-user industries. A substantial amount of ion exchange resins are used in chemical companies at various process stages. These resins are also used in sludge treatment plants. Recently, the chemical industry has been experiencing instability, due to high fluctuations in the dollar value. This is hampering exports. Economic slowdown in countries such as China and Japan is also adversely affecting the industry. The water & wastewater treatment industry has immense growth potential. Moreover, only 60% of the industrial wastewater is treated, while approximately 40% of the treated water does not conform to the prescribed standards. In case of sewage treatment, the situation is more serious, as, globally, the urban area has capacity to treat just 37% of the sewage generated. North America leads the global ion exchange resins market, followed by Asia Pacific. Asia Pacific is expected to offer relatively higher growth potential to the ion exchange resins market compared to North America in the near future. This can be ascribed to growth of end-user industries such as water treatment, power generation, and mining. 

Increase in Demand for Municipal Water Treatment and Industrial Water Treatment

Around 33% of the global population faces moderate or severe water stress. The quality of underground water resources is diminishing. Thus, a global deficit for clean water is anticipated in the next decade. Furthermore, statistics suggest that around 4.5 billion people are projected to need to utilize polluted water resources by the end of the forecast period. The demand for industrial water goes hand in hand with the rate of industrialization. Rapid industrialization, especially in Asia, goes analogous with the rising demand for industrial water. Increase in water pollution in some of the major regions such as Asia is driving the need for water treatment technologies. The energy sector witnesses significant demand for water treatment. Ion exchange resins such as weak acid cation resins, strong acid cation resins, weak base anion resins, strong base anion resins, chelating resins, and mixed bed resins are used for municipal and industrial water treatment. Thus, increase in the demand for the treatment of municipal/industrial water and wastewater is anticipated to drive the global ion exchange resins market during the forecast period.

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Bacterial Contamination of Ion Exchange Resins

Ion exchange resins do not remove microorganisms such as bacteria from the feed water; however, they sometimes aid in bacterial growth. Organic matter may accumulate on resin beds, which serves as a source of nutrients for bacteria. If sterile water is required after the treatment, the demineralized water produced by the ion exchange treatment plant needs to be treated by heat, ultraviolet irradiation, or very fine filtration. Ion exchange resins beds can also be treated with disinfectants such as formaldehyde, but not with heat or chlorine, as these are likely to damage the resin. These factors are anticipated to restrain the ion exchange resins market during the forecast period.

Development of Products for Biofuel Industry

The biodiesel industry has been looking for ways to replace the traditional conversion methods. Purolite has announced a deal with Transbiodiesel, a technology startup, to manufacture and market enzyme-loaded ion exchange resins meant to replace sodium methylate and provide simultaneous esterification of free fatty acids and trans-esterification of fats and oils. The system improves conversion economics in several manners. Absence of emulsifying soaps makes it easy to separate the fuel from glycerin and low-grade oil feedstock with FFA content as high as 100%. Currently, chemical catalysts are employed in the production of biodiesel. These catalysts have substantial drawbacks in terms of environment and operations and a considerable impact on cost-effectiveness. Enzyme-loaded ion exchange resins can be utilized as enzyme-based catalysts and also, to eliminate the above-mentioned drawbacks. 

Key Takeaways

The market for ion exchange resins is anticipated to expand at a steady growth rate of more than 4% during the forecast period
Growing population in Asia Pacific and growth of end-user industries such as the chemical industry in Asia Pacific lead to the need for water treatment services for industrial as well as municipal water
North America held a major share of the global market in 2017 and is anticipated to continue its dominance throughout the forecast period, due to the increasing demand for ion exchange resins from end-user industries such as pharmaceutical, mining, and nuclear power in the region
However, Asia Pacific is anticipated to be a rapidly expanding market for ion exchange resins during the forecast period
Pharmaceutical, industrial water treatment, and municipal water treatment are major end-use applications of ion exchange resins

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This release was published on openPR.