Know About Ion Exchange Resins Market Growth Scenario and Market Perspective with Study of Top Players & Revenue to Significant Growth Forecasts By 2024 | Major Players are Dow Chemical Company, ResinTech Inc., Lenntech B.V., Ion Exchange (India) Ltd., Pu

Ion exchange resins, also known as ion exchange polymers, are insoluble matrices, which act as a medium for ion exchange. Ion exchange resins are significantly used in nuclear power generation. These polymers are insoluble matrices, which are 0.5-1 mm in diameter. Ion exchange resin beads are highly porous organic polymer substrates having a large surface area to make the ion exchange more effective. These resin beads are extensively used in separation, purification and decontamination processes, with the most common application being water softening and water purification.

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Additionally, these resins are used for biodiesel filtration process. Ion exchange process is significantly used for decontamination and separation in various industries, such as pharmaceuticals, nuclear power generation, food and beverages, chemical processing, electrical and electronics, water and wastewater treatment, mining and others.

The global ion exchange resins market has been segmented on the basis of type and application. On the basis of type, the global market has been segmented into specialized ion exchange resins, cationic and anionic. On the basis of application, the global ion exchange resins has been segmented into chemical, power, food and beverage, water treatment, electrical and electronics, pharmaceutical and metals and mining. The ion exchange resins are gaining huge popularity in the pharmaceutical industry, due to their efficiency to be used as drug delivery systems and suitability for drug delivery technologies, which include transdermal, nasal, controlled release, and taste masking.

The growing mining industry in China, Indonesia and India has raised concerns related to water pollution, which is likely to boost the demand for ion exchange resins used for water treatment. Rapid industrialization and growing power generation in South America is expected to further propel the demand for ion exchange resins in the region. The European ion exchange resins market is expected to witness steady growth, during the forecast period, owing to regulations framed by European Commission and EPA on restricting the use of chemicals in water treatment for industrial, commercial and institutional applications.

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The global ion exchange resins market is expected to witness significant growth, during the forecast period. The growth in the global market is propelled by increasing demand for nuclear power generation. The growing environmental apprehensions over power generation through conventional means has led the government authorities to focus on unconventional mode of power generation.

Some of the key companies in the global ion exchange resins market are Dow Chemical Company, ResinTech Inc., Lenntech B.V., Ion Exchange (India) Ltd., Purolite Corporation, Mitsubishi Chemical Corporation, Thermax Ltd, Lanxess AG, Samyang Corporation and Evoqua Water Technologies.

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