Ion Exchange Resins Market, Growth (CAGR of 4.4 %), Price Analysis, Demand and Forecast 2022-2027

IMARC Group's latest research report, titled "Ion Exchange Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The global ion exchange resins market reached a value of US$ 1.92 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.49 Billion by 2027, exhibiting a CAGR of 4.4 % during 2022-2027.

An ion exchange resin is an insoluble polymer that contains acidic or basic functional groups and can exchange counter-ions within an aqueous solution surrounding it. It is usually available in the form of small beads, white or yellowish, or fabricated from an organic polymer substrate backbone. These resins find extensive applications in drug delivery, biomedical analysis, water softening, water purification, etc.

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Global Market Trends:

The global market is primarily driven by the increasing demand for cationic resins for water treatment applications. Furthermore, the growing demand for nuclear energy is positively influencing the market. Apart from this, the widespread utilization of ion exchange resins in various industries, including power and chemical and petrochemical, is significantly contributing to the market growth.

Moreover, the increasing investments by market players in the pharmaceutical sector are providing a boost to the demand for ion exchange resins. Besides this, rapid expansion in the mining sector is increasing the need for freshwater, which in turn, is providing a thrust to the market growth. Additionally, stringent regulations imposed by the government of various countries due to the growing scarcity of freshwater is escalating the demand for ion exchange resins across the globe.

Key Players Included in Global Ion Exchange Resins Market Research Report:

• 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.

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Key Market Segmentation:

Breakup by type:

• Cationic
• Anionic
• Other Resins.

Breakup by Application:

• Demineralization and Water softening
• Food and Beverage
• Mining and Metallurgy,
• Other segments.

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Ion Exchange Resins Market Research Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Ion Exchange Resins Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

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This release was published on openPR.