Ion-Exchange Resins Market Expected to Expand at a Steady CAGR through 2025

Future Market Insights has announced the addition of the “Ion-Exchange Resins Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.

Ion-Exchange Resins or ion-exchange polymers are basically insoluble matrices that are usually available in the form of small beads ranging 0.5 to 1 mm in diameter with white or yellowish colors. The Ion-Exchange Resin beads are characteristically porous organic polymeric substrates with a high surface area in order to make the process of ion exchange more efficient. Ion-exchange is the process of exchanging ions between electrolyte solutions or complexes, which is basically utilized in various decontamination, separation and purification processes. The most common examples of such processes are water softening and water purification process. Besides, because of their high affectivity, ion exchange resins are also used in biodiesel filtration process.

Ion-exchange process has developed as one of the most widely used process of separation and decontamination in various industries e.g. water & wastewater treatment, pharmaceuticals, food & beverages, nuclear power generation, electrical & electronics, mining, chemical processing and others.

Because of their vast application in so many end-use industries, Global Ion-Exchange Resins market is expected to grow at a significant growth rate during 2015-2025.

Drivers and Restraints

Severe environmental concerns over power generation through non-renewable or conventional means from various world and regional agencies has led the governments to approach unconventional sources of power generation. Utilization of nuclear means in power generation is in itself a good option, as it does not create much pollution as compared to the other conventional means. Ion-exchange resins are being utilized significantly in nuclear power generation. With the growth of nuclear power generation, the global Ion-exchange resins market is also anticipated to boost up over the forecast period.

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Besides, Ion-exchange resins are highly used in saline water treatment. There are several regions in the world where access to potable and drinking water is still a challenge. Ion-exchange is considered as one of the most efficient process for purification of water. Though it is a little expensive as compared to other processes available, various techno-logicians and scientists, because of its high efficiency, are working in a direction to prepare cost-effective ion-exchange process and ion-exchange resins to make it further more utilized and less expensive.

High cost of ion-exchange resins and process works as potent restraint to Ion-exchange resins market. But significant improvisation in technologies are expected to hit the market in coming years, which will bring the cost of ion-exchange resins down and making the process more popular among its users.

Market Segmentation

The Ion-exchange resins market is segmented mainly based on their types, applications and regions.

Based on their type, the ion-exchange resins market is mainly categorized in the following three categories:

Chelating Resins or Specialized ion-exchange resins.

Cation Exchange Resins: Attract positively charged ions

Anion Exchange Resins: Attract negatively charged ions

Based on their applications, ion-exchange resins market is segmented as the following:

Saline water & wastewater treatment,

Pharmaceuticals

Food & beverages

Nuclear power generation

Electrical & electronics

Mining and Metals

Chemical processing

Others

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Regional Outlook

Geographically, global Ion-exchange resins market is segmented into seven main regions, which are North America, Latin America, Middle East & Africa, Western Europe, Eastern Europe, Asia Pacific and Japan. Asia Pacific is the prime market having the highest growth rate in all regions of the world. Asia-Pacific and North America together account for more than two-third of the global ion-exchange resins market.

Market Players

The global ion exchange resins market is quite consolidated. The key players in this market are: The Dow Chemical Company, Purolite Corporation, Mitsubishi Chemicals, Thermax Ltd, Ion Exchange Ltd., Lanxess AG, BASF SE, Anhui East Chemical, Shanghai Shuiyi Resin, Evoqua Water Technologies, Primus and others.

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This release was published on openPR.