Ion Exchange Resins Global Market Report 2022: Deteriorating Quality of Water and Widening Gap between Safe & Reliable Water Supply Drives Growth
Dublin, Oct. 28, 2022 (GLOBE NEWSWIRE) -- The "Ion Exchange Resins - Global Market Trajectory & Analytics" report has been added to * ResearchAndMarkets.com's* offering.
*Global Ion Exchange Resins Market to Reach $2.4 Billion by 2027*
Amid the COVID-19 crisis, the global market for Ion Exchange Resins estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2027, growing at a CAGR of 5.2% over the period 2020-2027. Cationic Resins, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$1.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Anionic Resins segment is readjusted to a revised 4.8% CAGR for the next 7-year period.
*The U.S. Market is Estimated at $364.1 Million, While China is Forecast to Grow at 7.2% CAGR*
The Ion Exchange Resins market in the U.S. is estimated at US$364.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$572.5 Million by the year 2027 trailing a CAGR of 7.2% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$324.5 Million by the year 2027.
*Other Types Segment to Record 4% CAGR*
In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$170.6 Million in the year 2020 will reach a projected size of US$220.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.6% CAGR through the analysis period.
*Select Competitors (Total 62 Featured)*
· Aldex Chemical Company, Ltd.
· Anhui Sanxing Resin Technology Co. Ltd.
· Auchtel Products Ltd.
· Bengbu Dongli Chemical Co., Ltd.
· Bio-Rad Laboratories, Inc.
· E. I. du Pont De Nemours and Company
· Eichrom Technologies, LLC
· Evoqua Water Technologies LLC
· Finex Oy
· Hebi Juxing Resin Co., Ltd.
· Ion Exchange (India) Ltd.
· Jacobi Carbons AB
· Jiangsu Linhai Resin Science and Technology Co. Ltd.
· Jiangsu Suqing Water Treatment Engineering Group Co., Ltd
· Lanxess AG
· Mitsubishi Chemical Corporation
· Ningbo Zhengguang Resin Co., Ltd.
· Novasep Holding SAS
· Ovivo, Inc.
· Purolite Corporation
· ResinTech, Inc.
· Samyang Corporation
· Sunresin New Materials Co., Ltd.
· Thermax Ltd.
· Tianjin Nankai Hecheng Science & Technology Co., Ltd.
*Key Topics Covered:*
*I. METHODOLOGY*
*II. EXECUTIVE SUMMARY*
*1. MARKET OVERVIEW*
*2. FOCUS ON SELECT PLAYERS*
*3. MARKET TRENDS & DRIVERS*
· Expanding Applications to Present Growth Opportunities for Ion Exchange Resins Market
· Growing Water Scarcity and Increasing Importance of Water Recycling & Reuse Bodes Well for the Market
· Deteriorating Quality of Water and Widening Gap between Safe & Reliable Water Supply: A Key Factor Fueling Growth
· Industrialization and Surge in Urban Population in Emerging Economies Fuels Market Growth
· Water Needs of Expanding Urban Population to Boost Market for Ion Exchange Resins
· Water-Guzzling Industrial Units and Increasing Emphasis on Sustainable Wastewater Treatment Benefit Demand
· New Focus on Circular Economy among Industrial Enterprises Drives Emphasis on Wastewater Recycling and Reuse
· Ion Exchange Resin Demand in Power Industry to Witness High Growth
· Rise in Nuclear Power Generation Drives Demand for Ion Exchange Resins
· Nuclear Power Capacity Distribution by Region: New Capacity in GWE for Operational and Under-Construction Plants
· Chemical & Petrochemical: Demand for Ion Exchange Resins to Witness Healthy Growth
· Pharmaceutical Industry's Need for Improved Drug Retention & Prevention of Dose Dumping & Toxicity to Boost Market
· Requirements for Water Used by the Pharmaceutical Industry
· Growing Role of Ion Exchange Resins in Cleaning and Obtaining Pure Metals
· Increased Need for Ultrapure Water Boosts Market Growth
· Water Softening: A Major Application of Ion Exchange Resins
· Ion Exchange Resins Find Growing Use in Catalysis
· Role of Ion Exchange Resins in Sugar Refining
· Role of Ion Exchange Resins in Making Mineral Oils Acid-free
· Challenges Facing Ion Exchange Resins Market
*4. GLOBAL MARKET PERSPECTIVE*
*III. MARKET ANALYSIS*
*UNITED STATES*
*CANADA*
*JAPAN*
*CHINA*
*EUROPE*
*FRANCE*
*GERMANY*
*ITALY*
*UNITED KINGDOM*
*SPAIN*
*RUSSIA*
*REST OF EUROPE*
*ASIA-PACIFIC*
*AUSTRALIA*
*INDIA*
*SOUTH KOREA*
*REST OF ASIA-PACIFIC*
*LATIN AMERICA*
*ARGENTINA*
*BRAZIL*
*MEXICO*
*REST OF LATIN AMERICA*
*MIDDLE EAST*
*AFRICA*
*IV. COMPETITION*
For more information about this report visit https://www.researchandmarkets.com/r/q8tkvr
*Attachment*
· Global Market for Ion Exchange Resins
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