According to the new market research report “Ion Exchange Resins Market by Type (Cationic Resins, Anionic Resins), Application (Water, Non-Water), End-Use Industry (Power, Chemical & Petrochemical, Pharmaceutical, Food & Beverage), and Region – Global Forecast to 2025″, is projected to grow from USD 1.8 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 4.2%, during the forecast period. Ion exchange resins are small plastic beads that have a porous structure and have the ability to absorb water. Ion exchange resins find use in various end-use industries, such as power generation, chemical & petrochemicals, food & beverage, pharmaceuticals, electrical & electronics, and metal & mining. They are also extensively used for water & wastewater treatment to soften the hard water and also for the demineralization of water.
Don’t miss out on business opportunities in Ion Exchange Resins Market
Speak to our analyst and gain crucial industry insights that will help your business grow:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=865
Cationic resins is projected to be the largest segment of the market. Cationic resins can be further divided into strong acid cation and weak acid cation. These resins are majorly used for water softening to remove hardness causing ions, softening and dealkalization, and barium & radium removal. Cationic resins have been used for commercial, industrial, and residential purposes and have gained popularity over time. Various companies are investing significant amounts of their revenues in R&D activities to find new applications of these resins, thereby, boosting their business growth rate, significantly.
Water is projected to be the faster-growing application segment. This large share of water application can be attributed to the increased use of ion exchange resins in water & wastewater treatment. The norms followed by some countries including China are increasingly resembling that of the countries in North America and Europe. As the regulations get more stringent, the demand for ion exchange resins in water applications is expected to increase further during the forecast period.
Browse and in-depth TOC on “Ion Exchange Resins Market – Global Forecast to 2025”
158 – Tables
52 – Figures
182 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/ion-exchange-resins-market-865.html
The global ion exchange resins market size is projected to grow from USD 1.8 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 4.2%, between 2020 and 2025. The growing demand for the product in water treatment and purification purposes in industries, such as power, electrical & electronics, and metal & mining is a key factor driving the ion exchange resins market growth.
DuPont de Nemours, Inc., (US), Lanxess AG (Germany), Purolite Corporation (US), among other players, have adopted various strategies, such as investment & expansion, merger & acquisition, new product development, and partnership & collaboration between 2016 and 2020, to enhance their market shares and expand their global presence.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=865
DuPont (US) is one of the key major manufacturers in the ion exchange resins market. The company specializes in the production of resin products used in healthcare, residential, industrial water treatment, chemicals & petrochemical, microelectronics, and other industries. The company supplies a number of ion exchange resin products for a diverse range of applications. It is more focused on cost-oriented manufacturing than its competitors but maintains proper quality standards required by the end users. It is also focused on expanding its business globally for achieving a greater market reach and presence through mergers & acquisitions. These initiatives taken by DuPont are expected to prove beneficial for its growth over the next few years. The company also continuously focuses on its inorganic growth.
Lanxess (Germany) is another major player operating in the ion exchange resins market. The company has a broad product portfolio of ion exchange resins which find application in various industries. It has 75 production sites across the globe, which help it attain economies of scale. The company is also adopting growth strategies, for instance, new product development, to expand its presence worldwide. For example, in October 2017, the company developed new mixed-bed exchanger, the Lewatit NM 3367 to demineralize water. The product will prevent the heating system from scale formation and corrosion. This product launch gave the company a competitive edge in the ion exchange resins market. It focuses on organic as well as inorganic growth strategies, such as partnership & collaboration, investment & expansion, and new product launch to expand its business and increase its market share.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/ion-exchange-resins-market.asp