DUBLIN, April 3, 2020 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.
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.
Urbanization in APAC, increasing demand for nuclear electricity generation in emerging economies, and stringent environmental regulations are the major growth drivers of the global ion exchange resins market. Pharmaceutical, food & beverage, and electrical & electronics industries are projected to register the highest growth in the next five years, thereby boosting the market growth. Increasing population, growing urbanization and evolving manufacturing sector, need for water conservation, and stringent regulations are the major factors that are projected to drive the ion exchange resins market during the forecast period. Furthermore, volatility in raw material prices and increasing competition from the reverse osmosis process are the factors restraining the market growth.
The other types segment is expected to register the highest CAGR of the overall ion exchange resins market during the forecast period.
Chelation resins and adsorbent resins are included in the others segment. Chelation resins are commonly used to remove metals, such as lead, copper, and zinc, in the metal processing industries. Adsorbent resins are mainly used in industrial applications to modify physio-chemical characteristics of liquids. These resins are suitable for adsorption of specific organic molecules from food and nonfood liquids. They have several applications in the food industry concerned with the removal of undesired organic substances and the recovery of valuable organic substances.
The ion exchange resins market in the power industry is projected to account for the largest share during the forecast period.
The power industry has witnessed significant growth over the past few years, which is attributed to the growing demand for electricity from various countries. The governments, worldwide, are encouraging various industries, including food & beverage, chemical, and primary metal to reduce their carbon footprints and switch to renewable and nuclear energy sources. Nuclear energy is the second-fastest-growing source of energy. Various nuclear-related projects are estimated to be executed in the next 10 years across the globe, thereby, directly boosting the ion exchange resins market in the power industry. In addition, China and India are also increasing their presence in the nuclear power generation segment with the installation of various nuclear energy-based power plants. These trends are expected to boost the demand for ion exchange resins in power end-use industry during the forecast period.
APAC ion exchange resins market is projected to register the highest CAGR during the forecast period.
The APAC market is segmented into China, India, Japan, South Korea, Australia, Taiwan, Thailand, Indonesia, and Rest of APAC. China is the market leader in APAC for ion exchange resins. Major fuel sources in the country are fossils and renewables. High growth in electricity demand has given rise to power shortages, while the dependency on fossil fuels has led to increased air pollution. Hence, the government is planning to reduce its dependence on fossil fuels and hydro resources leading to the rise in the demand for nuclear energy, which, in turn, will boost the market of ion exchange resins in the country. Furthermore, with the growing nuclear industry, there has been a scarcity of freshwater, which is leading to high demand for ion exchange resins in the country.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Ion Exchange Resins Market
4.2 Ion Exchange Resins Market, By Type
4.3 Ion Exchange Resins Market, Developed vs Developing Countries
4.4 APAC Ion Exchange Resins Market, By Type and Application
4.5 Ion Exchange Resins Market, By Key Countries
5 Market Overview
5.2 Market Dynamics
126.96.36.199 Growing Urban Population in APAC
188.8.131.52 Increasing Demand for Nuclear Electricity Generation in Emerging Economies
184.108.40.206 Stringent Environmental Regulations
220.127.116.11 Volatility in Raw Material Prices
18.104.22.168 Increasing Competition From Reverse Osmosis Membrane Technology
22.214.171.124 Growing Industrialization in Emerging Economies
126.96.36.199 Increasing Importance of the Recycle and Reuse of Water
188.8.131.52 Finding New Applications
184.108.40.206 Lack of Strict Regulations in Developing Regions
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
6 Ion Exchange Resins Market, By Type
6.1.1 Cationic Resins
220.127.116.11 Growing Industrial Sector Driving the Demand for Cationic Ion Exchange Resins
6.1.2 Anionic Resins
18.104.22.168 Anionic Ion Exchange Resins have High Demand in Water Dealkalization, Demineralization, and Water Softening
7 Ion Exchange Resins Market, By Application
22.214.171.124 Growth of Power, Electrical & Electronics, and Metal & Mining Industries Positively Impacting the Market
126.96.36.199 The Launch of Innovative Medicinal Products to Drive the Pharmaceutical Industry
8 Ion Exchange Resins Market, By End-Use Industry
188.8.131.52 Stringent Regulations on the Treatment of Wastewater Discharged From Power Plants Propelling the Demand for Ion Exchange Resins
8.1.2 Chemical & Petrochemical
184.108.40.206 Domestic Policy Reforms, Improving Commodity Prices, and the Increasing Presence of Production Facilities of Various Companies Boosting the Market
8.1.3 Food & Beverage
220.127.116.11 Significant Rise in Preferences for Healthy Drinks Such as Juices, Bottled Water, and Ready-To-Drink Tea to Propel the Market
18.104.22.168 Better Drug Retention and Prevention of Dose Dumping and Toxicity to Drive the Ion Exchange Resins Market
8.1.5 Electrical & Electronics
22.214.171.124 Price Erosion, Higher Per Capita Income, and Rising Consumer Demand for Electronics to Drive the Market in the Segment
8.1.6 Metal & Mining
126.96.36.199 Ion Exchange Resins Help in Cleaning and Obtaining Pure Metals
9 Ion Exchange Resins Market, By Region
188.8.131.52 Modernization of the Chinese Economy, Coupled With Changing Lifestyle, Impacting Growth of End-Use Industries
184.108.40.206 Increasing Population, Rapid Urbanization, Growing Pressure on Quality Maintenance of Municipal Water Supplies, and Stringent Regulations to Drive the Market
220.127.116.11 Highly Developed and Efficient Water Treatment and Reuse Infrastructure Significantly Increasing the Demand for Ion Exchange Resins
9.2.4 South Korea
18.104.22.168 Increase in Domestic and Industrial Wastewater Generation to Boost the Market Growth
22.214.171.124 Consumption of A Considerable Amount of Ion Exchange Resins in Huge Mining Industry
126.96.36.199 Power is the Largest End-Use Industry of Ion Exchange Resins in the Country Owing to the Large Nuclear Industrial Base
188.8.131.52 Increased Need for Pure and Safe Water to Drive the Market
184.108.40.206 Increased Infrastructure Funding and Policy Reforms to Encourage Private Investment
9.2.9 Rest of APAC
9.3 North America
220.127.116.11 Increasing Demand for Electricity to Benefit the Ion Exchange Resins Market
18.104.22.168 Growing Nuclear Industry and the Presence of A Vast Mining Sector in the Country Help Boost the Market Demand
22.214.171.124 Expansion of the Country's Nuclear Energy Capacity Will Help Increase the Demand for Ion Exchange Resins
126.96.36.199 Large Power Industry in Russia Boosting the Demand for Ion Exchange Resins
188.8.131.52 Economic Dynamism, High Level of Labor Productivity, and the Presence of Large International Companies Driving the Market
184.108.40.206 Strong Manufacturing Base, Skilled Labor, and Balanced Industrial Growth to Drive the Market
220.127.116.11 New and Under-Construction Nuclear Power Plants are Likely to Boost the Market Demand
18.104.22.168 Accelerating Foreign Demand to Propel the Market Growth
22.214.171.124 Increasing Stringent Regulations for Water Treatment and Large Industrial Base of the Country Driving the Market
126.96.36.199 Pharmaceutical, Chemicals, and Electrical & Electronics Industries to Grow in the Country Owing to an Increase in Investments
9.4.8 Rest of Europe
9.5 South America
188.8.131.52 Almost 90% of the Country's Electricity is Produced From Renewable Sources, Increasing the Scope of Ion Exchange Resins
184.108.40.206 Economic Transformation in the Country Promoting Sustainable Economic Development to Benefit the Market
9.5.3 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
220.127.116.11 The Country's Demand for Electricity is Growing Rapidly
9.6.2 South Africa
18.104.22.168 The Country is Politically Stable and has Abundant Natural Resources, R&D Capabilities, and an Established Manufacturing Base
22.214.171.124 Growing Electricity Demand in the Country Will Boost the Market for Ion Exchange Resins
9.6.4 Rest of Middle East & Africa
10 Competitive Landscape
10.2 Market Ranking, 2019
10.3 Competitive Leadership Mapping, 2019
10.3.1 Visionary Leaders
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Strength of Product Portfolio
10.5 Business Strategy Excellence
10.6 Competitive Scenario
10.6.1 Merger & Acquisition
10.6.2 Investment & Expansion
10.6.3 Partnership & Collaboration
10.6.4 New Product Development
10.7 Ion Exchange Resins: Patent Analysis
10.7.2 Document Type
10.7.4 Top Applicants
10.7.4.1 Kurita Water Industries LTD.
10.7.4.2 Sumitomo Metal Mining Co., LTD.
10.7.4.3 Tris Pharma, Inc.
11 Company Profiles
11.1 DuPont De Nemours, Inc.
11.2 Purolite Corporation
11.3 Lanxess AG
11.4 Mitsubishi Chemical Corporation
11.5 Thermax Limited
11.6 Ion Exchange (India) LTD.
11.7 Bio-Rad Laboratories, Inc.
11.8 Novasep Holding
11.9 Sunresin New Materials Co. LTD.
11.1 Suqing Group
11.11 Samyang Corporation
11.12 Resintech Inc.
11.13 Evoqua Water Technologies LLC
11.14 Other Key Companies
11.14.1 Anhui Sanxing Resin Technology Co. LTD.
11.14.2 Auchtel Products Limited
11.14.3 Aldex Chemical Company Limited
11.14.4 Bengbu Dongli Chemical Co., LTD.
11.14.5 Eichrom Technologies Inc.
11.14.6 Finex OY
11.14.7 Hebi Juxing Resin Co., LTD.
11.14.8 Jacobi Carbons Ab Group
11.14.9 Jiangsu Linhai Resin Science and Technology Co. LTD.
11.14.10 Ningbo Zhengguang Resin Co., LTD.
11.14.12 Tianjin Nankai Hecheng Science & Technology Co., LTD.
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