The Global Market for Ion Exchange Resins is Projected to Reach US$1.8 Billion by 2020

Expanding Applications to Drive the Global Ion Exchange Resins Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Ion Exchange Resins. The global market for Ion Exchange Resins is projected to reach US$1.8 billion by 2020, driven by widening application areas, surging population, and emerging markets with large scale industrial activity.

Ion Exchange Resins (IERs) are indissoluble polymers that find extensive application in end use markets such as chemicals, drinking & wastewater treatment, food & beverage, power generation, and pharmaceuticals. Surging global population, urbanization, pollution, and resource shortages are the prime factors driving the global demand for IERs. Demographic trends influencing the demand for food, water, and other resources are also poised to drive growth in the market. Further, depleting fresh water resources, urban wastewater treatment, and increasing demand for pure water in electronics, power generation, minerals and mining are also expected to infuse new demand for IERs. Future growth in the market will be driven by the increasing adoption of IERs in new application areas such as biofuels, spectrometry, pharmaceuticals, chromatography, and electronics. The growth in the coming years will also be driven by the increasing use of IERs in thermal power plants, semiconductor, electronics and atomic energy applications. IERs are positioned to benefit immensely from the initiatives taken by governments across the world towards providing clean drinking water.

As stated by the new market research report on Ion Exchange Resins, Asia-Pacific represents the largest as well as the fastest growing market worldwide with a projected CAGR of 5.6% over the analysis period. The growth in the region is driven by large scale industrial development and limited natural water resources. Growing industrialization has created an imperative need for conservation and re-use of water, especially in India, Taiwan, China, and other developing countries. The scenario magnifies the need for ion-exchange resins for water-treatment systems. Power generation represents the largest end use application for ion exchange resins, while Drinking & Wastewater Treatment ranks as the fastest growing end-use market.

Major players covered in the report include BASF SE, Eichrom Technologies Inc., Evoqua Water Technologies, Finex Oy, Ion Exchange (India) Ltd., Jiangsu Suqing Water Treatment Engineering Group Co. Ltd., Lanxess AG, Mitsubishi Chemical Corporation, Novasep, Purolite Corporation, ResinTech Inc., The Dow Chemical Company, and Thermax Limited, among others.

The research report titled “Ion Exchange Resins: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America and Rest of World. Key end-use applications analyzed in the report include Chemicals, Drinking & Wastewater Treatment, Food & Beverage, Power Generation and Others.

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