DUBLIN--(BUSINESS WIRE)-- The "Ion Exchange Resins Market by Type (Cationic Resins, Anionic Resins), End-Use Industry (Power, Chemical & Petrochemical, Pharmaceutical, Food & Beverage, Metal & Mining, Electrical & Electronics), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The ion exchange resins market is valued at USD 1.26 Billion in 2017 and is projected to reach USD 1.56 Billion by 2022, at a CAGR of 4.4% from 2017 to 2022.

Based on type, the cationic resins segment is estimated to account for the largest share of the ion exchange resins market in 2017. Anionic resins accounted for the second-largest market share, followed by the others segment which is expected to have the highest growth rate.

Among end-use industries, the power segment is projected to lead the ion exchange resins market during the forecast period. The growth of this segment can be attributed to the rising number of coal-based and nuclear power plants in various countries such as China, Japan, Poland, and India and the increasing adherence to environmental regulations by various industries for wastewater treatment.

The APAC region is the largest market for ion exchange resins, globally. The growth of the APAC ion exchange resins market can be attributed to the large industrial base in the region and increased demand for ion exchange resins from the chemical and power industries of the region. In addition, several initiatives undertaken by governments of different countries of the region to attract investments from various international companies are also expected to propel the growth of the APAC ion exchange resins market during the forecast period.

DowDuPont Inc. (US), Lanxess AG (Germany), Purolite Corporation (US), Mitsubishi Chemical Corporation (Japan), Thermax Ltd. (India), and Ion Exchange (India) Ltd (India) are the key players operating in the ion exchange resins market. These companies have adopted various organic as well as inorganic growth strategies between 2013 and 2018 to strengthen their position in the ion exchange resins market. The strategy of investments & expansions was among the key growth strategies adopted by these leading players to enhance their regional presence and meet the growing demand for ion exchange resins from emerging economies.

Market Dynamics

Drivers

• Growing Urbanization in APAC
• Increasing Demand for Nuclear Electricity Generation in Emerging Economies
• Stringent Environmental Regulations

Restraints

• Volatility in Raw Material Prices
• Increasing Competition From Reverse Osmosis Membrane

Opportunities

• Growing Industrialization in Emerging Economies
• Recycle and Reuse of Water
• Opportunities Associated With Cleaning Biodiesel

Challenges

• Finding New Applications and Lack of Awareness in Developing Regions

Companies Profiled

• DowDuPont
• Lanxess
• Purolite
• Mitsubishi Chemical Corporation
• thermax
• Ion Exchange (India) Ltd.
• Jiangsu Suqing Water Treatment Engineering Group Company Ltd.
• Novasep Holding
• Samyang Corporation
• Resintech
• Anhui Sanxing Resin Technology Co. Ltd.
• Auchtel Products Limited
• Aldex Chemical Company Limited
• Bengbu Dongli Chemical Co. Ltd.
• Bio-Rad Laboratories Inc.
• Eichrom Technologies Inc.
• Evoqua Water Technologies LLC
• Finex OY
• Hebi Juxing Resin Co. Ltd.
• Jacobi Carbons AB
• Jiangsu Linhai Resin Science and Technology Co. Ltd.
• Ningbo Zhengguang Resin Co. Ltd.
• OVIVO
• Sunresin New Materials Co. Ltd.
• Tianjin Nankai Hecheng Science & Technology Co. Ltd

For more information about this report visit https://www.researchandmarkets.com/research/d4n7pm/global_ion?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181025005335/en/

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