Ion Exchange Resins Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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A07372
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Sep 2020 |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Ion Exchange Resins Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Ion exchange resin is an insoluble matrix found in the form of microbeads. They are produced from organic polymer substrates, and are highly porous in nature to provide larger surface area. An ion exchange resin acts as a medium for ion exchange by trapping the ions along with the release of other ions. Different types of ion exchange resins are available in the market such as anion resins, cation-exchange resin, and chelating resin. However, most of the resins that are used commercially are made up of polystyrene sulfonate. Ion exchange resins are majorly applicable in separation, purification, and decontamination, and are primarily used in water purification and water softening processes. These resins are used in other industries, such as pharmaceuticals, nuclear power generation, food & beverages, and metallurgy.
Market scope and structure analysis
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Report Metric |
Details |
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Market size available for years |
2019–2027 |
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Base year considered |
2019 |
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Forecast period |
2020–2027 |
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Forecast unit |
Value (USD) |
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Segments covered |
Type, Application, Industry Vertical, and Region |
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Regions covered |
North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
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Companies covered |
DuPont de Nemours Inc., Lanxess, Purolite Corporation, Mitsubishi Chemical Corporation, Thermax Limited, Ion Exchange Ltd., Novasep Holding, Samyang Corporation, ResinTech Inc., Sunresin New Materials Co. Ltd., and Bio-Rad Laboratories Inc. |
COVID-19 impact analysis
The novel coronavirus pandemic has had severe impacts on the global ion exchange resins market.
- Increase in awareness about hygiene and health have raised the concerns about the purity of water. This has fueled the growth of the water treatment industry, which, in turn, is increasing the demand for ion exchange resins.
- The demand for pharmaceutical products and medicines have skyrocketed in the period of the pandemic, which has escalated the demand for ion exchange resins in the pharmaceutical industry.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Increase in applications of ion exchange resins in major industries such as pharmaceuticals, nuclear power generation, and water treatment plant has played an important role in the growing demand of the ion exchange resins. These resins are extensively used for removing chlorine and other hazardous metals such as lead and cadmium from the water, thus making it suitable for use. In addition, they are used in replacing the magnesium and calcium ions found in hard water with sodium ions, thereby eliminating the hardness of water. They can be reused after being washed with solution having high concentration of sodium ions. However, the resins that are used for domestic purposes are not reusable. This purification process is not only limited to water purification plants but also is used in electronics industry, as highly pure water is essential for the production of semiconductors. Moreover, ion exchange resins play an important role in separating hafnium, is used in the control rods from zirconium, which has lower neutron absorbing capabilities. The ion exchange process is essential in uranium mining, and is used in metal processing industries. Furthermore, these resins have a variety of applications in the pharmaceutical industry, and play a major role in catalyzing reactions, purifying, and isolating active reagents. However, higher cost of ion exchange resins might act as a restraining factor of the market. On the contrary, upsurge in demand for nuclear energy coupled with investments in research and development to minimize the cost of resins is anticipated to boost the growth of the global ion exchange resins market during the forecast period.
Asia-Pacific holds the major share of the global ion exchange resin market, due to the rapid developments in the power generation and water treatment plants in the emerging economies such as India and China. The market in North America is expected to grow significantly, owing to the expansion of the growing pharmaceutical, mining, and nuclear power industries.
Key segments covered
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Segment |
Subsegment |
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Type |
• Cationic Resins • Anionic Resins • Others (Adsorbent Resins & Chelation Resins) |
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Application |
• Water • Non-water |
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Industry Vertical |
• Power • Chemical & Petrochemical • Food & Beverage • Pharmaceutical • Electrical & Electronics • Metal & Mining • Others |
Key benefits of the report
- This study presents the analytical depiction of the global ion exchange resins industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ion exchange resins market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global ion exchange resins market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global ion exchange resins market research report:
- Which are the leading market players active in the global ion exchange resins market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
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- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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