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
[132 Pages Report] Ion Exchange Resins Market was valued at USD 1.20 Billion in 2016 and is projected to reach USD 1.56 Billion by 2022, at a CAGR of 4.4% during the forecast period from 2017 to 2022. In this study, 2016 has been considered as the base year while the forecast period that has been considered is 2017 to 2022.
Growing urbanization in APAC
The growing urbanization in APAC is projected to drive the market in the next five years. The growing disposable income of the population is improving their living standards. These factors are affecting the demand for ion exchange resins in the region.
APAC has 53% of the global urban population. In APAC, China and India are expected to witness the highest growth rate of urbanization. These two countries are expected to account for more than 30% of the growth in urban population. According to WHO, the global urban population is expected to grow by 1.84% per year between 2015 and 2020, 1.63% per year between 2020 and 2025, and 1.44% per year between 2025 and 2030. The demand for power, potable water, food & beverage, pharmaceuticals, and other resources are expected to register high growth in urban areas. This is expected to increase the consumption of ion exchange resins in the power, food & beverage, pharmaceutical, and chemical industries.
Volatility in raw material prices
Ion exchange resins are basically polymer beads mainly made of polystyrene with sulfonate group to form cation exchangers or amine group to form anion exchangers. Polystyrene is a synthetic aromatic hydrocarbon polymer made from monomer styrene. Hence, the availability and pricing of polystyrene are directly affected by the scenario in the oil industry. The ion exchange resins market has witnessed fluctuating price trends due to uncertain raw material prices and volatile cost of energy and transportation. The volatile raw material prices affect the cost and profit of the final product. Ion exchange resins manufacturers are forced to increase the price of these resins due to the cascade effect. This has made the industry quite competitive, as manufacturers are affected by price-sensitive customers.
The main objective of this study is to define, describe, and forecast the ion exchange resin market based on type, end-use industry, and region. In this report, the ion exchange resin market has been studied in North America, Europe, APAC, the Middle East & Africa, and South America. The report includes detailed information about the major factors such as drivers, opportunities, restraints, and challenges influencing the growth of the ion exchange resin market across the globe. The report strategically analyzes market segments with respect to individual growth trends, growth prospects, and contribution to the overall ion exchange resins market.
In this report, the size of the ion exchange resin market and its different segments has been derived from various research methodologies. In the secondary research process, different sources have been referred to identify and collect information for this study on the ion exchange resin market. These secondary sources include annual reports, press releases, and investor presentations of companies; associations such as International Water Association, Future Water Associations, and Water Quality Association; and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both, supply- and demand-side have been interviewed to obtain qualitative and quantitative information regarding the ion exchange resin market. Both, bottom-up and top-down approaches have been used to estimate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, the exact sizes of the overall parent market and individual markets have been determined and confirmed in this study on the ion exchange resins market.
The figure below illustrates the breakdown of profiles of primaries.
To know about the assumptions considered for the study, download the pdf brochure
The ion exchange resins market includes raw material suppliers, manufacturers of ion exchange resins, and end users. DowDuPont Inc. (US), Purolite Corporation (US), Mitsubishi Chemical Corporation (Japan), Lanxess AG (Germany), Ion Exchange (India) Ltd. (India), and Thermax Ltd. (India) are the leading players operating in the ion exchange resin market.
The stakeholders in the ion exchange resins market are as follows:
- Food and Beverage Manufacturers
- Government and Regional Agencies and Research Organizations
- Manufacturers of Water Treatment Systems
- Mining Companies
- Nuclear Power Generation Companies
- Pharmaceutical Companies
- Raw Material Producers and Manufacturers of Ion Exchange Resins
- Regional Manufacturers Associations and General Ion Exchange Resins Conferences
- Semiconductor and Electronics Companies
- Traders, Distributors, and Suppliers of Ion Exchange Resins
- Water Treatment Companies
- Associations and Industrial Bodies
- R&D Institutions
- Environment Support Agencies
Scope of the Report
This report forecasts the revenue growth of the ion exchange resins market and provides an analysis of trends for each subsegment of the market. This research report categorizes the ion exchange resin market as follows:
Ion Exchange Resins Market By Type:
- Cationic Resins
- Anionic Resins
- Others
Ion Exchange Resin Market By End-use Industry:
- Power
- Chemical & Petrochemical
- Water & Wastewater Treatment
- Food & Beverage
- Pharmaceutical
- Electrical & Electronics
- Metal & Mining
- Others
Ion Exchange Resins Market By Region:
- Europe
- North America
- APAC
- South America
- Middle East & Africa
Each region is further segmented into the key countries in the respective regions.
Available Customizations:
The following customization options are available for this report on the ion exchange resins market:
Country Information
- Analysis of the ion exchange resin market in various other countries
Company Information
- Detailed analysis and profiling of additional market players (up to five)
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.Ion exchange resins are used in a wide range of end-use industries such as power, chemical & petrochemical, food & beverages, pharmaceutical, electrical & electronics, water & wastewater treatment, and metal & mining, among others. Ion exchange resins are majorly used in nuclear power generation for controlling reactor reaction and steam generation. Ion exchange resins are widely used in the water treatment industry to remove the hardness of water and for demineralization of water. In these end-use industries, ion exchange resins are used to replace the magnesium and calcium ions with sodium ions from hard water and to remove poisonous and heavy metal ions. The growing number of infrastructure development projects is increasing the demand for electricity in various emerging economies such as India, China, and Thailand, which has led to the overall growth of the power industry.
Based on type, the cationic resins segment is estimated to account for the largest share of the ion exchange resin 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. Cationic and anionic resins are further classified as strong or weak acid cationic resins and strong or weak base anionic resins. Extensive use of cationic resins in water treatment applications in power, chemical, and domestic end-use industries is responsible for the high market numbers of this segment. These resins are projected to play a major role in water treatment in various industries during the next 10 years.
Among end-use industries, the power segment is projected to lead the ion exchange resin 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 resin market during the forecast period.
Finding new applications and lack of awareness in underdeveloped regions is a major challenge for the growth of the 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 resin 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 resin 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.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 30)
4.1 Attractive Opportunities in the Ion Exchange Resins Market
4.2 Market, By Type
4.3 Market, By End-Use Industry
4.4 Ion Exchange Resin Market, By Region
4.5 APAC Market, By End-Use Industry and Country
5 Market Overview (Page No. - 33)
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Growing Urbanization in APAC
5.1.1.2 Increasing Demand for Nuclear Electricity Generation in Emerging Economies
5.1.1.3 Stringent Environmental Regulations
5.1.2 Restraints
5.1.2.1 Volatility in Raw Material Prices
5.1.2.2 Increasing Competition From Reverse Osmosis Membrane
5.1.3 Opportunities
5.1.3.1 Growing Industrialization in Emerging Economies
5.1.3.2 Recycle and Reuse of Water
5.1.3.3 Opportunities Associated With Cleaning Biodiesel
5.1.4 Challenges
5.1.4.1 Finding New Applications and Lack of Awareness in Developing Regions
5.2 Porters Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threats of Substitutes
5.2.3 Bargaining Power of Suppliers
5.2.4 Bargaining Power of Buyers
5.2.5 Intensity of Competitive Rivalry
6 Ion Exchange Resins Market, By Type (Page No. - 40)
6.1 Introduction
6.1.1 Cationic Resins
6.1.2 Anionic Resins
6.1.3 Others
7 Ion Exchange Resins Market, By End-Use Industry (Page No. - 45)
7.1 Introduction
7.1.1 Power
7.1.2 Chemical & Petrochemical
7.1.3 Water & Wastewater Treatment
7.1.4 Food & Beverage
7.1.5 Pharmaceutical
7.1.6 Electrical & Electronics
7.1.7 Metal & Mining
7.1.8 Others
7.2 Top End-Use Industry vs Country Cross Mapping
7.2.1 Power
7.2.2 Chemical & Petrochemical
7.2.3 Food & Beverage
7.2.4 Pharmaceutical
8 Ion Exchange Resins Market, By Region (Page No. - 56)
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.2 India
8.2.3 Japan
8.2.4 South Korea
8.2.5 Thailand
8.2.6 Indonesia
8.2.7 Taiwan
8.2.8 Australia
8.2.9 Rest of APAC
8.3 North America
8.3.1 US
8.3.2 Mexico
8.3.3 Canada
8.4 Europe
8.4.1 Russia
8.4.2 Germany
8.4.3 France
8.4.4 UK
8.4.5 Italy
8.4.6 Spain
8.4.7 Netherlands
8.4.8 Rest of Europe
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 Turkey
8.6.3 South Africa
8.6.4 Rest of the Middle East & Africa
9 Competitive Landscape (Page No. - 97)
9.1 Overview
9.2 Market Ranking of Key Players
9.2.1 Dowdupont
9.2.2 Lanxess
9.2.3 Purolite
9.2.4 Mitsubhi Chemical Corporation
9.2.5 Thermax
9.3 Competitive Situations & Trends
9.3.1 New Product and Technology Developments
9.3.2 Investments & Expansions
9.3.3 Mergers, Acquisitions, & Joint Ventures
9.3.4 Partnerships, Agreements, & Collaborations
10 Company Profiles (Page No. - 105)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 Dowdupont
10.2 Lanxess
10.3 Purolite
10.4 Mitsubishi Chemical Corporation
10.5 Thermax
10.6 Ion Exchange (India) Ltd.
10.7 Jiangsu Suqing Water Treatment Engineering Group Company Ltd.
10.8 Novasep Holding
10.9 Samyang Corporation
10.10 Resintech
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
10.11 Other Players
10.11.1 Anhui Sanxing Resin Technology Co. Ltd.
10.11.2 Auchtel Products Limited
10.11.3 Aldex Chemical Company Limited
10.11.4 Bengbu Dongli Chemical Co., Ltd.
10.11.5 Bio-Rad Laboratories, Inc.
10.11.6 Eichrom Technologies Inc.
10.11.7 Evoqua Water Technologies LLC
10.11.8 Finex OY
10.11.9 Hebi Juxing Resin Co., Ltd.
10.11.10 Jacobi Carbons AB
10.11.11 Jiangsu Linhai Resin Science and Technology Co. Ltd.
10.11.12 Ningbo Zhengguang Resin Co., Ltd.
10.11.13 Ovivo
10.11.14 Sunresin New Materials Co. Ltd.
10.11.15 Tianjin Nankai Hecheng Science & Technology Co., Ltd.
11 Appendix (Page No. - 124)
11.1 Insights From Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details
List of Tables (88 Tables)
Table 4 Other Ion Exchange Resins Market Size, By Region, 20152022 (USD Million)
Table 5 Market Size, By End-Use Industry, 20152022 (USD Million)
Table 6 Market Size in Power, By Region, 20152022 (USD Million)
Table 7 Market Size in Chemical & Pharmaceutical, By Region, 20152022 (USD Million)
Table 8 Market Size in Water & Wastewater Treatment, By Region, 20152022 (USD Million)
Table 9 Market Size in Food & Beverage, By Region, 20152022 (USD Million)
Table 10 Market Size in Pharmaceutical, By Region, 20152022 (USD Million)
Table 11 Market Size in Electrical & Electronics, By Region, 20152022 (USD Million)
Table 12 Market Size in Metal & Mining, By Region, 20152022 (USD Million)
Table 13 Market Size in Other End-Use Industries, By Region, 20152022 (USD Million)
Table 14 Market Size in Power, By Country, 20152022 (USD Million)
Table 15 Market Size in Chemical & Petrochemical, By Country, 20152022 (USD Million)
Table 16 Market Size in Food & Beverage, By Country, 20152022 (USD Million)
Table 17 Market Size in Pharmaceutical, By Country, 20152022 (USD Million)
Table 18 Market Size, By Region, 20152022 (USD Million)
Table 19 Market Size, By End-Use Industry, 20152022 (USD Million)
Table 20 Market Size, By Type, 20152022 (USD Million)
Table 21 APAC: Market Size, By Country, 20152022 (USD Million)
Table 22 APAC: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 23 APAC: Market Size, By Type, 20152022 (USD Million)
Table 24 China: Economic Outlook (2016)
Table 25 China: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 26 India: Economic Outlook, 2016
Table 27 India: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 28 Japan: Economic Outlook, 2016
Table 29 Japan: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 30 South Korea : Economic Outlook, 2016
Table 31 South Korea: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 32 Thailand: Economic Outlook, 2016
Table 33 Thailand: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 34 Indonesia: Economic Outlook, 2016
Table 35 Indonesia: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 36 Taiwan: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 37 Australia: Economic Outlook, 2016
Table 38 Australia: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 39 Rest of APAC: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 40 North America: Market Size, By Country, 20152022 (USD Million)
Table 41 North America: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 42 North America: Market Size, By Type, 20152022 (USD Million)
Table 43 US: Economic Outlook, 2016
Table 44 US: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 45 Mexico: Economic Outlook, 2016
Table 46 Mexico: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 47 Canada: Economic Outlook, 2016
Table 48 Canada: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 49 Europe: Market Size, By Country, 20152022 (USD Million)
Table 50 Europe: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 51 Europe: Market Size, By Type, 20152022 (USD Million)
Table 52 Russia: Economic Outlook, 2016
Table 53 Russia: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 54 Germany: Economic Outlook, 2016
Table 55 Germany: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 56 France: Economic Outlook, 2016
Table 57 France: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 58 UK: Economic Outlook, 2016
Table 59 UK: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 60 Italy: Economic Outlook, 2016
Table 61 Italy: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 62 Spain: Economic Outlook, 2016
Table 63 Spain: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 64 Netherlands: Economic Outlook, 2016
Table 65 Netherlands: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 66 Rest of Europe: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 67 South America: Market Size, By Country, 20152022 (USD Million)
Table 68 South America: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 69 South America: Market Size, By Type, 20152022 (USD Million)
Table 70 Brazil: Economic Outlook, 2016
Table 71 Brazil: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 72 Argentina: Economic Outlook, 2016
Table 73 Argentina: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 74 Rest of South America: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 75 Middle East & Africa: Market Size, By Country, 20152022 (USD Million)
Table 76 Middle East & Africa: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 77 Middle East & Africa: Market Size, By Type, 20152022 (USD Million)
Table 78 Saudi Arabia: Economic Outlook, 2016
Table 79 Saudi Arabia: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 80 Turkey: Economic Outlook, 2016
Table 81 Turkey: Market Size, By End-Use Industry, 20152021 (USD Million)
Table 82 South Africa: Economic Outlook, 2016
Table 83 South Africa: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 84 Rest of the Middle East & Africa: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 85 New Product and Technology Developments, 20132018
Table 86 Investments & Expansions, 20132018
Table 87 Mergers, Acquisitions, & Joint Ventures, 20132018
Table 88 Partnerships, Agreements, & Collaborations, 20132018
List of Figures (28 Figures)
Figure 1 Ion Exchange Resins: Market Segmentation
Figure 2 Ion Exchange Resins: Market Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Ion Exchange Resins: Market Data Triangulation
Figure 6 Power to Be the Largest End-Use Industry of Ion Exchange Resins During Forecast Period
Figure 7 Cationic Ion Exchange Resins to Be the Largest Type
Figure 8 APAC Market to Register the Highest CAGR
Figure 9 Significant Growth in the Ion Exchange Resin Market Between 2017 and 2022
Figure 10 Cationic Ion Exchange Resins Accounted for the Largest Market Share in 2016
Figure 11 Power Was the Largest End-Use Industry in 2016
Figure 12 APAC Accounted for the Largest Market Share in 2016
Figure 13 Power Was the Largest End-Use Industry in APAC
Figure 14 Overview of Factors Governing Ion Exchange Resins Market
Figure 15 Market: Porters Five Forces Analysis
Figure 16 Cationic Ion Exchange Resins to Be the Largest Type
Figure 17 Power to Be the Largest End-Use Industry for Ion Exchange Resins
Figure 18 The Ion Exchange Resins Market in India to Register the Highest CAGR Between 2017 to 2022
Figure 19 APAC: Ion Exchange Resin Market Snapshot
Figure 20 North America: Ion Exchange Resins Market
Figure 21 Middle East & Africa is the Second-Fastest Growing Market, 20172022
Figure 22 Companies Adopted Investments & Expansions as the Key Growth Strategy Between 2013 and 2018
Figure 23 Ranking of Ion Exchange Resins Manufacturers in 2016
Figure 24 Lanxess: Company Snapshot
Figure 25 Lanxess: SWOT Analysis
Figure 26 Thermax: Company Snapshot
Figure 27 Thermax: SWOT Analysis
Figure 28 Ion Exchange (India) Ltd.: Company Snapshot
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