Ion Exchange Resins Market

Investments & Expansions was Among the Key Strategies Adopted by the Leading Players to Strengthen their Position in the Ion Exchange Resins Market.

The ion exchange resins market is projected to grow from USD 1.26 Billion in 2017 to USD 1.56 Billion by 2022, at a CAGR of 4.4% from 2017 to 2022. Companies such as DowDuPont Inc. (US), Lanxess AG (Germany), Purolite Corporation (US), Mitsubishi Chemical Corporation (Japan), and Thermax Limited (India) operating in the ion exchange resins market have adopted both, organic as well as inorganic growth strategies such as mergers, acquisitions & joint ventures; investments & expansions; new product and technology development; and partnerships, agreements & collaborations to serve their customers efficiently and increase their market shares in the ion exchange resins market.

Investments & expansions was the key strategy adopted by the major players to strengthen their position in the ion exchange resins market between 2013 and 2018. Investments & expansions accounted for a share of 35.5% of the total growth strategies adopted by the leading players of the ion exchange resins market between 2013 and 2018. Companies operating in the ion exchange resins market have also adopted the strategy of new product and technology development which helped them fulfill the emerging need for ion exchange resins in various industries.

DowDuPont (US) has gained a strong foothold in the ion exchange resins market. It is focusing on organic growth and has enhanced its product portfolio through various growth strategies, such as new product and technology developments and investments & expansions, to meet the growing demand from customers. In 2013, the company inaugurated a new technical center in the premises of the Moscow Power Engineering Institute (MPEI), together with the Research and Production Company (RPC) Mediana-Filter, that serves as a facility for plant engineers training and engineering and scientific research. In 2013, the company signed an agreement with Ahlstrom Corporation (Finland), a global high-performance fiber-based materials company, to use the Ahlstrom Disruptor technology for drinking water applications. The agreement will help the company expand its ion exchange resins product portfolio.

Lanxess AG (Germany) is another major player operating in the ion exchange resins market. The company has a broad product portfolio for ion exchange resins which find applications in various industries. The company has 54 production sites across the globe, which help the company attain economies of scale. The company is also adopting various growth strategies such as investments & expansions and new product developments to expand its presence worldwide. For instance, in September 2014, the company invested USD 12.5 million in its new production line in Leverkusen, Germany.

Related Reports:

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

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Report Code
CH 3087
Published ON
May, 2018
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