Ion-exchange Resins Market – Global Forecasts and Opportunity Assessment by Technavio

LONDON–(BUSINESS WIRE)–#MetalsandMinerals–According to the latest market study released by Technavio,
the global
ion-exchange resins market is expected to grow at a CAGR of more
than 5% during the forecast period.

This research report titled ‘Global
Ion-exchange Resins Market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.

Ion-exchange resins are widely used in power and water treatment
industries. The use of these resins in the pharmaceutical and chemical
industries is increasing in recent years and is expected to witness
notable opportunities during the forecast period. In 2016, the power and
water treatment segment accounted for most the share in terms of revenue
due to high consumption.

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Technavio’s analysts categorize the global ion-exchange resins market
into five major segments by end users. They are:

• Power
• Water treatment
• Chemical
• Pharmaceuticals
• Others

The top three segments based on end-users for the global ion-exchange
resins market are discussed below:

Global ion-exchange resins market for power segment

In the power end-user segment, ion-exchange resins are widely used in
various processes such as demineralization, condensate polishing, and
treatment of radioactive waste in the nuclear power plants. These resins
are crucial in nuclear power sector due to the benefits such as
effective removal of radioactive waste from nuclear plants and
minimizing waste discharge through feed water.

According to Mahitha Mallishetty, a lead metals
and minerals research analyst from Technavio, “The increasing
need for electricity from developing countries due to population growth
and rapid urbanization has triggered the demand for power generation
from nuclear plants. The share of nuclear energy in the global gross
commercial electricity generation sector has been stable in recent
years, accounting for almost 11% in 2015.”

Global ion-exchange resins market for water treatment segment

The scarcity of potable water and rising awareness regarding health have
increased the acceptance of water purification systems, which require
ion-exchange resins. These resins are extensively used for treating
water in industries owing to the factors such as energy efficiency and
lower cost when compared with other conventional physical and chemical
water treatment applications.

“These resins are also widely used for treating municipal water in
developing countries of APAC and ROW. In recent years, ion-exchange
resins are also gaining prominence in household water purifiers; these
resins are being used in cartridges, thereby increasing their demand,”
says Mahitha.

Global ion-exchange resins market for chemical segment

In the chemical industry, ion-exchange resins are used as a catalyst,
for separation of metals, brine purification or decalcification, and for
the production and purification of chemical compounds, including
caprolactam. Furthermore, these resins are used in the purification of
biodiesel and for the production of high-purity water.

The notable growth in the chemicals and related end-user industries in
the developing regions, including APAC, is providing notable prospects
for the market growth in the segment. Also, the growing global
petrochemicals industry in MEA is also expected to foster the market
growth during the forecast period.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• BASF
• Mitsubishi Chemical Holdings
• ION EXCHANGE
• LANXESS
• The Dow Chemical Company
• Thermax Global

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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