Ion Exchange Resins Market – Analysis and Forecasts from 2016 to 2024 Ion Exchange Resins Market - Global Industry Analy

Ion Exchange Resins Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
An ion exchange resin is a resin that acts as a medium for ion exchange. It is a small
insoluble matrix, usually in the form of a tiny bead produced from organic polymer
substrates. The surface of this resin bead is typically porous. This assists in trapping
and releasing ions without any difficulty. Ion exchange resins are used in various
applications in different purification, separation, and decontamination processes.
Common applications include water purification and water softening. Ion exchange
resins may also be used instead of zeolites in the said processes. They are also
highly effective in the filtration process of bio-diesel. Furthermore, ion exchange
resins are employed in end-use industries such as food & beverages,
pharmaceuticals, and power generation.
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Based on type, the ion exchange resins market can be divided into cationic resins,
anionic resins, chelation resins, and adsorbent resins. The cationic resins segment
held the prominent share of the global ion exchange resins market in 2015. It is
anticipated to continue its dominance across during the forecast period. Application
in water softening and demineralization in industries such as water treatment,
nuclear, and chemical is the primary driver of the cationic resins segment. The
chelation resins and adsorbent resins segments are estimated to expand at rapid
pace during the forecast period. Chelation resins are used in agricultural and
pharmaceutical applications, while adsorbent resins are employed in the food &
beverage industry. These segments are projected to expand significantly owing to
the increase in demand for processed food and growth in agricultural applications in
countries in Asia Pacific such as China and India.
Based on end-use industry, the global ion exchange resins market can be
segmented into power, water treatment, food & beverages, chemical,
pharmaceutical, and others. The power segment constituted the key share of the
ion exchange resins market in 2015. It is likely to continue its dominance during the
forecast period. Ion exchange resins are extensively employed to demineralize feed
water and condensate polishing inside water-steam circuits in the power industry.
The power segment is expected to be followed by the water treatment and food &
beverage segments, owing to the global industrialization coupled with scarcity of
clean and fresh water. The pharmaceutical segment is anticipated to expand at a