Ion Exchange Resins Market – Analysis and Forecasts from 2016 to 2024 Ion Exchange Resins Market - Global Industry Analy | Page 2

rapid pace during the forecast period, as ion exchange resins are excellent drug
delivery mediums. R&D departments of several manufacturing companies are
conducting research on increasing the number of applications of ion exchange
resins in the pharmaceutical segment. This is also estimated to drive the ion
exchange resins market in the near future.
In terms of region, the global ion exchange resins market can be segregated into
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia
Pacific held the prominent share of the global ion exchange resins market in 2015.
The market in the region is expected to expand at a rapid pace during the forecast
period owing to the increase in demand for nuclear power and rise in urbanization.
China, India, and South Korea are the key countries contributing to the growth of the
ion exchange resins market in Asia Pacific. The region was followed by North
America and Europe, respectively, in 2015. The ion exchange resins market in North
America and Europe is expanding at a sluggish pace, as it has reached the stage of
maturity. This is anticipated to hamper the demand for ion exchange resins in these
regions. The ion exchange resins market in Latin America is estimated to expand at
a significant pace during the forecast period owing to the growing demand for clean
water.
Prominent players operating in the global ion exchange resins market are BASF SE,
The Dow Chemical Company, Ion Exchange Ltd., Evoqua Water Technologies LLC,
Mitsubishi Chemical Corporation, Finex Oy, Lanxess, and Thermax Limited.
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