2014-01-29 06:43:01 - Ion Exchange Resins: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
Global Ion Exchange Resins market is projected to reach US$1.7 billion by 2018, driven by rising population, expanding application areas, and stricter mandates for industrial wastewater effluent discharge.
Ion exchange resins (IERs) have been in use for long and mostly find application in water separation, decontamination, water softening and decalcification. Against the backdrop of growing population and rising magnitude of industrial and environmental pollution, Ion Exchange Resins have acquired a center stage in the water treatment process. Even though the market faces competition from membrane separation technologies such as reverse osmosis, the market for ion exchange resins is projected to fare well over the coming years, with usage of IERs as cations in water softening continuing to be the largest end
Ion exchange resins are primarily used in decontamination of surface and groundwater, industrial mining of metals and biodiesel production. Segment-wise, power generation represents the largest end use application for ion exchange resins while Drinking & Wastewater Treatment, with a CAGR of 5.2% represents the fastest growing segment. Owing to their chemical stability, ion exchange resins face increasing adoption from new application areas such as biofuels, spectrometry, pharmaceutical, chromatography, and electronics sectors.
Asia Pacific represents the single largest market worldwide. The region is also forecast to emerge as the fastest growing market with a projected CAGR of 6% over the analysis period. Growth is primarily attributed to large scale industrial developments and limited natural water resources. Growing industrialization has created an imperative need for conservation and re-use of water worldwide, especially in India, Taiwan, China, and other developing countries. Global Industry Analysts Â©
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