Ion exchange resins are the water-insoluble polymer matrix containing functional groups, which can be exchanged by the medium ions. These resins are white or yellowish in color. Resins are present in the matrix structure as porous beads, microporous beads, gel, powder, or sheet forms. Ion exchange resins are made by polymerization of monomers such as styrene, acrylic, or phenolic compounds. Ion exchange resins find high application scope in different end-use industries such as industrial & municipal water treatment, hydrometallurgy & metal finishing, chemical & petrochemical, food & beverages, pharmaceutical, power industry, electronics, and others.
Global Key Players and Competition Analysis
Some of the major players operating in the global ion exchange resins market are DowDuPont Inc. (U.S.), Ionic Systems Ltd. (UK), Purolite (U.S.), Mitsubishi Chemical Corporation (Japan), Lanxess AG (Germany), Ion Exchange (India), Thermax Global (India), Novasep Holding (France), SAMYANG CORPORATION (South Korea), Samco Technologies, Inc. (U.S.), and Thermo Fisher Scientific (India).
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The global ion exchange resins market is segmented by type, raw material, matrix structure, end-use industry, and region. Based on the type, the global ion exchange resins market is segmented into cation exchange resins, anion exchange resins, chelating resins, mix bed resins, adsorbent resins, and others. Based on the raw material, the global ion exchange resins market is segmented into polystyrene copolymer, polyacrylic copolymer, cross-linked polystyrene, and others.
Asia Pacific was the largest and fastest growing market for ion exchange resins in 2017 owing to growing application of ion exchange resins in the end-use industries such as industrial & municipal water treatment industry, hydrometallurgy & metal finishing, food & beverages, pharmaceutical, power industry, electronics, and others and is expected to witness an exponential growth over the forecast period.
The growth in the power industry because of surging demand for electricity in developing as well as developed countries are expected to have a positive impact on market growth soon. Growing applications of ion exchange resins in the pharmaceutical and food & beverage industry are also expected to drive the market growth over the forecast period.
Browse the market data and information spread across 100 pages with 59 data tables and 14 figures of the report “Ion Exchange Resins Market Research Report – Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/refrigerant-market-5879
Asia Pacific was the largest and fastest growing market for ion exchange resins in 2017.
Porous beads are expected to be the most commonly used matrix structure in different types of ion exchange resins over the forecast period, 2018-2023.
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