Ion Exchange Resins Market Report: Global Forecast to 2022 - Increasing Use of Nuclear Energy to Generate Electricity in Emerging Countries is a Major Growth Driver - ResearchAndMarkets.com
Jun. 05, 2018
DUBLIN--(BUSINESS WIRE)--Jun 5, 2018--The "Ion Exchange Resins Market by Type (Cationic Resins, Anionic Resins), End-Use Industry (Power, Chemical & Petrochemical, Pharmaceutical, Food & Beverage, Metal & Mining, Electrical & Electronics), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The ion exchange resins market is projected to grow from USD 1.26 billion in 2017 to USD 1.56 billion by 2022, at a CAGR of 4.4% from 2017 to 2022.
The growth of this market can be attributed to the increasing use of nuclear energy to generate electricity in emerging countries. Another factor driving the growth of the ion exchange resins market is the growing urbanization and increasing affluence in the APAC region.
However, factors such as the volatility of raw material prices and increasing competition from the reverse osmosis membrane in the demineralization application are restraining the growth of the ion exchange resins market. Most of the raw materials used in the production of ion exchange resins are petroleum products. The prices of these raw materials have been highly volatile in recent times, touching a five-year low, which affected the growth of the market.
In addition, the reverse osmosis membrane technology is a major competitor of ion exchange resins in the demineralization application in end-use industries such as water treatment, especially in thermal power stations and chemical plants.
Chelation and adsorbent resins is projected to be the fastest-growing type segment during 2017 to 2022. Chelation resins are used in metal separation processes, especially in agricultural applications. Adsorbent resins are used in industrial applications such as the production of foods & beverages. The high growth of this market can be attributed to the increasing demand for processed food and agricultural demand in emerging economies such as China, India, and others.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Ion Exchange Resins Market, By Type
7 Ion Exchange Resins Market, By End-Use Industry
8 Ion Exchange Resins Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/gbj2lg/ion_exchange?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180605005882/en/
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Related Topics:Plastic Resins
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 06/05/2018 07:11 AM/DISC: 06/05/2018 07:11 AM