Ion Exchange Resins Market Growth Opportunities & Factors and Profit Margin | Size, Trends, CAGR and Share 2023-2030
The surging need for industrial water treatment is expected to spur opportunities for the market, states Fortune Business Insights, in a report, titled “Ion Exchange Resins Market Size, Share & Industry Analysis, By Product (Anionic Resins, Cationic Resins, Others), By End-Use (Power, Mining, Food & Beverages, Water & Wastewater Treatment, Chemicals & Petrochemicals, Electricals & Electronics, Pharmaceutical) and Regional Forecast, 2023-2030.” The growing demand for clean drinking water is expected to boost the growth of the market.
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The report on the ion exchange resins marketcontains:
- Grander insights into the market
- Meticulous scrutiny of the market
- Recent developments
- Notable information about eminent players
- Leading regions in the industry
Growing Cognizance about Water Purification to Stimulate Growth
The growing application of Ion in the pharmaceutical sector is expected to promote the healthy growth of the market. For instance, extraction and purification of enzymes, hormones, alkaloids, and viruses are completed in the pharmaceutical industry. The emergence of innovative technologies infiltration of water is expected to bolster the healthy growth of the market. The growing need for water treatment plant is expected to promote the market. The prospering chemicals & petrochemicals are expected to uplift the market potential in the forthcoming years. Furthermore, the introduction of advanced ion-exchange resin by major companies is expected to favor the growth of the market. For instance, in November 2016, the Dow Chemical Company introduced the next generation ion exchange resin specially made for industrial water treatment.
The high price of raw materials such as polystyrene and polystyrene can consequently restrict the growth of the market. Similarly, the unavailability of ion is expected to further aggravate the growth of the market.
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Rapid Urbanization to Influence Growth in Asia Pacific
The market in Asia Pacific is expected to lead the global market owing to the rapid urbanization in the region. The increasing demand for power in developing nations such as India and China is expected to aid the development of the market in the region. The expanding food & beverage industry is expected to create opportunities for the market in Asia Pacific. The booming pharmaceutical industry is expected to expedite the sales of ion in the region. North America is expected to experience a high growth rate owing to the rising mining activities in the region. Europe is expected to observe a significant growth rate owing to the booming manufacturing industry in numerous countries. Latin America and Middle East & Africa are expected to exhibit a slow growth rate owing to the lack of awareness about ion resins in the regions.
January 2018: Ion Exchange (India) Ltd released Indion Swift 5Gx, which is a high purity water generating product catering biotech and pharmaceutical industries
December 2017: Purolite removed 1,2 dichloroethane from ion exchange resin production to make a safer working environment for the employees and to meet the European regulatory standards.
The Report Lists the Key Companies in the Ion Exchange Resins Market:
- Dow Chemicals
- Mitsubishi Chemical Corporation
- Purolite Corporation
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