Ion exchange resins are polymers that act as an ion exchange medium. They are insoluble in water and are cross-linked and chemically inert. Ion exchange resins are functionalized polymer microbeads, which are usually yellow or white in color. They consist of a fine network with numerous cavities/micropores. The polymer base of the resins is manipulated in order to capture/exchange components from surrounding solutions. There exist weak acid cation exchange resins and strong acid cation exchange resins. Weak acid cation exchange resins are weakly acidic ion exchange resins that have carboxylic acid groups as ion-exchangeable groups. Weak acid cation exchange resins are commonly utilized for industrial water treatment applications. These resins are employed to remove carbonates, bicarbonates, and other alkaline salts. Other applications of weak acid cation exchange resins include nickel and zinc recycling and purification and separation of biochemical drugs. Strong acid cation exchange resins contain sulfonic acids as their functional groups. The acidity of these resins is as strong as sulfuric acid and hydrochloric acid.
Cation Exchange Resins Market: Drivers and Restraints
Rapid industrialization, especially in Asia, is analogous to the rise in demand for industrial water. Increase in water pollution in some of the major regions such as Asia is driving the need for water treatment technologies. The energy sector accounts for a significant demand for water treatment. Weak acid cation exchange resins and strong acid cation exchange resins are used for municipal and industrial water treatment. Thus, increase in demand for municipal/industrial water and wastewater treatment is anticipated to drive the global cation exchange resins market during the forecast period. However, cation exchange resins do not remove microorganisms such as bacteria from the feed water; however, they sometimes aid in bacterial growth. The resin beds are likely to accumulate organic matter, which serves as a source of nutrients for continued growth of bacteria. When sterile water is required after the treatment, the demineralized water produced by the ion exchange treatment plant needs to be treated by heat, ultraviolet irradiation, or very fine filtration. Cation exchange resin beds can also be treated with disinfectants such as formaldehyde, but not with heat or chlorine, as they are likely to damage the resin. These factors are anticipated to restrain the cation exchange resins market during the forecast period.
Cation Exchange Resins Market: Segmentation
The cation exchange resins market can be segmented based on end-use industry as:
- Water & Wastewater Treatment
- Electrical & Electronics
- Power Generation
- Food & Beverage
Water treatment is a major application of the cation exchange resins market. They are utilized for water demineralisation, dealkalisation, etc. Cation exchange resins are employed to remove most positively charged ions in water such as iron, lead, radium, barium, aluminum and copper. Strong acid cation resins are also utilized for the recovery of uranium from water sources, especially mine water circuits. The process is used for low to medium uranium concentrations. Cation exchange resins are also significantly used in the chemical industry as a catalyst. They are used in the production of chemicals such as TAME, Bisphenol A, MTBE, etc.
Cation Exchange Resins Market: Region-wise Outlook
In terms of volume, Asia Pacific accounted for a major share of the global cation exchange resins market in 2016. This trend is estimated to continue during the forecast period. Europe is estimated to present minimal opportunities for the cation exchange resins market due to the implementation of stringent regulations on exposure to ion exchange resins due to health concerns. Major cation exchange resins manufacturers, such as The Dow Chemical Company, have a comparatively stronger position in North America, while Mitsubishi holds a strong position in the Asia Pacific cation exchange resins market.
Cation Exchange Resins Market: Key Players
Key players operating in the cation exchange resins market include:
- The Dow Chemical Company
- Lanxess AG
- Mitsubishi Chemical Corporation
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.