Ion exchange
resins are utilised in a variety of sectors for purification and softening of
water. They can remove chlorine, a radioactive element, and organic compounds
from water, which can then be employed for a variety of industrial
applications. Ion exchange resins are used in a variety of industries,
including food and beverage, chemical processing, power generation,
electronics, wastewater treatment, and mining.
Drivers
Ion exchange
resins are predicted to rise in popularity due to rising demand for water
treatment chemicals and a large increase in the volume of waste created by the
industry. Growing demand for ion exchange resins from the energy and power
generating sectors, as well as the wastewater treatment process industries, is
projected to drive market expansion for ion exchange resins in the near future.
Ion exchange resins are predicted to rise in popularity due to rising demand
for ultrapure pure water from the pharmaceutical and technology industries.
Over the forecast period, rising demand for semiconductors and
microelectronics, which consume huge amounts of ultrapure water for chip
rinsing, washing, and etching processes, is expected to boost the ion
exchange resins market.
Market Restraints
Strict laws
and restrictions, such as those set by the European Commission and the
Environmental Protection Agency (EPA), are likely to stifle the market growth
of ion exchange resins. The market growth of ion exchange resins is projected
to be limited by the fluctuating price of raw materials used in their
manufacture over the forecast period.
Market Trends
The
government's increasing investment in infrastructure development is likely to
boost the market for ion exchange resins. Growth in the mining industry,
combined with increasing industrialisation, is predicted to increase demand for
freshwater, accelerating the market growth of ion exchange resins. All of these
reasons are predicted to help the ion
exchange resins market grow.
A prominent
trend in the market is the increasing adoption of partnerships and agreements
among major companies for global and regional expansion. Fluid Technology
Solutions, Inc., a provider of membrane-based water treatment technology, for
example, announced the start of a strategic cooperation with Ion Exchange India
Ltd in October 2018.
Comments
Post a Comment