According to a new research study by Transparency Market Research (TMR), the global market for cation exchange resins is registering a steady rise in its valuation. The research report, titled “Cation Exchange Resins Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” provides an all-inclusive market evaluation by evaluating the prominent trends, growth boosters, obstructions, market potentials, opportunities, and the challenges to determine the future prospects of this market.
As per the research report, the global market for cation exchange resins is mainly driven by the rapid industrialization occurring across the world, as industrialization is analogous to the rising demand for industrial water. The increase in water pollution levels, especially in Asia Pacific, is also supporting the growth of this market, significantly. Going forward, the constant rise in the demand for energy is likely to fuel the need for water treatment in the years to come, which in turn, is projected to reflect positively on the market’s growth, reports the research study.
Majorly, the global market for cation exchange resins can be assessed on the basis of the end-use industry and the region. Based on the end-use industry, the market can be segmented into the water and wastewater treatment, mining, pharmaceutical, electrical and electronics, nuclear, power generation, food and beverage, and the chemical industries. Among these, the water and wastewater treatment industry and surfaced as the key contributor to the global market. Thanks to the efficiency of cation exchange resins in removing most of the positively charged ions in water, such as lead, iron, radium, aluminum, barium, and copper, they are likely to remain witnessing increasing demand from water and wastewater treatment over the next few years.
Based on the region, the worldwide market for cation exchange resins can be bifurcated into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Asia Pacific led the global market in 2016. Researchers expect this regional market to remain on the top over the next few years. Europe and North America are also anticipated to report steady growth in their respective markets in the years to come, states the market report.
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The research report concludes with a competitive assessment of the global market for cation exchange resins by conducting a thorough research of the leading players in this market in a bid to gain an insight into the current hierarchy among them. The Dow Chemical Co., Mitsubishi Chemical Corp., Lanxess AG, and Purolite are some of the prominent vendors of cation exchange resins across the world that have been reviews in the research report.