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Monday, July 28, 2014

Growing Population, Tougher Pollution Laws Bolster Global Ion Exchange Market

The global market for ion exchange resins (IERs) is projected to reach $1.7 billion by 2018, according to a report by Global Industry Analysts (GIA) Inc. Growth will be driven by a rising world population, expanding application areas, and stricter mandates for industrial wastewater discharge.

IER is a well-established technology primarily used in water separation, decontamination, water softening, and decalcification. As the global population rises, so too will the demand for and magnitude of industrial and environmental pollution controls. As such, IERs have grown more involved in the water treatment process.

Ion exchange resin beads. Credit: Wikimedia Commons.

Ion exchange resin beads. Credit: Wikimedia Commons.

Even though the market faces competition from membrane separation technologies, such as reverse osmosis (RO), the market for ion exchange resins is projected to fare well over the coming years, with usage of IERs as cations in water softening continuing to be the largest end-use application.

Most applications of IERs are in decontamination of surface and groundwater, industrial mining of metals, and biodiesel production. Power generation represents the largest end-use industry segment for IERs. However, the fastest growth will take place in drinking water and wastewater treatment, which the report estimates will have a compound-annual growth rate (CAGR) of 5.2 percent. There will also be sharp rise in the adoption of IERs for new application areas such as biofuels, spectrometry, pharmaceutical, chromatography, and electronics sectors, due in large part to their chemical stability.

GIA’s report names Asia Pacific as the single largest market for IERs worldwide. The region is also forecast to emerge as the fastest growing market with a projected CAGR of 6 percent over the analysis period. This growth will be spurred by large scale industrial developments and limited natural water resources. Growing industrialization has created a critical need for conservation and reuse of water worldwide, especially in India, Taiwan, China, and other developing countries.

The report provides a comprehensive review of market trends, issues, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the U.S., Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Key end-use applications analyzed in the report include chemicals, drinking and wastewater treatment, food and beverage, power generation and others.

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