Europe Ion Exchange Resin Market accounts for a significant share in the world. It will be valued around USD 2 billion and expected to grow at a CAGR under 4% in the foreseen period between 2020 and 2025.
LANXESS, a leading specialty chemical provider is extending its portfolio of products and is planning to restructure its existing water treatment technologies. They are implementing the ion exchange resins and intends to adopt those in the markets for high-end applications.
In 2017, Novasep published that its manufacturing services had strong growth in the biopharma sector (+14%) based on the capability of Novasep to catch this growing market while the activity remained stable.
Novasep became successful in creating and refocusing its business to provide a higher margin for the Ion-exchange business. This financial turnaround allows Novasep to position themselves for their next strategic move, with new growth objectives which include further investment in the Manufacturing Bioactivity.
Drivers and Restraints of Ion Exchange Resins Market
Benefits of cationic resins have improved in processes such as de-alkalization, demineralization etc. a lot, Rapid urbanization in European countries has caused a huge demand in water purification techniques for which ion exchange industry plays a crucial role. The ion exchange industry also plays an important role in the nuclear power sector which is also quite popular in European countries.
Factors holding back the market are:
The ion exchange industry is affected by volatile prices and alternatives. There can be numerous alternatives to the demineralization process and other industries do not solely depend on the Ion-exchange industry for their functioning. As a result, this is not the strongest industry in Europe and gets easily overshadowed by their North American and Asian counterparts.
Europe Ion Exchange Resins market has been segmented into the following categories:
On the basis of Type
On the basis of Application
On the basis of End Use
On the basis of type, the cationic resins segment held the largest share of the market and it is expected to continue its dominance during the forecast period of 2020 to 2025. Their usage is widespread be it demineralization or de-alkalization.
Ion exchange resins in terms of application are extensively in water applications, such as for deionization, demineralization, separation, purification, and other processes. They play vital roles in various industries including power and chemical & petrochemical, among which power industry is one of the major consumers of ion exchange resins.
Other segments such as power, chemical & petrochemical, and pharmaceutical are the key end-use industries of ion exchange resins. These resins are used to replace the magnesium and calcium ions in hard water with the help of Na (Sodium) metal ions.
This has become a widely used technique and resulted in the growth of the Ion exchange resin market.
Geographical overview and regional presence:
Europe is one of the highest markets in terms of the Ion-exchange industry. The region falls behind the Asia Pacific. Increased investment in healthcare by members of the European Union (EU) has helped a lot in the growth of the Ion Exchange industry.
Lanxess is one of the global leaders in the Ion-exchange industry and is the top player in Europe.
There are several major market players who are asserting their dominance in the Ion Exchange Resin Market in recent years, some of the big names in Europe are:
DuPont de Nemours, Inc
Bio-Rad Laboratories, Inc.
Impact of COVID-19 on the European Ion Exchange Resin Market:
Europe was an early hotspot for the COVID-19 virus during the months of February to May. Amidst this UK, Germany, Spain, Italy, and France prepared themselves for the search of the vaccine. In this process, the ion exchange industry was one of the few industries that gained during this period. Investment in the healthcare sector has also improved its position. Desalination techniques also gained popularity and it also helped in the growth of the Ion-exchange industry.
Europe Ion Exchange Resin Market
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Type, By Application, By End-use and along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Europe Ion Exchange Resin Market By Region, From 2020-2025 ( USD Billion )
Europe Ion Exchange Resin Market By Type, From 2020-2025 ( USD Billion )
Europe Anionic Resins Market By Region, From 2020-2025 ( USD Billion )
Europe Cationic Resins Market By Region, From 2020-2025 ( USD Billion )
Europe Ion Exchange Resin Market By Application, From 2020-2025 ( USD Billion )
Europe Water Market By Region, From 2020-2025 ( USD Billion )
Europe Non-Water Market By Region, From 2020-2025 ( USD Billion )
Europe Ion Exchange Resin Market By End-User, From 2020-2025 ( USD Billion )
Europe Power Market By Region, From 2020-2025 ( USD Billion )
Europe Chemical & Petrochemical Market By Region, From 2020-2025 ( USD Billion )
Europe Pharmaceutical Market By Region, From 2020-2025 ( USD Billion )
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Europe Electrical & Electronics Market By Region, From 2020-2025 ( USD Billion )
Europe Metal & Mining Market By Region, From 2020-2025 ( USD Billion )