Europe Ion Exchange Resins Market

Europe Ion Exchange Resin Market Size 2023-2028

Europe Ion Exchange Resin Market accounts for a significant share of the world. It will be valued at around USD 2 billion and is expected to grow at a CAGR under 4% in the foreseen period between 2023 and 2028.

Drivers and Restraints of the Ion Exchange Resins Market:

The 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 for water purification techniques for which the 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 its North American and Asian counterparts.

EUROPE ION EXCHANGE RESIN MARKET REPORT COVERAGE:

Europe Ion Exchange Resins market has been segmented into the following categories:

On the basis of Type:

• Cationic Resins
•  Anionic Resins

On the basis of the Application:

• Water 
• Non-Water

On the basis of End Use:

• Power
• Chemical
• Pharmaceutical
• Metal and Mining
• Electrical and Electronics

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 the 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:

• Germany

• Italy

• France

• United Kingdom

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:

1. Lanxess

2. Novasep Holding

3. DuPont de Nemours, Inc

4. Bio-Rad Laboratories, Inc.

Impact of COVID-19 on the Europe 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.