Ion-Exchange Resins Market - Forecast (2021 - 2026)
Ion-Exchange Resins are a kind of synthetic resin, usually available in the form of small beads ranging 0.5 to 1 mm in diameter with white or yellowish colours. They are manufactured by addition of functional groups and quaternary ammonium into three dimensionally cross-linked polymer matrices. Globally, stringent environmental regulations, rise in the demand for nuclear power with the growth in industrialization, and increasing industrialization and need for conservation & re-use of water are the prime growth drivers of global ion-exchange resins market. In addition, increase in adoption of ion-exchange resins for applications, such as- clinical, industrial mining of metals and biodiesel production, and growing industrialization in emerging economies such as China, India and others, will create new opportunities for global ion-exchange resins market. However, fluctuating raw material prices, lack of awareness in underdeveloped nations, and rising competition from Biosorption tec...