MEA Ion Exchange Resins Market to showcase moderate growth in the coming decade
The global ion exchange resins market is likely to witness a steady growth within the period of forecast (2016 – 2026). In terms of value, the market will grow at a CAGR of 5.4%. The global ion exchange resins market is projected to be valued at over US$ 1,830 Mn by 2026 with incremental dollar opportunity of more than US$ 740 Mn between 2016 and 2026.
The market was pegged at 458,000 metric tonnes in 2015 and it is expected to cross 720,816 metric tonnes by the end of the forecast period. Many regions across the globe suffer from water scarcity and water stress. For instance, MEA accounts for a mere 1% share in the available freshwater resources across the globe. There is a surging demand for water treatment chemicals in the MEA region and this in turn is expected to drive the growth of the global ion exchange resins market.
Dissecting the role of the MEA region in the global ion exchange resins market
Growing consumption of ion exchange resins, especially in some of the African countries, is expected to drive market growth during the forecast period. In terms of value, the MEA ion exchange resins market will expand at a CAGR of 5.9%. The region was estimated to be valued beyond US$ 90 Mn by the end of 2016 and it is expected to touch more than US$ 150 Mn by the end of the forecast period.
This region will also create a robust incremental dollar opportunity within the period of assessment. MEA, Eastern Europe and Latin America are expected to grow at considerable CAGRs and can be called as emerging regions in the ion exchange resins market over the forecast period. Rest of MEA countries such as Turkey, Israel, and North African countries are expected to drive growth in the consumption of ion exchange resins in the region during the forecast period.
Ion exchange resins market in the Rest of MEA was expected to account for a market value share of more than 50% in the overall MEA ion exchange resins market by 2016, and is expected to gain more than 300 BPS by the end of the assessment period. The value of the market is likely to cross US$ 100 Mn by the end of 2026. GCC is expected to be the moderately attractive region. South Africa is projected to be a relatively less attractive country on the basis of market share and CAGR. In terms of value, the ion exchange resins market in South Africa is expected to register a relatively low CAGR of 4.9% during forecast period.
Segment analysis of the MEA Ion Exchange Resins Market
- Cation exchange resins segment in the MEA ion exchange resins market was estimated to account for an approximate market value share of 58% by the end of 2016, and is expected to lose more than 90 BPS by the end of 2026. The segment is expected to be valued at US$ 100 Mn by the end of 2026.
- Others segment in the MEA ion exchange resins market is anticipated to expand at a relatively low CAGR of 5.5% in terms of value over the forecast period.
- Anion exchange resins segment in the MEA ion exchange resins market was anticipated to be worth more than US$ 32 Mn in 2016. The market share is likely to soar by the end of the projected period.
- The power generation segment is expected to accumulate more than 130 BPS by the end of the assessed period. The domestic and wastewater treatment segment is expected to record a healthy CAGR of 5.9% in terms of value by the end of 2026.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
The report guides the reader through the major segments of the ion exchange resins market differentiated mainly on the basis of region, type of product and application. With effective data pertaining to each segment, well-evaluated insights including market size and market share analysis, year-over-year (Y-o-Y) growth rate, basis point share analysis, and absolute ($) opportunity for the respective period of assessment are also included.
The report significantly consolidates the information with information regarding the analysis of market attractiveness to know the opportunities that the ion exchange resins market holds in the future. With the inclusion of key figures, charts, and tables, the research report of the ion exchange resins market caters to the needs of the readers of a precise understanding of the ion exchange resins market.