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.
Future Market Insights conducted an in-depth study on the global ion exchange resins market and came out with a revealing report titled “Ion Exchange Resins Market: Global Industry Analysis and Opportunity Assessment, 2016-2026”. As the name indicates we have forecasted the global ion exchange resins market across different geographical regions and on the basis of the various market segments and have provided a critical assessment of the opportunities available to all the companies operating in the global ion exchange resins market over a 10-year forecast period. Our analysts have studied the market extensively and have identified multiple drivers, restraints, and trends that are expected to influence the global ion exchange resins market and consequently the business operations of the leading as well as second-in-line players functioning in the global ion exchange resins market. We have studied the market scenario of the global ion exchange resins market and analysed the impact of various factors and trends on the future and present scenario of the global ion exchange resins market.
Our report on the performance of the global ion exchange resins market for the period 2016 – 2026 begins with an overview of the market followed by key definitions and an executive summary that gives a 360o view of the revenue forecast of the global ion exchange resins market. We also present the market taxonomy in this section where we segment the global ion exchange resins market. In the next section, we do a deep dive into the key market dynamics and present our independent analysis of the various factors, challenges, and market trends that we feel will define the market in the next few years. The following sections quantify our analysis of the global ion exchange resins market by presenting data on the market size along with key performance metrics.
The last part of the report is exclusively dedicated to the major shareholders operating in the global ion exchange resins market. We have profiled a few of the leading market players and presented a detailed analysis of their overall business performance and a comprehensive evaluation of their short-term and long-term business and go-to-market strategies.
Global Ion Exchange Resins Market: Segmentation
Systematic research approach
In-depth secondary research is used to ascertain overall market size, top industry players, top products, and industry associations
List of industry players – manufacturers, distributors, retailers, and industry experts is developed
Face-to-face interviews of multiple industry insiders and key stakeholders are conducted to understand the market
The gathered pool of data is validated through the triangulation method
Accumulated data is then scrutinized with advanced tools to obtain qualitative and quantitative insights about the industry
Insights are incomplete without metrics
In this report on the global ion exchange resins market, we have encapsulated the key metrics that accurately describe the global ion exchange resins market and used this data to compare market performance across the various segments and regions. We have not only estimated the CAGR; we have also analysed the global ion exchange resins market on the basis of growth parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities likely to emerge in the global ion exchange resins market. We have further studied the various market segments through BPS analysis. We have also tried to do a revenue forecast and gauged the absolute dollar opportunity of the global ion exchange resins market. Finally, we know the importance of dissecting the different market segments in terms of their growth and performance in the global ion exchange resins market, and towards this end, we have developed a market attractiveness index to help market players identify current and future market opportunities across the global ion exchange resins market.
Our report focusses on highlighting the worldwide consumption of primary ion exchange resins. Weighted Average Selling Price (ASP) has been considered to deduce market values. Top-down approach has been used to assess market numbers for each product category. Bottom-up approach has been used to counter validate the market estimations. Macro-economic indicators such as GDP and industrial production index have been considered while forecasting market numbers. All values for market size are in US$ (US Dollar).