Ion Exchange Resins Market Size, Share, Trend, Forecast, & Competitive Analysis.

Ion Exchange Resins Market is likely to witness a healthy CAGR of 4.7% during the forecast period. Ion exchange resins are employed in a wide array of industries, such as power, chemical & petrochemical, food & beverages, pharmaceuticals, water & wastewater treatment, food & beverage, pharmaceuticals, electricals & electronics, and metal & mining. Among all the application sectors, nuclear power generation is the major sector where ion exchange resins are used for controlling reactor reaction and steam generation. They are also extensively found in water and wastewater management as ion exchange resins are used to substitute the magnesium and calcium ions with sodium ions from hard water to alleviate poisonous and heavy metal ions. The increasing infrastructural development projects in the developing economies is augmenting the demand for electricity, which in turn, is driving the growth of the energy & power sector.