Ion Exchange Resin Market Share

APAC Market Statistics

The ion exchange resin market in Asia Pacific is projected to be the largest with a share of about 32% by the end of 2037. The growth of the market can be attributed majorly to the increasing capacity of wastewater plants. For instance, according to the International Atomic Energy Agency, a sixth of the plant's output or around 1500 cubic meters per day can be treated at the new facility in Jinhua City, which is 300 kilometers south of Shanghai. Moreover, in June 2022, China launched the largest wastewater treatment facility using electron beam technology in the world, with a daily capacity to treat 30 million liters of industrial effluent. Based on technology that the IAEA has been transferring since 2010, the treatment process will save 4.5 billion liters of fresh water every year, which is enough to satisfy the thirst of 100,000 people.

North American Market Forecast

The North American ion exchange resin market is estimated to be the second largest, registering a share of about 28% by the end of 2037. The growth of the market can be attributed majorly to the increasing production of minerals. According to the U.S. Geological Survey, about 86.3 billion pounds of minerals were produced by American miners in 2019—more than 2 billion pounds more than the finalized output figures for 2018. Moreover, around 18,000 kg of platinum group metals, worth roughly USD 1.4 billion, were created by one company in Montana. On the other hand, the rising demand for microchips for electrical equipment is also expected to boost the market growth in the region.

Europe Market Forecast

Further, the ion exchange resin market in the Europe is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the rising construction of nuclear reactors which in turn is expected to increase the need for treating huge volumes of wastewater. As of May 2022, the UK's Hinkley Point C1 and C2 nuclear power reactors, each with a gross electrical capacity of around 1,720 megawatts, were the largest nuclear power reactors being built worldwide. In addition to this, with around 1,650-megawatt capacity, Flamanville 3 was the second-best power plant in France. Furthermore, the rising capacity of water and wastewater treatment facilities is also expected to boost market growth. Urban wastewater treatment facilities around Europe address a wide range of situations, including different types of sewage, population density, and water quality standards.